Baby Samo solves illiquid NFT’s by programming demand into the $BABY Tokenomics. Baby Samo NFT holders can exchange and burn their NFT for $BABY coin at any time, which incorporates intrinsic value into the NFT’s.
November 27, 2021 —
A large portion of the total $BABY supply is reserved for Baby Samo Genesis NFT holders to exchange and burn their NFT’s for a set amount of $BABY at any time.
Baby Samo is a meme-forward coin with a serious mission. Baby Samo works to solve illiquid NFT’s by programming demand into the $BABY Tokenomics. A large portion of the total $BABY supply is reserved for Baby Samo Genesis NFT holders to exchange and burn their NFT’s for a set amount of $BABY at any time. Proprietary code created by the Baby Samo Team automates this utility, helping to bridge the gap between decentralized finance and NFT technology.
The Baby Samo Genesis NFT collection was launched in conjunction with the launch of Baby Samo Coin ($BABY). Half of the mint proceeds from the Baby Samo Genesis NFT collection were used to buy-back and burn $BABY on the open market at a value of over $206,000 USD!
The Genesis NFT’s serve as a $BABY coin store of value because the NFT’s can be exchanged and burned for 911,161 $BABY coins at any time. The mint price of the Genesis NFT’s is fluid, to guarantee the cost to mint is lower than its intrinsic value at launch. This means holders could exchange and burn their Genesis NFT for more than the cost incurred to mint, converting Minter risk into reward. The intrinsic value of the Baby Samo Genesis NFT’s will increase as the price of $BABY increases overtime. As more NFT’s are burned, scarcity will rise, increasing the extrinsic value of the Genesis NFT’s.
40% (4bn) of the total $BABY coin supply is reserved for the Baby Samo Genesis NFT’s. Holders of Baby Samo NFT’s will have the option to exchange and burn their NFT for a set amount of $BABY coin at any time. The NFT’s are burned if the owner decides to exchange them for $BABY. This utility is automated utilizing custom designed code. Programming intrinsic value into NFT’s will be disruptive to the way NFT’s are utilized and valued by the broader market.
20% (2bn) of the total $BABY coin supply is reserved to back the Baby Samo Genesis NFT’s. This means the Genesis NFT’s have a permanent intrinsic value of 911,161 $BABY per NFT. The Genesis NFT holders have the option to decide whether that supply of $BABY enters the market or if they will hold the Genesis NFT for $BABY staking rewards.
The remaining 2bn supply of $BABY is reserved for staking rewards exclusive to Genesis NFT holders. There is a scarce supply of 2,195 Genesis NFT’s, which means extensive staking rewards to holders. As Genesis NFT’s are burned, the staking rewards grow immensely for remaining holders. The Genesis NFT’s are programmed to become more valuable overtime by receiving a higher percentage of staking rewards when other Genesis NFT’s are burned.
The symbiotic relationship between $BABY coin and Baby Samo NFT’s creates a positive feedback loop that will power a self-supporting economy. Illiquid NFT’s Solved.
Visit the Baby Samo linktree here for access to all of the official Baby Samo links including website, litepaper, discord server, telegram, /r/babysamo subreddit, coin gecko and coinmarketcap profiles, where to buy and farm $BABY and marketplaces to buy Baby Samo Genesis NFT’s.
Contact Info:
Name: Baby Samo Coin
Email: Send Email
Organization: Baby Samo Coin
Website: https://www.babysamocoin.com/
Release ID: 89054700
