Thank you to everyone who joined AMA Blockelite x BabySwap on 10th June at 03:00 PM UTC I 10:00 PM (UTC+7). Here is the recap for those who missed this AMA.
Yuno – Blockelite Host: Hello fellow Eliters and welcome to another Blockelite AMA Series
So ladies and gents, Our special guest today is Baby A – BabySwap team
Hello @babyswap_Aura , welcome to Blockelite today
Baby A – BabySwap team: hello Blockelite community
Yuno – Blockelite Host: Hey Baby, nice too meet you here today
and How are you today?
Baby A – BabySwap team: We are having a great day!
Yuno – Blockelite Host: So great!
On to the Segment 1 of our AMA, we hope you’re ready for the next few questions coming at you!
Baby A – BabySwap team: Of course
Yuno – Blockelite Host: Our guest is ready, we will enter Segment 1 right now !!!
Q1: Can you briefly introduce yourself as well as BabySwap?
Baby A – BabySwap team: 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.
So basically you can do swap, farm, and pool on BabySwap. We provide trade mining, growth funds to projects farming on BabySwap. And we will launch the NFT marketplace and our own NFT series.
Yuno – Blockelite Host: I love NFT
Thank you, for your introduction, our pleasure to have you join us today
Q2: Why did BabySwap choose BSC (Binance Smart Chain) instead of Ethereum?
Baby A – BabySwap team: BabySwap strongly believes that low cost, transaction speed, and accessibility matter.
Binance core is “Lead, not follow” which is what we respect.
And no doubt! Binance Smart Chain is the best, with most baby projects, the largest DeFi users, the cheapest gas fee, and the fastest transaction speed.
Yuno – Blockelite Host: Thank you, next question
Q3: How can BabySwap generate profit/revenue to sustain your project, and what is its business model? How do your investors and projects become a win-win situation?
Baby A – BabySwap team: 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. Present 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 🙂
Can you tell some altscoins that we can farm?
We now have 29 farms and tomorrow will have a new farm
Yuno – Blockelite Host: wow 30 farms 🙂
Baby A – BabySwap team: Including major BSC coins like CAKE, BAKE, SAFEMARS, also some main net coins including BTC, ETH, MATIC.
Yuno – Blockelite Host: oh Matic 🙂 layer2
Baby A – BabySwap team: Yep, just take a look yourself and see if your coin in hand is listed 🙂
Yuno – Blockelite Host: Sounds great, thanks for sharing 🙂 We will have a new farm tomorrow, everyone can join it
to make big profit
And you can also use $Baby to earn more $Baby
Q4: We all know that security is really important and valued by users these days. What security mechanisms does BabySwap have to ensure users’ assets do not become targets for hackers? Do you have an audit plan through a third party?
Baby A – BabySwap team: 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.
Also, our team gets all the security concerns from users. We value your security.
So we have BabySwap passed the CertiK audit process: https://www.certik.org/projects/babyswap
And we are an open-source project: https://github.com/babyswap/baby-swap-contract
So your funds are safe here.❤️
Yuno – Blockelite Host: yes, your fund are safe with Babyswap
Last question in segment 1
Q5: DeFi is becoming more and more popular, what is the marketing plan for BabySwap in the upcoming time?
Baby A – BabySwap team: We have launched two plans: Bubbly Baby and BabySwap Friends, both to build a corporation with outstanding partners in the crypto world.
We now have a close partnership with CoinMarketCap, SafeMars, ONTO Wallet, SafePal Wallet, TokenPocket, SeaScape, BSC news, CoinTiger, etc. lllllllllllllllllllllllll
We plan to have a rapid expansion of our BabySwap Friends list. And there are plenty of new farms and pools upcoming.
Yuno – Blockelite Host: Nice partners
We wrapped up nicely the first part.
Are you ready for Segment 2 (5 best questions from twitter)?
Baby A – BabySwap team: Sure. Let’s get started
Yuno – Blockelite Host: Our guest is ready, we will start Segment 2 right now !!!
Q1: BabySwap is a great project..but we know that sometimes the token gets burned and it increases the token’s value. Does your token have any Coin Burn/BuyBack system, or do you have that plan to increase the value of your token and attract investors to invest?
Baby A – BabySwap team: 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.
Also, 0.05% of the trading fee of the whole BabySwap will buy back BABY and burn every week.
Yuno – Blockelite Host: Burn token every week =)
Q2: What is your background and 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?
Baby A – BabySwap team: 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.
Yuno – Blockelite Host: Everyone love Baby 🙂
Baby is future 🙂
Q3: Can you share with us your tokenomics? How much is the total and circulation supply of your tokens?
Baby A – BabySwap team:
[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%
If you are interested in our tokenomics, save this for later reading: https://docs.babyswap.finance/tokenomics/baby/baby-tokenomics
Yuno – Blockelite Host: Got it
Continue with Q4
Q4: What are the main competitive advantages that BabySwap has over other swaps such as apeswap, pancakeswap, sushiswap, uniswap, etc …?
Baby A – BabySwap team: 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.😉
Yuno – Blockelite Host: Ok, last question of this segment, everyone please prepare good questions for segment 3.
Q5: Can you share with us some of the future plans, such as the marketing development plan and recent activity plan for BabySwap?
Baby A – BabySwap team: We are now working on plenty of events.
There will be events hold with CoinMarketCap, new farms, and pools, airdrops for BabySwap LP holders, etc.
And our team is working on our NFT market and NFT series at the same time. The whole of June will be productive. So make sure to follow us and stay tuned.
Yuno – Blockelite Host: You are awesome, thanks for answer all 5 best questions from twitter of my community.
Last Segment for AMA today, The guests will select 5 best questions from the community,
NFT is very hot trend now, do you pretend to catch up with this trend or still follow and focus your original roadmap? create values, not create TREND !
Baby A – BabySwap team: 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
Can you list 1-2 killer features of this project that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?
Baby A – BabySwap team:
I. Trade mining
Swap tokens on BabySwap, and you will get BABY as a reward for every trade.
II. Tether (USDT) route
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.
III. Bottle for growth funds
Use BABY to vote for your favorite projects and help them earn growth funds and other support in the future. 0.05% of trading fees will be used to buy back BABY as a weekly growth fund, rewarded to top projects in Bottle.
Experienced team is the most vital thing in building company growth, a project will not develop without being managed by an experienced team, whatever it is good. so, how about project? does your team have good experience in the cryptocurrency world?
Baby A – BabySwap team: BabySwap team is a group of energetic people that have at least 3-6 years experience in the crypto world, especially about exchange and defi.
What benefits will liquidity providers get besides collecting transaction fees and funding fees? Do you have events or programs to attract more users and new liquidity providers? Why should I buy and poject tuken for the long term?
Baby A – BabySwap team: Liquidity providers will have the change to get airdrops and take part in the bottle campaign
Why / When are you partnering Binance’s upcoming NFT Marketplace?
Baby A – BabySwap team: We have applied for Binance NFT’s Innovative creator program. And BabySwap will definitely become a partner of the new featured market
Yuno – Blockelite Host: Have you done ? or do you answer more ?
Baby A – BabySwap team: I think we are all good here :))
Yuno – Blockelite Host: Thank you for joining today AMA! It was awesome!
Our AMA session is now over !!!
Don’t forget join: @baby_swap
Baby A – BabySwap team: Thank you for having me❤️