BTSE is pleased to bring BakerySwap (BAKE) onto its platform, adding to the selection of quality digital assets available to its users:
BAKE is the native token of BakerySwap, an automated market maker (AMM), decentralized exchange(DEX), and marketplace for non-fungible tokens (NFTs) on the BNB Chain. BakerySwap was one of the first projects to build an AMM DEX on BNB. The AMM mechanism allows users to swap and exchange cryptocurrencies based on the provided liquidity, eliminating order books and third-party interference.
What can users do with BAKE tokens? BAKE incentives users to provide liquidity for its AMM system, in exchange for rewards. BAKE tokens can also be used for staking and purchasing NFTs on BakerySwap.
BAKE currently has a circulating supply of around 192 million tokens out of 277 million, and is trading at $0.21 as of October 13, 2022.
Trade BAKE here.
Deposit BAKE here.
Sign up for a BTSE account here.
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Note: BTSE Blog contents are intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.