AMA Recap| BitWell * BabySwap— Let's go beyond DEX

On November 30 at 12:00 UTC, BitWell invited BabySwap to be the guest of the Chinese community, and Baby CC, Head of Asia Pacific Business shared the topic of “Let’s go beyond DEX”.

Here is the full recap of the live broadcast.

Q1:BabySwap announced Baby Metaverse at the beginning of November, and it has amazing performance in social signals, token price, trading volume, liquidity and so on. As the very first question, could you briefly introduce Baby Metaverse to us?

BabySwap was born on June 1st, 2021, and we aim to be an AMM+NFT DEX that provides the best support for newborn and long-tail projects. We did a great job in AMM, that the trading volume is always the top in BSC, and we also collaborated with many amazing projects. A lot of successful projects that you heard of started their liquidity on BabySwap. But this is not enough. We have had a vision in the NFT, GameFi and SocialFi market a long time ago and that’s why our brand image is unique and shapeable. The AMM is the fundamental, because assets’ liquidity builds on DEX; the NFT is the connector, it can connect on BEP721 to the value of BEP20 assets; and the GameFi and SocialFi is our final goal.

Q2:Let’s talk more about Baby Metaverse! Please first tell us more about the AMM part, since with so many DEX on the market, how could you guys make differences and be the one who survives and performs well?

BabySwap launched on June 1st. After 6-month of growth, it is the top DApp on BSC and is frequently discussed, used, and trusted by users.

The success is composed of 4 reasons:

① Precise Market Differentiation

② Diversified & Classified Assets

③ Innovative Features

④ Unstoppable Operation

Precise Market Differentiation + Diversified & Classified Assets

We classified and filtered the assets on BSC in different levels, and BabySwap aims at middle-tail and long-tail assets.

Innovative Features

④ Unstoppable Operation

Collaborate with 3–5 new projects each week. The assets can bring the traffic and volume, the volume can then attract new assets again. The marketing keeps going to improve the brand awareness and form our unique ecosystem.

$50,000 growth fund will be distributed to the top projects on BabySwap weekly, and at the same time stimulate all the projects to move to BabySwap and seize the assets and liquidity from PancakeSwap.

Q3. You mentioned the Bottle growth fund, could you explain it with more details? How could it benefit users?

Bottle is a weekly event, and there are 3 stages each week.

The first stage is called the Audition Stage, from Monday 00:00:00 to Thursday 23:59:59 UTC Time

Projects will work hard to add liquidity and increase their trading volume during this time, since each dollar counts as 1 vote. The top 30 projects will enter the next stage.

The second stage is called the Voting Stage, from Friday 00:00:00 to Friday 23:59:59 UTC Time, and the projects need your efforts to win the final round! You can stake BABY in the project pool that you wanna vote for, 1 BABY = 1 Vote.

The final stage is called the Announcement Stage from Saturday 00:00:00 to Sunday 23:59:59 UTC Time. The top 3 projects who win the Bottle will share our weekly trading fee.

As a user, why should I vote? What is the difference between being in the BABY pool?

The purpose of Bottle is not to stake BABY to earn more BABY, but to encourage BABY users to learn more about potential projects and help them vote for weekly rewards. We reserve the earning part, because we want your BABY to have the best return that you can vote and earn at the same time.

I would say the benefits are as follows:

— Show your voting power!! That’s the meaning of DeFi, we want you to have the voting power and decide if a project can get its best support.

— Vote and earn at the same time.

— Learn about new projects, the ones who have potential. This is exactly the reason for the first stage, where projects need to have liquidity and trading volume to prove themselves. Imagine that you see a token in the top 30 list but never heard it before, do you wanna start looking at it? HOWEVER, please always DYOR before investing. The numbers mean something, but can’t represent everything.

— The projects’ communities will also pay more attention to BabySwap. And if they want their projects to win, guess what can be used as votes? Liquidity, trading volume, and BABY.

— Of course, if the project team intends to give airdrops to BABY holders for voting support, it’s also something we’d be glad to see and it’s also beneficial to our BABY holders. The stimulation process can only be community-wise for now, but it’s planned to be implemented in the Bottle 2.0 version as a function.

Q4. Let’s talk about The Crypto You then, another huge part of Baby Metaverse. Everyone is looking forward to the launch and you said this is only the first game, so that means there will be more games from BabySwap right?

Exactly. Let me introduce The Crypto You first.

The Crypto You is the first Baby Metaverse blockchain game on Binance Smart Chain (BSC). Players can summon characters, complete daily mining missions, conquer the Dark Force, loot rare items to play and earn.

The whole story setting is based on the 12 characters of the Baby Planet. The babies live on the Baby Planet, and the most abundant resources on the planet are cryptocurrencies. These resources are the dearest friends of babies, and babies will strive to protect. Babies all live with happiness and delight, until one day…

The Dark Planet has explored the crypto wealth on the Baby Planet, and they swarmed to snatch the resources under their control. It’s time for the babies to carry their weapons and fight back against foreign forces. No matter who you are, come to protect our planet!

We originally sold our NFB (our NFT, Non-fungible Baby) on Binance NFT marketplace, and it’s already trending at that time, since users can use their NFB to stake and earn BABY. We decided to make this game a long time ago, so that’s why back at that time we set these characters and story.

When the game launches, users can mint their Baby character in the “Get Your Baby” section. If you have The Crypto You NFB on BabySwap, you could redeem your NFB to mint the same game character, and your NFB will be burnt. Please note that the action is permanent and irrevocable, so make sure you want to redeem before taking actions. Each character will get a random role/score/rarity, in a form of NFT. Players can transfer/gift/sell the characters in the market.

Each address can mint or redeem up to 5 Baby characters per day.

There’s certainly a lot to say about the crypto world, and we want people to be more familiar with these concepts while playing to earn. It can be elaborated more!

Users can draw cards and put their baby characters in Daily Mining to complete their daily jobs and earn MILK. MILK is another core token other than BABY. All the upgrades and PVE participation require MILK.

Overall the model is similar to BinaryX. BinaryX is a great project that we love, and we collaborated with each other a lot. Other than the similarities, we will open up PVE in December, and bring differences such as chests, equipment, PVP, Team Battle, Mount, Pet, etc.

The game is estimated to be launched in December.

Q5. Metaverse is so on fire recently, how do you see the Metaverse section? What’s the next move of BabySwap in the Metaverse section?

A lot of people are like: hurry up or you will miss the train of Metaverse.

We understand all the concerns, but that won’t happen. Games are a long-going thing, and games with earning will be another trending thing for years and years. People + internet + groups = metaverse.

Baby Metaverse aims to connect BEP20 and 721(NFT) assets, and not only gives the value but also builds a better crypto wonderland which let users enjoy their crypto identity.

The Crypto You is only our first game, and BabySwap will be the gamepad in the future to incubate and support more gaming assets.

From DeFi to GameFi, from community to SocialFi, from the real world to the crypto world.

Please enjoy the BabyFi we have.

Welcome to follow our Twitter to keep up the lastest news!

Twitter: @BiwellGlobal

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