## What Is Bake Up ($BAKEUP)?

Bake Up is an automated market maker [AMM](https://coinmarketcap.com/alexandria/glossary/automated-market-maker-amm) — a decentralized finance [DeFi](https://coinmarketcap.com/alexandria/glossary/defi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return.
It launched in November 2021 and is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain.
Bake Up uses an automated market maker model where users trade against a liquidity pool. These pools are filled by users who deposit their funds into the pool and receive liquidity provider (LP) tokens in return.

## Who Are the Founders of Bake Up?

Bake Up is a Binance Smart Chain-based decentralized exchange (DEX) that was launched on 02/11/2021, by a founding team based in Germany, and an advisory team based in Japan and Netherlands, Bake Up is a fork of the PancakeSwap protocol, with a smart contract audit completed, to mitigate financial risk.

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