BAKE is the token of BakerySwap, a system which bills itself as the next iteration of Uniswap. It aims to be a faster, cheaper, and tastier version of Uniswap. Liquidity providers will be rewarded with BAKE tokens from which they can earn a share of BakerySwap’s trading fees and use for voting as part of BakerySwap’s governance.
BAKE price is currently around $0.485191 USD with a 24-hour trading volume of $1,673,508 USD. The current CoinMarketCap ranking is #358, with a market cap of $63,965,490 USD. It has a circulating supply of 131,835,742 BAKE coins.
What is SwapX:
- SwapX is an AMM Aggregator protocol developed by the LaunchZone team. This protocol automatically helps users acquire the best swap rate available on all BSC’s AMMs.
- Obviously, our swapx.launchzone.org offers better swap rates than other AMMs because it finds the AMMs with the best liquidity among BSC’s AMMs to divide, match, and execute user’s orders.
- Increase the number of users and the adoption of Binance Smart Chain.
- Increase transaction volume and liquidity for Bakery.
- Help users get the best swap rate when swapping trading pairs with Bakery.
Form of implementation:
- The Referral Trading Contest organized by LaunchZone SwapX & Bakery
Location of implemtation:
- User who connect his/her wallet to SwapX shall have a unique referral link. The user copies the link and sends it to his/her friends. The winner of the contest will be the one with the highest total of friends’ trading volume.
Price and reward:
- 4,400 BAKE
Time period of implementation:
- 1 week.
- Date & Time: From 20th February 2021, 10:30 PM (Hongkong Time) to 27th February 2021, 10:30 PM (Hongkong Time).
Ranking reward structure:
- 1st Place: 308 BAKE
- 2nd Place: 220 BAKE
- 3rd Place: 176 BAKE
- 4th Place: 132 BAKE
- 5th-10th Place: 66 BAKE
- 11th-100th Place: 35.2 BAKE
- LaunchZone reserves the right to disqualify traders that are deemed wash trades or showing any kind of self-dealing.
- LaunchZone shall only calculate the total buy & sell volume of $BAKE token over all trading pairs.
- LaunchZone reserves the right to cancel or amend any activity or activity rules at our sole discretion.
- The rewards will be contributed directly to the wallets of winners within 1 week after the campaign ends.
- All the rewards will be paid in BAKE.
- Participants need to follow LaunchZone and BAKE on https://twitter.com/bscexofficial and https://twitter.com/bakery_swap