Take note: BakerySwap will be unveiling an innovative memecoin project on October 22.

This platform serves as both a decentralized exchange and a hub for non-fungible tokens (NFTs). BakerySwap Details have been shared about the upcoming memecoin initiative, launching at 3:00 AM UTC on October 22nd.

The new token will be built on the Ethereum blockchain and will have a total supply of 10 billion tokens. The allocation strategy reveals that 80% of these will be available through the Launchpad, while 20% will be reserved for liquidity and airdrop purposes. All tokens will fully enter circulation following the Token Generation Event (TGE), which will also unveil the token, with trading expected to kick off after the token sale on October 24th.

BakerySwap indicates that the launch will feature 8 billion tokens, with the initial pricing established by dividing the total ETH raised by these 8 billion tokens.

In a noteworthy departure from prior projects, this one introduces a price protection feature, ensuring the token’s value won’t dip below the original offering price, while still allowing for healthy liquidity. All ETH contributed will flow into the liquidity pool at the established initial price. Furthermore, any tokens sold for ETH at this price will be burned, leading to a deflationary impact and reinforcing the scarcity of the token. Uniswap V3 🚀 Prepare your ETH now so you can join in on the action!

PUMP Memecoin Reaches $100M In Pre-Sale 

The platform has previously rolled out numerous projects on its Launchpad, including well-known names like IQ50, BitcoinVM, 20EX, and OSKy. Recently it made headlines with a project that garnered $100 million during its pre-sale. After a successful token airdrop, 28% of the leftover PUMP tokens were burned following a community vote that favored the move. Furthermore, participants received refunds amounting to 101% of the tokens they used for voting.

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