{"id":14820,"date":"2022-04-16T21:07:35","date_gmt":"2022-04-16T15:37:35","guid":{"rendered":"https:\/\/zebpay.com\/?p=14820"},"modified":"2022-04-16T21:07:35","modified_gmt":"2022-04-16T15:37:35","slug":"all-you-need-to-know-about-bake-token","status":"publish","type":"post","link":"https:\/\/zebpay.com\/au\/blog\/all-you-need-to-know-about-bake-token","title":{"rendered":"All You Need to Know About BAKE Token"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zebpay.com\/au\/blog\/all-you-need-to-know-about-bake-token\/#What_is_BakerySwap\" title=\"What is BakerySwap?\">What is BakerySwap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zebpay.com\/au\/blog\/all-you-need-to-know-about-bake-token\/#How_does_the_AMM_model_benefit_BakerySwap\" title=\"How does the AMM model benefit BakerySwap?&nbsp;\">How does the AMM model benefit BakerySwap?&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/zebpay.com\/au\/blog\/all-you-need-to-know-about-bake-token\/#Beyond_functionality_%E2%80%93_unique_features_of_BakerySwap\" title=\"Beyond functionality &#8211; unique features of BakerySwap\">Beyond functionality &#8211; unique features of BakerySwap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/zebpay.com\/au\/blog\/all-you-need-to-know-about-bake-token\/#NFT_marketplace\" title=\"NFT marketplace\">NFT marketplace<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/zebpay.com\/au\/blog\/all-you-need-to-know-about-bake-token\/#Bakery_Gallery\" title=\"Bakery Gallery\">Bakery Gallery<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/zebpay.com\/au\/blog\/all-you-need-to-know-about-bake-token\/#Launchpad\" title=\"Launchpad&nbsp;\">Launchpad&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/zebpay.com\/au\/blog\/all-you-need-to-know-about-bake-token\/#Combo_Pool_and_game_pools\" title=\"Combo Pool and game pools\">Combo Pool and game pools<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/zebpay.com\/au\/blog\/all-you-need-to-know-about-bake-token\/#BAKE_%E2%80%93_the_token\" title=\"BAKE &#8211; the token&nbsp;\">BAKE &#8211; the token&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/zebpay.com\/au\/blog\/all-you-need-to-know-about-bake-token\/#Takeaway\" title=\"Takeaway\">Takeaway<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>BakerySwap is a food-based blockchain project that runs on a reasonably straightforward theme &#8211; users invest and provide liquidity for the project and earn tokens. Simple it might be, it is still an idea that works well. BakerySwap, and its token BAKE, come with a host of unique features!<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-what-is-bakeryswap\"><span class=\"ez-toc-section\" id=\"What_is_BakerySwap\"><\/span><strong>What is BakerySwap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Built on the Binance Smart Chain (BSC), BakerySwap is a unique decentralised exchange (DEX) that adopts the automated market maker (AMM) model. By choosing BSC instead of the Ethereum Blockchain, BakerySwap lowered the gas fees considerably while maintaining fast transaction speeds.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-how-does-the-amm-model-benefit-bakeryswap\"><span class=\"ez-toc-section\" id=\"How_does_the_AMM_model_benefit_BakerySwap\"><\/span><strong>How does the AMM model benefit BakerySwap?&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The AMM model\u2019s primary objective is to connect users on the DEX to exchange cryptos without an intermediary.<\/p>\n\n\n\n<p>BakerySwap uses the AMM model to create liquidity pools for seamless transactions on the platform. In exchange for providing liquidity, users are rewarded BAKE tokens and they earn a share of the trading fees, which can, in turn, be used to vote on the governance of BakerySwap.<\/p>\n\n\n\n<p>BakerySwap is also the first-ever AMM on the Binance Smart Chain to offer liquidity pools inclusive of altcoins, thus, covering a more significant market share and user base.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-beyond-functionality-unique-features-of-bakeryswap\"><span class=\"ez-toc-section\" id=\"Beyond_functionality_%E2%80%93_unique_features_of_BakerySwap\"><\/span><strong>Beyond functionality &#8211; unique features of BakerySwap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-nft-marketplace\"><span class=\"ez-toc-section\" id=\"NFT_marketplace\"><\/span><strong>NFT marketplace<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>BakerySwap has its own NFT marketplace that features unique artists. It\u2019s one of BSC\u2019s most popular marketplaces. It costs <a href=\"https:\/\/zebpay.com\/in\/buy-bnb\/\">0.01 BNB (around Rs 295)<\/a> to mint an NFT on BakerySwap. Uploading your artwork on BakerySwap is extremely easy. All you have to do is upload some details of your artwork like the type of art, name, artist information, social media link, and the artwork in .png, .jpg, or .gif format and connect your wallet for the payment.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-bakery-gallery\"><span class=\"ez-toc-section\" id=\"Bakery_Gallery\"><\/span><strong>Bakery Gallery<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Similarly, the Bakery Gallery is a curated NFT platform featuring top emerging artists in the community.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-launchpad\"><span class=\"ez-toc-section\" id=\"Launchpad\"><\/span><strong>Launchpad&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>BakerySwap Launchpad hosts Initial Dex Offerings (IDOs), which is a decentralised crowdfunding platform that does not require permissions. The first IDO was for Battle Pets, a game where players could breed, exchange, and battle NFT pets.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-combo-pool-and-game-pools\"><span class=\"ez-toc-section\" id=\"Combo_Pool_and_game_pools\"><\/span><strong>Combo Pool and game pools<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>A gamified version of minting special meals is called the NFT Combos, where you lock up BAKE tokens. You can create NFT Combos based on the BAKE tokens you commit, which gives you staking power.<\/p>\n\n\n\n<p>Other gamified products of BakerySwap also include BSC Game Box, Poker BlindBox, and Soccer. The BSC Game Box has top NFT game tokens on BSC that are available as a package. PokerBlindBox gives Poker Card NFTs that can be used to farm BAKE tokens for trading on the NFT Marketplace. The Soccer NFT is for limited edition soccer balls that can be redeemed for real soccer balls later.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-bake-the-token\"><span class=\"ez-toc-section\" id=\"BAKE_%E2%80%93_the_token\"><\/span><strong>BAKE &#8211; the token&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Here are some quick facts about BakerySwap\u2019s token, BAKE.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>It was launched in September 2020.<\/li><li>You can earn a BAKE token as a reward for providing liquidity.<\/li><li>Owning BAKE gives you voting rights for BakerySwap\u2019s governance through the BEP-20 governance token.<\/li><li>The BAKE-BNB liquidity pool can provide individuals with the highest rewards since BakerySwap operates in the Binance Smart Chain. The rewards on the BAKE-BNB liquidity poll are said to be 10 times the investment.<\/li><li>There are 277 million BAKE tokens of which around 190 million tokens are currently in circulation.<\/li><li>The token network has a good level of security around it.<\/li><li>There is no premise or presale for BAKE tokens to ensure fair distribution for all.<\/li><li>The BakerySwap team will get only 1% of the BAKE tokens farmed.<\/li><li>The transaction fee is as low as 0.3%, of which 0.25% is for liquidity providers and the rest is converted to BAKE tokens and distributed to users as rewards.<\/li><li>The highest volume of BAKE tokens was traded between April and May 2021.<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Takeaway\"><\/span><strong>Takeaway<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The value of a crypto asset is usually derived from factors such as supply and demand, availability on exchanges, competition, governance, and regulations. BakerySwap has managed to pull the right stops to create an all-around decentralised exchange platform with unique features and a unique theme.&nbsp;<\/p>\n\n\n\n<p>BakerySwap offers many ways for users to earn money through the platforms &#8211; AMM and liquidity pools, IDO, and even NFTs. Strategically planning your investment could yield good returns from crypto assets.&nbsp;+55<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BakerySwap is a food-based blockchain project that runs on a reasonably straightforward theme &#8211; users invest and provide liquidity for the project and earn tokens. Simple it might be, it is still an idea that works well. BakerySwap, and its token BAKE, come with a host of unique features! What is BakerySwap? Built on the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14821,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-14820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/posts\/14820","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/comments?post=14820"}],"version-history":[{"count":0,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/posts\/14820\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/media\/14821"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/media?parent=14820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/categories?post=14820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/tags?post=14820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}