What is BakerySwap? All information about the project and BAKE coin

• Overview of BakerySwap
• What is BakerySwap?
• Outstanding features of the project
• Project development roadmap
• Developers and investors
• General information about BAKE coin
• What is BAKE coin?
• What is BAKE coin used for?
• BAKE coin allocation
• BAKE Coin Exchange
• BAKE coin storage wallet
• How to earn and own BAKE coin (Farm BAKE)
• BAKE coin price prediction in 2022
• Should I invest in BAKE coin or not?
• summary

Before the crash in May 2021, BakerySwap increased the reward by 80 times to $8 and now it's $3. So why does BakerySwap have such strong growth? What makes this project so successful in conquering customers?

Overview of BakerySwap

What is BakerySwap?

BakerySwap is a project built on top of AMM DEX and NFT that aims to price tokens using smart algorithms. BakerySwap provides users with an extremely intelligent decentralized marketplace platform that automates BSC. Simply put, this is a decentralized project with the goal of providing an easy and convenient transaction experience based on the AMM mechanism . 

AMM DEX applies token pricing algorithms at the moment when users trade BAKE coins on decentralized exchanges. Besides, because NFT is a special token that is unique and irreplaceable, it ensures high liquidity. 

It can be said that the project has huge benefits for Binance and crypto market enthusiasts, it has the ability to inform about the price difference of tokens being listed on the Binance DEX. In addition, the project also helps developers to scale Ethereum and minimize the costs incurred.

Outstanding features of the project

BakerySwap is receiving great attention today in part because of its extremely unique features. Some of the features include:

• Trade: With the ability to convert transactions and provide a huge amount of liquidity, this is considered the most outstanding feature of the project today. The cost is only 0.3% per transaction (0.25% for the LP provider, the rest is converted into BAKE and donated to the owner).
• Earning: This is a form of making money through Yield Farming . The project's pools support users to farm tokens such as TKO-BNB, AUTO-BNB...
• NFT Marketplace: The NFT trading market.
• Bakery Gallery: This is a new feature that was updated last year, this feature allows users to buy and sell 3D NFTs and connect with famous global artists.
• Gamification: This is a Game Box corresponding to a package of famous NFT game tokens on the Binance Smart Chain app. Customers can get Game Box by burning 0.25 SOCCER. The reward for them will be 1500 TLM + 20 ALICE + 20 PET with tokens.
• Launchpad: This is a feature that is used by the same application as the launchpad of Binance. 
• ETH 2.0: This feature supports users staking ETH for profit. BakerySwap ETH app to be able to enhance the converter to ETH 2.0 version.

Project development roadmap

• Completion: The project has constructed and built a new system with many features such as AMM, Staking Pool, Voting, Launchpad and Bakery NFT Suite.
• In Development: The platform is working on implementing several Game Boxes, NFT Aggregator, and advanced data analytics systems.
• Future: Continue to develop more deals and improve defects.

Developers and investors 

Up to now, the information about the project's investors has not been revealed much. It is known that the members of the development team are operating anonymously.

Currently, the main and largest investor of the project is Binance Smart Chain with a total investment of up to 100 million USD.

General information about BAKE coin

What is BAKE coin?

BAKE is the official token of the project. The way this token works is similar to Uniswap but has the advantage of lower cost and extremely fast. This token is stored on Binance Smart Chain, so it can be said that it brings users a lot of benefits. 

Some basic information of BAKE coin:

• Code: BAKE
• Standard: BEP-20
• Blockchain: Binance Smart Chain
• Total Supply: 135,503,345 BAKE
• Circulating Supply: 139,925,656 BAKE

What is BAKE coin used for?

• BAKE coins are used for staking and farming for additional rewards.

• Provide huge amount of liquidity for the project.
• Vote vote.
• Readers can also use this token to trade NFTs.

BAKE coin allocation

The project does not have a pre-sale and the reserve token for the foundation team will be a rather meager amount of tokens. With a total supply of up to 135,503,345 BAKE, this token is currently being distributed as follows:

• Development team: 1%
• Pools in the system:

Pool 1: BAKE-BNB, 10x BAKE.

Pool 2: BUSD-BNB, 3x BAKE.

Pool 3: ETH-BNB, 1x BAKE.

Pool 4: BTC-BNB, 1x BAKE.

Pool 5: DOT-BNB, 1x BAKE.

Pool 6: LINK-BNB, 1x BAKE.

BAKE Coin Exchange

Currently, BAKE coin is available on many different large and small exchanges, readers can search for this token on some major exchanges such as Binance, Gate.io, KuCoin… Currently, Binance is considered the most ideal exchange. to trade this token.

BAKE coin storage wallet

Like Bitcoin, you also need to use an e-wallet to store BAKE coins. As of now, TraderH4 readers can store this token on the most popular wallets, MetaMask and Trust Wallet.

How to earn and own BAKE coin (Farm BAKE)

This is probably the issue that TraderH4 readers are most interested in today. To be able to make more profit from investing this token, please follow these steps:

Step 1: Connect the BSC

Readers need to visit the project website and connect to Binance Smart Chain via the MetaMask wallet.

Step 2: Buy BNB

After successfully accessing BSC, readers can conduct transactions such as transferring money to MetaMask wallet using BAKE coin. Readers should pay attention to choose the correct BEP-20 standard to be able to conduct transactions. Then, check if the BNB you just bought has been updated in the wallet by the system.

Step 3: Convert BNB

After checking that there is BNB in ​​the wallet, then proceed to choose a trading pair. Click on the swap order to initiate a new trade. Readers can also exchange BNB for DOT or BTC, where each swap pair has a different value.

Step 4: Pay with BAKE coin

Click on the box to select the amount of BAKE coin to use, then select the order provided to conduct the transaction.

Step 5: Bet BLP

Because this coin is applied according to the bonus mechanism, readers need to bet BLP with the command “Farm BAKE” to receive the reward. Each type will have a different deposit amount, so readers need to pay attention to choose the correct transaction currency, then select approval to bet.

After completing all the above steps, just wait for the system to work and receive the reward.

BAKE coin price prediction in 2022

Currently the value of BAKE coin is 1.77 USD. According to expert analysis, a 4.2/10 investment is a safe investment. In the crypto market, BAKE coin is a ripple asset, so in 2022 this token could reach its peak. According to some predictions, the price of this token in 2022, 2023, 2024, 2025 will be 5.03 USD, 5.88 USD, 6.31 USD and 7.17 USD respectively. This is quite an impressive number.

Should I invest in BAKE coin or not?

It can be said that this is a development token at the moment and BakerySwap is also a potential project. However, TraderH4 will not advise you to invest in this project because for those who do not have much knowledge, this is still a market with many risks. Readers, please consider carefully.

summary

Thus, the article has provided you with the answer what is BakerySwap and important information about the project and BAKE coin. Hope you have grasped the knowledge about BAKE coin and thereby help you to have an orientation on whether to invest in BAKE coin or not. Good luck.

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