BabySwap is an AMM-based decentralized exchange on the Binance Smart Chain. It allows users to engage in cryptocurrency-related activities like trading, earning, and playing inside Baby Metaverse. Besides, the exchange support new BSC-based projects, including various AMMs, NFT project, and GameFi projects.
Since the BabySwap crypto exchange is decentralized, it does not require KYC verification. Besides, the exchange can be accessed through the web.
Markets
Due to the fact that Baby Swap is based on an AMM, it allows token swapping. Thus, it doesn't offer the BabySwap spot market. However, it does support perpetual trading. Based on their knowledge, users can choose between two options – lite perpetual trading dashboard or classic perpetual trading dashboard. Besides, talking about the swap itself, traders are able to choose from over 90 BabySwap trading pairs from its liquidity pools.
The flat BabySwap exchange fee for swapping is 0.3%. Half of the fee (0.15%) is returned to liquidity pools and used to reward liquidity providers, while the remaining half is split into three equal parts and used for the BABY buyback-and-burn mechanism, USDT dividend distribution to vBABY holders, and BABY token distribution to vBABY holders.
BABY is the native cryptocurrency that drives the BabySwap ecosystem. The token is used for governance, staking, rewards, and providing access to the services offered by BabySwap. Check out the live BabySwap crypto price here. BabySwap also offers a premium membership tier called vBABY to those who want access to additional features and perks. vBABY is minted using BABY in the ratio of 100:1.
Care to see the current BabySwap trade volume? Take a look above.
Other Services
BabySwap provides users with a huge variety of other features apart from swapping. For starters, BabySwap features both BABY Pools and Snack Pools. They are the most straightforward method available on BabySwap for gaining access to free tokens. In the BABY pool, users may stake BABY tokens and earn various crypto assets. On the Snack Pool, users can stake various crypto assets to earn BABY or other coins.
Also, BabySwap offers a lending network, which was developed in collaboration with Ola Finance. Through this network, users may either lend or borrow commonly held assets. Token lenders are able to generate interest. The interest that is paid to lenders originates from the interest that other users of the platform pay in order to borrow tokens. Lenders have the ability to withdraw their tokens at any moment. There is neither a time lock nor a penalty for withdrawal.
Furthermore, BabySwap offers yield farming services to its users. Farms provide them with the opportunity to stake their Liquidity Pool (LP) tokens in exchange for BabySwap tokens and other types of tokens. The Liquidity pools are the source of the LP tokens, which are obtained by contributing tokens in order to provide liquidity.
Moreover, the exchange features Vaults, which also allow users to earn additional tokens by using LP tokens from other platforms, such as PancakeSwap, for staking. The Vault has the potential to deliver more valuable prizes than the Pools. However, using it exposes one to the possibility of impermanent loss.
Moving further, the BabySwap cryptocurrency exchange has introduced a full NFT ecosystem, which includes NFB (Non-Fungible BABY), the Profile System, the Marketplace, Toy Figure, and a number of other features. Non-Fungible Baby (NFB) is a term that refers to cryptographically created sets of one-of-a-kind, uncommon, and unchangeable digital baby figurines. Each series of NFB has a finite supply and a predetermined value expressed in BABY. These tokens may be stored in a wallet, staked in NFB mining, or exchanged with one another in the market.
The GamePad is one of the most notable things that BabySwap has to offer. It serves as a launching platform for future projects being developed by GameFi. It aids startups in raising capital, which is essential in the earliest stages of game development. It also helps new projects to release their tokens through Initial Coin Offerings (ICO) and Initial Game Offerings (IGO). Besides that, BabySwap also allows users to hold Initial NFT Offerings (INOs) and Initial Farm Offerings (IFOs).
Additionally, the project has its own metaverse called Babyverse, which offers various gaming options, NFT-based activities, and earning possibilities.
About the Company
BabySwap crypto exchange was launched in June 2021. The founders of the project are anonymous. However, it is known that the BabySwap team works across many time zones and has significant knowledge in blockchain development, DeFi engineering, marketing, and community growth.
The team has accomplished many objectives that were outlined in the roadmap. The ones that are left as of February 2023 are launching a customized user profile in Baby Metaverse, creating a DAO, launching on other chains, and developing the Incubation Alliance.
Don't forget to check the current BabySwap volume above.
