What is BabySwap (BABY)?
BabySwap (BABY) describes itself as a supportive and community-oriented Baby Metaverse that incorporates(https://www.coinbase.com/learn/crypto-basics/what-are-nfts#:~:text=NFTs%20(or%20%E2%80%9Cnon%2Dfungible,worth%20exactly%20the%20same%20amount.&text=Each%20Beeple%20piece%20is%20paired,version%20is%20the%20real%20one.)[NFT](https://www.coinbase.com/learn/crypto-basics/what-are-nfts#:~:text=NFTs%20(or%20%E2%80%9Cnon%2Dfungible,worth%20exactly%20the%20same%20amount.&text=Each%20Beeple%20piece%20is%20paired,version%20is%20the%20real%20one.) and DeFi elements. Users can trade, earn, and play in the Baby Metaverse crypto world. It provides multiple opportunities for newborn projects to get support on the BNB chain- a rebranded version of Binance Smart Chain (BSC) that aims to create the infrastructure powering the world’s parallel virtual system. In simpler words, BabySwap is a decentralized project that focuses on baby projects.
The basic features that BabySwap aims to offer are swap, farms, and pools. Besides that, BabySwap also offers various other optimization and support services. At the heart of all BabySwap offerings, there is a .)token.)- BABY. This is a core token that powers the BabySwap ecosystem. BABY complies with the BEP-20 standard, a token standard that defines the rules of token usage on BSC. BabySwap, unlike centralized exchanges, doesn’t retain users’ funds during the trade. Users have complete authority over their tokens, which can be directly traded through their wallets.
In addition, BabySwap houses an Automated Market Maker (AMM)- a set of protocols that enables traders to efficiently buy and sell coins at the optimum price using a liquidity pool. BabySwap liquidity pool (LP) enables users to add liquidity by adding their .)tokens.) to the liquidity pools. Similarly, users can redeem their funds at any time by removing the liquidity. Unlike other AMM(https://www.coinbase.com/learn/crypto-basics/what-is-a-dex#:~:text=A%20decentralized%20exchange%20(or%20DEX,occur%20directly%20between%20crypto%20traders.&text=A%20decentralized%20exchange%20(better%20known,occur%20directly%20between%20crypto%20traders.)[decentralized exchanges](https://www.coinbase.com/learn/crypto-basics/what-is-a-dex#:~:text=A%20decentralized%20exchange%20(or%20DEX,occur%20directly%20between%20crypto%20traders.&text=A%20decentralized%20exchange%20(better%20known,occur%20directly%20between%20crypto%20traders.) on the BNB chain, BabySwap’s recommended route is Tether, i.e., USDT. So, if users deposit BABY tokens and USDT into a liquidity pool, they get BABY-USDT LP tokens.
Another prominent feature that BabySwap seeks to offer is Milk Bottle. This feature provides BABY voting power and enables users to be more familiar with new gems on BSC.
History of BabySwap (BABY)
The BabySwap platform was launched in June 2021.
The total supply of BABY tokens is 1,000,000,000 BABY. From this, 1% is kept for Initial Liquidity Offering (ILO). 9% is planned to be used for partnership with ecological construction, including promotional activities, marketing, game vaults, and more. 10% is kept for development, and 80% is to be allocated to BABY community members.
