Understanding BakerySwap And BAKE - The Next CAKE?

The famous and leading decentralized exchanges that you might know there is now in the crypto space are the decentralized financial market called UNISWAP that was built under the Ethereum Blockchain and just recently, the skyrocketing and new DeFi protocol that runs under the Binance Smart Chain called Pancakeswap.

Those 2 decentralized exchanges are competing with each other in terms of daily trading volume in their respective platforms. Both of them have skyrocketed over time, but still UNISWAP is still ahead in rank compared to Pancakeswap even recognized as the "Jewel of Binance Smart Chain".

However, it's not just Pancakeswap alone that can potentially flip UNISWAP and other decentralized exchanges as there is also this yummy and tasty new DeFi protocol that also offers delicious opportunities - the BakerySwap.

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What is BakerySwap?

BakerySwap is a new decentralized finance protocol built and running under the Binance Smart Chain ecosystem. BakerySwap has functions and beauty almost similarly to Pancakeswap.

This new decentralized exchange uses Automated Market Maker (AMM) protocol where you can buy and sell tokens, create NFTs, stake tokens and much more delicious opportunities.

BakerySwap is almost a copycat of UNISWAP, but has one of the main advantage - executing transactions in a much cheaper way. As we all know, UNISWAP requires enormous fee to make a transaction but because BakerySwap runs on Binance Smart Chain, it serves a very affordable transaction fee that can only possibly cost around $1.00 amount of BNB.

What Can You Do In BakerySwap?

There are lots of things listed in the platform that you can:

Trade Tokens.

You can buy and sell BEP20 Tokens and NFTs in the platform.

Add Liquidity.

You can add liquidity different trading pairs.

Staking.

Stake your BAKE or other available tokens available in the stake section and lets you earn passively.

Launchpad.

Participate in launchpad and get ahead of new tokens to be listed in the platform.

What is BAKE Token?

BAKE is a BEP20 token and is the native token used for governance inside the BakerySwap platform. The token can be used for governance voting and BAKE holders in the platform can receive rewards or a dividend of transaction fee that was executed inside the platform.

Price Prediction for BAKE Token.

As BAKE is an exchange token and under the Binance Smart Chain ecosystem, its price can usually follow the flow of Binance Coin (BNB) - which potentially has more rooms to grow.

Currently, the price of BAKE is around $1.47 per quantity with a market cap of just over a little $270,000,000. And if you don't know this yet, any token or cryptocurrency under $3,000,000,000 market cap with good fundamentals and use cases is considered as crypto gem - a kind of cryptocurrency that can give more than 100x of your investments.

And BAKE Token only has 277,237,408 total supply, almost the same supply that CAKE has, making it possibly to have more demands in BAKE Token in the future.

And because BAKE is just almost similar with CAKE, which skyrocketed from cents to around $30 per token, and both is an governance token, BAKE also has the potential to reach that point and gives 100x return of investments.

Final Thoughts For BakerySwap and BAKE.

BakerySwap is a tasty-looking platform and what it offers can deliciously gives us more and lots of benefits in the future. BAKE Token right now is still undervalued amidst it fundamental and use cases in the BakerySwap platform and with just a matter of time, we will be looking it like where we are now looking at CAKE Token.

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