We are pleased to announce our next AMA on August 11th 2021 at 11:00 AM UTC Time: Satoshi Club x Baby Bakery
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Baby Bakery Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Baby Bakery Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Baby Bakery
For more details:
Baby Bakery Website – babybakery.io
Baby Bakery Telegram – @babybakeryio
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
One of the fundamental pillars of a decentralized platform is the equitable distribution of wealth, which will generate trust and attract more users to the project. I read that Baby Bakery has a sophisticated anti-whale mechanism. Could you explain in detail what is this mechanism that prevents a single person to keep all the wealth of Baby Bakery? How do you assure your users that the passive profits generated are equally distributed in their wallets?
The blocked liquidity fund will receive 2% of each transaction, this is done so that Baby Bakery remains a stable and secure project. But this is still not enough reason to say that a project has a long term future, for that, there must be other parameters that indicate that a project is reliable and secure. So my question is, besides this mechanism of liquidity blocking, are there other methods that guarantee users that Baby Bakery is a profitable project not only in the short term but in the long term? How do you plan to gain the trust of your community over time?
Baby Bakery is a project that aims to reward its investors for simply holding the currency. And from what I read, These rewards are the result of Baby Bakery’s innovative new smart contract features. I find it interesting to know, what are those new smart contract based features that allow platform users to earn rewards just for holding the native token in their wallet? In addition to this, what is the APY you offer? The level of return generated will depend on how many tokens each holder has? How exactly will this passive earning mechanism work?
Baby Bakery is the first DeFi token that has dual rewards in both $CAKE & $BAKE. First of all why did you choose the rewards as cake and bake? Also how will you distribute the rewards to users? Do you have a BAKE and CAKE pool for distribution? Or are you convert the tokens from the transaction into cake and bake and distribute each time and how are you going to deal with the gas?
In your Baker’s Recipes that is your roadmap,you have Main Course,Entrée and Desert.Are they part of your liquidity pool or they are just terms given to each section of your roadmap?Since your roadmap is divided into 3 recipes and not Monthly or Quaterly,don’t you think user will find it very difficult to track your progress?And can you share with us the recipe you are currently working on?
As part of your vision to reach more people to invest in Baby Bakery,you plan to host large events,giveaways,streams,contest and put to together a well planned marketing campaign.Do you presently have giveaways,airdrops or contest going on?What marketing campaign have you set up to reach more potential investors?And to gain more traction from potential investors,do you plan to work with more crypto Dex aside Pancakeswap,BakerySwap and DX-Sale ?
Since Blockchain is a software,no can say that it is immune from hacking.We have seen in the crypto world,many project suffer brutal cyber attacks and many crypto investors are greatly concerned about the safety of their funds.My question is,What measures have you put in place to prevent hacking and bugs?Have Baby Bakery done any Smart Contract Security Audit with reliable firms to ensure that it’s investors funds are safe and also to gain more traction from potential investors?If yes,can you share with us your audit report?
Baby Bakery prides itself on being the first reflection token on the BSC network that rewards its holders with both $CAKE and $BAKE every 60 minutes. Will this distribution be automatically added to our wallet or must we claim it every 60 minutes? Will we be able to withdraw our earned $BAKE and $CAKE tokens immediately or will they remain locked for a defined period of time?
BabyBakery is indeed a project that rewards their users, part of their ability to do it are their smart contract features, but can you help us to understand the sustainability of your economic model? Why is so profitable? And how do you expect is keeps in float even in the long run?
Bots are a serious problem when it comes to projects like Baby Bakery where you can passively generate incomes. Many platforms develop captcha or even more sophisticated systems and many times they are not enough. Can you tell us how Baby Bakery is going to prevent bot infestation? And what are your antiwhale features about?
A key requirement to make any project a success is an active and strong community. This is why you intend to create a loyal and active community, backed by strong and consistent marketing. Are you planning to launch an ambassador program or a referral system to increase the expansion of Baby Bakery to new users? Do you have in mind collaborating with influencers to promote Baby Bakery globally? Do you plan to reach communities of other languages as well? Lately the Hispanic crypto community has grown a lot.
In order to ensure the long-term growth of Baby Bakery, the team has decided to implement a marketing tax, which will be 2%. What Marketing strategies do you have planned to reach more people? In addition to the AMAS, what other activities will you do? I have seen how projects grow their community through contests, for example meme contests. Have you considered that?
What products or services does Baby Bakery offer to attract the market? Does it have a social plan or program to develop? Most of the BSC projects are short, how long do you estimate for Baby Bakery? Does the team have any new projects to undertake soon, what are more ambitious plans and goals that they want to achieve?
Definitely BabyBakery has started with great enthusiasm and with very clear objectives, the team is prepared and attentive to respond to all the activity and demand that they foresee for the project, financially as they are supported, how is their DeFi structure built and what are their revolutionary features, strong and aggressive marketing that they will implement to create a highly active and engaged community?
On their website they offer new and innovative smart contract functions, you can tell us about them please, do you consider that it is enough to maintain a stable liquidity fund to grant you 2% of each transaction, they trust that this will make Baby Bake remain a stable and secure project, what other strategy do you have to provide liquidity, why have you ruled out private sale?
As you mentioned, no other team has successfully launched a token that gives Cake and Bake tokens as rewards. Bake Bakery is providing great innovation and opportunity, but it is also a great challenge, as no other project has made it happen. What motivated you to be the first to make it happen? What solid foundation do you think the Bake Bakery team has to sustain this project in the long term, even giving great rewards to all holders?
Hello BabyBakery, my question to begin is how to understand what a double reflection token is and how to get rewards if we have $ CAKE $ BAKE by having Baby Bakery? Where did this initiative come from and what are the strategies to be able to use a unique self-definition mechanism and thus guarantee users that the effects are long-term? explain a little about these points thank you.
What differentiates BabyBakery from other projects based on memecoin, what would happen if we buy or sell $BBAKE, what would be the percentage that would be taken from BNB and where would it be stored, to later be distributed?, What would be the percentage of distribution and the mechanism that Baby Bakery would use and how often would we obtain profits and how those percentages of profits would be based depending on the amount of $BBAKE that we own? These points are important to know. Thank you
How would it be possible for Baby Bakery to reward its investors for holding the coin? How would be the redistribution of the percentage in CAKE and BAKE, as well as for the liquidity fund and the percentage for the marketing fund. How would the distribution mechanism be in a manual or automatic way and how often?
The Baby Bakery sugary project intends to reward investors simply for holding the coin. You also set it to pay automatically every 60 minutes. Will you tell us more about this? Is there a minimum amount of BAKE and CAKE tokens that must be held in order to receive rewards? Is it necessary for us to be Whitelisted?
I noticed that you have a lot of reward systems for your marketing strategy in order to attract investors. For example, you include influencers and referral contests under your main course roadmap, celebrity connections on your Dessert, and a Shilling contest on your Entree. I was just wondering why you were so focused on sweet rewards. Can you tell us about any other plans you have? How do you intend to stay in the crypto field in the long run? What will be the essence of your project’s construction?
In your whitepaper you say that the rewards with CAKE and BAKE will depend on how much $BBAKE you hold. So can you tell us if there are some charts to see a better picture of how much can the users earn in proportion to how much they hold? Is there a minimum or maximum limit of funds?
You mention on your whitepaper the current problem of users being rewarded with BNB / BUSD where holders receive little to no reflections … You aim to change that promising higher and more sugary future instead of the traditional stable coin, can you explain how are the constant fluctuations of the BAKE and CAKE token price going to influence the rewards you promise? How are you going to keep it “greater” always?
Looking on to BAKEONOMICS, the Total supply of $BBAKE token is 100,000,000,000. Among them you have allocated as 15%- Auto burn, 5%- Manual burn, 77.5%- Presale & Pancakeswap allocation, 2.5%- Marketing Locked wallet. So what is the point of dual burning model (auto burn+manual burn) though you can burn that 20% as auto Burn or manual burn (single model)? How will Auto burn & manual burning protocal operate, will it be worked via developers? Why don’t you have allocate a portion of tokens for Baby Bakery dev team & for upcoming partnerships? Do you think, that this token allocation is the best one for Baby Bakery platform? And also you decided to incur 10% of transaction fee on each trade/transaction which is used for 3%- distribute $CAKE to $BBAKE holders, 3%- distribute $BAKE to $BBAKE holders, 2%- Marketing fund & 2%- liquidity pool. This allocation is good but it has not included deflationary mechanism with each transaction. Even if you burn 20% from total supply initially, inflation situation might be happend & it can be crashed $BABKE token completely in market. What about your opinion in this matter? And also please explain about liquidity pool and how will you maintain in stabilized condition addition to 2% transaction fee? What is the locking period of liquidity pool? Finally I want to know How will $BBAKE protect from whale actions?
According to your vision, you plan to host large events, giveaways, and so on.., and put together a well-planned marketing campaign.What marketing campaigns have you put in place to reach out to more people and get some traction with potential investors? Or do you have any current giveaways or airdrops?
In Dessert time- Baker’s Recipe, you focus on celebrity connection & it will be a huge potential role for Baby Bakery platform. So what kind of celebrities will you make alliance with? Will you employ them as ambassadors within Baby Bakery ecosystem? Please share with us about more celebrities, you hope to reach.
Congratulations in advance for your presale that will be held today, specifically by 3pm UTC. Most projects usually ends whitelisting and publish successful whitelist 24 hours before sale date but I discovered as at 8am UTC today, Baby Bakery whitelist contest is still open. What are your whitelisting requirements and how many winners will you have in total? When will it close and when will you publish winners list in order for them to be sure they can attend sale? What softcap and hardcap have you set for yourself and will there be any individual buying limit? When do you plan to list after presale is completed and will this listing be on BakerySwap and pancakeswap simultaneously? Will you be committing majority of the funds you will raise to liquidity and will they be locked?
Adoption is a challenge for any blockchain project, especially during this volatile period in the market, when many blockchain projects fail because only a small number of people use their platform. What is the Baby Bakery team’s strategy and vision for this situation?
What is
Bakery
The economic model adopted by Baby Bakery is somewhat similar to that adopted by most meme tokens. A considerable amount of meme projects have opted for a rewards scheme payable in tokens of a much bigger and popular projects, rather than their native tokens. With Baby Bakery, the reward tokens are CAKE & BAKE. Even as Baby Bakery tries to encourage users to hold it’s platform token $BBAKE, may I understand why a considerable effort is placed on rewarding with CAKE & BAKE, how does this reflective distributry approach help the $BBAKE token, and what is the total liquidity of CAKE & BAKE tokens available to the Baby Bakery treasury?
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Baby Bakery has placed great emphasis on it’s marketing plan and to this end, it has in-line a host of events, competitions, partnerships and campaigns. These plans has been duly reflected on your roadmap, with at least a marketing event incorporated at each phase of your project development. With Influencer marketing been one of your most critical marketing strategy, can you carefully explain how Baby Bakery will look to effectively carry this out, what skill-set, language type and regions would you look to source your Influencers from? Talking ad campaigns, events and promos, how would your community be involved in all this, and what digital channels would be best preferred for such campaigns and events?
I took a deep look at your project and I found out that the only utility of $BBAKE is reflection which is anchored on buying and selling, thereby hinging the sustainability of your project on the regularity with which investors buy or sell. This mean if there is no buy or sell action, people don’t get reward. This may discourage people from long term holding of your token, and if where there are no long term holding, token value cannot appreciate. How do you design your system to ensure users are more eager to buy than to sell? Apart from reflection function, what other usecase will $BBAKE have? For example, I can suggest features like merch stores, staking, NFTs, lottery and even gamification. But in your roadmap, nothing like this apart from reflection. Don’t you think it is necessary to include more usecases in addition to being a meme-tokens, so that you can continuously be relevant even after the initial hype of launching?
I realized that you have focused a lot attention on Marketing when I read your whitepaper. Also you have allocated 2.5% from total supply for Marketing purposes. What kind of Marketing structure will Baby Bakery launch in future to gain a exponential community growth? Will you Do more AMAs, airdrops, giveaways & referral contests as Marketing strategies? What about the celebrities +Crypto influencers, do you get them on to the boat to expand the marketing?
One of the selling point that you claim your project has is that the team is fully doxed. But apart from the lead developer who is available on your website, there is no information on who makes the team. Since a team usually involves more than one individual, who are the other members working on this project and what role are they handling? What is the level of their experience and where link can users use to check out the fully doxed team? Are they a globally selected team and work remotely or are they from a particular region?
Whales and bots have become major threats to new projects. Therefore, several strategies are being introduced to keep whales and bots away. You have indicated that there is an anti-whale protection to Baby Bakery. According to your anti-dump feature, maximum sell is 0.1% of the supply and there should be a 30 minute gap between sales. However, whales can easily overcome this barrier by using multiple accounts. Is there a mechanism to identify multiple accounts and to block them? Do you have a KYC policy? Implementing a maximum selling limit and a time gap is a common solution though it seems less effective. In addition to that, do you take any unique steps to minimize whale activities? On the other hand, what is your anti-bot policy? Do you keep both good and bad bots away? Nevertheless, if the project faces any difficulties such as sudden dumps and security issues, do you have a plan B to solve the problems of the users? Do you have partnerships with insurance platforms?
By holding Baby Bakery, users can receive rewards in $CAKE and $BAKE. What is the reason for choosing these particular tokens? Why don’t you distribute rewards with your own token? Are their any investment tiers? Do we receive more percentage of rewards if we hold a higher amount of Baby Bakery? By the way, from each transaction, users have to pay 2% for the marketing fund. You have indicated that this decision has been taken to ensure the long term growth of the project. Can you please explain how does this tax help for the growth of Baby Bakery? Instead of implementing a marketing tax, you should have allocated a portion from the total supply for marketing purposes. It seems a better option from the users’ side. Why did you think it is not suitable? What are the advantages of implementing a seperate marketing tax and disadvantages of allocating funds from the total supply?
What are the development initiatives you have taken place so far and what are the future road-map for the current audience?
Baby Bakery will have a presale later at 3 pm UTC. Can you update us about the presale whitelist winners from the whitelist competition? How will be the winner chosen and what will be the presale price and launch price?
How will be impact of the anti-whale protection of the users preferences, strategies and behaviors. Are you already using those data? Do you plan to use them in the future as an additional source of profit?
According to the Dessert phase of your Roadmap,you plan to start a retail investor based-marketing and you also plan to have a celebrity connection which give highlights to your final Roadmap. So,can you elaborate more about how will the retail investor based-marketing will be implemented and will work in your platform? Can anyone become a retail investor in Baby Bakery? If yes,what would be the qualifications and requirements to become a retail investor in your platform? Finally,speaking of celebrity connection, can you tell us whose celebrity you are eyeing to be connected with? Since you are still new in the market,what would be the deal you can offer for this celebrity? What maybe the impact that this celebrity connection or collaboration will bring to Baby Bakery network? Thank you
What is your strategical movement of the future decentralization aspect using your technology? Also in the future, is it possible to quantify the level of decentralization and economic innovations?
Baby Bakery has a community driven initiative that uses a unique auto defi mechanism to ensure the sugary highs are long term. So,can you explain more about the unique auto Defi mechanism that being implemented in your platform? What are those unique mechanism that we can see in your platform? How does it works and be applied in Baby Bakery? What are the advantages that this unique auto Defi mechanism will bring to your platform,to investors and to your community especially to holders? Thank you
What are your marketing strategies after the launch ?
What exactly is your project doing differently? What are the differences to all other projects?
My First question
What is the planning about marketing for these coin project ?
Second
What about this big planning about this project ?
Third
How to build up a big and strong community and there future to increase holders?