1. What is BaoBao?
The BaoBao Protocol offers a multifunctional service that includes crypto wallet creation, red packet distribution, red packet claiming, and fund management. Currently integrated with Telegram Bot, BaoBao Protocol aims to extend its services to more social media platforms, such as Discord and Twitter, broadening the utility of digital currency red packet tools. Red packets sent via BaoBao on Telegram can be claimed by any Telegram user without incurring any gas fees. After claiming, users can directly trade the cryptocurrency within the red packet on Telegram itself, eliminating the need for third-party software and enabling a closed-loop ecosystem within Telegram.
2. What are $BBT and BBT NFTs?
$BBT is the project token of BaoBao, and the first token under the BEP-404 protocol. $BBT is dedicated to advancing the development of BEP-404, creating a new BEP NFT ecosystem, and injecting fresh narratives and vitality into the BEP NFT ecosystem. The total supply of $BBT tokens is 1,000,000, with a total issuance of 10,000 BBT NFTs. Holding 100 $BBT tokens entitles the holder to 1 BBT NFT.
3. How to Obtain BBT NFTs? How to View NFTs?
By holding 100 $BBT, one can acquire a BBT NFT, which is directly visible in your digital currency wallet. Currently, holding a BBT NFT grants access to the BaoBao builder TG group and an exclusive Discord channel, allowing everyone to contribute to building the BBT community.
4. Which NFT is Rarer?
BBT NFTs are categorized into six levels of rarity, from lowest to highest: Magical, Legendary, Immortal, Mythical, Divine, and Worldly. Each level features five different images, with the rarity determined by the frame of the NFT. The specific correlation between the frames and their rarity can be seen in the illustration below. Holders of BBT NFTs will enjoy a range of privileges within the BaoBao ecosystem and share in the developmental achievements of the BaoBao Protocol ecosystem.
5. What are the official buyback prices for different tiers of BBT NFTs?
BaoBao will officially buy back BBT NFTs of the Legendary, Immortal, Mythical, Divine, and Worldly (levels two to six) tiers, with the following specific official buyback prices:
Legendary: 109 $BBT
Immortal: 150 $BBT
Mythical: 360 $BBT
Divine: 1,300 $BBT
Worldly: 10,000 $BBT
6. What are the Different Privileges of BBT NFTs Across Various Levels?
BBT NFTs are categorized into six levels as follows:
Magical, Legendary, Immortal, Mythical, Divine, and Worldly, with each level associated with specific benefits:
7. Why Do Some Newly Minted BBT NFTs Appear as "Unknown"?
If you mint a new NFT by swapping 100 BBT on a DEX, it might display as “Unknown”. This occurs because NFT marketplaces prioritize reading information from the first block, while the specific type is updated in the following block, causing a delay in the NFT marketplace's refresh. Simply wait for the NFT marketplace to complete its refresh to see the correct NFT details.
8. What is BEP-404?
BEP-404 is an innovative standard enabling developers to create fractional NFT collections that can be freely traded and utilized in the open market. Unlike traditional NFTs that exist as one-to-one assets, BEP-404 allows multiple wallets to directly own a single NFT, enabling potential tokenization of specific exposures for lending or collateral in the future.
9. How Can You Obtain a Higher-Level BBT NFT if You Already Own a Common One?
There are two ways to get the chancet to achieve a higher-level BBT NFT:
Acquire a new NFT by purchasing at least 100 $BBT.
Refresh your existing BBT NFT by selling and rebuying at least 100 $BBT.
Note: If you hold multiple BBT NFTs of different levels, refreshing will randomly select any of your NFTs without prioritizing lower levels. If you acquire a rare NFT, ensure to transfer it to a non-trading wallet to avoid accidental refreshes.
10. How to Trade $BBT?
$BBT can currently be purchased on the decentralized exchange uDEX by switching to the BNB Chain. It's also available on Pancake, Uniswap, Binance web3, and OKX web3, accessible with the $BBT token address.
BBT contract address: 0x734B46e6D1D8ce9094F825420D55453d23C2e1eA
11. How to Import the Private Key of a Web3 Wallet into Another Wallet?
Web3 Wallet, a Telegram-based AA (Account Abstraction) wallet, doesn't possess a private key as it operates on smart contract-based accounts. To transfer funds, simply move the balance from your Web3 Wallet to another wallet of your choice.
12. How to Send Red Packets Using BaoBao?
There are two methods:
A. Create a new red packet using one you've received.
Open the red packet you received. Click "Send Red Packet".
Enter the number of red packets and the amount, then click "Send".
Choose the funding method for the red packet.
Click "Send to Chat" to share in a group chat or direct message.
B. Directly send a new red packet via the BaoBao App (also known as BaoBao Bot).
To create a new red packet in the BaoBao App, add the BaoBao Bot. Click the "Start" button at the bottom.
Click the "Create" button to open the red packet creation page.
Fill in the number of red packets and the amount, then click "Send".
Opt to pay with your Web3 Wallet. If your red packet balance is zero or insufficient, click on "Deposit" in the Web3 Wallet section.
Click "Send to Chat" to share in a group chat or direct message.
13. What If I Forget My Web3Wallet Password?
The password must contain at least eight characters, including letters and numbers. If forgotten, it cannot be retrieved, so remember your password carefully.
14. How to Withdraw from BaoBao Balance
To withdraw from your BaoBao balance, the assets are automatically transferred to your Web3Wallet. Follow these steps for withdrawal:
Access the BaoBao balance page and select "Transfer to Web3Wallet".
Choose the token to withdraw; the amount is fixed to withdraw.
Confirm the transaction, which is irreversible.
Pay the blockchain network fee and await completion. Your assets will appear in your Web3Wallet. If your balance is insufficient for the network fee, click "Receive" in your Web3Wallet to transfer enough funds to cover the cost.
