Real-time price analysis BAKE
The current real-time price of BakeryToken is $0.4148and its trading volume is equal to US$70,470,801 in the last 24 hours. The price for BAKED products is grew by
6.06%
on the last day and increased by
3.61%
in the last 7 days. It is important to note that BakeryToken’s current market capitalization is US$120,193,136Speaking of working inventory, BAKE has 289 770 513 coins. BakeryToken’s current market rating is #321.
BakeryToken price today
95.11%
below
always on top and that’s it
5,381.48%
higher
always at a low level.
All data and prices are updated in real time. The most active and popular exchanges for buying or selling BAKE are Binance, Kucoin & Kraken. Find more cryptocurrency exchange options on our Cryptocurrency exchange tracker. The most secure hardware wallets to store your cryptocurrency: Ledger And Trezor.
What is BakeryToken (BAKE)?
BAKE is a native token BakerySwap, which is an AMM-based decentralized crypto exchange (DEX) powered by Binance Smart Chain. If you are interested in the current price of BAKE, check out the BakeryToken price chart above.
Speaking of BakerySwipe, it is more than just a DEX. It also provides users NFT Marketplace and opportunities productivity And bid. So, in addition to exchanging crypto assets, BakerySwipe allows users to buy and sell NFTs, as well as earn passive income.
Speaking of NFTs, BakerySwap also offers NFT combo feature of creation. It allows users to create Combos (non-fungible assets) using BAKE tokens. Essentially, combos are meals prepared to order. However, in addition to being collectibles, they are also tools for growing BAKE tokens. By staking Combo, users can farm new BAKE tokens. Additionally, combos can be broken down into smaller component parts to return 90% of the BAKE tokens used to create them.
Another unique feature associated with NFTs is Gallery of bakery products. It provides a space for established artists to mint NFTs of their work and sell them for BAKE tokens.
Founders of BakeryToken
The founders of the BakeryToken crypto project and the core development team are anonymous.
Purpose of BAKE tokens
BAKE is the driving force behind BakerySwap. It comes in the form BEP-20 token. First of all, BakeryToken is governance token this allows holders to vote on various decisions regarding the future development of the BakeryToken crypto project. However, beyond this, BAKE tokens can be staked, received rewards for providing liquidity, used to receive dividends on transaction fees, and as a payment method within the BakerySwap ecosystem.
Also, be sure to analyze the BakeryToken price chart to see how the price of BAKE fluctuates over time.
How to earn BAKE tokens?
There are four ways to earn BAKE tokens:
- Providing Liquidity to BakerySwap
- Participation in BakerySwap liquidity pools
- Rate of BAKE tokens or Bakery LP tokens (BLP)
- Betting combinations
Liquidity pool refers to a pool of tokens that are locked smart contracts and make trading on DEX easier. They are used to provide liquidity. BakerySwipe has two types of liquidity pools: those that reward liquidity providers with BAKE coins, and those that do not. Liquidity providers receive BLP tokens which represent the amount of liquidity they provide. The pool that provides the most rewards is: BAKE-BNB pool.
BAKE tokenomics
BAKE tokens have not been pre-mined or pre-sold. Initially, the total supply was 731,745,000 units. However, in 2020, 75% of the total supply was burned.
BakeryToken does not have a maximum resource set, so it is inflationary. New BakeryTokens are created through daily BAKE rewards. After the launch of the token, the BAKE reward was set at 720,000 tokens per day. 99% of newly created tokens go to the stakers, and only 1% goes to the BakeryToken core team.
However, to prevent the price of BAKE from falling due to extensive circulation, BakeryToken uses halving. It splits the BAKE reward in half every 9 months. It is planned to do this until approximately 2044. After this, no new BAKE tokens will be minted.
Additionally, using a percentage of trading commissions, BakerySwap uses A buyback mechanism. How it works? Essentially, BakerySwap buys a portion of BAKE tokens and distributes them to BakeryToken holders as additional rewards.
What is the trading volume of BakeryToken in the last 24 hours?
BAKE trading volume is US$70,470,801 in the last 24 hours.
What is the highest BakeryToken price ever?
BAKE has the highest price $8.48which was achieved at May 02, 2021 (2 years 9 months ago).
What is the lowest price for BakeryToken?
BAKE has the lowest price $0.0076which was achieved at November 07, 2020 (3 years 3 months ago).
Which exchanges are best for buying and selling BAKE?
Currently the most active and dominant exchanges for buying and selling BakeryToken are Binance, Kraken & Kucoin. The most popular BakeryToken trading pairs BAKE/USDT
(on
Binance
),
BAKE/USDT
(on
Gate.io
),
BAKE/BTC
(on
Binance
). Go to Catalog of crypto trades to access customized and exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.
Which hardware wallets are the most secure for storing BAKE?
According to the process of in-depth analysis and testing, Ledger And Trezor are one of the most secure and popular hardware wallet options for storage BakeryToken. For exclusive discounts and promotions on the best crypto wallets, visit Catalog of crypto trades.
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
