JOIN THE $BABO CLUB
© Copyright 2024 BABO CLUB – All rights reserved.
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Install and create a universal profile: you can also use a MetaMask and other compatible wallets. We always recommend a universal profile 🙂
The universal profile act as a.. profile!
So this makes things easier to all of us in the web3. You have a profile, not just a wallet. Babo like this.
To deposit $LYX to your wallet, you can access your universal profile and click on “Buy.” This will direct you to Transak, where you can fund your account using a debit card.
Alternatively, you can purchase $LYX from various exchanges listed. Once you’ve acquired $LYX from your chosen exchange, you can send it directly to your wallet.
It’s $babo time! Head on over to Universal Swaps and connect to the Dapp with your UP or wallet of choice.
Once connected copy and paste $babo’s contract address – listed clearly on our website in the search bar.
Enter the ammount of lukso you would like to swap for $babo and press swap!
That’s all! Add $babo to your wallet.
If you are living and loving life on the pink pain chain you might already have noticed the $babo in your wallet! If you are still chilling in web-2 that’s fine. $babo has you covered!
Simply import the $babo contact address and import the tokens into your wallet.
As a team, we want to be fully transparent about how we are managing $babo and our long-term vision for the project. Here are the key points:
The “Team Babo” wallet currently holds 13 million $babo. These tokens will be used exclusively for growing our ecosystem through new dApp developments and marketing initiatives to attract new users.
The funds in this wallet both $Babo and LYX will be used in a strategic way focusing on key ways to add value for our users. So far, everything we’ve built—ranging from the 500 LYX in the liquidity pool to the development of the NFT system and the website—has come directly from our own time and pockets.
We are fully immersed in the Lukso ecosystem, any and all developments will be highly evaluated for market placement. This means our Marketing wallet will be managed very tightly during tough market conditions. In the short term, we’re focusing on organic growth, and when Lukso gains Momentum we will be ready to ramp things 🆙️
Our commitment is to the future of $babo and the larger Lukso ecosystem.
Come and Join Babo club now!
Formally known as Babian Boglesteller – the twin unloved brother of Fabian Vogelsteller but don’t be mad at Fabian, he doesn’t know… yet.
$babo is on the pink chain. Also known as Lukso. Here on the pink Chain we are all about innovation and making crypto accessible to the masses.
Check it out, you won’t regret it!
We’re building a unique ecosystem on top of a community-driven token, combining fun and innovation to bring more people into the LUKSO blockchain. We were born a meme, but we’re shaping culture.
Our goal is to create an entire ecosystem that uses $babo as a powerful tool, not just a token. We’re exploring DeFi applications, NFT staking, and other creative ideas that will add real value to the LUKSO ecosystem. By leveraging $babo in fun, engaging ways, we aim to attract more people to the project and showcase how a meme token can evolve into something much bigger. Stay tuned for what’s coming next.
No, $babo doesn’t believe in Tax! He lives off the grid and pays for his cookie dough in $babo
Our marketing/air drop/collaboration wallet contains 13% of the initial supply.
Don’t worry, this wallet is going to be used to grow our Brand and untilised over the years to come!
Checkout the team members for any more questions.
We have supplied 75M $babo – 500lyx.
We have burned the LP and have no access to the funds.
Aaaaand it‘s gone! 😉
BABO introduces a revolutionary DeFi concept that merges the BABO NFT collection and $babo token into a cohesive and dynamic ecosystem.
Our bidirectional NFT swap system allows seamless interaction between the NFT and token markets, resulting in a NFT structure with distinct game theory dynamics.
In response to the liquidity challenge faced by traditional NFTs, we’ve developed a mechanism that bridges the gap between NFTs and tokens.
This structure gives each NFT a liquid value tied to $babo, meaning the floor price of the NFTs will naturally correlate with the price of the $babo token. This will generate numerous arbitrage opportunities and game theory dynamics.
Over time, the collection becomes hyper-deflationary as users choose to lock their $babo in exchange for NFT, reducing the circulating supply of $babo tokens.
If the entire 1.000 NFT collection is in circulation out of the babovault, the $babo supply will be reduced by 54% as it will remain locked in the babovault.
BABO introduces a groundbreaking NFT x TOKEN Liquid Hybrid model through an innovative two-way mechanism that solves the liquidity problem in the NFT space.
This mechanism allows users to swap their BABO NFTs in exchange for $babo tokens and vice versa, blending 100% unique NFTs with the liquidity of a token.
This not only creates a hyper-deflationary NFT collection, but also supports deflation in the $babo token as users interact with the system, locking up to 54% of $babo in the babovault if the entire collection is in circulation and burning forever 1% of each swap cost.
If there are available any of the 1.000 BABO NFT’s in the Babovault, you can swap an NFT from there. You must pay 54,321 $babo tokens to the vault. Once you pay this amount (plus the 5% fee on the top), you’ll receive a random BABO NFT.
Every swap incurs a 5% fee.
By swaping your NFT in the Babovault, you can claim back 54,321 $babo tokens at any time.
Every swap incurs a 5% fee.
The swap mechanism creates arbitrage opportunities because the $babo token price is linked with the NFT value. For example, if an NFT’s floor price falls below the claimable amount (because the $babo price goes up, for example), a user could buy the NFT at a lower price in the marketplace, claim the $babo tokens in our website, and then sell them for a profit. This also contributes to a positive feedback loop by burning $babo tokens in every swap.
The more BABO NFTs in circulation, the more $babo tokens will be locked in the Babovault, potentially removing up to 54.32% of the circulating supply. If this happens, it could lead to an increase in the price of $babo due to the reduced availability, which in turn will drive up the floor price of the NFTs, potentially causing them to be swept up from the market.
There are 3 specific traits, and if you own one of each (there are 50 of each trait), you become eligible for an automatic airdrop that will occur periodically. This airdrop is funded by the 1% accumulated from each swap.
This mechanism will incentivize more swaps to search these traits and encourage strong holding of these 150 NFTs.
Investment Optimization: Users can develop strategies to maximize their profits by buying and selling NFTs or $babo tokens based on market fluctuations and arbitrage opportunities.
Active Market Participation: Changes in the $babo market and NFT prices can lead to more active participation as users seek to maximize gains through strategic exchanges and arbitrage opportunities.
Feedback Cycle: The system is designed to create a positive feedback loop. As users exchange NFTs for $babo, the supply of $babo decreases, which may increase its value and attract more users to participate. This increase in $babo value can lead to more exchanges and higher activity within the system, benefiting both NFT holders and $babo token holders.
© Copyright 2024 BABO CLUB – All rights reserved.