#bake
ReadBeforeYouInvest
What is BakeryToken?
BakeryToken (BAKE) is the native governance token of BakerySwap, a decentralized exchange (DEX) and non-fungible token (NFT) marketplace built on the Binance Smart Chain. BAKE is used to incentivize liquidity providers, facilitate protocol voting, and enable the purchase and sale of NFTs within the platform. It is a BEP-20 token with a limited total supply, which can be earned through liquidity provision, farming, or purchased on various exchanges.
How is BakeryToken used?
BakeryToken (BAKE) is the native token of the BakerySwap platform, which is a decentralized exchange (DEX) built on the Binance Smart Chain. BAKE is used in various ways within the platform:
Liquidity Provision: 100% of BAKE is used to reward liquidity providers who contribute to the platform's liquidity pools. This incentivizes users to provide liquidity, ensuring the platform's functionality and stability.
Governance: BAKE holders have voting powers in the platform's governance system, allowing them to participate in decision-making processes that shape the future of BakerySwap.
Trading Fees: A portion of the trading fees on BakerySwap goes to BAKE holders, providing them with a passive income stream.
Staking: Users can stake BAKE to earn additional BAKE tokens, further increasing their rewards and governance influence.
NFT Marketplace: BAKE can be used to purchase and trade non-fungible tokens (NFTs) on the BakerySwap NFT Marketplace.
Launchpad and Gamification Events: BAKE is used to participate in launchpad events and gamification activities, which offer additional opportunities for users to engage with the platform and earn rewards.
Overall, BAKE plays a central role in the BakerySwap ecosystem, facilitating liquidity provision, governance, and various other activities that drive the platform's growth and adoption.
