BAKE
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Introduction
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1. Project introduction
BakerySwap is the all-in-one DeFi platform that provides both AMM (Automatic Market Making) and NFT Marketplace solutions in one place.
It aims to be the reference place for all DeFi users’ needs, by providing three main services. First, the AMM where users can exchange tokens, stake them, or do liquidity farming. Second, the NFT Marketplace allows participants to mint or trade artworks and other gamified NFT items, providing key features, like bidding or auction. And finally, the IDO Launchpad, that provides initial coin offerings from selected quality projects to early investors.
2. Application and distribution
Token application:
BakeryToken or BAKE is the native token of Bakeryswap. Users can earn BAKE by providing liquidity to asset pairs and staking liquidity pool tokens or by staking BAKE itself.
Token distribution:
There was no pre-mine and/or presale of BAKE tokens. BAKE tokens are gradually released to liquidity pools according to their respective reward multiplier (e.g. 1x , 3x , etc).Early farmers (or “bakers”) will be greatly rewarded in terms of the initial “BAKE per block” release.The tokens reserved for the team are 1% and the tokens will be gradually released with the community’s consultation and advice.
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