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