All-in-one DeFi platform with AMM and NFT Marketplace
What is BakeryToken?
Bakery Swap is a decentralised exchange (DEX) that runs on the Binance Smart Chain. It is an automated market maker (AMM) that is based on mathematical formula to price the assets instead of the traditional order books. Bakery Swap prefers BSC over Ethereum due to its lower gas fees when swapping assets on-chain. Aside from swapping crypto assets through AMM, Bakery Swap provides staking pool, voting, NFT combo and combo staking, NFT supermarket and bakery launchpad.
BAKE is the token that will be used to reward liquidity providers in Bakery Swap. For all swaps and trades on Bakery Swap, there will be a small fees. A portion of those fees will go to liquidity providers, and some of those fees will be converted to BAKE and rewarded to BAKE holders. BAKE is also used for governance, where BAKE holders have rights to vote for future proposals. There is an initial supply of 731,745,000, with burning mechanisms to make the token deflationary.