BakeryToken (BAKE) is a cryptocurrency that was launched in September 2020 as part of the BakerySwap ecosystem. BakerySwap rewards liquidity providers with BAKE tokens, which may be used to earn a percentage of BakerySwap's trading fees and vote in BakerySwap's governance process.
BakerySwap is a Binance Smart Chain-based decentralized automated market-making (AMM) technology (BSC). The BAKE coin is the platform's native BEP-20 governance token.
The Binance Smart Chain is where Bakery Swap is hosted. When compared to other pools, the BAKE-BNB pool is predicted to give 10 times the rewards. BakerySwap, a Binance Smart Chain-based AMM, provides liquidity pools for LINK, DOT, and other cryptocurrencies. It operates on the basis of initial liquidity pools. BakerySwap offers two types of liquidity pools: those that include BAKE incentives and those that do not. This is done to make it easier for the community to create additional liquidity pools.
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