Okcash • OK is now available on BakerySwap

[OKupdates]

https://okcash.news/okcash-ok-is-now-available-on-bakeryswap-512510ca2cb9
https://twitter.com/OkcashCrypto/status/1613866890698362880


Okcash • OK is now available on BakerySwap



    OK is now listed on BakerySwap over the Binance Smart Chain network.

Now you can trade OK on BakerySwap over the OK/BUSD pairs at:
https://www.bakeryswap.org/#/swap?outputCurrency=0x523821d20a283d955f6205B4C9252779Cd0f964B&inputCurrency=0xe9e7CEA3DedcA5984780Bafc599bD69ADd087D56



What is BakerySwap (BAKE)?

BakerySwap is the first AMM and DEX with an open-source and decentralized structure based on blockchain technology. It combines NFT features with tools available on DeFi platforms to enable users to swap tokens easily and promptly.

Unlike some other DEX platforms, BakerySwap doesn't integrate order books into the system, so the platform enables exchanging and swapping tokens against liquidity pools instead of between sellers and buyers. In essence, BakerySwap is hosted on the Binance Smart Chain as a decentralized application with a specific utility. BakerySwap also hosts a launchpad and an NFT marketplace where users can easily buy and sell non-fungible tokens.

BAKE is the platform's BEP-20 governance token, which means it's supported by BSC. BAKE is used in the reward system to incentivize liquidity providers and is the main payment method on the protocol for buying NFTs.

How Does BakerySwap Work?

BakerySwap can be compared with Uniswap, another well-known protocol for token swaps. While Uniswap is hosted on the Ethereum blockchain, BakerySwap works as a decentralized application for AMM and DEX operations on the Binance Smart Chain.

BakerySwap removes the middleman from the equation of swapping and instead uses an AMM model where users can exchange their tokens through smart contracts. Since there are no order books in the system, there are no third-party interferences. The liquidity pools are an integral part of the system as users can swap and exchange tokens based on the provided liquidity. Liquidity pools are supported by network participants on the BakerySwap platform.

Users who are liquidity providers can deposit their token balances into appropriate liquidity pools to support the DEX and AMM system in exchange for rewards. Traders who swap their tokens have to pay trading fees and these fees are distributed to liquidity providers to incentivize participation.

BakerySwap has an array of financial services, which includes token swaps and exchanges, farming, liquidity pools, wallet integration, launchpad, and liquidity addition.

How to Use BakerySwap?

BakerySwap can be used for exchanging and swapping tokens, while the protocol represents a combination of DEX and AMM markets with the NFT supermarket. Users can exchange their tokens promptly, with low fees and fast execution. All swaps are performed through liquidity pools.

Users can stake BAKE to earn rewards, use it to buy NFTs, and earn BLP for their participation in farming. Users can also use BakerySwap to provide liquidity to pools and earn incentives based on their token shares.

Learn how to use BakerySwap with this tutorial:
https://youtu.be/FAagdD4eQ0M

Learn more about OK:
https://okcash.co