BabySwap releases its financial data and changes made to it’s reward system.
Looking back our baby has made lot of achievements, they have several new partners and are constantly upgrading. BabySwap Ecosystem is giving out lots of rewards, and it’s Smart Router A/B test is still going strong.
We can’t believe that the baby is 10-month old!! We almost made it a year!! After 10 months, baby has grown up a lot and gradually became an important part of the BNB Chain. It’s still not enough since Baby MetaFi has just started the trip. The baby started writing journals from the first month. Let’s see how much the baby has grown in March 2022.
As of April 1st, here is our financial data in brief:
- DAU (Daily Trading Users): 2,730+
- TVL: $84,719,631
- 24H Volume: $20,000,000
- vBABY Holder: +1295
On the other hand, thanks to people who love BabySwap that our social media and community status is overwhelming:
- BabySwap Twitter Followers: 278.6K
- Telegram Group Members: 142.7K
- Discord Members: 109K+
As of April 1st, the circulating volume is 185,986,040 BABY, and the circulating market value is $65,536,607.
BUILDing never stops.
We can’t believe we’ve been this far and the market knows us well enough so that we are in every rank, every list, every ‘first-choice’. The huge thing last month was all about the NFT Market. We’ve successfully launched our NFT Market and it’s one more step to realize the Baby MetaFi. By launching the feature, we can now assemble both BEP 20 and BEP 721 and list the gems for you. We’ve first listed our NFB and people started to trade on the Baby NFT Market which was a great sign! Then we listed two of our GamePad Projects, The Crypto You and ElementX to make sure they can trade their NFTs with BNB, BABY, USDT, and their governance tokens. We also listed StarSharks, the trending game on the BNB Chain on our NFT Market, and note that you could also trade their Sharks with the game’s governance tokens.
We have more friends coming in last month, and If you go to the Playground section, you can find all different places where you can use your $BABY or BABY-LP to play and earn.
Here’s the BabySwap Friends overview as of March 31st.
We made friends with several other partners, and they can best help the baby to be the popular one in the crypto world! We did 12 AMAs in our own Telegram group for our cooperated projects to help them grow. Baby Thursday has also continued, that we will have an AMA in our Discord channel on Thursday, weekly or biweekly. So far, users are satisfied with the pattern and we are more than glad to share our latest progress with the community. We’ve done 5 gleam contests and 2 trading campaigns for users.
Bottle has been upgraded! We originally have a new round of Bottle each week, starting from each Monday. However, since the market is not that active compared to the previous months, we’d love to change the winning period from 1 week to 1 month starting from Feb 7th, 2022. We will have the top 7 projects with the highest overall votes (Sum of 4 weeks) and 3 projects for special awards (Best BUIDLer, Best Social Signal Project, Best New Project) to share $100,000. The second round’s winners were announced already, congrats to all the winners! Note that Bottle 2.0 is coming, and there will be changes that are more beneficial for our users. Please stay tuned for the update.
You all know that vBABY has added USDT dividends to vBABY holders. 0.05% of BabySwap trading volume will be allocated in USDT as dividends. It will be distributed according to the redeemable vBABY amount. Dividends will be allocated daily. The 0.05% was originally distributed to BabySwap Treasury, but we know we can’t make it this far without our dearest holder, and so far the feedback is great. But there’s more!! Feedbacks and data have shown that the vBABY has a way higher demand than Trade Mining. In order to benefit our users, we decided to adjust the daily BABY distribution. We adjusted Trade Mining from 30% to 20%, and vBABY from 10% to 20%. Meaning that each block now produces 4 BABY, which will be distributed to vBABY holders in vBABY as rewards. Happy staking in vBABY!
The Smart Router A/B test is still ongoing. Smart Router is the key of AMM. It will allow you to trade all BEP 20 Tokens on BabySwap with better slippages. Smart Router will choose the best route for you on the BNB Chain. Before the Smart Router officially launches, the A/B Test is needed in advance. A/B test means we will have the Smart Router version and the regular version at the same time online, and users can help test on it. Now that we have many tokens whitelisted for the A/B Test, and it will soon become available for almost 90% of tokens deployed on the BNB Chain.
Regular Version: //exchange.babyswap.finance/#/swap
Smart Router Version: //exchange.babyswap.io/#/swap
Auto Baby Pool is still doing amazing, and it keeps attracting BABY to the pool. People love convenience so we offer that for sure! We also introduced limited pools and offered users a better place to allocate their funds.
The baby also likes barbecue, and during last month, we have burned 2,001,534 in total, which equals $812,623 (~1,794 BNB), including regular burn, Auto BABY Pool burn, vBABY burn, GamePad burn, NFT Market burn, and there will be more ways to burn for sure! Let’s keep the BABY healthy!
Last but not the least, we have made several friends with other projects! By the end of March, we had 11 Farms and Trade Minings with 13 Pools. The projects were grouped as Bubbly Baby, Celebrity Baby, Housewarming Baby, Flash Baby, and the ordinary type.
BabySwap NFT Ecosystem
By the end of March, we did 10 NFB airdrops, including Diamond Hand and Gold Miner. We distributed 150 Diamond Hand NFB to our top 150 holders, 50 Gold Miner NFB to our core yield farmers.
We also worked with Binance Charity and collaborated with 4 projects for charity NFB sales! Overall, we donated 50+ BNB to Binance Charity’s ‘Binance Lunch for Children’. We always care about babies, no matter if they are in the crypto world or real life. Just so you know this is a long-term partnership and we will always donate to Binance Charity in the future.
Baby’s Plan in April
We have detailed plans for April and later months. Read carefully and see if anything gets your attention.
1) NFT Market Update
Including incentives, filters, trending sections, making offers, and improvements.
An Activity page for you to check on the latest events and claim the rewards.
3) Lucky Baby
Participate to win high rewards.
A secret feature that hasn’t been announced yet. X is already in the process of final testing, and no AMM DEX has had this feature and it’s crucial in the crypto world.
Supported by ApolloX as a second AMM DEX with both Spot and Perpetuals on BNB Chain.
DID is about profile, but it’s not all about profile. Thousands of avatars for you to choose. Which one could represent you? Which side would you pick? What achievements could you make?
The future is bright, and the baby is going to fight!
The above is the summary of March and our plans for April and later months. However, please understand that we need to act fast and adjust immediately according to the market, so if the schedule is changed, do not worry about that, we will deliver the service eventually. Time adjustments are for better performance, please trust us on the operation.
We know y’all pay attention to tokens, and trust us, we will do everything we can to empower BABY to realize its real value, and we will continually do so. We aim to be People’s DEX and Metaverse, where everyone is capable of trading, farming, voting, creating, making profits… with BabySwap. And please always remember our purpose: Baby Metaverse is a crypto world for users to trade, earn, and play. It’s the best choice for newborn projects on BNB Chain to get support, including AMM, NFT, and GameFi.
Baby is the future.
Let’s go beyond the DEX.
Disclaimer — All projects are subject to both high market risk and volatility. Please, do your own research and full due diligence before even considering investing your funds in any project and please, make your investments very cautiously. BabySwap will not be held responsible for any investment losses.