BakeryToken company info

What does BakeryToken do?
BakeryToken (CRYPTO:BAKE) is the native BEP-20 governance token of the BakerySwap decentralized automated market-making (AMM) protocol, rewarding liquidity providers and enabling governance participation. Operated by the BakerySwap team in Singapore, they aim to create a user-friendly and decentralized DeFi platform on the Binance Smart Chain (BSC). BakerySwap is a notable BSC AMM protocol, offering services like token swapping, liquidity mining, yield farming, and NFT trading. Ongoing projects include the BakerySwap DEX, known for its affordability and speed, BakerySwap Liquidity Mining, rewarding liquidity providers, BakerySwap Yield Farming for attractive returns, and the development of a BakerySwap NFT Marketplace on the BSC. The key objectives of the BakeryToken project are to establish a decentralized, user-friendly DeFi platform, encourage participation from liquidity providers and users, and cultivate a community-driven ecosystem to drive BakerySwap's growth and adoption.
BakeryToken company media
Company Snapshot

How many people does BakeryToken employ?

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Employees
10-20

What is the market cap for BakeryToken?

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Market Cap
$81.83M

Where is the head office for BakeryToken?

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Head Office
Singapore

What year was BakeryToken founded?

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Year Founded
2020
What does BakeryToken specialise in?
/AMM /Binance Chain /Collectibles & NFTs /DeFi /DEX /Gaming

What are the products and/or services of BakeryToken?

Overview of BakeryToken offerings
Decentralized exchange (DEX): BAKE holders can use BAKE to trade tokens on the BakerySwap DEX, which is known for its low fees and fast transaction times.
Discounts and rewards: BAKE holders can receive discounts and rewards on various products and services offered by BakerySwap and its partners. This includes discounts on trading fees, yield farming rewards, and NFT marketplace fees.
Governance: BAKE holders can vote on governance proposals to help shape the future of the BakerySwap platform. This gives BAKE holders a direct say in how the platform is developed and managed.
Liquidity mining: BAKE holders can provide liquidity to the BakerySwap DEX to earn BAKE tokens. This helps to improve the liquidity of the DEX and makes it easier for users to trade tokens.
NFT marketplace: BAKE holders can use BAKE to buy, sell, and trade NFTs on the BakerySwap NFT marketplace. This marketplace is still under development, but it has the potential to become a major NFT marketplace on the Binance Smart Chain (BSC).
Yield farming: BAKE holders can stake BAKE tokens and other cryptocurrencies to earn high returns on their investments. This is a popular way to generate passive income from cryptocurrencies.