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BerandaAMA RecapAMA RECAP IDCRYPTO X BabySwap

AMA RECAP IDCRYPTO X BabySwap

Speaker : Baby A (Global Business Director of BabySwap)
Date : Wednesday, June 16th, 2021

THERE IS 3 SESSION FOR AMA
1. INTRODUCTION
2. QUESTION FROM TWTITTER
3. FREE ASKING


SESSION 1 ( INTRODUCTION )

ID CRYPTO:
hello Baby A welcome to IDCRYPTO community, we are glad to be with you here.

Baby A:
Hello all, Baby A here, Global Business Director of BabySwap. Happy to answer your questions
.

ID CRYPTO:
It’s great to have the AMA with you tonight.. I hope you’re excited for this event.
1. Please introduce yourself and tell how you started a crypto business to the idcrypto community?

Baby A:
I worked in the leading CEX for years before I join BabySwap. We BabySwap team stared on 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.

ID CRYPTO:
Thank you for introducing yourself..
Interestingly enough, Babyswap’s vision is very useful.
2. Can you explain what is BabySwap and how long your project launch !? Please explain in simple sentences.

Baby A:
BabySwap is initially launched on June 1st. 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.
Our team is devoted to building the best AMM+NFT BSC decentralized exchange for newborn projects, providing a more friendly trading experience and better project support.

ID CRYPTO:
Cool, besides being able to be used for swap, farm and pool, babyswap will also create an NFT market.
3. Can you share with the community what BabySwap has been doing from the roadmap ?

Baby A:
Well the first step of BabySwap must be our ILO. Users stake their token-USDT LPs to earn BABY’s initial offering in 24 hours. The initial price is 0.1 USD, and there are 252 different ILO farms available. We got huge attention and trafic on ILO And here are the features BabySwap already launched:
Swap: Trade mining, get free BABY on every trade
Liquidity: Add tokens to liquidity pool and receive LP tokens
Farms: Stake LP tokens, earn free BABY
Pools: Stake BABY, earn free tokens.
We are now focusing on Milk Bottle growth fund, profile, vBABY, NFT and NFB.

ID CRYPTO:
In less than a month of launching BabySwap has done a lot of things.. progress is very fast.
we are happy to know Babyswap today, there are many things that can be done in BabySwap.

SESSION 2 ( QUESTION TWTITTER )

ID CRYPTO:
1. Lets talk about this swap, are u not missing the hype or swap project? How much u sure that this project, Babyswap have the special things for the investor? And are u planning to get some burn this year? Thanks!
from @moralesvangabe

Baby A:
A project needs to sove a real world issue or problem, not to chase the hype. BabySwap focus on small and middle sized project and their users. 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. Trade mining means to swap tokens on BabySwap, and you will get BABY as a reward for every trade. This feature greatly encourages trading and brings huge profit.
Tether (USDT) route is another advantage that makes BabySwap special.
Unlike other AMM decentralized exchanges on Binance Smart Chain, 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.

ID CRYPTO:
2. Currently issuing tokens is a fairly simple process. However, building systems & ecosystems is the hardest part. My question is, how will the demand for tokens increase & how will these tokens be used in the ecosystem?
from @cLayghost92

Baby A:
BABY is the core token that powers the BabySwap ecosystem. Users will earn BABY from Trade Mining, Yield Farms, Snack Pools, or buy it through the exchange. Then its use cases explore:
-Stake it in Snack Pools to earn free tokens
-Use it in Yield Farms to earn more BABY
-Vote in Bottles to help projects win growth fund
-Exchange to vBABY to get VIP privilege
-Purchase BabySwap NFTs and NFBs

ID CRYPTO:
Sounds very interesting, we can get passive income from there.. I think many will feel this benefit,Okay next question.
3. on farm and staking system with high APR there was always be pump for a second but after all people unstake and sell it on same time the price will dump fast and more fast. what your plan to solve it ? are you will make locked time for farming ?
from @bigg_ass_like_m

Baby A:
First of all, the BABY token in Circulation is quite limited. And we create different application Scenarios, including BABY farm, pools, profile, vBABY, NFT series and a lot features on the roadmap. Step by step, BabySwap is building a healthy economic model all around BABY token.
Also, in our regular Bubbly Baby farm/pool event, 50% trading fee will be buy back 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.

ID CRYPTO:
The system is very well made, it should be able to keep prices more secure.. thank you for answering questions well.
4. your idea was so unique, but now there was a bot sniper who can make real project become rug pull just on minute. what your plan if your SC become target bot ? and what can you say to your member if they fear a bot?
from @pig_online_go

Baby A:
To be honest, the basic functions of BabySwap (swap, farm, & pool) forked PancakeSwap, since they are the most secured in BSC ecosystem. Our team also gets all the security concerns from users. We value our users’ and investors’ assets security. So we have BabySwap passed the CertiK audit process, and we are an open-source project. And BabySwap will never have lending business. So your funds are safe here.


Check about the details here:
Certik Audit Report
Github

ID CRYPTO:
Great answer.. thanks you for sharing that.
5. For a successful project, you must have a real-world problem-solving plan between the project owner and the investor. So can you share that plan?
from @annamuskto

Baby A:
I’ll take this question as how BabySwap’s investors and project owners get to a win-win situation. As a decentralized exchange, users can instantly swap tokens without registration or account KYC. And 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 and get BABY as rewards for every trade.
[Farms]: Stake Altcoins-USDT to earn BABY. Presently our APR of farm is about 50%-1000%. Pretty juicy!
[Pool]: Stake BABY to earn BABY. Presently the APR of Pool is 600-700%
We have launched two plans: Bubbly Baby and BabySwap Friends, both to build corporation with outstanding partners in the crypto world. We now have a close partnership with SafeMars, ONTO Wallet, SafePal Wallet, SeaScape, Beefy, BabyShark, Shibby Finance, Helmet, etc. We plan to have a rapid expansion our BabySwap farm and pool list. And there are plenty of new farms and pools up coming.

ID CRYPTO:
Wow, that’s really great, the APR offered there is very large, we can quickly feel the profit.

SESSION 3 ( FREE ASKING )

Tubby Time:
Q. Can you explain what are the specialty feature the Your project have? What is the different with other similar project/ your competitor?

Baby A:
I hope to explain more about Bottle feature. 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 late June. Follow us and stay tuned.

Karoceh:
You mentioned that every trade we will get BABY. How is that possible, while the platforms usually charge fees for trading? how many BABY we get per transaction?

Baby A:
Trade mining mechanism is written on the smart contract. Trade mining reward is included in the BABY block emission. 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.

CRYPTO-TO-NINE:
What is BabySwap’s global expansion plan? Which market does BabySwap currently focus on? Or focus on building and developing to get customers- users and partners?

Baby A:
We have launched BabySwap Friends to build corporation with outstanding partners in the crypto world. We now have a close partnership with CoinMarketCap, ONTO Wallet, SafePal Wallet, TokenPocket, BSC news, BSC Daily, CoinGecko, etc. We plan to have a rapid expansion our BabySwap Friends list.

ছাগল:
Whats the total supply of the token ? Could you share a detailed tokenomics of mainnet token’s supply distribution.

Baby A:
[Total Supply] 1,000,000,000 BABY.
[Allocation]
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, please read more here.

Riki Ponting:
NFT is really trending topic now in the market. So, how do Your project plan to onboard the development of NFTs and how do Your project plan to combine it with DeFi?

Baby A:
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. So, 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 crypoto.

MORE DETAIL ABOUT BabySwap

Oezankhttps://idcryp.to
Oezank is a Crypto Influencer who has more than 2 years of experience observing Crypto projects and strongly believes in blockchain technology in Indonesia.
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