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Find out more about the Bake Token, NFTs and BakerySwap in general with the “Guides” menu on the right hand side.

Our latest community news & updates are listed below, most recent first:

Bake-onomics: Emissions

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TLDR;

  • Go to Bakeryswap.org for summary – if you want details read below
  • We have 271 days (as of writing this article), or until August 21, 2021, before all emitted
  • Earn more and keep on earning

For specifics:

Alright – what the hell is going on again?

Remember kids, always head over to Bakeryswap.org for the latest details. No need to add other screenshots or ask other questions – just go to the link above and all will be good.

But I really want to know the formulas again:

Ok – you asked again. So here goes the formulas for all things things emitted:

Number of blocks in a day * Rewards per block = Rewards released per day

Summation of all rewards released = 731,745,000

This is 731,745,000 because this is what is claimed in the Medium article

Here is the Google sheets calculator and sample screenshot (of a part of the calculator) below. But check the calculator more details.

Ok so this means?

If you take a look at the Excel, then that means on the 364th day from now (which is then August 21, 2021), we will not have any more left.

What happens then?

Well then make sure you hold on to your $BAKEs, because every token is more expensive.

So are you saying earn $BAKE now?

Yes! Take a look at the graph, and we are here (see day 72 as of today). So it’s best to keep on earning before there isn’t any $BAKE left to earn.

Bake-onomics: How many damn $BAKEs are there?

TLDR;

  • Go to Bakeryswap.org for summary – if you want details read below
  • We will have 144mn or so (based on website ) of total circulating supply
  • We are at 68% of the way there minted

For specifics:

Alright – what the hell is going on?

Remember kids, always head over to Bakeryswap.org for the latest details. No need to add other screenshots or ask other questions – just go to the link above and all will be good.

But I really want to know the mechanics. Pretty please pretty please.

Ok – you asked. So here goes the formulas for all things $BAKE:

Bake in circulation = Bake total supply now – bake burned 

Bake in circulation + Bake that will be farmed + burned bake -bake to be burn = Initial total supply

So let’s see those variables:

  • Bake Total Supply now: according to BSC scan, it is 336,028,667
  • Bake that will be farmed: we’ll figure that one out later
  • Bake Burned: As of right now, there’s about 237,580,212. You can check yourself by going to BSC scan and applying the filter of the dead address.
  • Bake to be burn: I don’t have the BSC address, but on Bakerswap.org, there’s 4,184,541 now.
  • Initial total supply: According to the first ever Medium post, there are 731,745,000. 

Ok this is now gibberish and I don’t have a degree in astro-physics – what do you mean?

Ok so let’s plug in the variables into the formulas:

Bake in circulation = Bake total supply now – bake burned 

Bake in circulation = 336,028,667 –  237,580,212

Bake in circulation = 98,448,455

And the other formula:

Bake in circulation + Bake that will be farmed + bake burned -bake to be burn = Initial total supply

98,448,455 + Bake that will be farmed + 237,580,212 +i thin 4,184,541 = 731,745,000. 

Bake that will be farmed is = 391,531,792

Whoa whoa whoa – hold on cowboy! Don’t we only have a limited supply? Why do you say farmed amount of 391mn or so and then end up with 144mn limited supply

Yes we do! I’m glad you asked – and that’s because for new emissions we are burning about 90% of Bake that will be farmed. So what happens is, let’s derive a slightly different formula but about the same really:

Bake in circulation in the future = Bake in circulation + (bake that will be farmed – Bake burned)

Bake in the circulation in the future = 98,448,455 + (391,531,792 – 90% *391,531,792)

Bake in the circulation in the future = 137,601,634

**** Disclaimer: I’m well aware I’m off by about 5%, but I’ll come back and solve for that later ****

Bake-onomics: in the Earning tab

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So what’s happening really?

So the simple explanation is that there are two parts to earning rewards from Baked goods. The first part is how many $BAKE is given out per day, and then how many of those $BAKEs you get by staking your $BAKE.

Chapter 1: How many $BAKEs are there per day?

First let’s look at some terminology:

Blocks: Blocks store information about transactions in the blockchain.
Emission: The rate at which blocks are made. Emission rate for a day can be called Blocks per day.

Rewards per block: How many $BAKEs are released, or emitted, per new block.

Multipliers: Every pool is given a multiplier according to which the rewards are allocated into each pool.

BAKE rewarded: After all the multipliers are calculated and burned, how many actual $BAKE tokens are rewarded.

Or for the technically minded, $BAKE rewarded to a pool per day= Blocks per day * Rewards per block * Multiplier of the poolTotal Multipliers.

Chapter 2: What proportion of the total $BAKE do you receive?

Again, let’s look at some terminology

Stake: The process of giving the $BAKE token into Bakeryswap in order to get returns.

Staking power: A power value proportional to the stake you provided. (For Combo pool Your BAKE quantity * random factor= Your Staking Power).

Staking Percentage: How much stake you provided, versus how many other staked as well (Total staking power of that pool). So if you stake 100 in a pool where a total of 1000 was staked, you have 10% of the staking pool (100 divided by 1000)

Rewards: The amount of tokens you receive for your staking power.

Or the technically minded, $BAKE rewarded to you per day = $BAKE rewarded to a pool you staked per day * your staking percentage.