BakerySwap BAKE

Rank #591

$ 0.36456100 +5.91%

BakerySwap Price (BAKE)

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BakerySwap to USD Price Chart

BakerySwap Statistics

Market Rank	#591
Market Cap	$ 105.3M
Volume 24h	$ 40.2M
Circ. Supply	288.7M
Total Supply	289.8M
Max Supply	731.5M

What Is the Current Price of BakerySwap (BAKE) Today?

The current price of BakerySwap (BAKE) is $ 0.36456100.

What Is BakerySwap (BAKE) and How Does It Work?

BakerySwap is a decentralized finance (DeFi) platform that allows users to provide liquidity, earn rewards, and participate in trading on the platform. BAKE is the native utility token, used for transaction fees, staking, and governance on the platform.

Who Created BakerySwap and What Was Their Motivation?

BakerySwap was created by an anonymous group of developers, motivated by the desire to contribute to the DeFi landscape with a scalable and more cost-efficient platform.

What Makes BakerySwap Different from Other Cryptocurrencies?

BakerySwap stands out for its focused approach to providing a cost-effective alternative to other decentralized exchanges. It utilizes Binance Smart Chain for faster and cheaper transactions. BAKE, the platform's native token, serves multiple utility functions like governance rights, rewards, and transaction fee payments.

How Do BAKE Tokenomics Work?

Every transaction on the BakerySwap platform results in a certain amount of BAKE tokens being distributed to liquidity providers. Similarly, BAKE tokens can be staked to earn other tokens and voting rights in the platform's governance.

What Security Measures Does the BakerySwap Network Employ?

BakerySwap uses standard smart contract safety measures in DeFi, such as time locks and multi-sigs. The smart contracts have also been audited by well-respected security firms to ensure maximum safety.

How Many BAKE Tokens Are Currently in Circulation?

There are currently 288.7M BAKE tokens in circulation.

What Has Been the Recent Change in the Price of BAKE?

The price of BAKE has increased by +5.91% in the last 24 hours.

Where Is the Best Place to Buy BakerySwap (BAKE)?

BAKE can be primarily purchased on Huobi, Indodax, CoinEx, Gate.io, BitMart.

How Can I Securely Store My BakerySwap (BAKE)?

BAKE is a BEP20 token and can be securely stored in any wallet that supports this standard, including popular options like MetaMask and Trust Wallet. Always remember to secure your private keys and back up your wallet for safekeeping.

What Is BakerySwap's Market Capitalization?

The current market capitalization of BakerySwap (BAKE) is $ 105.3M which ranks it as the #592 in the cryptocurrency market.

What Is the Trading Volume of BakerySwap (BAKE)?

The trading volume of BAKE in the last 24 hours is 40.2M.

How Is BakerySwap's Community Governance Structured?

BakerySwap's governance is decentralised. BAKE token holders have the power to vote on key platform decisions - this includes making changes to the protocol, adding new pools, and altering fees. The amount of influence a user has over these decisions is proportional to the amount of BAKE tokens they hold.

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