$babo / NFT swap overview

BABO introduces a groundbreaking NFT x TOKEN Liquid Hybrid model through an innovative two-way mechanism that solves the liquidity problem in the NFT space.

This mechanism allows users to swap their BABO NFTs in exchange for $babo tokens and vice versa, blending 100% unique NFTs with the liquidity of a token.

This not only creates a hyper-deflationary NFT collection, but also supports deflation in the $babo token as users interact with the system, locking up to 48.2% of $babo in the babovault if the entire collection is in circulation and burning forever 2% of each swap cost.

Here are the key concepts users need to understand:

1. Claiming an NFT from the babovault

If there are available any of the 888 BABO NFT's in the Babovault, you can swap an NFT from there. You must pay 54,321 $babo tokens to the vault. Once you pay this amount (plus the 5% fee on the top), you'll receive a random BABO NFT.

Every swap incurs a 5% fee, divided as follows:

• 2% is automatically burned permanently.

• 3% goes to the team wallet, who will either burn it or use it as deemed appropriate.

2. Claiming Your $babo by swaping your NFT in the Babovault

By swaping your NFT in the Babovault, you can claim back 54,321 $babo tokens at any time.

Every swap incurs a 5% fee, divided as follows:

• 2% is automatically burned permanently.

• 3% goes to the team wallet, who will either burn it or use it as deemed appropriate.