Binance x BakerySwap Airdrop is worth $100,000 in BAKE tokens along with ETH 2.0 staking rewards to users that provide liquidity to the eligible BETH pairs on their platform.
About BakerySwap & BETH
Binance and BakerySwap officially are launching an ETH2.0 cross-chain token called ‘BETH’ in order to reduce the high request of 32 ETH for participating in ETH 2.0 block producer, to increase the liquidity of users’ fund, and to provide Binance Smart Chain' (BSC) users with a higher annual return.
BETH is a tokenized asset representing your staked ETH on a 1:1 basis. This token has two features:
- When ETH 2.0 goes live, users can swap BETH to ETH at a 1:1 ratio.
- Binance distributes BETH rewards to users' spot accounts daily according to users' BETH position.
BakerySwap is a DeFi fork of the Uniswap and SushiSwap implementations with altered reward calculation mechanisms. BakerySwap is the first AMM + NFT exchange on BSC. The maximum supply of BAKE tokens is 731,745,000.
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How to join the Binance x BakerySwap Airdrop?Requirements to earn free crypto coins
Native blockchain
Step-by-Step Guide ''Binance x BakerySwap Airdrop''
- Sign up for Binance x BakerySwap Airdrop by having a Binance account.
- Stake ETH on Binance.com to get BETH. Your stake cannot be redeemed during the first phase, it may take more than 2 years. Binance tokenizes BETH as the only proof of your staked ETH in a 1:1 ratio.
- Create a Binance Smart Chain wallet.
- Withdraw the $BETH from your Binance.com account to your Binance Smart Chain wallet.
- Provide liquidity to BETH trading pairs on BakerySwap 'Exchange' page to obtain LP tokens.
- Stake the LP tokens on the 'BakerySwap ETH2.0' page.
- Done! Now you’re earning BAKE tokens, ETH 2.0 rewards worth $90,000 and qualify for the $10,000 BAKE Airdrop!
Reward Distribution:
- $90,000 in BAKE rewards allocated across the three BETH pairs (BETH-ETH, BETH-BNB, BETH-BUSD) as liquidity mining rewards.
- $10,000 in BAKE as a guaranteed airdrop to any users that farm any of the three BETH pairs (BETH-ETH, BETH-BNB, BETH-BUSD) on BakerySwap during the activity period and will be shared equally amongst all eligible users.
- ETH 2.0 staking rewards (distributed for harvesting once daily).
For more information, check the Binance Airdrop blog.
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