BabyTether gives holders the opportunity to earn stable passive income in Tether (USDT), a stablecoin which is pegged in a 1:1 ratio to the US Dollar.
What is BabyTether?
BabyTether is a new Binance Smart Chain (BSC) token holding which you can earn Tether (USDT), a stablecoin pegged in a 1:1 ratio with the US Dollar. As the project described in its whitepaper, the aim of the token is to prevent the hassle and risks associated with earning rewards via participating in projects.
The pre-sale of the token will start on Jan 22 as the project is being audited by CERTIK. Moreover, the Initial Liquidity Provided is locked with PinkSale and fully audited by CERTIK & InterFi.
“Our team really likes the idea of projects that pay rewards to holders immediately in the form of stablecoins (USDT, BUSD). But in reality, there are very few such high-quality projects on the market. That is why we are here!” said the project in the whitepaper.
While investing in projects by holding their tokens, users might receive the same token or a second token as a reward. The received rewards need to be converted to a stablecoin or kept in the wallet. However, there is always the case of loss due to price fluctuation.
BabyTether provides rewards in stablecoins which can be used in a number of cases and even used to buy the dips which are prevalent in the market. As per the whitepaper, the aim of the token is to achieve success like BabyDogeCoin (BabyDoge).
Features
Below are the essential features of the platform which investors need to focus upon:
7% Redistribution in USDT
7% of every buy/sell is redistributed among all the token holders, which serves as the reward for them. However, it is also to be noted that almost 200,000 tokens are required to be eligible to receive rewards in $USDT.
Automatic Payments
The payments are automatically sent, and users don’t need to claim them. Users only need to add their USDT wallet addresses, and that’s it!
Dashboard and Calculator
The dashboard provided by BabyTether will allow you to easily track and claim your tokens and also monitor the stats of the token.
After the launch of the project, a calculator will be added that will allow investors to keep track of all their earnings which will be based on the number of BabyTether tokens in a user’s wallet and the trading volume at the moment.
3% Liquidity Pool and 1% Sell Fee
Around 3% of every transaction is converted into liquidity for PancakeSwap, therefore providing stability in the trading of BabyTether. Furthermore, an extra 1% fee is applied to all transactions, breaking whale manipulation and swing-trading.
Marketing
Another notable feature is the allocation of 5% of every transaction to Marketing in USDT. This will help get the word out for the token.
BabyTether Swap
The BabyTether Swap is yet to be introduced in the ecosystem. The Swap will be built-in into the website, allowing users to buy the tokens without switching to other platforms.
Buy via Card
After the launch, the feature to buy BabyTether with a user’s bank credit or debit cards will be introduced. After making the payment, the user will receive BNB tokens which can be exchanged for BabyTether tokens via the Swap.
Dividend Distribution Mechanism
The basis of the dividend distribution mechanism followed by BabyTether incentivizes token holders to hold in order to earn dividends from the transactions (buys and sells).
“The dividends are not dependent on the price of BabyTether. They are based purely on the volume and proportional to the BabyTether amount you hold in your wallet,” said the official document.
Here are the details of the mechanism:
All $USDT contract gains are split proportionally between the token holders.
To receive dividends, a minimum token balance of 200,000 BabyTether is required to be held in a wallet.
The contract keeps track of all the dividends due to each holder in a list.
Every transaction processes a certain number of users from the list.
The number of holders processed through each transaction is dynamic and based on transaction size.
Holders will receive dividends from the queue based on their position in the list.
It’s a fair system, fully automated.
Security
The platform ensures security by implementing the following steps:
The liquidity pool is locked for 12 months using the PinkSale platform.
BabyTether’s contract address has been audited by CERTIK.
The founder of BabyTether provided the full KYC on the PinkSale, with documents and video confirmation, claims the official docs.
5% of the team tokens are locked for 12 months with linear unlocking.
Tokenomics
Here are the token allocation details:
Below is the pre-sale information for BabyTether:
Roadmap
Below is the roadmap of the BabyTether token:
As clear from the image above, the team also plans on releasing a mobile application that will allow investors to track their earnings as well as trade NFTs on the BabyTether NFT marketplace.
Final Thoughts
BabyTether provides a new way for investors to invest their hard-earned money for a stable passive income. The project has been audited by CERTIK and the developers have implemented strong security features. The founder has provided a video KYC (Know-Your-Customer).
Moreover, the project plans to release the mobile app soon and aims to follow the success of BabyDogeCoin.
Source : bsc.news
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