BabySwap is proud to announce that they have set 5 charity non-fungible baby’s (NFBs) for sale on the Binance NFT platform.
The BabySwap team have co-signed these NFBs with 5 amazing projects, namely the Hot Cross, Kine Protocol, Moonpot, XCarnival, and Monsta Infinite.
Their charity NFBs will still be priced at 0.1 BNB and there are 143 pieces for each NFB, which totals around 715 pieces of NFBs.
The charity NFB sale will happen at exactly 2PM UTC on November 9, 2021.
The team also added that all of the money that will be raised will go directly to the Binance Charity, a non-profit that facilitates charitable giving with cryptocurrency and provides transparent records of donated funds.
❤️ #BabySwap Charity
5 amazing charity NFBs will open for sale on @TheBinanceNFT!
ALL INCOME will be donated to @BinanceBCF 👶🍼
⛳️ 143 * 5 = 715 pieces
⌛️ 2 PM UTC, Nov 9 pic.twitter.com/QqvlJ1OiUP
— BabySwap🍼 #BSC (@babyswap_bsc) November 8, 2021
What is BabySwap?
BabySwap is more than a decentralized exchange for trading the tokens of ultra-uber-risky baby crypto projects. The platform utilizes an automated market maker algorithm to facilitate liquidity and trading in these infant cryptocurrency initiatives.
According to BabySwap’s website, anyone can “list” any BEP20 token on the platform (without asking for permission). They only need to ensure that they contribute liquidity to a liquidity pool – often via ‘Altcoin / USDT’.
In contrast to other decentralized automated market maker (AMM) exchanges on the Binance Smart Chain, BabySwap recommends Tether (USDT) over Binance Coin (BNB) or Binance USD (BUSD).
To improve liquidity, however, these baby projects may wish to subscribe to BabySwap’s services, which allow them in constructing ‘yield farms’ and ‘snack pools’ on their platform with high annualized rates of return or (APRs).
What is BabySwap’s Non-fungible Baby (NFB)?
NFB is a collection of cryptographically created, one-of-a-kind, immutable, and digital baby figures.
You can think of them as the typical non-fungible tokens but they have an image of a baby.
Due to the fixed value of each batch of NFB in BABY, it can be saved in a wallet or staked in the NFB mining pool, as well as traded on the open market.