Binance-backed decentralized exchange BakerySwap (BAKE) has announced that it will be launching a price-protected meme coin project.
BakerySwap has announced a “mysterious meme coin” as its new Launchpad project. It is stated that this meme coin will have a groundbreaking price maintenance policy.
Following these statements, the BAKE price rose by 11%, climbing from $0.26 to $0.30. However, the rise did not last long and a pump-dump was experienced, dropping to $0.27.
The BakerySwap team stated that the mysterious meme coin project in question will have a total supply of 10 billion, 80% of which will be allocated to Launchpad participants and 20% for liquidity and airdrops.
Stating that the airdrop distribution will be made to cryptocurrency influencers and various communities, the team requested a private message be sent on the subject:
We are launching a series of airdrop events with various communities. If you are an influencer, please DM us.
Stay tuned for new information.
