BakerySwap Price in India (BAKE)

BakerySwap leverages an Automated Market Maker (AMM) model to offer direct token trading, eliminating the need for order books and intermediaries. It combines DeFi services with an NFT marketplace, offering liquidity farming, NFT trading, and minting. The platform has its own native token, BAKE, which plays a pivotal role in the ecosystem, with utilities such as facilitating trades, participating in governance, and DeFi farming. 

BakerySwap was created by a team of anonymous developers in 2020.

• Automated Market Maker (AMM) system: BakerySwap leverages an AMM system for direct token trading, eliminating the need for order books and intermediaries. 

• BAKE token: BAKE token powers the BakerySwap ecosystem, and is used to facilitate trades and transactions, participate in governance, and engage in staking.

• NFT marketplace integration: The BakerySwap platform offers more than DeFi services, it is integrated with a NFT marketplace where users can participate in NFT trading and minting.

• Initial DEX Offerings (IDOs): Among several features offered by BakerySwap, one of its unique features is hosting IDOs. With this feature, developers can launch new projects on the platform.

BAKE is a cryptocurrency centered around the DeFi and NFT space, launched in 2020. The token has garnered an overall gain of 102.70%, as per CoinMarketCap. The token is currently trading at $0.2675 with a market cap of  $77,542,585. However, experts anticipate the token to trade around $3.33 by 2030. While the anticipated price for the token in 2030 is lower than its all-time high of $8.38 recorded on May 2, 2021, the token is poised for a promising uptrend.

Download the CoinSwitch app to invest in BAKE.

• BAKE can be exchanged, bought, and sold from crypto exchanges.

• It is used to facilitate trades within the BakerySwap platform. 

• Token holders can participate in the BakerySwap decentralized platform’s governance and partake in making important decisions. 

• BAKE token holders can stake their tokens to earn rewards.

• BakerySwap offers low transaction fees and fast processing times. 

• BakerySwap prioritizes its community and promotes engagement and support of the decentralized platform via governance.

• The platforms offer a wide range of DeFi services, such as staking, yield farming, NFT marketplace, and more.

• BAKE is subject to price volatility which may impact its price.

• BakerySwap faces strong competition from platforms such as PancakeSwap, Uniswap, and SushiSwap. 

• Being a DeFi platform, BakerySwap faces smart contract vulnerabilities and exploits that are often common in DeFi platforms.

• To trade in BakerySwap (BAKE), download the CoinSwitch app.

• You can start with as low as ₹100.

• Users can trade in over 200+ cryptos in a safe and secure environment and manage their transactions and portfolios seamlessly.

Similar to the platforms that inspired it, BakerySwap did not hold an Initial Coin Offering (ICO). The BAKE token was launched through Binance Smart Chain’s automated market maker (AMM) model. The anonymous team behind the project was against pre-sales and initial coin offerings and there are no reserved BAKE tokens for the team.