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BakerySwap

BakerySwap BAKE Price $ 0.396

Rank: 367

641 Watchlists

DeFi

BAKE Price

0.396
2.23%
($ 0.00864)
Price Range
LowHigh
$ 0.373$ 0.409

General Info

Contracts/Explorers:

Explorers

Tags (Sub-Categories):

#Token

Description

BakerySwap is an AMM Dex on the Binance Smart Chain.

BakerySwap (BAKE) Chart

The BakerySwap to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

BAKE to USD Converter

BakerySwap (BAKE)BAKE

BAKE Price Statistics

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Market Cap

$ 114.38M

FDMC

$ 114.38M

ATH Market Cap

$ 1.22B

24 Trade Vol.

$ 52.06M


Vol. (24h) / MCap

0.455

Max Supply

BAKE 288,705,258

Total Supply

BAKE 288,705,258

Circulating Supply

BAKE 288.71M

(100% of Max Supply)

Listing Date

24 Sep 2020

All Time High

$ 8.42

2 May 2021


All Time Low

$ 0.0085

9 Nov 2020


From ATH

95.3%

From ATL

4,559%

BakerySwap Price Analysis

What is BakerySwap (BAKE)?

The BakerySwap DeFi protocol operates on the Binance Smart Chain and functions as a decentralized exchange (DEX) that uses an automated market maker (AMM) model. The core product is the BakerySwap exchange, however, the platform also hosts an NFT marketplace, as well as distinctive ways for which to earn.

In essence, the platform functions as a hybrid all-in-one platform offering yield farming and staking opportunities, a launchpad, and NFT opportunities. It is one of the first AMMs to be built on the Binance Smart Chain and seeks to leverage the network's lower fees and faster transaction speed than alternative Blockchains such as Ethereum. BAKE is the platform’s native currency that can be used across these various services offered by BakerySwap.

What are BakerySwap’s key features and how does it work?

BakerySwap works in a similar manner to other AMMs, for example, UniSwap which is operating on Ethereum. AMMs leverage smart contract technology in order to facilitate token swaps without the need for a middleman. Essentially, traders trade against a liquidity pool without the use of order books. All token pairs on BakerySwap use Binance’s native BNB as a base asset.

BakerySwap’s pools work by users providing liquidity to any of the various BakerySwap liquidity pools. As previously mentioned the platform offers multiple ways to earn, and providing liquidity is one of them. Liquidity providers will earn trading fees in the form of BakerySwap liquidity pool (BLP) tokens. BLPs are distributed proportionally to the amount of liquidity provided. 

BLP can then be staked to further increase potential rewards, in the form of BAKE, or converted into the same token the original liquidity was supplied in. The ROI also depends on which liquidity pool has been deposited into. Each liquidity pool has a different token pairing, for example, in the Bread liquidity pool users can stake BAKE in order to earn more BAKE, and in Doughnut users can stake BAKE-BNB BLP in order to earn BAKE.

Users can also stake BAKE in order to earn NFTs. Any NFT earnt can then be sold on BakerySwap’s NFT supermarket. The NFT Supermarket offers a diverse collection of NFTs that can be traded, bought, or sold. To support the NFT Supermarket, the platform also features an NFT gallery called Bakery Gallery. Bakery Gallery features a curated list of NFTs and feature artists. NFTs can be bought with BAKE.

What makes BakerySwap noteworthy?

In addition to the services mentioned above, BakerySwap has also developed its own crypto launchpad which allows projects to host IDOs on the platform. Anyone can take part in an IDO hosted on the platform by holding a certain amount of BAKE. It is worth noting, however, that launchpad tokens themselves can be purchased using Binance Stablecoin (BUSD).

Where can you buy BAKE?

BAKE is available to buy from the CEXs and DEXs as listed here. Some of the popular options include Binance, KuCoin, and Gate.io. The price of BAKE varies depending on the exchange and current market interest. For further BAKE price data please refer to the price charts on this page.

BakerySwap Price Today

BakerySwap's current price is $ 0.396, it has increased +2.23% over the past 24 hours.

BakerySwap's All Time High (ATH) of $ 8.42 was reached on 2 May 2021, and is currently -95.3% down.

The current circulating supply of BakerySwap is 288.71 Million tokens, and the maximum supply of BakerySwap is 288.71 Million.

BakerySwap’s 24 hour trading volume is $ 52.06 Million.

BakerySwap's current share of the entire cryptocurrency market is 0.01%, with a market capitalization of $ 114.38 Million.

You can find more details about BakerySwap on its official website and on the block explorer.

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