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BakeryToken price, market cap on Coin360 heatmap

BakeryToken(BAKE)

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$0.345061
(2.28%)
0.00001416 BTC
Market Cap (Rank#325)
$66,779,501
2,741 BTC
Vol 24h
$6,923,581
284.21 BTC
Circulating Supply
193,529,284.57
Max Supply
607,623,273
17 days agocryptodaily
Bitcoin holds $21k - crypto rally still on
The bitcoin rally that saw the number one crypto currency go from $17,500 back to $24,000 in just 5 weeks ran out of steam over the last week and has fallen back to $21,000. However, short-term RSIs have reset and it looks as though bitcoin may continue its rally depending on news to come out of the Federal Reserve FOMC meeting today. The day has dawned fair for bitcoin and its local low of around $20,700 has been left behind as the king of the cryptocurrencies has moved up in excess of $21,300 so far today - an increase of 3%. Many traders and speculators on social media are still calling for a $10k bitcoin, stating that the flush-out is still not complete and that capitulation should be a lot worse. A recent CoinTelegraph article expressed the concern that the $24,300 resistance was “not a good sign”, and that today was a “macro day of reckoning” for risk assets. This was because the Federal Reserve’s FOMC meeting takes place today, and the expectation is a 75 basis points rate rise, with an outside chance of 100 basis points, both of which would be concerning for bitcoin according to the article. Further to this, the article quotes an analyst known as “Crypto Tony” who gives the view on his daily Twitter post that he remains bearish as long as bitcoin remains below the range high of $22,200. Whatever comes out of the FOMC meeting, there is likely to be a lot of choppiness in the bitcoin price. The 0.75% rise is expected and therefore baked in, but should the 1% rise hit the market then look for a lot more tumult. However, many signs are in the charts that bitcoin has indeed already touched bottom and that we are now in a sideways accumulation phase readying for the next bull market. Yes, bitcoin and crypto have really borne the brunt of being the perceived most risky assets, but now that the whole crypto sector has been beaten down to such an extent, most sellers would arguably have sold and left the market. It could also be argued that the downside left to bitcoin is tiny compared with the upside of more buyers coming in, once they realise that the dollar and all other fiat currencies are continuing to be debased and that inflation is not likely to be suppressed for any reasonable length of time. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
21 day agocryptodaily
Crypto Daily - Daily Crypto And Financial News 22/07/2022, Tesla Sells $936M Of Its Bitcoin Holdings
In Todays Headline TV CryptoDaily News: Tesla sold $936M of its bitcoin holdings in Q2. Electric vehicle maker Tesla converted 75% of its bitcoin holdings into fiat currency, according to an announcement made by the company on its recent earnings call. Tesla said it held $218 million worth of the cryptocurrency at the end of the second quarter. Slashing current layer 1 Ethereum network costs by 90%. Polygon, the Ethereum layer 2 scaling network, said it is launching the testnet of its highly-anticipated zero-knowledge rollup dubbed Polygon zkEVM, in what it called “a giant leap forward for Ethereum scaling and ZK innovation." U.S. charges ex-Coinbase manager in crypto insider trading case. A former product manager at Coinbase Global and two others have been charged with wire fraud in the first insider trading case involving cryptocurrency, U.S. prosecutors in Manhattan said. BTC/USD plummeted 1.1% in the last session. The Bitcoin-Dollar pair dove 1.1% in the last session. According to the Stochastic-RSI, we are in an overbought market. Support is at 22105.6667 and resistance at 24827.6667. The Stochastic-RSI points to an overbought market. ETH/USD exploded 1.6% in the last session. The Ethereum-Dollar pair exploded 1.6% in the last session. The MACD is giving a positive signal. Support is at 1412.7733 and resistance at 1671.9733. The MACD is giving a positive signal. XRP/USD dropped 0.4% in the last session. The Ripple fell 0.4% against the dollar in the last trading session. The Stochastic indicator gives a positive signal. Support is at 0.3435 and resitance at 0.3916. The Stochastic indicator is currently in positive territory. LTC/USD exploded 1.4% in the last session. The Litecoin-Dollar pair exploded 1.4% in the last session. The Stochastic indicator is giving a positive signal. Support is at 53.2167 and resistance at 63.6367. The Stochastic indicator is currently in positive territory. Daily Economic Calendar: US Baker Hughes US Oil Rig Count The Baker Hughes Rig Count is an important business barometer for the drilling industry and its suppliers. Active drilling rigs consume products and services produced by the oil service industry. The US Baker Hughes US Oil Rig Count will be released at 17:00 GMT, Japan's Jibun Bank Manufacturing PMI at 00:30 GMT, Japan's Jibun Bank Services PMI at 00:30 GMT. JP Jibun Bank Manufacturing PMI The Jibun Bank Manufacturing PMI gives an early snapshot of the health of the Japanese manufacturing sector. JP Jibun Bank Services PMI The Jibun Bank Services Purchasing Managers Index (PMI) captures the business conditions in the services sector. The services PMI is an important indicator of the overall economic conditions. JP CFTC JPY NC Net Positions The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions. Japan's CFTC JPY NC Net Positions will be released at 19:30 GMT, the UK's Retail Sales at 06:00 GMT, the UK's CFTC GBP NC Net Positions at 19:30 GMT. UK Retail Sales Retail Sales measure the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales. UK CFTC GBP NC Net Positions The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
32 days agocryptodaily
Vleppo and Tokel make NFT rights legally enforceable in the real world leveraging Komodo technology
Kongens Lyngby, Denmark, 12th July, 2022, ChainwireA long-standing problem confronting the blockchain world and NFT owners is the distinct lack of contractual clarity and legal rights in the enforcement of digital asset transactions. Today, Vleppo and Tokel have successfully conducted a breakthrough digital procedure that will pave the way for the blockchain industry and NFT owners to establish and enable their legal rights embodied in the NFTs and digital transactions to be made legally enforceable in the courts of law around the world. In June 2022, Vleppo developed a Blockchain Contract Management System (“CMS”) that enables NFT owners to create a digital contract by embedding their NFT’s on-chain ID directly into the Blockchain record of the same digital contract. This seemingly simple digital procedure however has massive ground-breaking significance for the digital world. Through this process, the NFT can now act as an immutable evidentiary anchor for the digital contract, forever linking the two together. This link is readily observable because Vleppo’s Blockchain system, called Alysides, which is a customized fork of the Komodo Protocol, is both public and permissionless. This Vleppo Solution has for the first time finally addressed the longstanding concern of the blockchain industry and NFT owners about the lack of clarity on the legal enforceability of smart contracts as related to NFTs. That Vleppo has developed a solution is most welcoming as well as providing a great sense of relief to holders of valuable NFTs. For a contract to be legally enforceable it needs to fully satisfy the elements of (1) offer (2) acceptance (3) consideration (4) capacity of the parties to contract and (5) an intention between parties to create and be bound to legal relations. The first three elements are satisfied by any smart contract. Legal issues arise, however, when attempting to demonstrate that both parties intended to create legal relations and/or have the capacity to contract. This is because current smart contracts in isolation are incapable of definitively confirming that these qualitative elements of a legally enforceable contract have been met. Therefore, it is common practice for smart contracts to be accompanied by a separate natural contract. By comparison, a digital contract or smart contract executed in the Vleppo CMS, where the ID of the NFT is embedded into the Blockchain record of the contract, ensures that the link between the NFT and underlying contract cannot be broken. The Vleppo Solution is Blockchain agnostic as this unique solution delivers legal enforceability enhancement to NFT owners, regardless of whether the NFT is on Ethereum, Polygon, Solana, or any other Blockchain. Furthermore, because of the Komodo Protocol’s superior design and lack of reliance on ‘gas-style’ transaction fees, Vleppo’s CMS can accommodate even the highly complex contractual arrangements in an affordable and efficient way in comparison to other popular protocols, such as Ethereum. Being Blockchain-enabled, Vleppo can provide further additional value-added services to users such as payments, escrow, and Blockchain-governed dispute resolution – essentially everything needed to execute and settle contracts. Chris Sloan, Chair of the Emerging Companies Team at US legal firm Baker Donelson said: ‘The concept of, for example, embedding an NFT of a song into a Ricardian contract that defines a user’s rights with respect to that song is a nice marriage of the benefits of an NFT in terms of being able to track the distribution of a digital asset like that with traditional contract law’ during a panel discussion held on Thursday 7th July following the Vleppo and Tokel demonstration. During the same panel discussion, Jesper Løffler Nielsen, Associate Partner at Focus Advokater, highlighted the disconnect between the desire and positivity in the EU to embrace Blockchain solutions for IP and action, referencing the 2019 “Blockchain Now and Tomorrow” European Commission Report stating ‘… but we (the EU) are moving slowly because that was in 2019 and now we are 2022 and as far as I know there hasn’t been any major leaps forward when it comes to recognizing some of these applications (of Blockchain and IP).’ Through the Vleppo CMS, a solution is now available to effectively manage the gap between the digital asset world and current legislation. Peter Coco, Vleppo’s CEO remarked “It has been a long slog. But it is a big delight for the Vleppo Team to be able to savor the sweet smell of success. At long last, the problem that has posed a challenge to the blockchain world and NFT owners, concerning the distinct lack of legal clarity and legal rights in smart contracts, is finally resolved. We would welcome the opportunity to help all blockchain companies and NFT owners to enhance their existing digital and smart contracts as well as their NFTs to be recognized as legally binding contracts in courts of law.” Peter will be at DMCC Free Trade Zone in Dubai to meet with partners and investors in mid-late July to discuss the potential universe of applications of Vleppo’s technology and the next steps in helping owners of NFTs and other digital assets to unlock and monetize their value. About Vleppo Founded in 2018, Vleppo is a Web3 blockchain solution provider. Its applications have been focused on developing a Blockchain-integrated suite of business tools for freelancers, SMEs, and enterprises. For more information visit www.vleppo.com. Peter Coco can be reached directly via Telegram (@petercoco) and email ([email protected]). About Tokel Tokel is a platform that uses unique nSPV technology to deliver a simple, fast, and easy-to-use Blockchain NFT and token creation system. For more information visit www.tokel.io. About Komodo Komodo is a community-oriented project, consisting of a customized version of the Bitcoin protocol (known as the Komodo Protocol) as well as a blockchain running on the Komodo Protocol. ContactsMrPeter CocoVleppo [email protected]+380503161600
37 days agocryptodaily
Most of the downturn in crypto is attributable to macro factors - Coinbase Research
Coinbase Institute published a blog on crypto prices, which states that experts believe that cryptoassets will become further correlated to the existing financial system. Coinbase Institute published a blogpost on Tuesday which sought to evaluate crypto prices and market efficiency. It stated the belief that crypto markets had grown in their correlation to the traditional financial system since 2020. It also stated that the crypto risk profile was similar to oil prices and technology stocks, and that 2 thirds of the crypto decline was caused by macro-economic factors, while the other third was caused by a weakening outlook for cryptocurrencies generally. The view was put forward that when a crypto bear market ensues, the media response is either “crypto is dead”, or “hodl”, as with all new technologies you just have to ride out the volatility and wait for the technology to become mainstream. It was noted that neither view really explained the historical trends seen in crypto, and that an understanding of “market efficiency” was better for being able to interpret the data. The increasing correlation noted in the data was measured by looking at the “beta” score for crypto. Beta is the typical measure of systemic risk for any financial asset, and a beta of zero means there is no correlation. A beta of 1 means that the measured asset moves with the market, and a beta of 2 suggests that if the market increases or falls by 1%, then the measured asset will increase or decrease by 2%. The data provided by the blog shows that crypto has jumped from a 0 beta score in 2019, to a beta of 2 currently. Therefore, in the present stormy macro-economic conditions, it is expected that crypto will continue to go down as long as the stock market does the same - a likely possibility given that the Federal Reserve is continuing to raise interest rates. As to the future expectations for crypto, the report states that prices are already baked into the market. Therefore, unless there is a change in the outlook for the crypto market, relative to the outlook currently, then there is no reason to believe that crypto prices will change. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
39 days agocryptodaily
Can RoboApe (RBA) Outperform Well Established Cryptocurrencies Like Zcash (ZEC) & Filecoin (FIL)?
Recent developments and attitudes in the crypto market have taken many adopters aback. Shiba Inu (SHIB) , which previously escalated by 600000% plunged to almost zero at one point. Those familiar with the bearish and bullish pull in crypto are well-versed with the fact that fluctuations and volatility are baked in, dips being part of the recipe. A dip is, in actuality, what most enthusiasts wait for, to purchase and leverage profits. Only a minute percentile increase is sometimes required for gargantuan rewards. This is often how crypto functions. Those less accustomed to this history tend to get a little jangly at the sudden volatile downturns. We’re here to help you navigate the choppy waters of crypto. Our destination? Profit. A coin that we believe is set to counter the dip is RoboApe (RBA). Discussed at length below. RoboApe (RBA) Goes Bananas After Dogecoin laid the foundational brick for meme coins with the profits it made for its stakeholders. There then came a monsoon of meme coins, all anticipating the same heady rewards. This wasn’t sustainable. As we’ve said above, Shiba (SHIB) went down recently to almost nothing. The same coin that initially showed exponential growth is now teetering on a knife's edge. Where does the problem lie? Are all the meme coins of no use now? Should we just forget meme coins and jump on to utility coins? These questions and more will be answered. RoboApe (RBA) is a meme coin. The network expands and delivers some services within the utility sector too. RoboApe (RBA) aims to establish a system where the parties involved will have the authority and freedom to drive the ecosystem. A voting system will provide the framework. The voting power of its stakeholders would be determined by the share one holds in the ecosystem. The greater the capital, the higher the authority. Secondly, RoboApe (RBA) believes in learning. It encourages its consumers to not just blindly follow trends. But here, they guide their audience to learn the intricacies on their own and implement them. RoboApe (RBA) believes in uplifting the morale and building the knowledge base of its stakeholders through the academy feature they’ve introduced. The ultimate motto of RoboApe (RBA) is to leave the world a better place to live for future generations. It does so by organizing charitable events and games. Zcash (ZEC) And Filecoin (FIL) Privacy is the most precious commodity we have. It's a space being breached by tech companies surreptitiously. The data these companies collect is later exploited to feed us the things they want us to buy. To remedy this dilemma, Zcash (ZEC) came in with the mission to offer privacy on transactions, even on the blockchain. Zcash (ZEC) enables you to trade and exchange money swiftly, keeping your privacy intact. With the augmentation in data bits across the web, there’s a dire need to have a system in place, assisting with the information storage and data recovery when needed. Filecoin (FIL) pretty much does the same job. It’s a peer-to-peer network conducting data transfer across the chain securely. RoboApe (RBA) stands out for the authority it grants to its stakeholders. It’s based on DAO, enabling consumers to drive the decision. We think this is a strong token worthy of your attention. The other options discussed are worth consideration, their applications, however, are limited to storage. For more information on RoboApe visit Presale: https://ape.roboape.io/register Website: http://roboape.io/ Telegram: https://t.me/ROBOAPE_OFFICIAL Disclaimer: This is a sponsored pressrelease, andis for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
100 days agocryptodaily
Consumer trust in crypto drops - but it doesn’t need their trust
A recent report on trends in crypto says that consumer trust in crypto has declined since the beginning of the year. How many of them would know that crypto is generally a ‘trustless’ technology? Morning Consult, a billion dollar decision intelligence company, has just released its Q2 report entitled “The State of Consumer Banking”. The report challenges the belief that trust is one of the most important factors in financial services relationships. In traditional finance trust is something that is built up, probably over many years, and this is one of the main factors that leads to consumers putting their money in any particular financial company, and this trust is necessary, considering that more than one third party is likely to be involved in any given financial product. Crypto on the other hand is very different. Third parties are not needed, and everything is coded into smart contracts. Therefore we have the term ‘trustless’, which means that there is no human involved in the transaction - just code. As long as the code is audited, and stands the test of time, meaning that it does not get hacked, then no trust in anyone is actually required. The report from Morning Consult has only 21% of investors saying that they trust crypto a lot, while 57% say they trust it somewhat, and the remaining 21% say they don’t trust it, but that they will buy it anyway. What was quite surprising though, was that while 67% of US adults said they trust banks, 64% of those who were owners of cryptocurrencies also trusted the banks. The difference here maybe is that banks and other traditional financial companies spend billions on building their reputations with their customers, whilst in the main, crypto companies are offering far superior yields, and rely on this to attract their customers. For too long, large multinational banks have been far too opaque, and do not reveal exactly what they are doing with their customer’s funds. On the other hand it may be that there are far too many hacks and rug-pulls in the crypto decentralised finance space, but these are early days, and there is very little regulation. At least with blockchain, there is transparency - a trail that can be followed should something go amiss. Mainstream media is telling us all how untrustworthy cryptocurrencies are. However, the truth is that they don’t supply trust because it’s already baked into the code. We are entering a future where trust is just not necessary anymore. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
101 day agocryptodaily
Bitcoin and crypto ready for a rally?
Today’s FOMC meeting has been keenly anticipated by markets across the world. A 0.5% rate rise, the largest single rise for many years, is confidently expected, and already baked into markets. However, it’s what Fed chair Powell says after the meeting that will decide the short term direction of bitcoin and crypto. A 50 basis point rise by the Federal Reserve today is an almost 100% certainty. Run-away inflation is the most feared boogeyman at this point in time and therefore rates must go up. James Bullard, CEO of the St Louis Fed, has even touted a 75 basis point rise in order to stem the inflation tide. With all this very negative sentiment for the markets it might be expected that the current steep downturn continues without respite. However, the market has known of the impending rate hike for quite some time now, and therefore it is very much already priced in. What isn’t priced in however, is what Fed chairman Jerome Powell might say after the FOMC meeting. Most of what the Fed has done so far as regards dampening the markets has been achieved purely by talking about what might happen. Historically, his comments after the meeting are those that affect markets more because they cannot be anticipated with any certainty. Chairman Powell knows this, and therefore his words will be chosen very carefully. Should he continue his hawkishness thus far, then markets are likely to continue their descent, and a US recession beckons. It might be guessed that he wouldn’t want to let this happen, and so, given that markets have already come down substantially, he may well throw a bone to markets in the form of a commitment to ease up on the tightening where he can, and to change course if necessary. In short, Powell will need to perform a tightrope act of the highest calibre in order to appease both hawks and doves, and bring the economy down to a “soft landing”. What of crypto? It might be said that bitcoin, the preeminent cryptocurrency, has weathered the storm pretty well so far. A faltering economy, the war in Ukraine, future higher interest rates - all this, and the price has gone sideways, still at a similar level to when the Russian invasion took place towards the end of February. Bitcoin has put on a bit of a spurt so far this morning. No doubt in anticipation of the FOMC meeting later today. So what are the reasons for this? As mentioned above, depending on the jaw-boning after the meeting, markets across the board are likely to see some upward action. Bitcoin is due a bounce after coming down to what many believe is a last support, at the bottom of the rising channel that bitcoin has been ranging in since mid January. At time of press, bitcoin is breaking out and testing the resistance at $39,000. More fuel can be added to the breakout impetus if Powell does the expected. Expect the rest of the crypto market to follow suit should this happen. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
101 day agocoindesk
Fed Meeting Decision Looks Baked, But Outlook Is Far From Certain
The Federal Open Markets Committee (FOMC) is holding its two-day, closed-door meeting to discuss rising inflation starting today.
130 days agocryptopotato
Tezos Slashes Barrier to Become a Baker by 25%
Tezos – a decentralized layer 1 blockchain – launches the ninth upgrade with the promise of greatly improving its scalability. In the near future, Tezos is expected to host more dApps and process many more transactions on its network. With layer two solutions like optimistic rollups being introduced, Tezos considers this upgrade as “revolutionary” since […]
133 days agocoindesk
Tezos Deploys Major ‘Tenderbake’ Upgrade
The proof-of-stake blockchain has changed its consensus algorithm in order to lower block times and improve performance.
158 days agocointelegraph
Mama Bitcoin: Fishing for female empowerment with crypto in West Africa
A Senegalese woman is empowering her community with Bitcoin, blockchain and a Bitcoin bakery idea that became a crypto fishery.
198 days agocryptodaily
Fed puts damper on crypto market bounce after FOMC meeting announcement
After a very severe crypto market plunge resulting in bitcoin sliding to $33k from $69k in only a matter of 12 weeks, and a fall across traditional stock markets, all eyes were on Jerome Powell as he made his announcement after the FOMC meeting. The crypto market had bounced nicely after bitcoin seemingly found a possible bottom at $33,000. Technical indicators were signalling the potential bottom and bitcoin, perhaps having found it, rose 16.7% over the last four days. Good reverses from potential bottoms were also prevalent across the rest of the cryptocurrency sector, with ethereum up 23%, solana up 26%, and avax up 37%, among the larger cap cryptos. For this to not be a dead cat bounce, and for the crypto market to be able to attempt to disrupt and turn the downward trend around, good news needed to be heard from Fed chairman Powell. As it turned out, what Powell said was pretty much in line with what was expected. He talked about reserving the right to change Fed policy as it was needed, in response to evolving market conditions, but the first interest rate looked to still be on for March, although Powell would not be drawn on the size and frequency of rate hikes. He mentioned how wages were climbing across the jobs markets, and how supply bottlenecks were adding to the uncertainty, but he felt that this was now easing. He mentioned the massive Fed balance sheet but looked uncomfortable when he explained that his board would not address the unwinding of this, at least until rate hikes had started. As Powell answered questions from the hand-picked audience, the DXY Dollar Index spiked, which signals a stronger dollar and conversely should result in blunting the price rises seen across stock markets and, perhaps causing more downside, at least in the short term for crypto. Currently, bitcoin is down over the last hour. It has lost around 3% since the commencement of the speech. Most of the crypto market is still in the green, but the next few hours and the daily close will perhaps tell a different story of where crypto is going next. Powell didn’t really say anything new, so in theory what happens now should be already baked in. It might be said that Powell avoided giving any clear information, and he appeared to be reserving the right to completely negate any future promises. In short, it looked as though the Fed would be reactionary rather than stick to a clear plan. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
213 days agocointelegraph
Buy high, sell high: Custom pipe-maker to Snoop Dogg and Santana tokenizes bongs
“As an artist, we need a certificate of authenticity to connect to the art. NFTs act as a certificate of authenticity and create value and legacy,” said Jerome Baker Designs Founder and President Jason Harris.
233 days agobitcoinexchangeguide
Loopring Launches L2 Wallet with zKRollup Baked In, Ethereum L2 Developer StarkWare Introduces L3
Loopring also announced direct L2 fiat on-ramps to “onboard the masses” while ZK-rollups focused StarkWare targets applications’ need for specific tailoring with L3. The post Loopring Launches L2 Wallet with zKRollup Baked In, Ethereum L2 Developer StarkWare Introduces L3 first appeared on BitcoinExchangeGuide.
269 days agocryptodaily
Injective Protocol Launches Into Mainnet With $120 Million Incentives Program
Injective Protocol, the crypto industry’s first layer-2 decentralized exchange protocol for decentralized derivatives, has launched into its final, canonical mainnet. Injective Protocol has been around for over a year now, with a Solstice testnet phase that stretched back to its early days in mid-2020. Since then, the protocol has grown to a fully-fledged decentralized platform, supported through investments from luminaries in the crypto world, including Polygon’s Sandeep Nailwal, Pantera Capital’s Joey Krug, BoxOne Venture’s Josh Felker, and serial crypto investor Mark Cuban. The protocol is also backed by Binance, Blocktower, Hashed, QCP Capital, Bitlink Capital, and Figment, among others. The Injective Protocol mainnet launch was accompanied by the rollout of Astro, a $120 million incentives program, aimed at widening its user base further and is targeted to run over the course of five years. Astro will help Injective Protocol attract new market makers and provide traders with rebates on fees from using the platform. Injective Protocol is one of a few DeFi projects that offer a one size fits all approach to financial instruments, providing access to a host of cryptocurrencies. Currently, however, the protocol offers five tradable assets in the form of Injective’s native token, $INJ, Wrapped Ethereum ($wETH), Bitcoin ($BTC), Chainlink ($LINK), and Axie Infinity’s $AXS. Access to trading synthetic assets such as tokenized stocks and gold is also being considered by Injective Labs, the team behind the protocol. According to Mirza Uddin, Injective Protocol’s head of business development, the community of INJ token holders will be deliberating on listings for ETH, INJ, and BNB perpetuals, a voting phase that would occur within the month of November. "Moving forward, the idea will be to have every single market listed on Injective including low-cap [and] mid-cap [altcoins] as well as synthetic assets,” Uddin adds. Earlier in May, CryptoDaily covered the launch of Injective Protocol’s first incubated project, Burnt Finance. This event followed a $10 million Series A fundraising round in April, which attracted its primary investors, who have been attracted to the project because of its similarity to Robinhood, a popular trading platform that also offers access to crypto. In December 2020, Injective announced that it would launch top stocks like Facebook, Google, Amazon, and others on its Solstice testnet. In April, the project raised $10 million from investors like Mark Cuban and Pantera Capital to continue building out its decentralized version of the popular trading platform Robinhood, except that it operates with the core aspects of DeFi baked into its design. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
285 days agocryptodaily
$1.2 Million Investment Round Fast-Tracks reBaked To Multi-Chain DAO Infrastructure
reBaked is advancing in the development of a set of governance, management, and operations tools for DAOs and Web 3.0 ecosystems. The functionality is needed to enable projects to distribute and manage their treasuries with greater efficiency while focusing on value generation. The attraction of over $1.2 million at an oversubscribed seed round has allowed the reBaked project to fast-track the development of its decentralized grant management network and help talented individuals across markets to align their incentives with those of contributors. The safeguarding of the long-term success and financial well-being of blockchain ecosystems is at the core of the reBaked launchpad, which offers extensive tools designed to offer collaboration, growth, and governance mechanisms for all participants to reach their goals. The reBaked launchpad allows Web 3.0 projects to get enhanced deliverables faster, build stronger community bonds, decentralize faster, and achieve better return on value to all stakeholders using the native $BAKED token. The native asset is fully backed by ecosystem treasuries accumulated by incubated projects that form the backbone of the RBKD DAO. But the reBaked project offers more than just a venue for collaboration, focusing on core products that help shape the ecosystem, including: reBaked Pioneers is a reverse launchpad for designing, launching, and scaling Web 3.0 projects by soliciting the skills of a community of experts, enabling projects to build stronger foundations and attract investments. reBaked Build is decentralized grant governance and DAO payroll based on Minimum Guaranteed Payment & Bonus Payment mechanisms. All rewards in-system are based on tri-party feedback from other collaborators, the project team, and reBaked observers, ensuring fairness and transparency. reBaked CrowdHack is an advanced hackathon platform for Web 3.0 coin integration as a base currency, and escrow smart-contract functions. CrowdHack is focused on holistic feedback with an integrated discovery system identifying similar or identical solutions from other platforms, guaranteeing solution uniqueness. reBaked Playshare is an in-game revenue sharing mechanism for Play 2 Earn games for allowing metaverse asset owners to accumulate passive income and minimizing risks for players. The reBaked PlayShare service is designed to provide an in-game revenue sharing mechanism for Play 2 Earn games, allowing metaverse asset owners to accumulate passive income, and players to start without upfront investment or financial risk. Players from emerging economies will thus have a sustainable source of income generated through a creative process incorporated into gameplay, thus gamifying the financial side of making money. The reBaked project has established working partnerships with several projects. entailing the use of RBKD products. Among the most recent support groups are the communities of the Polygon, Harmony, and NEAR & Aurora projects that RBDK is targeting The project is passing through roadmap milestones and scaling rapidly. The nearest release is reBaked Pioneers, set for launch in late October. Next is PlayShare, expected in February of 2022. At present, the development team is looking ahead to Q4 of 2021, which foresees IDOs on four launchpads, the launch of a Proof of Talent Campaign aiming to recruit ten thousand community members, as well as the Rewards for Campaigns and long-awaited Staking and Governance functions. The reBaked project is achieving traction with the release of key sections of the ecosystem, all aiming to add value to both the project and all participants. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About BakeryToken

The live price of BakeryToken (BAKE) today is 0.345061 USD, and with the current circulating supply of BakeryToken at 193,529,284.57 BAKE, its market capitalization stands at 66,779,501 USD. In the last 24 hours BAKE price has moved 0.012714 USD or 0.04% while 5,894,069 USD worth of BAKE has been traded on various exchanges. The current valuation of BAKE puts it at #325 in cryptocurrency rankings based on market capitalization.

Learn more about the BakeryToken blockchain network and how it works or follow the price of its native cryptocurrency BAKE and the broader market with our unique COIN360 cryptocurrency heatmap.

Launched in September 2020, BakeryToken (BAKE) is a part of the BakerySwap ecosystem. Liquidity providers are rewarded with BAKE tokens which can be used to earn a share of BakerySwap’s trading fees and to participate in voting as part of BakerySwap’s governance process.


BakeryToken Price0.345061 USD
Market Rank#325
Market Cap66,779,501 USD
24h Volume6,923,581 USD
Circulating Supply193,529,284.57 BAKE
Max Supply607,623,273 BAKE
Yesterday's Market Cap67,746,630 USD
Yesterday's Open / Close0.337345 USD / 0.350059 USD
Yesterday's High / Low0.350059 USD / 0.331104 USD
Yesterday's Change
0.04% ( 0.012714 USD )
Yesterday's Volume5,894,068.50 USD
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