AMA RECAP — Whale Blockchain Enthusiast with BabySwap
Dear community Whale Blockchain Enthusiast, On 19th of July 2021, BabySwap conducted an AMA in the Whale Blockchain Enthusiast. Our guest is Baby A, Global Business Director of BabySwap.
Lots of questions as usual from the Community about BabySwap progress. The BabySwap team took part in a very interesting AMA session which included Project introduction, Questions from twitter, and a live AMA session with the WBE community. If you missed the AMA in person, read this recap for a deeper insight into BabySwap.
Let’s take a look at the most interesting points of our conversation.
🐳 Segment 1: Project introduction
For new community members can you please Start by introducing yourself and telling us a bit about your background in the blockchain space and BabySwap ?
Baby A | BabySwap: Of course. Hello all, Baby A here, Global Operating Director of BabySwap. Happy to answer your questions.
I have worked in and around crypto since 2017 helping start-ups in the space. I worked with wallets, OTC trading platforms and top tier DEXs. I have a deep interest in exploration of new ways to use tokenomics to build financial service and ecosystem. That’s why I joined BabySwap.
thanks for the introduction, can you explain a bit about BabySwap ?
Baby A | BabySwap: Sure. So BabySwap is devoted to building the best AMM+NFT BSC decentralized exchange for newborn projects, providing a more friendly trading experience and better project support.
So basically you can do swap, farm, and pool on BabySwap. We provide trade mining, growth funds to projects farming on BabySwap. And we have our own NFB series which can be used for staking and will launch the NFT marketplace in Q3.
Can you tell us what advantages BabySwap from other AMM ?
Baby A | BabySwap: Besides the basic features that are the same as other AMM DEXs — swap, farms, and pools, BabySwap has some innovative optimization and support services:
I. Trade mining
II. Tether (USDT) route
III. BabySwap NFBs & NFT marketplace
IV. NFB Staking
V. Bottle growth funds
Also, while BabySwap support both mainstream coins like BTC, ETH, DOT, we are more focused on “Baby” projects who have more potentials and stunning performance. And we will dive deeper into these features mentioned above in the following sessions.
What does BabySwap offer to your potential partners who want to register their tokens listed on your DEX ?
Baby A | BabySwap: First of all, as all the AMM DEX, projects can “list their BEP20 Tokens” on BabySwap. It means to add liquidity of this token’s trading pair, so that people can swap this token on BabySwap.
BabySwap is designed for “baby” projects. So newborn projects are the most welcoming. Projects can have their coin listed in BabySwap farm and pool. And they can take part in the Bottle growth fund campaign. To put it up front, although BabySwap is open for all start-ups, we still have certain standards for cooperating projects. This is to ensure our users’ safety and the sustainability of platform.
May i know what projects have recently joined BabySwap?
Baby A | BabySwap: Well the most recently listed farm/pool is AXS. And we also had TFI, BP, SHARK, DOGGY, ect. For now there are 41 live farms and 11 pools, all with juicy APR. Make sure to check them out.
Can you explain what is NFB and the advantages for those who have it?
Baby A | BabySwap: NFB stands for Non-Fungible Baby, a piece of BabySwap minted NFT that not only a piece of art. Each NFB will have its face value, such as 1000 BABY, which can be used to stake 1000 BABY in the pool, but earn with a higher APR.
Meanwhile, BabySwap ranked trading volume №1 on Treasureland for three weeks along from we listed, exceeding PancakSwap NFT and Binance NFT. People are collecting and trading our NFB and they made good profit!
Almost 80% investors have just focused on price of token in short term instead of understanding the real value of the project. Can you tell us on motivations and benefits for investors to hold your token in long term?
Baby A | BabySwap: BABY is the core token that powers the BabySwap ecosystem. Its use cases explore as:
- -Stake BABY in Snack Pools to earn free tokens\
- Use BABY and USDT in Yield Farms to earn more BABY\
- Purchase BabySwap NFTs and NFBs
These features are now under deployment and will be released very soon:
- Vote in Bottles to help projects win growth fund\
- Mint NFBs and stake NFB to earn more BABY with a faster speed
- Exchange to vBABY to get VIP privilege
All these features empower BABY with various utilities and deploy a healthy ecosystem around BABY. Investors can enjoy much passive income. And they can choose to stake BABY and reward themselves in different tokens as another form of investment.
A big bonus is that, we are now working on our first IDO, and more IDO projects already lined up. BABY top holders will have privilege share in BabySwap IDO.
🐳Segment 2: Questions from the Twitter
Question from @Binance_warior
What is the purpose and your expectation from build this project on the future ? And whats your highest Achievment that you want to reach with build this project on cyptospace ?
Baby A | BabySwap: We position BabySwap as a DEX that provides a more friendly trading experience and more supportive services for small and middle projects.
We believe that Defi ought to be the finance service that easy for everyone to participate, for both individual and professional users. While we noticed that, there are a lot of crypto start-ups that focusing on real-world problem-solving and do create value, but usually lack of attention, business resources or initial capital. We hope to offer baby projects and baby users a more easy-to-use platform for trading, coin listing, promoting, and even value growth.
Question from @satoshinreal
BabySwap has launched a comprehensive NFT ecosystem, including NFB (Non-Fungible BABY). Can you explain a little about NFB, is it different from NFT in general? And how, so that I can get NFB? thank you
Baby A | BabySwap: NFB(Non-fungible BABY) is a piece of NFT that has a certain face value of BABY and can use for staking. So it is a piece of art collection so as a staking value. Presently you can buy NFB on treasureland. We release limited editions 2–3 times a week. Follow up our social media so you don’t miss out.
Question from @Emoetluph
why does BabySwap recommend USDT as a swap route? as we know BNB & BUSD are very popular nowadays?
Baby A | BabySwap: Unlike other AMM decentralized exchanges on Binance Smart Chain, our recommended route is Tether (USDT), not Binance Coin (BNB) or Binance USD (BUSD). Because Tether is still the mostly used stable coin according to wide investigation. So with the shortened router, swap on BabySwap is convenience and low cost.
Tether (USDT) route is the advantage that makes BabySwap special. Arbitrage between BabySwap and other DEXs or CEXs can cost much cheaper. Not to mention that you can get trade mining rewards along with the arbitrage. Now it’s a wealth code.😉
Question from @Jokopri54739901
Community is important for the progress of a project. How many users are currently using the Babyswap platform? Is it on target or not? And what’s the future plan to increase Babyswap users?
Baby A | BabySwap: Counting all the features of farm, pool, swap router and NFB, BabySwap now has over 50K active users. We have issued NFB special edition for BabySwap’s first-month supporters, airdrop to PantherSwap, Alpaca, Doggy Finance active users. This is to benefit our supporters and spread awareness to different communities.
On the other side, we did a lot work of marketing and community establishment to spread awareness about your project in different countries where English is not spoken. And we will have a rapid expansion on the new farm/pool list to bring the hype.
🐳Segment 3 : Free Asking / Live Questions
Telegram User: How can I calculate the BABY tokens we can earn with Trade Mining? How many BABYs will I get for each transaction on coin swap on BabySwap??
Baby A | BabySwap: Let me explain what is trade mining. Simply put, you will get BABY mining reward every time you trade on BabySwap. Normally there are 28 trading pairs available for trade mining, which is also the same as our farms. 40% of the $BABY block emission will become trade mining rewards.
Your rewards depends on your unclaimed trading volume/the total unclaimed trading volume*total trade mining emission. It’s just profitable.
Telegram User: Can Babyswap talk about some deadly features that can make your project stand out and give it a competitive edge among competitors who are constantly making new updates and offering new products?
Baby A | BabySwap: Definitely the bottle growth fund. Each week, 0.05% of the trading fee of the whole BabySwap will be bought back into BABY as the Bottle growth fund. Only the projects with top trading volume can be listed in our bottle campaign. Users will be able to vote with BABY to support their favorite projects, and the winners each week will share the growth fund. We expect to open the Bottle segment in July. Follow us and stay tuned.
Telegram User: Sir, Can you explain how is your Tokenomics Distribution? How many tokens Will be minted? And How many tokens Will be locked by the team??
Baby A | BabySwap: Here is the tokenomics and emission distribution:
[Total Supply] 1 billion BABY
1% for ILO
9% for partnership with ecological construction — unlocked linearly in 9 months
10% for development — unlocked linearly in 20 months
80% for BABY community through block emission
[Block Emission Distribution]
Trade Mining — 40%
Yield Farm — 40%
Snack Pool — 20%”””
Telegram User: The most important thing is to create a smart contract audit. so did you make any audit or are you going to make in the future?
Baby A | BabySwap: Absolutely. Our team gets all the security concerns from users. We value our users’ and investors’ assets security. So we have BabySwap passed the CertiK audit process, build deep cooperation with CertiK using their Skynet service and we are an open-source project. And BabySwap will never have lending business. So your funds are safe here.
Telegram User: Collaboration and partnerships are one of #BabySwap cornerstones to making DeFi more widespread, Can you share some of the partnerships you have formed with existing blockchain foundations recently?
Baby A | BabySwap: We have launched two plans to build corporation with outstanding partners in the crypto world — BabySwap Friends and Special Baby Series. We now have a close partnership with great crypto medias like BSC news, BSC Daily, and BSC army. Also me build strategic relationship with CoinMarketCap, Binance, ONTO Wallet, SafePal Wallet, TokenPocket, CoinGecko, Helmet Insurance, etc. We plan to have a rapid expansion our BabySwap Friends list. New farms and pools are in preparation.
Telegram User: Where can I buy your tokens right now?? what is your current contract and how can I buy them?
Baby A | BabySwap: BABY Contract Address: 0x53E562b9B7E5E94b81f10e96Ee70Ad06df3D2657
Now you can buy BABY on BabySwap and PancakeSwap.
👉🏻Buy BABY on BabySwap
👉🏻Buy BABY on PancakeSwap
Thank you again for giving our community the opportunity to in introduction and I hope BabySwap will get better in the future
Baby A | BabySwap: Thank you for having me! really enjoyed, wish the Whale Blockchain Enthusiast community a great day!
For more information and future AMA, join our Social Media channels:
🐳 More information on BabySwap :
🔸Telegram ANN: https://t.me/BabySwapAnnouncement