BabySwap is an automated market maker (AMM). The decentralized exchange is the core of the BabySwap crypto platform. It allows traders to operate efficiently without the need to use a centralized exchange. All transactions you carry out via the DEX are routed through your wallet eliminating the risks of trusting your coins with another service. Since its launch in June 2021, the brand has grown its ecosystem that covers decentralized exchange, farms, pools, mining, NFB, Initial DEX Offering, and other projects on the Binance smart chain.
BabySwap overview
The DEX boasts of being the best option for newborn projects on the BNB chain to receive support like NFT, GameFi, and AMM. Some of the key features of this DEX are listed below:
- BABY is the core token powering the exchange and other parts of the BabySwap ecosystem.
- It supports numerous crypto coins and tokens including USDT, BNB, BUSD, ATOM, BAND, and much more.
- The platform supports English, Japanese, Arabian, Korean, Chinese, Vietnamese, Persian, and Hindi.
- Funding methods include crypto coins and tokens like BABY, USDT, BUSD, BNB, ADX, AIR, and more.
- For traders the DEX offers many baby projects and opportunities to grow via the farming, bottling, and other features.
- It offers a growth fund, entertaining activities, arbitrage support, user-friendly design, and resources needed to boost your assets.
- The NFT ecosystem, P2E games, GamePad, vBABY, customized user profile, DAO, and multichain support are other vital features the DEX offers to users.
How does BabySwap work?
The DEX allows for all the following:
- Trade mining feature for which you get free BABY for each trade
- You can stake LP tokens and earn free BABY or stake BABY to earn free tokens
- Creating a liquidity pool is achieved by adding tokens to the liquidity pool for which you receive LP tokens. You can auto compound BABY Snack Pool or use the limited pool feature where each address stakes only a specific amount of BABY.
What can you buy on BabySwap?
The DEX works on the BNB chain which is a blockchain that has a lower transaction cost when compared to Bitcoin or Ethereum. You can buy from the huge list of available assets or tokens including BUSD, USDT, BNB, ADX, BabyDoge, Bake, BABY, and more.
Is BabySwap safe?
As per the vendor, the platform is consistently and actively conducting regular audits to ensure the service is safe and reliable. All audits are by CertiK.
BabySwap fees, compatible wallets, and transactions
When you trade on the exchange, it charges a fee of 0.30%. The fee is split up as shown below:
- 0.15% is returned to the liquidity pools as a fee reward for liquidity providers
- 0.05% is set aside for buyback BABY for burning
- 0.05% is distributed to vBABY holders in the form of USDT dividends
- 0.05% is for Buyback BABY and distribute to all vBABY holders
- Users get free BABY as a reward for each executed trade
The service supports 12 wallets including metamask, walletconnect, tokenpocket, mathwallet, Bitpie, Binance Chain Wallet, Trustwallet, Onto wallet, Bitkeep, OneKey, and Coin98.
What are the ways to trade on BabySwap?
The DEX allows instant swapping of tokens without any registration or account opening. In contrast to other DEX platforms working on the BNB chain, the recommended swap route for this DEX is USDT. Hence, arbitrage between the DEX and other exchanges will cost lower.
Trading on the DEX can be done in the following ways
- You can trade mining to get free BABY for each trade.
- Route to the liquidity pool automatically using the best price.
- Add tokens to the liquidity pool and get LP tokens.
- Stake LP tokens and earn free BABY.
- Stake BABY and earn a free token.
- Lock the tokens and earn tokens with fixed APY.
- Raise funds via Initial DEX offering for your USDT projects.
- Raise funds in LP tokens via initial farm offering for BABY-USDT projects.
- You can collect and stake Nonfungible Baby to earn BABY.
- Trade NFB with BABY and burn more.
Customer support
For support, the vendor offers social media links to Twitter, Medium, Telegram, and Discord. An FAQ section is present that features common queries and the answers.
Should you trade with BabySwap?
BabySwap summary
BabySwap summaryPros
- Lower transaction cost
- Users retain full ownership of their tokens
- High earning potential
Cons
- Does not have a personal dashboard feature
- Lack of vendor transparency
