BakeryToken to Hold AMA on X on December 15th

BakeryToken will host an AMA on X featuring Bitcoin Cats and TurtSat on December 15th at 14:00 UTC. The event will delve into the innovations in BRC20 and GameFi.

Refer to the official tweet by BAKE:

BAKE Info

BakerySwap is a decentralized automated market-making (AMM) exchange protocol built on the Binance Smart Chain (BSC). As one of the pioneering projects on BSC, it differentiates itself by offering altcoin liquidity pools, eliminating the need for traditional order books and promoting direct trades against liquidity pools.

Unlike conventional exchanges, BakerySwap doesn’t rely on order books to match buyers and sellers. Instead, it utilizes liquidity pools where assets are supplied by its users and supporters. In return for providing liquidity, users receive liquidity provider (LP) tokens proportional to their contribution. These LP tokens can subsequently be converted back to the original assets based on the user’s share of the pool, with liquidity providers earning trading fees as compensation.

Central to the BakerySwap ecosystem is the native BEP-20 governance token, BAKE. Users can earn BAKE either by staking the token itself or by providing liquidity to the platform and then staking the resultant BLP tokens. Beyond being a reward mechanism, BAKE tokens allow holders to earn a portion of the platform’s trading fees and play a pivotal role in the governance processes of BakerySwap, ensuring community participation in decision-making.