BakeryToken
Monthly Returns heatmap
Heatmap summary
BakeryToken posted 19 positive months out of 54. The longest positive streak lasted 5 months, while the longest negative streak lasted 5 months.
- Strongest month
- Mar 2022 +160.2%
- Weakest month
- Apr 2022 -65.5%
- Longest positive streak
- 5 Aug 2023 — Dec 2023
- Longest negative streak
- 5 Mar 2023 — Jul 2023
- Luckiest calendar month
- Mar • avg 30.6% • 4 mo.
- Unluckiest calendar month
- Jun • avg -25.5% • 5 mo.
Networks
Supported exchanges
About the coin
BakeryToken (BAKE) is a utility token designed to power the BakerySwap decentralized exchange (DEX). BakerySwap operates on the BNB Smart Chain, offering a range of DeFi services including token swaps, liquidity provision, and yield farming.
The primary purpose of BAKE is to facilitate transactions and reward users within the BakerySwap ecosystem. As a BEP-20 token, it leverages the efficiency and low transaction fees of the BNB Smart Chain.
Users can earn BAKE through various activities on BakerySwap. This includes providing liquidity to trading pairs and participating in yield farming opportunities. These incentives encourage user engagement and the growth of the platform's liquidity.
BAKE also plays a role in governance. Token holders may have the opportunity to participate in decisions regarding the future development and direction of BakerySwap, although the specifics of this governance model can evolve.
The token is integrated into the platform's fee structure. Certain transaction fees generated on BakerySwap might be partially distributed to BAKE holders or used for token buyback mechanisms, aiming to create value for the token.
BakerySwap aims to provide a user-friendly experience for decentralized finance, and BAKE is central to achieving this goal. The exchange offers features that allow users to trade various BEP-20 tokens, stake assets, and participate in initial DEX offerings (IDOs) through its launchpad.
The token's utility extends to a gamified approach within the BakerySwap platform. This can include features like NFT marketplaces and other interactive elements where BAKE can be used for purchases or rewards.
The design of BakerySwap and its native token, BAKE, is intended to foster a vibrant and self-sustaining DeFi ecosystem on the BNB Smart Chain.
The contract address for BAKE on the BNB Smart Chain is 0xe02df9e3e622debdd69fb838bb799e3f168902c5. This address serves as the unique identifier for the token on the blockchain.
As a utility token, BAKE's value is intrinsically linked to the activity and adoption of the BakerySwap platform. Increased usage, liquidity, and development of new features on BakerySwap would likely influence the demand and utility of BAKE.
The BNB Smart Chain was chosen for its scalability, fast transaction times, and lower fees compared to some other blockchain networks. This makes it a suitable environment for a DEX aiming for widespread adoption.
BakerySwap's ecosystem continually evolves, introducing new pools, farms, and features. BAKE remains the core token underpinning these operations, driving participation and rewarding the community.
The token standard used is BEP-20, which is the standard for fungible tokens on the BNB Smart Chain, ensuring compatibility with various wallets and decentralized applications.
BakeryToken (BAKE) is an active token, indicating its ongoing development and presence within the cryptocurrency space.
Trust & methodology
Last updated:
Data source: Price and volume snapshots are maintained from the current Gygaz market dataset for this asset.
About Gygaz: Gygaz is a crypto transfer intelligence project focused on exchanges, assets and networks. We structure routing, support and market context so users can compare how crypto moves between platforms.