Bake
Name
Bake
Summary
-Bakerytoken is part of the bakerySwap ecosystem. -It was founded in 2020 by a group of anonymous individuals. -Bakeryswap is a decentralized market making protocol that is based on Binance Smart Chain (BSC)
Rating
Symbol
BAKE
Overview
BakerySwap is just another fork of Uniswap. It seems to be a Defi clone which has adopted a similar token farming and distribution model as its predecessors. It runs on the Binance Smart Chain, which enables the BAKE-BNB pool to possibly provide ten times the rewards as compared to other tools
It offers liquidity pools to various altcoins. Bakery swap is able to work through initial liquidity pools. BakerySwap has two types of liquidity pools for BAKE, one that provides BAKE rewards and another one that does not do so.
Historical Price Movement (in INR)
Technology
The bakery token uses various programming languages such Java, C#, C++m, since it is based on the Binance smart chain. The staking mechanism employed here is Proof of Stake ( PoS).
The bakery token is secured through real time security monitors and intelligence systems.
Use of Native tokens in the ecosystem: Bake token is the native BEP 20 governance token of the platform. Bake tokens are awarded to liquidity providers on the Bakeryswap platform. These tokens can be further utilized to earn a share from the trading fees as well as for the voting rights in BakerySwap’s governance processes.
Token Allocation
There is no Pre-mine or pre-sale, only 1% of all the newly minted bake gets distributed back into supply.There is no substantial tokenomic data available for BAKE
Volume ( as of 11th april 2022)
$68,457,708
Total Supply
289,770,788 BAKE
Circulating Supply
193,529,484.58 BAKE
Crowd Sales
N.A
Funding
N.A
Country
N.A
Name of Organisation
N.A
Year Incorporated
2020
Registered Address
N.A
Dispute Resolution and Governing Law
N.A
Country Risk Assessment
N.A
Founding Team
| Name | Designation | Education | Experience |
