As the Binance Smart Chain was developing, PancakeSwap and BakerySwap became the most well-known decentralized exchanges. PancakeSwap is more comprehensive but focuses on star projects, with which it wants to cooperate, and BakerySwap tends to do well in the NFT sector. On the other hand, BurgerSwap, which went online as early as September 2020, seems inactive compared to PancakeSwap and BakerySwap. However, it still has a steady 24-hour trading volume and total value locked. The Binance Smart Chain’s ecosystem seems to fulfill all market needs, but something is still missing. Who is being neglected?
No more neglect
Many startups have chosen BSC because of its low gas fees, fast transaction speeds and simple deployment. However, few of them have a chance to develop because of various obstacles, such as lack of marketing, little funding, or having little knowledge about which platforms they should partner with and which centralized exchange they should get listed on.
This is where BabySwap comes in. It is a decentralized exchange that has recently announced its launch. It is a project that focuses on “baby projects.” The introduction to its documentation section says:
“BabySwap is the best AMM+NFT decentralized exchange for newborn projects on Binance Smart Chain, providing a more friendly trading experience and better project support.”
The basic features are the same as PancakeSwap — swap, farms and pools. Besides, BabySwap also has some innovative optimization and support services.
I. Trade mining
Swap any tokens on BabySwap, and you will get BABY as rewards 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.
IV. More services
You will find the best support service on BabySwap, including growth funds, arbitrage support, engagement increasing activities, resource connection, a friendlier display, etc.
BabySwap is truly the last puzzle of the BSC ecosystem. As a new platform, how can BabySwap attract baby projects and make them transfer their liquidity? Have an initial liquidity offering.
BabySwap’s ILO: Be the first to participate
BabySwap is about to have an initial liquidity offering, which is also called its Daycare Program. You may be familiar with initial DEX offerings or initial farm offerings, but this ILO will stand out in the market for the first time. Before BabySwap starts its farm and pool section, there will be 24 hours for users to add other altcoin liquidity to the pool by staking them in BabySwap. Liquidity providers will get a certain amount of BABY by participating in the ILO. Users can then use BABY to stake and also farm more BABY, which is a smart way of attracting liquidity to BabySwap.
The ILO will start in late May or early June. Its list and reward distribution will be disclosed later in BabySwap Telegram.
Check the guide for further details of participating in the ILO.
After BabySwap gathers the traffic and liquidity from the market, it needs to continue empowering BABY token. It’s easy to notice that BabySwap not only supports farms and pools but also has trade mining and other mechanisms to boost BABY.
Read more about BABY’s distribution in BabySwap’s tokenomics: https://docs.babyswap.finance/tokenomics/baby.
One thing to highlight is trade mining, which extensively spreads BABY tokens to a large population and leads to a massive increase in unique active wallets. Other than its distribution model, the roadmap also shows BabySwap’s ambition to develop BABY.
BABY’s initial offering price will be $0.1 with an initial market cap of $1,000,000. Along with BabySwap’s methodical operation strategy, market growth and NFT approach, the community is expecting a 100x raise in BABY’s price. The people’s token is on its way.