Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Baby Bakery and our guests were @Anthonydefi, @madmaxbsc, and @loftynft – representatives of Baby Bakery. The AMA took place on 11th of August.
The total reward pool was 500$ and has been split into 3 parts.
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Website
Gold Rocket | Satoshi Club:
Hi dear Satoshi Club 🚀We are pleased to announce AMA with Baby Bakery!🧁
Paul Mont | Satoshi Club:
Today’s guests are @Anthonydefi @madmaxbsc @loftynft! Welcome! Great to have
you here!
Gold Rocket | Satoshi Club:
Hello and welcome to Satoshi Club guys😍
ATHony:
Hi there everyone 😌
Max:
Hi there !
Gold Rocket | Satoshi Club:
Hi 👋🧁🧁🧁😋
Paul Mont | Satoshi Club:
Hello guys, it’s a great pleasure for us to have you here at Satoshi Club: )
ATHony:
We appreciate being here.
Paul Mont | Satoshi Club:
The appreciation is mutual! 😉
How are you today?
Gold Rocket | Satoshi Club:
We are very glad to conducting AMA with Baby Bakery
Thanks for joining🧁
ATHony:
Doing very well, a little stressed but we are good 🙂
Paul Mont | Satoshi Club:
I hear that stress, in little doses, is good for performance:)
Loftyace:
Thanks for having us 🙏
Gold Rocket | Satoshi Club:
Yes, you have a big event in a couple of hours! I’m sure you are very excited😁🤞
ATHony:
Yeah, you are probably right, all worth it in the long run😁
Paul Mont | Satoshi Club:
Haha, great! Without further ado, let’s start! 😉
So, please tell us more about yourselves – your past experiences/background and also how did Baby Bakery come to life.
ATHony:
Awesome let’s begin 🙂
Gold Rocket | Satoshi Club:
Tell us please also about your position in Baby Bakery
ATHony:
All of our team has very different backgrounds from marketing to coding, and we
came together through university a few years ago.
We have been participating in the defi ecosystem as investors and on lookers
for a long time now, we were tired of repetitive projects so put our joint
knowledge together to bring baby bakery.
ATHony:
I’m the lead developer and the one responsible for creating Baby Bakeries smart contract.
Paul Mont | Satoshi Club:
So you all know each other personally and are friends in real life, correct?
Gold Rocket | Satoshi Club:
Cool..
What is the essence of Baby Bakery?
ATHony:
Our 3 core members yes, but we have 2 other admins who we only have a online relationship with who also play a big role in our project.
ATHony:
Essence is creating a community around a project that has community values, trust, and long-term rewards.
Gold Rocket | Satoshi Club:
How long does it take to develop a project? What plans do you have for the
future? And what can we expect from Baby Bakery?
ATHony:
Hard question because realistically u could develop a project in a few days.
However tracking trends, staying up to date with the ecosystem and market ect is the hard part in my opinion.
Baby bakery took around 3 weeks of building and planning, however, our team was thinking of ideas for many weeks before that.
Gold Rocket | Satoshi Club:
Brainstorming is not easy.😁👍
Thanks for great introduction, we will have several questions selected for the Part 1. Ready to start?
ATHony:
Sure 🙂
Q1 from Telegram User @Highpee
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?
Gold Rocket | Satoshi Club:
Sorry .. I found your stickers and they are very funny. 😁
Paul Mont | Satoshi Club:
Haha I agree 100%, so darn cool 🔝😁
ATHony:
Lets cover who i am firstly, My name is Anthony Warwick and i am from Brazil.
Lofty is our lead marketing manager he is from Texas, Lofty will be doxing with
max as a team in a live stream ama planned at the end of the week,
Max is also from Texas and lives close to Lofty, im hoping to get my visa
sorted again soon and relocate back there.
Loftys marketing
experience started in drop shipping and social media marketing. That’s what
slowly lead him towards widening his views on venturing towards the crypto/defi
scene
Max’s community management experience originated in gaming communities, hes
mixing his defi love with community skills to help run our wonderful community.
Glad you liked them 😅
Paul Mont | Satoshi Club:
No, you’re wrong… I love them haha 😁🤍
Gold Rocket | Satoshi Club:
Does this mean the team is not anonymous?😊
ATHony:
Im not anonymous anymore, however Max and lofty are technically still anonymous until this Friday.
Our community moderators will however not be required to dox if they dont want to.
We only need our core team doxed in order to get higher quality listings and partnerships.
Gold Rocket | Satoshi Club:
Great answer! thanks😊
Paul Mont | Satoshi Club:
This is wonderful news – not a thing to take for granted in the crypto world
and surely will help in your goal towards building a lot of trust from the very
beginning.
Gold Rocket | Satoshi Club:
thank you very much for your honesty and for helping to deal with this moment😊
Ready to proceed to the next question?
ATHony:
Thank you we are trying hard to complete as much of the communities desires as we can 😊
Suure
Q2 from Telegram User @victorogb
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 distributiion approach help the $BBAKE token, and what is the total liquidity of CAKE & BAKE tokens available to the Baby Bakery treasury?
ATHony:
Good question, We are in fact the first token to reward both bake & cake
and are using that as a key factor about our project.
We have our reasons for picking those rewards, but huge majority of the bsc
community also were itching for dual rewards of this calibre.
Also alot of meme
projects may look similar on paper, but that’s a very small part of the meme
coin culture.
The community engagement and consistent marketing is what will truly set us
aside for the long term.. as im fairly certain within a few days from now a
team will copy our tokenomics and launch a replica project, the difference is
we will still be here next month and more importantly next year.
what is the total liquidity of CAKE & BAKE tokens available to the Baby Bakery treasury?
The total supply of baby bakery is 100billion tokens, the total supply the core team will control is 2.5% in a marketing fund.
Paul Mont | Satoshi Club:
I totally agree with this philosophy;)
Do you have a tokenomics paper to share with our community? 🙃
ATHony:
may I understand why a considerable effort is placed on rewarding with CAKE & BAKE
Cake in our eyes is the
king of the bsc, as our ecosystem grows generally cake will follow.
We believe in the long term success of the BSC sector as a whole so therefore
feel confident betting on cake.
Yes we do on both our website and whitepaper
https://babybakery.io/
https://linktr.ee/babybakery
Gold Rocket | Satoshi Club:
Great! Thanks for sharing🧁
Do you want to add something? Or we can proceed to the next question?😉
ATHony:
No problem 🙂
Lets proceed
Q3 from Telegram User @yellowchamp
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, could you elaborate more about how will the retail investor based-marketing 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
ATHony:
Of course, with regards to retail investor based marketing, We plan on
propositioning baby bakery to a more wider audience outside of the bsc with the
help of well established agencies in the bsc, in order to do this successfully
we must be at a certain level and bring in tactics such as celebrities and
larger influencers.
We have connected with a agent specialising in connecting teams with the
relevant ambassadors and will be releasing more in-depth information on that
soon.
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?
We are looking at
connecting with a celebrity chef to begin, main reason is the obvious.. Its
very relatable to the project.
We would be offering them a fee based structure.
Gold Rocket | Satoshi Club:
Are you interested in social media influencers with a large following? 😀
ATHony:
What may be the impact that this celebrity connection or collaboration will bring to Baby Bakery network?
As for the marketing side
its endless, we will personally be using the announcement, promotion, and
engagement from our chosen celebrity to our maximum advantage.
Through articles, community shilling, add campaign’s and social media, to reap
the maximum amount of benefit from the collaboration.
We have connected with a few already actually, multiple large-scale influencers already have promoted us.
However, we are always open to review more and will be adding more on as we go.
Gold Rocket | Satoshi Club:
Thank you very much for the detailed answers! Ready for the next question?
ATHony:
Yes please.
Q4 from Telegram User @JesusFre1tes
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?
ATHony:
Thats correct, By holding Baby Bakery you do earn both Bake & Cake.
3% of each transaction goes towards cake, 3% goes towards bake.
therefor 6% of every transaction is taken in BNB and converted into Cake & Bake every 60 minutes and paid to all holders automatically.
The amount they receive is based off there holding, for example if you held 1% of baby bakery, you would earn 1% of the cake & bake rewards.
Due to this being auto
generated staking,, meaning holders do not have to lock there tokens we do not
have a apy %.
Earnings in rewards are based off the trading volume, more transactions buys or
sells = more rewards.
Gold Rocket | Satoshi Club:
I think this is quite unique.😁
ATHony:
Thank you we are glad it’s a bit different.
Gold Rocket | Satoshi Club:
Thanks for your answer
Let’s proceed?😊
ATHony:
Sure 😁
Paul Mont | Satoshi Club:
Couldn’t resist using a Baby Bakery sticker as well 😁
Q5 from Telegram User @Cheriemike
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?
ATHony:
There is no correlation between our road map and our liquidity pool.
They are terms given to
each section of the road map to match our theme.
As for not being able to clearly tell about dates/quarterly ect that is a issue
we can see and glad you have brought it to our attention.
We will adjust and add the Monthly names and info next to each.
We are working to
complete our current recipe/road map.
As well as working on putting together a more in-depth marketing plan for the
community to view and follow along.
A lot of projects do not show much on the marketing side just a few billet
points in the road map.
We will be able to share this shortly with our lovely community in clear and
easy terms.
Gold Rocket | Satoshi Club:
Thank you very much for the clarification😊
I suggest jumping to the last question of this part.😁
ATHony:
Amazing 🙏
Q6 from Telegram User @ItsMelissa3
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?
ATHony:
Yes, the distribution is completely automatic, we have removed the need to manually claim and following along with the current trend in auto rewards just adding our cake and bake twist.
Just keep in mind to view the rewards in your wallet you must add cake and bake to your MetaMask or trust wallet like you would any new coin 🙂
There is no time lock on your rewards but we recommend holding your cake and bake for the future !
Gold Rocket | Satoshi Club:
Thanks a lot for the answers and clarifications 🙂
Part 2 — live questions from the Telegram community
Q1 from Telegram user @rinnguyen
As Baby bakery is planning to host giveaway streams, Large events, so what will be benefits to users who will watch these streams?
ATHony:
Thanks for the question, firstly this engagement is key for the benefit of baby bakery. therefore we can allocate a portion of marketing funds to sponsor these events, give away BnB + busd prices, and host viewer-only competitions.
This should lead to a reliable viewing audience due to high chance and interactive events with solid real prizes.
Q2 from Telegram user @Jonathantross
What are your plans for marketing side of the project ? Is there any marketing wallet also ?
ATHony:
there is a 2.5% marketing wallet, The team will use its cake and bake rewards earned off holding this wallet and sell them to cover costs of marketing.. this also stops any need for us to actually sell our BabyBakery tokens.
Directly after launch for example we have book ads starting and our first wave of paid promotions post launch will begin.
Q3 from Telegram user @ashwini_Crypto
82.1K Entries have been filled in BABY BAKERY Whitelist Contest,
That’s just great!!
Could You please tell us a bit about the Whitelist contest?
When can Non-Whitelist users can participate?
ATHony:
The white list contest is a way to get the community to help shill the project,, as well as giving the chance to get a slot in early pre-sale.
This is open until 1pm UTC
NON-WHITELIST people can participate after a 2minute headstart has completed for the whitelist entries.
Q4 from Telegram user @highpee
Congratulations in advance for your presale that will be held today on DxSale, by 3pm UTC. What time will whitelist close and is it late to join? Will there be a softcap and hard cap and individual buy buying limit?
ATHony:
Whitelist competition ends 1pm UTC, you can still join.
Soft cap will be set to 250 bnb with a hard cap of 500bnb
We have set the individual buy limit to 0.1bnb min and 3bnb max.
Q5 from Telegram user @Rinkus987
What various rewards Babybakery gave to its holders make it different from other projects?
ATHony:
Cake and Bake tokens, we are the first project to reward both of them!
Q6 from Telegram user @Ishan1_7
For you, what do you think is the best for the reward tokens? Is it CAKE or BAKE?
ATHony:
Personally CAKE however some of the team believe bake has more growth potential 🙂
Q7 from Telegram user @Ble73
Do you plan to create awareness in communities that are not English speaking?. Can you share links of platforms if any?
ATHony:
Yes, we actually care a lot about our non-English speaking members, we have already started a few non-English servers. However, we will be upgrading them with more moderators in those native languages to increase community and staff connection.
Q8 from Telegram user @hansoyeon
How does Baby Bakery generate INCOME/PROFIT for the continuity and survival of the project? I can’t see it on your website. Do you have an entry fee or financial backer?
ATHony:
If you read our Bakeonomics, we have 2% transaction tax set to the marketing wallet.
This will ensure we have the capital to keep up with the other titans in the space.
This wallet will obviously also earn cake and bake, allowing us to sell those tokens to keep marketing up with baby bakery.
Q9 from Telegram user @centoscu
I use trust wallet so where can I baby bakery token and how can I get hourly rewards?
ATHony:
You can buy on pancakeswap when launched, or purchase on dxsale during presale.
You will simply add bake and cake address and token info to your trust/meta wallet to view the rewards,
Q10 from Telegram user @Tehokjambe
Many laypeople find it very difficult to understand a project. Is it possible for a layman to understand everything in your project? How will you handle it?
Part 3 – Quiz Results
In the final part, we tested your knowledge in terms of Baby Bakery. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.
For more information and future AMAs, join our Social Media channels:
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Baby Bakery Telegram community: https://t.me/babybakeryio
Twitter: https://twitter.com/BabyBakeryio
Website: http://babybakery.io