What is BakerySwap?
BakerySwap is a decentralized automated market-making (AMM) protocol on Binance Smart Chain(BSC) and the 1st NFT trading platform on BSC - 'Bakery NFT Supermarket'. BakerySwap is the next iteration of Uniswap. It aims to be a faster, cheaper, and tastier version of Uniswap.
BAKE token is the native BEP-20 governance token of the platform. Users can earn BAKE tokens by providing liquidity on BakerySwap. BAKE holders can use their tokens for governance voting as well as for receiving transaction fee dividends.
BAKE can be used to compose a random combo meal, which is a unique NFT(None-fungible token). Your unique NFT combo is not only a collectible item, but also a BAKE farming tool. Each NFT combo has a staking power and can be staked to earn BAKE.
BAKE rewards are offered to several liquidity pools in different proportions, initially including: BUSD, ETH, BTC, DOT, LINK, and BAKE versus BNB.
BakerySwap features a 0.30% fee to all trades, of which 0.25% will go to Liquidity Providers (LPs), and the remaining 0.05% will be converted to BAKE tokens and given to BAKE holders as rewards.
The team is an anonymous group of developers who believe in the future of decentralized autonomous organizations (DAO). It does not believe in pre-sale or tokens pre-reserved for the team. The team will receive a relatively low share of rewards during the entire BAKE farming period, which is 1 BAKE for every 100 BAKE farmed.
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