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Cryptocurrencies > BakerySwap > What is BakerySwap


WHAT IS CRYPTOCURRENCY BAKERYSWAP (BAKE) AND HOW DOES IT WORK?

BakerySwap is an automated market maker and a marketplace for non-fungible
tokens hosted on the Binance Smart Chain. It is not the first decentralized
exchange in the decentralized finance sector, as there are other projects for
swapping tokens like SushiSwap and Uniswap. However, BakerySwap (BAKE) is the
first open-source automated market maker and DEX.
Interested in BakerySwap (BAKE), but not sure what it’s all about or where to
even begin? No worries. This guide is designed to teach you everything you need
to know about the project and get you ready to jump into the most user-friendly
trading experience available on the market.

Learn about BakerySwap
 * What is BakerySwap (BAKE)?
 * How Does BakerySwap Work?
   * Who Are the Founders of BakerySwap? (History of BakerySwap)
   * What Makes BakerySwap Unique?
   * What Gives BakerySwap Value?
   * How Many BakerySwap (BAKE) Coins Are There in Circulation?
   * Other Technical Data 
   * How is the BakerySwap Network Secured?
 * How to Use BakerySwap?
   * How to Choose a BakerySwap Wallet?
   * BakerySwap Staking
 * Conclusion
 * BakerySwap FAQ
   * Is BakerySwap a valuable investment?
   * How can I earn BAKE tokens?
   * How to buy BakerySwap?
   * How to sell BakerySwap?
   * BakerySwap Price?




WHAT IS BAKERYSWAP (BAKE)?

BakerySwap is the first AMM and DEX with an open-source and decentralized
structure based on blockchain technology. It combines NFT features with tools
available on DeFi platforms to enable users to swap tokens easily and promptly.

Unlike some other DEX platforms, BakerySwap doesn’t integrate order books into
the system, so the platform enables exchanging and swapping tokens against
liquidity pools instead of between sellers and buyers. In essence, BakerySwap is
hosted on the Binance Smart Chain as a decentralized application with a specific
utility. BakerySwap also hosts a launchpad and an NFT marketplace where users
can easily buy and sell non-fungible tokens. 

BAKE is the platform’s BEP-20 governance token, which means it’s supported by
BSC. BAKE is used in the reward system to incentivize liquidity providers and is
the main payment method on the protocol for buying NFTs.


HOW DOES BAKERYSWAP WORK?

BakerySwap can be compared with Uniswap, another well-known protocol for token
swaps. While Uniswap is hosted on the Ethereum blockchain, BakerySwap works as a
decentralized application for AMM and DEX operations on the Binance Smart Chain.

BakerySwap removes the middleman from the equation of swapping and instead uses
an AMM model where users can exchange their tokens through smart contracts.
Since there are no order books in the system, there are no third-party
interferences. The liquidity pools are an integral part of the system as users
can swap and exchange tokens based on the provided liquidity. Liquidity pools
are supported by network participants on the BakerySwap platform.

Users who are liquidity providers can deposit their token balances into
appropriate liquidity pools to support the DEX and AMM system in exchange for
rewards. Traders who swap their tokens have to pay trading fees and these fees
are distributed to liquidity providers to incentivize participation.

BakerySwap has an array of financial services, which includes token swaps and
exchanges, farming, liquidity pools, wallet integration, launchpad, and
liquidity addition.



BAKERYSWAP CALCULATOR

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€

BAKE
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WHO ARE THE FOUNDERS OF BAKERYSWAP? (HISTORY OF BAKERYSWAP)

BakerySwap was founded in 2020, representing a relatively new project, and was
created as a fork of Uniswap, like SushiSwap before it. The project was created
and developed by a team of anonymous developers who see a bright future in the
decentralized autonomous organization model.

The BakerySwap team, aside from enjoying anonymity, is also against initial coin
offerings, token pre-sales, and reservations of tokens for the dev team. That is
why the team has no share in the existing total supply of BAKE. The team
receives 1% of all BAKE tokens that are farmed within the farming feature. Based
on that, the dev team receives 1 BAKE token for every 100 BAKE tokens farmed.


WHAT MAKES BAKERYSWAP UNIQUE?

Perhaps “unique” wouldn’t go well with the word “fork” in the world of
blockchain, but BakerySwap makes a unique addition to the DeFi market thanks to
its features. BakerySwap creates a synthesis of some of the most popular
services and features in decentralized finance, which makes it a unique project.

Another element that makes BakerySwap innovative is the combination of the AMM
and DEX models. Users can swap tokens with smart contracts instead of using
order books, which is how the swapping process is further decentralized without
a middleman. BakerySwap is the first project of its kind to be hosted on the
Binance Smart Chain, and also one of only a few DeFi projects that offer
liquidity pools for altcoins.


WHAT GIVES BAKERYSWAP VALUE?

BakerySwap draws its value from its utility, technical capacity, technology, and
mainstream use. The rate of usage can be determined based on the number of
active users on the platform as well as trading volumes that show buying and
selling activity.

The market price of BAKE often doesn’t match its intrinsic value, which is
determined based on the technology used for the project, the activity of the dev
team, technical capacity, and use cases. The cryptocurrency market is more
volatile than traditional financial markets, which is why the price of BAKE can
change radically from one moment to the next. The value of BakerySwap is also
affected by positive news and events like partnerships, mergers, updates and
upgrades, general roadmap developments, and other important occasions.


HOW MANY BAKERYSWAP (BAKE) COINS ARE THERE IN CIRCULATION?

There are currently 288,705,170 BAKE in circulation out of a total of
277,237,400 BAKE BAKE. BakerySwap, like Bitcoin and many other cryptos, has a
limited total supply of BAKE tokens. The finite total supply acts as an
anti-inflation mechanism and means that BAKE could be a good store of value in
the long term.

Tokens are released according to a tapering emission schedule over a period of
about 24 years. As BAKE is a governance token, its holders could potentially
vote to alter the release schedule. The number of BAKE coins in circulation
multiplied by the live price of BakerySwap equals the market cap. The market cap
determines the rank of BAKE in comparison with its crypto peers and also defines
its market share.


OTHER TECHNICAL DATA 

BakerySwap has numerous features that match some of the most popular services in
the DeFi sector. These features include DEX, AMM, NFT marketplace, farming,
staking BAKE for NFTs, liquidity pools and liquidity addition, and wallet
integration. Aside from the BAKE token, the network also has Bakery liquidity
provider tokens which are specifically used for rewarding liquidity providers.
BLP tokens can then be staked or exchanged for BAKE.

Users can exchange altcoins, BEP-20 tokens, BNB, and more through the use of
liquidity pools that are hosted on BSC smart contracts. Farming is performed
through staking BAKE to earn more BAKE tokens. Users can store BAKE and BLP in
liquidity pools to create more liquidity for DEX operations, while the two types
of liquidity pools differ in rewards.




BAKERYSWAP BAKE

0.09050803 EUR0.41 %

Buy


BITCOIN BTC

24295.00 EUR0.68 %

Buy


ETHEREUM ETH

1589.74 EUR1.00 %

Buy


XRP XRP

0.44799000 EUR2.51 %

Buy




HOW IS THE BAKERYSWAP NETWORK SECURED?

The BakerySwap network is a decentralized application hosted on the Binance
Smart Chain, which means that the protocol is secured through the consensus
mechanism that BSC uses. Binance Smart Chain makes a great solution for DeFi
projects thanks to the clever use of Proof of Staked Authority.

PoSA is a protocol that can be used in blockchain-based infrastructures for
increased efficiency and fast execution of operations, much like Proof of Stake.
However, instead of staking monetary value, PoSA, also known as PoA, uses the
validator’s identity as a stake. 


HOW TO USE BAKERYSWAP?

BakerySwap can be used for exchanging and swapping tokens, while the protocol
represents a combination of DEX and AMM markets with the NFT supermarket. Users
can exchange their tokens promptly, with low fees and fast execution. All swaps
are performed through liquidity pools.

Users can stake BAKE to earn rewards, use it to buy NFTs, and earn BLP for their
participation in farming. Users can also use BakerySwap to provide liquidity to
pools and earn incentives based on their token shares.


HOW TO CHOOSE A BAKERYSWAP WALLET?

If you want to use the BakerySwap platform you will need to connect a wallet and
the ones it supports are Binance Chain Wallet, MetaMask, and WalletConnect.

If you just want to store BAKE you will need a wallet that supports BEP-20
tokens and the type you choose will likely depend on what you want to use it for
and how much you need to store.

Hardware wallets or cold wallets like Ledger or Trezor provide the most secure
option for storing cryptocurrencies with offline storage and backup. However,
they can require more technical knowledge and are a more expensive option. As
such, they may be better suited to storing larger amounts of BAKE for more
experienced users.

Software wallets provide another option and are free and easy to use. They are
available to download as smartphone or desktop apps and can be custodial or
non-custodial. With custodial wallets, the private keys are managed and backed
up on your behalf by the service provider. Non-custodial wallets make use of
secure elements on your device to store the private keys. While convenient, they
are seen as less secure than hardware wallets and may be better suited to
smaller amounts of BAKE or more novice users.

Online wallets or web wallets are also free and easy to use, and accessible from
multiple devices using a web browser. They are, however, considered hot wallets
and can be less secure than hardware or software alternatives. As you are likely
trusting the platform to manage your BAKE, you should select a reputable service
with a track record in security and custody. As such, they are most suited for
holding smaller amounts of cryptocurrencies or for those making more frequent
trades.

Kriptomat offers a secure storage solution, allowing you to both store and trade
your BAKE tokens without hassle. Storing your BAKE with Kriptomat provides you
with enterprise-grade security and user-friendly functionality.

Buying and selling BAKE, or trading it for any other cryptocurrency, is done in
mere moments when you choose our secure platform as your storage solution.



BakerySwap bake
0.09050803 € 0.41%
Get latest price





BAKERYSWAP STAKING

As already established, the BakerySwap platform is on BSC and so secured by
Proof of Staked Authority. Both BAKE and BLP can be staked on BakerySwap in
order to earn rewards in BAKE.


CONCLUSION

BakerySwap taps into the potential and the rising popularity of NFTs and the
DeFi sector. As NFTs and DeFi services become more widely used, BakerySwap could
become an integral part of the DeFi market with valuable features that are
relevant to the sector.

BakerySwap adopts the AMM model and operates as a DEX, enabling users to
exchange a great number of BEP-20 tokens, BNB, and altcoins at low fees and
instant execution without any middlemen. As BakerySwap also hosts the NFT
supermarket, users can buy non-fungible tokens, which are also experiencing
wider adoption.

Join the crypto revolution and start your BakerySwap journey today!


BAKERYSWAP FAQ


IS BAKERYSWAP A VALUABLE INVESTMENT?

BakerySwap could make a valuable investment for investors who believe in the
potential of decentralized finance and non-fungible tokens. BakerySwap taps into
the potential of NFTs and DeFi, so it may follow the overall expansion of these
sectors.


HOW CAN I EARN BAKE TOKENS?

You can earn BAKE and BLP tokens by staking, adding liquidity to pools, and
farming. You can spend or store your BAKE tokens, or sell them on a crypto
exchange that supports BAKE trading, such as Kriptomat. 


HOW TO BUY BAKERYSWAP?

Buying BAKE is as easy as visiting Kriptomat’s how to buy BakerySwap page and
choosing your preferred method of payment.


HOW TO SELL BAKERYSWAP?

If you already own BAKE and hold it in a Kriptomat exchange wallet, you can
easily sell it by navigating the interface and choosing your desired payment
option.


BAKERYSWAP PRICE?

BakerySwap price is subject to frequent changes and is in constant flux due to
the volatility in the cryptocurrency market. BAKE price can change dramatically
within a short period to match the volatility and respond to the effects of
various factors that may influence the market price of BakerySwap.

As well as traditional factors such as market sentiment, the flow of assets on
exchanges, and the economy in general, the price of BAKE can also be affected by
demand for staking rewards and the number of BakerySwap users.

The current BakerySwap price is 0.09050803 €.

The 24-hour trading volume of BAKE is 2,139,257 €. BAKE is currently ranked #536
of all cryptocurrencies by total market cap, with a market cap of 26,234,990 €.
It has a circulating supply of 288,705,170 and a max supply of 277,237,400 BAKE.

Register now to begin your journey into the world of BakerySwap and
cryptocurrencies with Kriptomat!



Register





If you’re experiencing any issues or have any questions at all, please don’t
hesitate to reach our Customer Support Team. We’re always here to help!





How To Buy BakerySwap on Kriptomat?
BakerySwap Price
Price details
0.09050803€
0.00037108€0.41%
Buy BakerySwap

BAKERYSWAP SUPPLY

Circulating Supply 288,705,170 bake
Total Supply 277,237,400 BAKE
Max Supply 277,237,400 BAKE

BAKERYSWAP MARKET DATA

Trading volume 2,139,257 €
Market dominance NO DATA
Market rank #536

BAKERYSWAP MARKET CAP

Market cap 26,234,990 €
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What is BakerySwap (BAKE)?
How Does BakerySwap Work?
Who Are the Founders of BakerySwap? (History of BakerySwap)
What Makes BakerySwap Unique?
What Gives BakerySwap Value?
How Many BakerySwap (BAKE) Coins Are There in Circulation?
Other Technical Data 
How is the BakerySwap Network Secured?
How to Use BakerySwap?
How to Choose a BakerySwap Wallet?
BakerySwap Staking
Conclusion
BakerySwap FAQ
Is BakerySwap a valuable investment?
How can I earn BAKE tokens?
How to buy BakerySwap?
How to sell BakerySwap?
BakerySwap Price?
BakerySwap Price
Price details
0.09050803€
0.00037108€0.41%
Buy BakerySwap


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