BakeryToken (BAKE) is not tradable on Coinbase.
Data is sourced from CoinMarketCap, CoinGecko and other third parties. We make no representation on the accuracy of the data provided. Learn more
BakeryToken Price (BAKE)
Market stats
BakeryToken is on the decline this week. ↘
The price of BakeryToken has decreased by 1.17% in the last hour and decreased by 0.52% in the past 24 hours. BakeryToken’s price has also fallen by 27.12% in the past week. The current price is $0.25 per BAKE with a 24-hour trading volume of $15.02M. Currently, BakeryToken is valued at 97.01% below its all time high of $8.48. This all-time high was the highest price paid for BakeryToken since its launch.
The current circulating supply of BakeryToken is 289,770,511.791 BAKE which means that BakeryToken has as total market cap of 289,770,511.791.
Overall
Data is sourced from CoinMarketCap, CoinGecko and other third parties. We make no representation on the accuracy of the data provided. Learn more
Market cap
$73.6M
Volume (24h)
$15.0M
Circulating
289.8M BAKE
All time high
$8.48
Price change
1 hour
↘ 1.17%
1 day
↘ 0.52%
1 week
↘ 27.12%
2 weeks
↘ 38.38%
1 month
↘ 4.05%
1 year
↘ 40.23%
1 year benchmarks
Performance
↘ 43.87%
Vs. Market
↘ 71.43%
Vs. BTC
↘ 74.08%
Vs. ETH
↘ 60.28%
About BakeryToken
FAQ
BakeryToken (BAKE) is a native BEP-20 governance token that plays a crucial role in the BakerySwap ecosystem. Introduced in September 2020, it operates on the Binance Smart Chain (BSC), a decentralized automated market-making (AMM) protocol. BAKE tokens are given to liquidity providers, and these tokens may be used to receive a portion of BakerySwap's transaction fees and to participate in the platform's governance process. BAKE holders may use their tokens for governance voting and to receive transaction fee compensations.
BakeryToken functions within the BakerySwap ecosystem, which is a decentralized automated market-making protocol. Users may receive BAKE tokens by providing liquidity on BakerySwap. BakerySwap applies a 0.30% fee on all swaps and trades, with 0.25% going to liquidity providers. These providers are then given liquidity pool tokens that represent their share of each pool. Through these tokens, they may receive a portion of the fees collected in the pools when removing liquidity. Liquidity providers may stake Bakery LP tokens to receive BAKE token compensation.
The primary use case for BakeryToken is as a reward for liquidity providers on the BakerySwap platform. These tokens may be used to receive a portion of BakerySwap's transaction fees and to participate in the platform's governance process. BAKE tokens also enable holders to participate in governance voting and to receive transaction fee compensations. The BAKE compensations are available in several liquidity pools, which initially include BTC, ETH, DOT, LINK, BUSD, and BAKE versus BNB.
BakeryToken was introduced in September 2020 as part of the BakerySwap ecosystem. The team behind BakeryToken is an anonymous group of developers who believe in the future of decentralized autonomous organizations (DAOs). BakerySwap, which operates on the Binance Smart Chain, provides liquidity pools for altcoins such as LINK, DOT, and others. It functions through initial liquidity pools and has two types of liquidity pools: with BAKE compensations and without them. This is done to facilitate the creation of new liquidity pools by the community.
We update our BakeryToken to USD currency in real-time. Get the live price of BakeryToken on Coinbase.
The current market cap of BakeryToken is $73.57M. A high market cap implies that the asset is highly valued by the market.
The all-time high of BakeryToken is $8.48. This all-time high is highest price paid for BakeryToken since it was launched.
Over the last 24 hours, the trading volume of BakeryToken is $15.02M.
Assets that have a similar market cap to BakeryToken include Ergo, Dusk, Steem, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of BakeryToken is 290 million.
BakeryToken Price History
Date | Price | Change |
|---|---|---|
Today (December 23, 2024) | $0.25 | -1.17% |
24 hours ago (December 22, 2024) | $0.26 | -0.52% |
1 week ago (December 16, 2024) | $0.35 | -27.12% |
1 month ago (November 23, 2024) | $0.27 | -4.05% |
1 year ago | $0.43 | -40.23% |
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