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BakerySwap (BAKE) is the 260th largest cryptocurrency in the world by market cap, valued at $147,770,246. The current price of BakerySwap is $0.202, which is 4.403% higher than yesterday. Prices have ranged between $0.211601 and $0.188019 over the past 24 hours. All prices are listed in US dollars and accurate as of January 31, 2023 11:01 UTC.
BakeryToken, in its most basic sense, can be thought of as a DeFi offering that is part of the larger BakerSwap ecosystem that has been built atop the Binance Smart Chain (BSC) and boasts of a decentralized automated market-making (AMM) protocol. In this regard, BAKE is the native token of the platform and according to CoinmarketCap, it is used to provide users with a wide range of liquidity rewards, voting rights, etc.
Not only that, these tokens can also allow users to earn a share of BakerySwap’s trading fees.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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