BAKE Your Opportunity to Build Wealth: Unlock Crypto's Hidden

17 févr.## Bake Coin (BAKE): Fundamentals, Recent News, and Disclaimer

**Disclaimer:** I am not a financial advisor and this information should not be considered financial advice. Please do your own research before making any investment decisions.

**Fundamentals:**

* **Native token of BakerySwap, a decentralized finance (DeFi) platform built on Binance Smart Chain.**
* **Used for:**
* **Staking to earn rewards:** Users can stake BAKE to earn BAKE and other tokens.
* **Voting on governance proposals:** BAKE holders can vote on proposals that affect the future of BakerySwap.
* **Paying fees:** BAKE can be used to pay for fees on BakerySwap, such as trading fees and swap fees.
* **Total supply:** 1 billion BAKE
* **Circulating supply:** 290 million BAKE
* **Current price:** $0.42 USD (as of February 17, 2024)
* **Market cap:** $121 million USD

**Recent News:**

* **February 15, 2024:** BakerySwap launched a new product called "Smart Bundles," which allows users to invest in a combination of multiple assets with a single click.
* **February 9, 2024:** BakerySwap announced a partnership with Chainlink, a decentralized oracle network. This partnership will allow BakerySwap to access secure and reliable data feeds.
* **January 26, 2024:** BakerySwap launched a new feature called "Auto CAKE," which allows users to automatically compound their CAKE rewards.

**Overall:**

* BAKE is a utility token that plays a central role in the BakerySwap ecosystem.
* The recent news suggests that BakerySwap is actively developing new products and features.
* However, the price of BAKE is still down significantly from its all-time high of $4.60 USD in May 2021.