Here’s our 109th AMA recap!
Thank you to the Infinity Chain for participating in Ask Me Anything (AMA) with BabySwap July 28, 2021. This guest star,
- Baby A — Global Business Director
INTRODUCTION
Baby A | BabySwap :
Surely. 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.
And this is why I joined BabySwap ;))
QUESTIONS MODERATOR
Could you provide a simple description BabySwap?Baby A | 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.
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.
What are the advantages of BabySwap? How is BabySwap AMM structure better than other projects?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
All these features empower BABY with various utilities and deploy a healthy ecosystem around BABY. And we will dive deeper into these features in the following sessions.
Can you share about the tokenomics BabySwap? How BABY tokens comes into play in your ecosystem?Baby A | BabySwap :
BABY is the core token that powers the BabySwap ecosystem. Its use cases explore in different use cases and can be earn through trade mining, yield farm and snack pool. And the Snack Pool actually include our NFB pool.
[Total Supply] 1 billion BABY
[Allocation]
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%
Security is the main thing that is very concerned by everyone. What actions does the BabySwap take to maximize its security?Baby A | BabySwap :
Security is absolutely the most important.
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.
Certik Audit Report: https://www.certik.org/projects/babyswap
Github: https://github.com/babyswap/baby-swap-contract
Can you please tell us the current BabySwap roadmap? How far has BabySwap been developed at this time? and what will you realize in the future?Baby A | BabySwap :
Here are the key numbers we made so far:
TVL: $9,500,000+
Ave. 24H Volume: $9,500,000+
We ranked trading volume №1 on Treasureland for three weeks, exceeding PancakSwap NFT and Binance NFT.
We just launched our NFB staking a few days ago. People love it! And we plan to have: BabySwap’s first IDO and bottle growth fund officially release in the near future. Also we are hosting a NFT Olympic Campaign with @TreasurelandNFT which will continue to early August. And new farm and pools coming along.
QUESTIONS TWITTER
For AMM the 2 biggest risk it has is Impermanent Loss and Slippage. How will BabySwap avoid Impermanent Loss and Slippage during fluctuations in price? And how will users balance out their losses when such happens?https://twitter.com/Lidiamga/status/1419939266495344641?s=19
Baby A | BabySwap :
The way to avoid price slippage is to keep sufficient liquidity for the trading pairs. When we open farms and pools, a certain amount of liquidity of that token will be locked though out the farm/pool duration so our users won’t suffer from price slippage. While as an AMM DEX, Impermanent Loss happens for farm cause this is how AMM works, users earn BABY with pool and trade mining for almost free.
Babyswap has a growing liquidity model. What strategies will you employ to prevent $BABY from having long-term liquidity problems? What strategies have you developed to create a stable price supported by liquidity and, in turn, increase the price of the token?https://twitter.com/ShinPoka9984/status/1420084325748416512?s=19
Baby A | BabySwap :
In the period of BabySwap 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. So BABY’s liquidity will keep increasing. We will keep empower BABY with different utilities and deploy a healthy ecosystem around BABY. SO along with the technical deployment, when users get enough benefits while holding BABY.
What kind of partnership does BabySwap currently have? How can the BanySwap partnership help the ecosystem? And can you give us some examples of how other projects can take laverage of BabySwaphttps://twitter.com/Vin8517/status/1420208986247204866?s=19
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, Ontology, SafePal Wallet, TokenPocket, CoinGecko, Helmet Insurance, SeaScape, BinaryX, etc. We plan to have a rapid expansion our BabySwap Friends list. New farms and pools are in preparation. Follow up so you don’t miss anything.
It is also mentioned BabySwap surpassed the Pancakeswap in NFT sales. So it means your NFB trading volume is higher than pancakeswap? Can you give more details about this?https://twitter.com/shihadk6785/status/1419935833944059906?s=19
Baby A | BabySwap :
Yes. Let me show you the ranking details.
NFB (Non-Fungible Baby), refers to BabySwap minted NFT that not only a piece of art. BabySwap ranked trading volume №1 on Treasureland for three weeks along from we listed. People are collecting and trading our NFB and they made good profit!
We release different NFB limited edition series about 2–3 times a week. Also, users can trade NFB on Treasureland or trade them over the counter.
Each NFB will have its face value, such as 1000 BABY. Users can stake their NFB into the NFB staking poolwith the face value, but earn with a higher APR.
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?https://twitter.com/Hirushi68835598/status/1420134596927057921?s=19
Baby A | BabySwap :
Simply put trade mining, you will get BABY mining reward every time you trade on BabySwap. 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.
QUESTIONS TELEGRAM
What is the mission and vision of BabySwap ? What kind of problems / use cases does BabySwap hope to solve?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.
What are the special advantages of Avalaunch to be able to defeat another competitor when the project’s goal has too many previous projects doing and developing?Baby A | BabySwap :
Our advantages are convenience and low cost. The basic features are the same as PancakeSwap — swap, farms, and pools. Besides, BabySwap also has some innovative optimization and support services, including Trade Mining and Milk Bottle growth fund.
And Tether (USDT) route is another advantage that makes BabySwap special.
Unlike other AMM decentralized exchanges on Binance Smart Chain, our recommended route is Tether (USDT), not Binance Coin (BNB) or Binance USD (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 the arbitrage. Now it’s a wealth code.😉
How many killer features of Your project that makes it ahead of its competitors? Could you tell us 2–3 features ?Baby A | BabySwap :
Well one of the features I love the most is bottle. 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.
Can you briefly outline some of the utilities of the BABY token in respect to its use cases and how beneficial it will be to holders in the long term?Baby A | BabySwap :
BABY is the core token that powers the BabySwap ecosystem. Its use cases explore:
-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
Where can I buy your tokens right now?? what is your current contract and how can I buy them?Baby A | BabySwap :
Now you can buy BABY on BabySwap and PancakeSwap.
👉🏻Buy BABY on BabySwap
Link: https://exchange.babyswap.finance/#/swap
👉🏻Buy BABY on PancakeSwap
Link: exchange.pancakeswap.finance/#/swap
BABY Contract Address: 0x53E562b9B7E5E94b81f10e96Ee70Ad06df3D2657
- Telegram Chat : https://t.me/baby_swap
- Telegram Channel : https://t.me/BabySwapAnnouncement
- Twitter : https://twitter.com/babyswap_bsc
- Website : https://babyswap.finance
- Medium : https://babyswap.medium.com/
- Github : https://github.com/babyswap
- Docs : https://docs.babyswap.finance/
- Certik : https://www.certik.org/projects/babyswap
Thank you for trusting Infinity Chain as the organizer of the event today, hopefully everyone can understand about BabySwap.
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