BabySwap - what is crypto BabySwap | BabySwap price today, marketcap and chart

DEFI OFFERS

Stable pools only

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TVL > 100K

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What is BabySwap (BABY)?

BabySwap is an open-source decentralized community-focused platform. It features GameFi elements, an NFT market and Automated Market Maker (AMM) solutions. It also works as a decentralized exchange (DeX). It is based on the Binance Smart Chain allowing it to have low transaction fees. The project has its own platform token called BABY. BabySwap offers the ability to earn BABY tokens with trade, mining, yield farms, snack pools. Staking in Liquidity Pools (LP) is also implemented. The basic (swap, farm and pool) features of the platform are similar to those of the PancakeSwap exchange.

Who are the founders of BabySwap (BABY)?

No information on the team behind BabySwap is currently available. The project has several partners such as ApolloX and BetFury. It also collaborates with CertiK on getting new projects audited before being launched on the platform.

What makes BabySwap (BABY) unique?

BabySwap is a rare experience of a DeFi platform that also offers an NFT market and gamified experience. It positions itself to be a launchpad for new services, forming the so-called Baby Metaverse as a result. It already includes a blockchain-based game named Crypto You (it features its own sub-token called MILK, it is used as an in-game currency). The platform’s gaming launchpad is called GamePad. Regarding regular ways to earn tokens, users can earn BABY by trading or staking Liquidity Pool tokens. Afterwards, they can stake the earnings in Snack Pools as a way to get some other tokens. There is a voting system put in place to help new projects get the growth funds. Each week, 0.05% of trading fees across the platform will be used for this type of funding. The platform token, BABY, is a BEP-20 one. 1% was used for initial liquidity issuance, 19% go for ecosystem building and development, and the remaining 80% is distributed across the BABY community. The token can be staked in snack pools, utilized in yield farms to earn more BABYand used for minting. 100 BABY can be exchanged to 1 vBABY token that is used to provide VIP membership to a user, offering lower fees and a referral program. Another unique feature of the platform is that USDT is selected as a recommended exchange route. This way, stability and lower exchange fees can be ensured.