The Bakery Token fuels the Bakery Swap ecosystem, which offers liquidity pools for a variety of altcoins. Users can earn BAKE tokens by providing liquidity on Bakery Swap's platform in exchange for a portion of the trading fees generated. Bakery Token holders can also use their tokens to participate in governance voting and to receive transaction fee dividends. Bakery Swap uses a decentralized automated market-making (AMM) protocol that is built on the Binance Smart Chain. It was created by an anonymous group of developers and is governed by a DAO structure.

0x is a decentralized exchange built on the Ethereum blockchain that allows for ERC20 tokens to be traded. 0x hopes to serve as a building block for creating decentralized exchanges.
It is an open-source system of smart contracts that acts as a platform for those wanting to build with the 0x protocol. Augur, Aragon and several other projects are using 0x, at the moment.
The 0x protocol addresses some of the common issues that plague other decentralized exchanges. 0x is faster, more liquid, and less expensive to run. Its speed is due to reduced blockchain congestion. This is achieved by moving all transactions off of the blockchain and then verifying them. This move, also allows for the elimination of transaction fees by reducing the reliance on the blockchain. 0x doesn’t charge fees of any type to use the protocol. However, Relayers that create their own decentralized exchange can charge fees.
The 0x Project uses the 0x Ethereum token, known as ZRX, that allows users to pay Relayers’ transaction fees. It is also a decentralized form of governance for the 0x protocol system. Anyone holding ZRX can give input about improving the protocol.