BabySwap

Hey Babies!BabySwap is one-year-old!! Time flies and the ILO was like yesterday. There were many touching moments over the last year that we want to share with all babies. Together, we BUIDL a better BNB Chain, and we will continue to work on every possible upgrade and update. Let’s review the past achievements with Baby and foresee the future.<h2 id="header-0">The Past Year</h2><h3 id="strong-new-born-baby-strong">New-Born Baby</h3>April 2021, in a typical but tranquil evening, the team of people with unfettered minds gathered and discussed to do something fun, meaningful, and sustainable based on BSC (now BNB Chain). At that time, it was a bull market for the whole crypto industry including altcoins, and there were 100&#43; newborn projects on BSC. We did a lot of research, and found out how fundamental and significant newborn projects are to keep the crypto industry moving, so we decided to be with it, keep the sharp instincts, and be a long-term builder.So why don’t we build a project that is keen to service newborn projects? That sounds like a great idea! Newborn projects are like Babies, AMM means Swap. Let’s do BabySwap.That’s how all things started.Registered for the company, registered for the domains… In the following month, we finished the brand design, marketing research, product development, and operation preparation.On June 1st, 2021, BabySwap was officially online and started ILO mode — first-ever in the crypto industry.<h3 id="be-open">Be Open</h3>At the very beginning, we told ourselves that you had to be open. Being open is the core of Web3, as it requires you to fulfill all needs, to follow what the market tells you to, and to adjust the strategies along with it. Being open is also one of the fundamentals of AMM — We could call it altruism. We will use all available sources to assist projects including operation advice, marketing opinions, DeFi services, and etc. We continuously build and maintain collaborations with all kinds of projects and serve as a bridge among projects to create a net of collaboration — Collaboration is the key to success.At that moment, there were more than 50 AMMs competing with each other, and BabySwap was able to be the top support of all partners. The DeFi service of BabySwap was able to reach the top tier with the daily trading volume being over $100 M, and had over 4–6 projects collaborating for pools each week. Meanwhile, we were also trying to innovate — NFB.Build the base — 2021.06–2021.07This is the period that we built our fundamentals and communities. Fundamentals mean all the basic features and the most important part — security. We first made friends with CertiK, since you know that security is the prior concern. By the end of June 2021, we had three audits by CertiK, and by now, we have 11 audits! We also opened a SkyNet service to monitor our security status 24/7. With their help, we did not only run BabySwap in a secured way but also applied a 48-hour timelock (the longest one for BSC projects) to upgrade our guard system.Also, NFB was out at the end of June 2021. That’s our first step into the NFT, isn’t it? Cheers to the bright future.<h3 id="most-valuable-builder">Most Valuable Builder</h3>We were in MVB III in August 2021 and got deep support from the BSC team. The BSC team is the best team in the whole industry, and they provide mature operation advice, key collaboration resources, and help us solve problems encountered. During the MVB III, the DeFi service of BabySwap pumped a lot.A Baby is growing up — 2021.08–2021.10In September 2021, we were on Binance NFT and had amazing outcomes — Sold out in 1 sec, floor price over 10 times, trading volume ranking number 1. Gosh, Baby Avatar was all over the crypto industry!Most importantly, it’s BSC’s first birthday so we’ve held many events for it! We cooperated with SecondLive and Dvision for their outstanding metaverse. We also did our own airdrop for BSC and attracted many users. As BSC hit its 1st year anniversary, BabySwap has been selected as Binance Smart Chain MVB III August Monthly Star!! This meant a lot to a 4-month old baby, that our hard work finally paid off. However, this is only the first step of MVB III, with all the help BSC has granted including mentorship and support, BabySwap would become stronger and stronger.Well, see how the baby has grown today.<h3 id="stepping-into-gamefi">Stepping into GameFi</h3>Starting from October 2021, the trends suddenly changed from DeFi to GameFi. In September 2021, the community once suggested that we could build a GameFi project based on a baby’s avatar. So we decided to give authorization on our brand avatar and incubated the project — The Crypto You.GameFi has pushed our brand awareness to the peak. It has not met people’s expectations due to a lack of experience and technical issues . However, GameFi was still shining, and more ‘to earn’ projects were here.Gaming baby, trending baby — 2021.11–2022.01We announced ourselves as Baby MetaFi and changed to a Metaverse project to be the one-stop crypto service platform. We also held many charity sales during this time period, along with extra collaborations with all kinds of projects. Meanwhile, Baby’s Twitter followers has reached 200k, and our trading volume has reached over $300M.Chances are out there, babies are gonna go beyond DEX.<h3 id="baby-metafi">Baby MetaFi</h3>We have learned a lot from the past year, which reflected on the things we achieved or failed. Our team is excellent at discovering and solving problems, and full of experts in platform operation and brand awareness marketing, so we made adjustments accordingly that we should focus ourselves on the things we are really good at — Assets service and brand awareness.<h3 id="strong-assets-service-strong">Assets Service</h3>Projects’ assets usually are separated into two kinds — BEP 20, and BEP 721.Using the GameFi project as an example, BEP 20 is their tokens and they can be governance tokens, utility tokens, and etc. While BEP 721 refers to NFT or Game Assets.We now have adjusted our features and services according to the assets formats.Features<ul><li>BEP 20: IFO (Issuance), Swap (Trade), Farm &amp; Pool (Stake), Bottle (Use Case), …</li><li>BEP 721: INO (Issuance), NFT Market (Trade)</li></ul>Services<ul><li>MetaLabs: Investment (Primary)</li><li>GamePad: Issuance (Semi-primary)</li><li>Swap &#43; NFT Market: Trade (Secondary)</li><li>Stake, Bottle, Activities, etc: Service</li></ul><h3 id="strong-brand-awareness-strong">Brand Awareness</h3>Baby’s avatars are the treasure of Baby MetaFi.We can even say that Baby Avatar &#43; Operation &#61; Baby MetaFi. It plays an important role. As a Baby MetaFi that goes beyond AMM, NFT, GameFi, and Web 3, we will use our advantages of Baby avatars to introduce Baby to the world.Have you heard of BabySwap? — 2022.02–2022.03As the market went down, Baby was doing everything to keep healthy and alive. vBABY holders have reached 5,000 — long-term holders for the win! We continuously BUIDL and had Smart Router online to allow users trade all BEP 20 tokens on BabySwap with the best slippage.<h3 id="stay-healthy-fearless">Stay Healthy &amp; Fearless</h3>The market was bearish starting from April 2022. BTC dropped significantly from $48k to $26k and liquidity was driven out from Altcoins, so it’s crucial to stabilize the liquidity in DeFi. That’s why we upgraded our Stake features and launched new farms and pools to provide DeFi services for projects.After a year of BUIDL, BabySwap transformed from simple AMM to a multi-income MetaFi project.<h3 id="strong-defi-service-strong">DeFi Service</h3>Provide full-life-cycle services for projects.<ul><li>Trade: Swap (Smart Router), Perpetual, Privacy Cash</li><li>Stake: Farm, Pool, vBABY</li><li>NFT: NFT Market, NFB Staking</li><li>GamePad: IFO, INO</li><li>Others: Bottle, Activities, Playground, …</li></ul><h3 id="strong-income-structure-strong">Income Structure</h3>Multi-income structure including ‘to customers’ and ‘to business’.<ul><li>Trade: Trading fees</li><li>Stake: Service fees</li><li>NFT Market: Trading fees</li><li>Others: Counseling fees, Investment income</li></ul>The market has its own periodicity — History Doesn’t Repeat Itself, but It Often Rhymes. If you look back in time, compared to all the successful business magnates, such as Apple, Microsoft (Web2), Binance(Web 3), the fundamentals always have multi-sourced incomes, outstanding cash flow, sufficient cash reserves, to cross the ups and downs, cross the bulls and bears. That’s what we are sticking to!Fortunately, BabySwap has outstanding profitability — We burned nearly $16,000,000 worth of BABY. Though we are expecting a bear market, a bloody market in the next coming year, we could still operate smoothly and stably to make greater things. That’s what investors should be looking at when you decide to go for a long term, and Baby is a worthy investment for the long term.Healthy baby is the best baby — 2022.04–2022.05vBABY holders have reached 7,000 and we were adding most benefits to vBABY and rewards to the long-term holders. During this period, we made huge changes in farm multipliers along with the launch of Smart Router. Since we no longer rely on Baby LPs, we adjusted most of the multipliers and suspended most of the farms.Perpetual also did a great job and now we already have 1,000 users! Perpetual is relatively high-risk, but BabySwap has the best Perpetual service and feel free to try it out after you’ve been familiar with all the terms and risks.At the end of May 2022, and just right before our first anniversary, we’ve added several new features in a week. vBABY sharing the pool rewards, Privacy Cash and Import List. Also, Baby Wealthy Club was introduced.A strong baby will take them all.<h2 id="header-1">The Future</h2>CZ used to say in <a href="https://www.binance.com/en/blog/all/binance-2020-new-year-message-building-foundations-419417682154909696" rel="noopener noreferrer nofollow">Binance 2020 New Year Message: Building Foundations</a> that:Many people ask us what are our grand plans for 2020; we don’t make grand plans. Neither do we make new year resolutions. We prefer the “slowly but surely” mentality. Our experiences have taught us that grand plans change faster than we can announce them.100% agree! We didn’t have a Grand Plan in advance, because we know clearly what crypto looks like. We only have the ability to quickly match market demand with the slow but hard-work BUIDL, and the ambition and operation to promote our Baby Avatar (Web 3 &#43; Web 2) to the global market.If we have to name something, it has to be setting ‘BUIDL To-do lists’ related to ‘asset service’, ‘brand awareness’, and ‘platform value’.Asset Service: The upgrade, optimization, and innovation of Trade, Stake, NFT, GamePad, Activity, etc.Brand Awareness: DID and Baby Wealthy Club will bring Baby Avatar to the public, including both Web 3 and Web 2.Platform Value: Tokenomic upgrade, unstoppable empowerment of BABY.Baby MetaFi will be responsible for Web 3 exploration and Baby Wealthy Club will bring Baby to Web 2. Baby MetaFi will offer a $100,000 marketing budget each month, and $20,000 will be transferred to Baby Wealthy Club as financial support to build the Baby-brand together.<h2 id="header-2">The End</h2>The end of this letter is just the beginning of our second year. It’s my honor to talk to all of you through the 1st year letter. We will have the 2nd year, the 3rd year, the 10th year… A promising future is ahead!You’ve experienced bulls and bears in the market.You’ve earned and lost in the crypto industry.You’ve been in touch with several projects.By the time you look back, you will notice that Baby has grown up so much in a year.Thank you for being our babysitters all along, and let’s step into a new journey.Best,Your cute Baby.<h2 id="header-3">Principal’s Note</h2>&#x1f37c;<a href="https://twitter.com/babyswap_bsc" rel="noopener noreferrer nofollow">Twitter</a>&#x1f37c;<a href="https://t.me/baby_swap" rel="noopener noreferrer nofollow">Telegram</a>&#x1f37c;<a href="https://discord.gg/ac5vnADHbc" rel="noopener noreferrer nofollow">Discord</a>&#x1f37c;<a href="https://docs.babyswap.finance/" rel="noopener noreferrer nofollow">Docs</a>

A Year — A Strong Baby

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BabyMetaFi

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