How to Buy BabySwap (BABY) • BSC Token • Benzinga

Want to jump straight to the answer? You can buy BABY on Gate.io.

BabySwap (BABY) is a cryptocurrency that powers the BabySwap decentralized exchange (DEX). BabySwap is a DEX that looks to make non-fungible tokens (NFTs) easier to use as well as offering an automated market-maker system. Among the project’s many plans for the future are initial DEX offerings (IDOs),  governance system and initial liquidity offerings (ILO). In September, the token soared above $1, surpassing many people’s expectations. 

What is BABY?

BABY is a governance token that powers the BabySwap DEX. It runs on the Binance smart chain allowing for lower fees than other chains. Its main goal is to aid small projects in gaining traction and attention. The projects can range from games to NFT minting. Apart from project assistance, it also offers yield farming, staking and a voting system. However, most of these are pretty standard in the DEX space. Additionally, most of their larger plans are still very vague and require much more development. 

Brief History of BabySwap

The origins of BabySwap are widely unknown. The developers have not made much information public, and their background is very uncertain. It began trading in June, and prices quickly took off. While it was initially listed for a few cents, it surpassed $1 in early September. The developer team has a large presence on Twitter (NYSE: TWTR), perhaps explaining the colossal jumps in price. 

How to Buy BABY.

Now that you understand the basics of BabySwap, you may be interested in purchasing the coin. Doing so is a bit more complicated than traditional tokens but still fairly simple.

  1. Open an online account.

    One way to purchase BABY is through an online exchange. Because the project is very new, it is only offered on a select number of exchanges. Gate.io is the easiest to navigate and offers the quickest route to BABY ownership. Gate.io offers thousands of cryptocurrencies, one of which is BABY. To purchase BABY, you first must create an account on gate.io. Doing so is easy and just requires an email and password. Next, you must fund your account. 

    Gate.io does not allow for fiat (U.S. dollar) transfers, so you must send cryptocurrency from another exchange account. For U.S investors, Coinbase, Gemini and Crypto.com are great choices.

  2. Buy a wallet (optional).

    Wallets differ from exchanges in that they let you hold custody of your digital assets, whereas a crypto exchange holds your private keys. You can choose from multiple forms of virtual wallets. Having a wallet is a necessity to purchasing BABY. 

  3. Make your purchase.

    Once you have USDT in your MetaMask account, you can link the wallet to the Gate.io exchange. On Gate.io, navigate to the BABY/USDT pair. To purchase the BABY, you will have to swap the token with USDT. Choose the amount of USDT you would like to swap for BABY and execute the trade. Afterwards, you should have BABY in your Gate.io account.