BSC Month Series: CoinTiger AMA Recap with BABY (BabySwap）
BABY is the core token that powers the BabySwap ecosystem. BabySwap is the best AMM+NFT DEX for newborn projects on Binance Smart Chain (BSC), providing a more friendly trading experience and better project support.
Session1: QA with the Project representative
Q1. Can you briefly introduce yourself as well as BabySwap?
Hello, everybody from BlockElite Group. I’m Baby A, Global Business Director of BabySwap. 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.
Q2. How did you come to the idea to create BabySwap project? Why did you choose the name BabySwap? Does it have special meaning and is there any story behind this name?
The name BabySwap comes from our initial reflections and vision. We believe that Defi ought to be the finance service that is easy for everyone to participate in, for both individual and professional users. While now the situation is, your capital determines how profitable you are. This makes a threshold for Defi.
Newborn projects usually lack experience or initial capital, so we position BabySwap as the best Dex and asset management choice for newborn projects on Binance Smart Chain. We hope to offer baby projects and baby users a more easy-to-use platform for trading, coin listing, promoting, and even value growth. Our model is very much like a baby wonderland and that’s how the theme “Baby” came. One baby can have enormous potential and strength, and this is what we initially visioned and hoped to offer.
Q3. How can BabySwap generate profit/revenue to sustain your project, and what is its business model?
Just like PancakeSwap, BabySwap provides swap, farms, and pools. As a decentralized exchange, BabySwap profits on the trading fee.Users and investors earn on BabySwap mainly in three ways: Trade Mining, Yield Farms, and Snack Pools:
[Trade Mining]: Swap tokens on BabySwap and get BABY as a reward for every trade.
[Farms]: Stake Altcoins-USDT to earn BABY. Presentl APR about 50%-1000%. Pretty juicy!
[Pool]: Stake BABY to earn BABY. Present APR about 600–700%
You can save our website for further exploration :)https://exchange.babyswap.finance/#/swap
Q4. What are the main competitive advantages that BabySwap has over other swaps such as apeswap, pancakeswap, sushiswap, uniswap, etc …?
Our advantages are convenience and low cost. Except for the basic features as PancakeSwap — swap, farms, and pools, BabySwap also has some innovative optimization and support services, including Trade Mining and Milk Bottle growth fund. Growth fund attracts listings, and trade mining attracts transactions. And Tether (USDT) route is another advantage that makes BabySwap special.Unlike other AMM decentralized exchanges on BSC, our recommended route is USDT, not BNB or BUSD. Arbitrage between BabySwap and other DEXs or CEXs can cost much cheaper. Not to mention that you can get trade mining rewards along with arbitrage. Now it’s a wealth code.😉
Q5. I also see that you have a feature called “Trade Mining” . Can you explain what that is to the viewers?
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. It’s just profitable.
Session 2: Open Questions by the Community
Q1.There are lots of swaps coming how can u think u will over to them and give long term services?U have one feature Of MILK BOTTLE can u explain about it ?
🏆About Bottle Campaign, Each week, 0.05% of the trading fee 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 late June. Follow us and stay tuned.
Q2. Trust and security is very important in any business , what makes investors , customer and users safe secure when working with your project?
✅First of all, BabySwap is a decentralized platform. Unlike centralized exchanges, BabySwap doesn’t hold your funds when you trade: you have 100% ownership of your tokens, and you can trade directly from your wallet.
➡️So your funds are safe here.
Q3.Do you do buy back or token burn to increase the value and drive scarcity. If not, do you have plans for such in the future?
✅ In the period of Bubbly Baby, which is our special farm/pool event, 50% trading fee will be buyback to BABY, and the other 50% will be exchanged to USDT to provide LP for BABY-USDT.
✅Meanwhile, these LPs used for BABY-USDT will be burned, which means this part of liquidity is locked.
Q4. Also, 0.05% of the trading fee of the whole BabySwap will buy back BABY and burn every week.
We see NFT as one of our most valuable elements.
➡️As a People’s DEX, we want to explore the infinite limit of the crypto world by providing various types of assets, including newborn projects and NFT.
➡️We have this amazing brand image, and we are going to make it in different NFT series. Our ultimate goal is to build the bridge for Crypto worlds and arts outside of the crypto. Baby is the future, NFT is the next step to the future.
Q5.Can you share to us your tokenomics? How much is the total and circulation supply of your tokens? Will there be buy back system or token burning in the future?
About BABY tokenomics:
👉[Total Supply] 1,000,000,000 BABY
1% for ILO (Initial Liquidity Offering)
9% will be used for partnership with ecological construction — unlocked linearly in 9 months
10% will be used for development — unlocked linearly in 20 months
80% will be allocated to BABY community through block emission
👉[Block Emission Distribution]
Trade Mining — 40%
Yield Farm — 40%
Snack Pool — 20%
🏆So you see farming and trade mining share the same distribution. Trading on BabySwap gets you a high reward. And I think we are all good for this session :))
The correct answers will be bolded
- What is token of BABY?
2. What trading pair is available on CoinTiger?
3. On which blokchain is BABY based?
4. Which one is the official twitter of BABY?
5. How many trading pairs available for trade mining?