Introducing BabySwap
BabySwap is an AMM + NFT decentralized exchange (DEX) which aims to nurture ‘newborn projects’ on BNB Smart Chain. In November 2021, it expanded its ecosystem into Baby MetaFi, a holistic metaverse for users to trade, earn, and play.
Aside from DEX trading, Baby MetaFi includes its gaming launchpad Baby GamePad, investment arm Baby MetaLabs and in-house NFTs like PFP collection Non-Fungible Baby and land NFT collection Baby Wonderland.
BabySwap’s Challenge: Lack of Diversity in Trading Function
BabySwap is one of the best launchpads on BNB Chain for new DeFi and NFT projects. It also offers token swaps, staking, liquidity pools and more to help BabySwap users earn.
However, despite its comprehensive suite of products, the BabySwap team felt limited in their ability to offer more variety of trading functions besides spot trading.
True to its spirit of providing the best support for new projects, BabySwap decided to onboard the ApolloX DEX Engine as its second official partner in April this year to create a new perpetuals trading platform.
Solution: BabySwap Perpetuals, powered by ApolloX DEX Engine
The ApolloX DEX Engine is a one-stop decentralized derivatives trading solution for any business looking to launch their own derivatives DEX.
BabySwap Perpetuals is a uniquely branded perpetual futures platform leveraging ApolloX's stable infrastructure, deep liquidity and market depth. Under an attractive profit-sharing model, BabySwap also earns a minimum of 50% commissions on transaction fees.
Baby Ava, Global Business Operator of BabySwap, shares, “The lack of diversity in the trading function was our major challenge prior to implementing Perpetual trading on BabySwap. We definitely attract more users now since we only had spot trading before. With more possibilities, users explore BabySwap and they earn, have fun, and stay with us.”
The results
- Diverse trading opportunities for BabySwap users to experience and gain
- Increase in new and active traders on BabySwap
- Increase in total trading volume from perpetual trading
“Trading volume and user flows have seen the most impact since more active users with high trading volumes now trade on BabySwap Perpetuals. The stable and unique features attract more users to invest with confidence. For example, in October (2022), the total trading volume was more than $11 million,” comments Baby Ava.
Supported by ApolloX DEX Engine, BabySwap Perpetuals traders enjoy different order types (i.e. stop loss, limit orders), margin modes, leverage and other features not commonly found on AMM DEXes like BabySwap. In addition, the ApolloX DEX Engine also develops and pushes out features aimed at growing partners’ communities. Exclusive features recently launched on BabySwap Perpetuals include:
- Chat Room for global users to chat, with in-built translation and emoji pack
- Web position sharing feature for users to share BabySwap-branded position posters
- Attractive referral rebate program with 20% commission for referrers and 10% for referees
The cherry on top: ApolloX DEX Engine onboarding includes marketing support, which is helpful for businesses new to perpetual trading. Baby Ava says, “We took about 2 weeks to launch BabySwap Perpetuals after introducing several trading campaigns to hype up the new platform. Later on, we also added several teaching sessions to better educate our users about crypto futures.”
Since launch, BabySwap Perpetuals has actively held user campaigns and provided educational content to benefit its community. Recently, the platform also speedily launched a referral campaign after the new referral program went live!
Baby Ava summarizes the value that BabySwap Perpetuals has brought into the Baby MetaFi ecosystem: “What we appreciate the most is the abundance of features on BabySwap Perpetuals! This helps our team to better capitalize on opportunities and encourage our users to try perpetual trading. We are proud to say that our DEX provides various ways for users to operate and earn, personalize their preferred way of earning, and open channels to learn more about market trends.”
Join BabySwap and 20 other ApolloX DEX Engine partners in launching your own perpetuals DEX. Be next to enter the perpetual futures market!
Set up your DEX in a few days
Whether your business wants to expand into the derivatives market, cater to both beginner and pro traders in your user base, or even add more use cases to your native token (ask us about this!); ApolloX DEX Engine promises a fuss-free, ready-to-deploy experience. Furthermore, you can expect marketing and customer support from ApolloX to ensure a smooth onboarding.
3 Simple Steps
1. Fill in the application form and submit
Our dedicated support team will review each submitted application with care. Successful applicants will be guided to proceed to the next step.
2. Create your own domain name
Before you start, help your users easily identify you by creating your branded domain name.
3. Download our proprietary SDK and customize it according to your preferences
Customize the ApolloX DEX Engine SDK to better cater to your business needs. After mandatory testing, prepare for launch.