Express

HIGH RISK BakerySwap! Binance CEO CZ Zhao Warned

Mary Liu

Summary: Binance CEO CZ Zhao today warned on twitter that BakerySwap, an AMM Dex on Binance Smart Chain, is not endorsed and has super high risk. BakerySwap, which just went live on Binance smart chain(BSC), caused quite a stir online. BakerySwap's coin BAKE has a total supply of 731,745,000, 99% of which are produced by user mining, ...

Binance CEO CZ Zhao today warned on twitter that BakerySwap, an AMM Dex on Binance Smart Chain, is not endorsed and has super high risk.

BakerySwap, which just went live on Binance smart chain(BSC), caused quite a stir online. BakerySwap's coin BAKE has a total supply of 731,745,000, 99% of which are produced by user mining, and the team only has 1%. Users can trade and provide liquidity on the BakerySwap, and pledge liquidity on the Earn BAKE page for mining. Early BAKE farmers get 10x rewards at maximum release.

Its official blog said: "BakerySwap is the next iteration of the by now infamous Uniswap."

By Mary Liu

Last Update:

Tags: ,,
Link: HIGH RISK BakerySwap! Binance CEO CZ Zhao Warned   [Copy]
Next:

Related Articles

  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 2 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 6 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 8 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 11 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 13 days ago

    • You need to login to comment.