BakeryToken update: BAKE Live price, price chart, news and markets

The BAKE price update as of now is $0.2590. In the previous 24 hours, its trading volume was $14,119,537, and its value has increased by 0.96%. As of now, BAKE's live market cap is $189,487,879, and it is ranked as the #288 on the Coincu. BAKE has a circulating supply of 731,535,870 and a maximum supply of 731,535,870.

What is BakeryToken?

BakeryToken is a cryptocurrency token that operates on the Binance Smart Chain (BSC) network. It is the native token of BakerySwap, a decentralized exchange (DEX) that utilizes the Automated Market Maker (AMM) protocol. BakeryToken stands out from other tokens by offering unique support for Non-Fungible Tokens (NFTs) on the BSC network.

BakerySwap specifically chose to build its platform on the BSC network due to its advantages such as lower costs, faster transactions, and avoidance of network congestion commonly experienced on Ethereum. Notably, BakeryToken is the first token to combine NFT functionality on BSC.

Distinctive Features of BakeryToken

BakeryToken Swap

BakeryToken operates on the AMM model, which means it does not rely on an Order Book to match buyers and sellers. Instead, users can exchange tokens through liquidity pools on BakerySwap.

For every transaction on BakerySwap, a 0.30% fee is charged. Out of this fee, 0.25% is transferred to Liquidity Providers, while the remaining 0.05% is converted into BakeryTokens and distributed as a reward to BakeryToken holders.

BakeryToken Liquidity Pools

Users have the option to provide liquidity to the Pools and become Liquidity Providers on BakerySwap. In return, they receive LP tokens that correspond to their share in the pool. These LP tokens can be converted back to the original token offered.

Currently, there are several liquidity pools available on BakerySwap where users can earn BakeryTokens:

• Bread: Stake BakeryTokens to earn BakeryTokens
• Doughnut: Stake BakeryToken-BNB BLP to earn BakeryTokens
• Waffle: Stake BakeryToken-BUSD BLP to earn BakeryTokens
• Rolls: Stake BUSD-BNB BLP to earn BakeryTokens
• Croissant: Stake BakeryToken-DOT BLP to earn BakeryTokens
• Latte: Stake USDT-BUSD BLP to earn BakeryTokens
• Toast: Stake ETH-BNB BLP to earn BakeryTokens
• Cake: Stake BTC-BNB BLP to earn BakeryTokens

BakeryToken NFT Marketplace

BakeryToken serves as a prominent NFT marketplace on the BSC network. To sell NFTs on BakeryToken, users need to upload the necessary information, including the artwork's name, the artist's name, the artist's portfolio or social media links, and a brief introduction to the work.

Users can upload NFT images in .png, .jpg, or .gif format, with a maximum size limit of 10 megabytes. Wallet connectivity is required for making payments.

BakeryToken Gallery

BakeryToken Gallery is a platform that showcases NFTs from top 3D artists. Some of the featured artists include SWOG, CoralCorp, CookieMunster, srnArtGallery, and Chiara Magni. Additionally, BakeryToken Gallery allows users to mine NFTs such as images, GIF files, videos, and audios.

BakeryToken Launchpad

BakeryToken Launchpad is a platform for hosting Initial DEX Offerings (IDOs) and shares similarities with Binance's Launchpad.

BakeryToken Gamification

BakeryToken offers various game products, including GameAce, MPB USM LAND, Bake Musk Mixer, Doggy Equipment, Matrix Plus Box, Poker BlindBox, Barking Shop, Crypto Doggy Shop, Rare Car Collection, Game Box, Soccer, and Combo meals.

BakeryToken Roadmap