Buy BakerySwap (BAKE)
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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Frequently Asked Questions (FAQs)
What is the current price of BakerySwap (BAKE)?
The BakerySwap price is $0.42346776 AUD, representing a -5.52% from the day prior.
Where is the best place to buy BakerySwap (BAKE) in Australia?
The best place to buy BakerySwap (BAKE) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell BakerySwap (BAKE) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of BakerySwap (BAKE)?
The trading volume of BakerySwap (BAKE) is $31.7M AUD in the last 24hrs, representing a -5.52% from the day prior.
How can I buy BakerySwap (BAKE)?
BakerySwap (BAKE) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of BakerySwap (BAKE)?
The current market cap of BakerySwap (BAKE) is $121.2M AUD.
Can I convert BakerySwap (BAKE) to cash?
Yes - With Coinstash you can convert your BakerySwap (BAKE) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many BakerySwap (BAKE) are there?
The current circulating supply of BakerySwap (BAKE) is 288.7M.
Is Coinstash a safe place to buy BakerySwap (BAKE) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling BakerySwap (BAKE) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.