This is my first time farming so correct me if I have a lot of errors. One of my friend ask me to make an article on how I farm $BAKE and how to set it up so I'm here to share it with you.
Disclaimer:
This is not a financial advice, always Do Your Own Research (DYOR). Do this at your own risk.
First, you need to have a BNB so you can buy a BAKE in Binance. If you have a BNB, search BAKE/BNB in BINANCE then set you buy order. Once it is executed, then you have a BAKE. Now, all you need to do is to send your BAKE to your Trustwallet.
First, add Smart Chain on the list of your tokens in Trustwallet. If done, click Receive and copy your address. Make sure that it is correct.
Go to your Binance account, find your BAKE, fill in the important details such as withdrawal address and the number of BAKE that you want to send in Trustwallet. In our example (Photo) I used Cake since my BAKE are on my Trustwallet.
On the red color, copy your Smart Chain address. Green, click the Max button if you want to send it all to your Trustwallet. Then click withdrawal. They will ask you a verification such as email and mobile number code. Wait for the process of your withdrawal until its completed.
Note: Do this at your own risk. Make sure that the informations that you used are correct.
Don't forget to add the BAKE token on your Trustwallet so it will appear on your wallet, don't be a fool like me who thought that I lose my BAKE. Also, trustwallet will notify you if your withdrawal arrived.
When your BAKE arrived on your wallet, Be ready for Farming. First, click on Dapps tab (Color green)
After clicking the Dapps, scroll it down and Click Beefy finance (Red). Once done, click All under asset (Blue) and choose BAKE (Black).
Wait for it to reload then you will be redirect to a new page. As you can see, you will see the coin related to BAKE. Choose the second one, BAKE. They have this liquidity thing and honestly, I still don't get it so I choose the second one which is Bake only, no pairs or whatever. It's better to Do Your Own Research so you can't blame anyone but yourself only. Click on the drop down button (black) then click Deposit all (red) if you want to deposit all of your BAKE. Then click Approve, (Green).
By the way, you should have a balance on your BNB for the network fee. You can read the article attached on this text so you will know how to have a balance on your BNB.
Once you clicked approve, wait for it to reload. Then make sure that your bake is on Deposited. [Look on the photo]
After that, go back and rest. Just wait until you want to harvest it. You are done now! You are farming a BAKE!
Now, I want to share my experience on holding my $BAKE. I'm not here to brag but to inspire.
After reading articles and heard a news from my friends about their CAKE, I'm inspired on what they get and how much they get in farming and holding it. CAKE caught my attention because my friends earned a hundred dollar for hodling it for a month or two so I planned to buy it, but...PVMihalache said "for me, don't invest on what's trending, invest on what do you think that will boom after a month or the next months". This is not the exact words but the thought is there. That time, the price of BNB is ?$140 and I planned to buy BNB because I saw how it moves quickly, I experienced FOMO and bought in ?$133. Well, I waited for days but it's still not pumping so I tried to find a coin that has a low price then I found BAKE, I decided not to buy CAKE because the price of it is ?$7 but the price of BAKE is ?$0.3 so I chose BAKE over the CAKE. I bought it on February 11, 2021. Looking on its graph, I lost my hope because it is always dumping so I set a sell order but everytime I set it, the price is pumping so I am always cancelling it thinking that it will pump more. Days passed, I forgot my BAKE. I hodl it because I'm still hoping that it will pump like a CAKE. Then something happened, at February 18, 2021. It started to pump! I'm shocked on what happened on my capital, I invested ?$35 and as of writing, it is now on ?$102.05. I hope that this will continue to grow.
As of now, I decided to send all of my $BAKE in Trustwallet and do the farming.
Closing thoughts
In crypto-world, you should have a lot of patience and you need to learn to wait. Imagine if I sell my BAKE, I don't have now a ?$100. Again, always do this at your own risk. I am a newbie on farming and still on a process of learning. I'm afraid that I can't answer some of your questions, this article/tutorial is requested so I wrote it. Invest what you can afford to lose.
Thanks for reading this article!
