What is BakeryToken?
BakerySwap is the first decentralized finance (DeFi) protocol to offer both automated market maker (AMM) decentralized exchange (DEX) and Non-Fungible Token (NFT) Marketplace functionality on Binance Smart Chain with the goal to facilitate digital art creation, curation, trade and global NFT adoption. Bakery Gallery digital art curators search between BakerySwap open NFT Marketplace and other leading NFT platforms, bringing the latest trends in digital artwork and emerging artists with the BakerySwap audience. BakerySwap allows users to earn high yield returns by contributing liquidity to a growing selection of reward pools. Users can "stake and bake" platform native BEP-20 BAKE token or assets individually to earn high yield returns distributed as BAKE token or the user's choice of BakerySwap partner tokens. Periodically, BakerySwap will offer users the opportunity to stake BEP-20 tokens to earn limited edition BEP-721 NFTs from decentralized application (DApp) partners. Additionally, users can stake NFT digital artwork to earn BEP-20 token rewards. Users may also contribute pairs of assets to a liquidty pool (yield farming) by creating BakerySwap BLP token to represent ownership percentage of the pool. Liquidity providers earn a share of transaction fees when BakerySwap users trade between assets in their pool. Users may also provide BETH-pair liquidity to a selection of ETH2.0 liquidity farms. BakerySwap features a Launchpad platform for new NFT-centric DeFi projects to raise initial funding and grow their userbase from the BakerySwap community of digital art enthusiast by holding an Initial Doggy Offering (IDO) or Initial Liquidity Offering (ILO). BakerySwap Gamification platform allows users to purchase NFT blind boxes to win randomized collectible digital artwork, mint partner NFTs to be used as staking instruments, and earn game items or utility tokens for other gamified NFT projects including Alien Worlds, My Neighbor Alice, and Battle Pets.
