### What is BakerySwap?
BakerySwap is a decentralised exchange (DEX) and automated market-making (AMM) protocol built on the Binance Smart Chain (BSC). It facilitates token swaps, liquidity provision, and NFT trading, offering a platform that combines DeFi and NFT elements.

### How does BakerySwap work?
BakerySwap operates using the AMM model, where users can trade cryptocurrencies through liquidity pools rather than traditional order books. By providing liquidity, users can earn BAKE tokens, which can be used within the platform for various purposes, such as transaction fee distributions, trading NFTs, and participating in launch events. Its AMM model utilises smart contracts on the Binance Smart Chain to automate trades and maintain liquidity.

### What are the potential use cases for BakerySwap?
BakerySwap has several applications:
- **DeFi Operations**: Facilitates decentralised finance activities like yield farming and liquidity provision.
- **NFT Marketplace**: Provides a venue for trading and creating NFTs.
- **Innovation and Development**: Hosting IDOs and integrating features that combine AI and Web3 through the Bakery Incubator, which supports projects in these areas.

### What is the history of BakerySwap?
BakerySwap launched in 2020, developed by an anonymous team under a DAO structure. It began as a fork of Uniswap but tailored for the Binance Smart Chain to offer lower transaction fees and quicker processing. Over time, it expanded its features to include unique NFT-related functionalities and developed strategic partnerships to enhance its platform within the DeFi and NFT sectors.

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