[ANN] Babel Fish | Money Protocol

[nira09]

We're very excited to invite our community to test BabelFish Money DAO's new quadratic governance! It's a fork of the Sovryn Bitocracy. We hope to announce the first BIP shortly. But for now, head over & test what we've got up on Sovryn's domain _https://babelfish.sovryn.app
More: https://twitter.com/babelfishmoney/status/1456266871209009169

I just visited Babelfish governance platform, Currently we can stake FISH tokens, but I haven't found any information about the benefits of staked FISH tokens. Has the article about the benefits of joining the staking program not been released yet? other than voting power

[1715097598]

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[yurez]

DeFi Hitchhikers
A sum up of the 21st community call: Development is going forward as planned, with Dapp and Landing Page being top priorities
The landing page will be more formalized and will featured an integrated portal to do all the deposits and withdrawal, to stake and unstake, as well as to govern the protocol.
More info: https://twitter.com/babelfishmoney/status/1486716115774423050

[yurez]

Our Team Developed XUSD, a meta-stablecoin aggregating and distributing stablecoin 1:1. Think of it as a decentralized bank for stablecoins accepting deposits and withdrawals across chains. USD-stablecoin flow and accelerate hyperBitcoinization in a product that is simple to use.
https://twitter.com/babelfishmoney/status/1490334270497431553

[koang]

Our Team Developed XUSD, a meta-stablecoin aggregating and distributing stablecoin 1:1. Think of it as a decentralized bank for stablecoins accepting deposits and withdrawals across chains. USD-stablecoin flow and accelerate hyperBitcoinization in a product that is simple to use.
https://twitter.com/babelfishmoney/status/1490334270497431553

Good things are happening, Fish is starting to make a move

I like the sound of this, decentralized stable coins are a must for a decentralized future and industry as a whole
The space Fish for stable coins...

[Psynthax]

Good things are happening, Fish is starting to make a move

It doesn't give any impact to the price. FISH as governance token was totally garbage token. The team is more focusing to create stable coin aggregate rather than try to think how to make its FISH token became usable on the platform.

I like the sound of this, decentralized stable coins are a must for a decentralized future and industry as a whole

that's basically the same like centralized but the interaction will be done through smartcontract call and it's not get centralized in the centralized entity.

The space Fish for stable coins...

Just wanna see how the long term value of fish. I doubt this token will regain 10 cents again.

[royalfestus]

I like the sound of this, decentralized stable coins are a must for a decentralized future and industry as a whole

Most recent stable coins are struggling due to the bigger projects in the market with backings. Have seen babel to be losing the touch and the roadmap of implementation is weak. No strong platform for use case like the BUSD, USDC etc. Psyche also had similar idea and could not have a breakthrough with the use case because of financial strength and support from the space influencers. They still have opportunity to ride on the next hype, if they hold on to few fund in the long run and keep their community.

[yurez]

Community Call: February 7th, 2022

It’s time for BabelFish to jump out of the aquarium and travel across the DeFi galaxy. We often joke about deadlines whooshing by and the speed of time travel, but eventually the stars align, and that moment is ever-closer...
https://babelfish-money.medium.com/community-call-february-7th-2022-61c9f4ce6a83

[royalfestus]

Community Call: February 7th, 2022

It’s time for BabelFish to jump out of the aquarium and travel across the DeFi galaxy. We often joke about deadlines whooshing by and the speed of time travel, but eventually the stars align, and that moment is ever-closer...
https://babelfish-money.medium.com/community-call-february-7th-2022-61c9f4ce6a83

They promise a new bounty soon, where are they planning to make awareness this time and are they using this forum again? About the XUSD stable coin, are they planning to use it in the DEFI process? I also think they need to get on multiple chain to trade on more decentralized exchanges

[Bitstar_coin]

Community Call: February 7th, 2022

It’s time for BabelFish to jump out of the aquarium and travel across the DeFi galaxy. We often joke about deadlines whooshing by and the speed of time travel, but eventually the stars align, and that moment is ever-closer...
https://babelfish-money.medium.com/community-call-february-7th-2022-61c9f4ce6a83

They promise a new bounty soon, where are they planning to make awareness this time and are they using this forum again? About the XUSD stable coin, are they planning to use it in the DEFI process? I also think they need to get on multiple chain to trade on more decentralized exchanges

Was that promise made in their official telegram group because I haven't heard anything regarding a new bounty, besides, what babel fish really need is being on another network, I think the sovryn network is not very robust enough to bring the hype a project needs to succeed, believe it or not, every project need a bit of hype to get the word out and create awareness in the crypto community,
Sovryn is very limited in terms of exposure and awareness and any project launch under it will suffer the same faith imo.

[bittick]

Community Call: February 7th, 2022

It’s time for BabelFish to jump out of the aquarium and travel across the DeFi galaxy. We often joke about deadlines whooshing by and the speed of time travel, but eventually the stars align, and that moment is ever-closer...
https://babelfish-money.medium.com/community-call-february-7th-2022-61c9f4ce6a83

They promise a new bounty soon, where are they planning to make awareness this time and are they using this forum again?

No man, please read the result from the community call through this link https://babelfish-money.medium.com/community-call-february-7th-2022-61c9f4ce6a83
It's clearly stated that if the bounty will be related with the influecer or something like refferal system that makes its user try to learn about babel fish and get the reward from learning it. This is pretty much the same like coinmarketcap airdrop

About the XUSD stable coin, are they planning to use it in the DEFI process? I also think they need to get on multiple chain to trade on more decentralized exchanges

XUSD originally created by babel but it was implemented by sovryn on its platform as an experimental thing. It may not possible to see the token will be on more decentralized exchange site.

[koang]

BIP-0001   (Reward active users with FISH to vote in BIP) has successfully passed with 99.99% of votes submitted.

BabelFish will consequently reward active protocol stakeholders with 5,950,000 FISH, with a cliff of one year and six-month linear vesting,
in order to empower them with voting power for future protocol improvement proposals.
https://twitter.com/babelfishmoney/status/1501976347618512901


Sounds like a good deal to me  
And I believe that it will be beneficial for the future growth of the project and token holders
Love this project and can't wait to see the real value of FISH

[yurez]

We are preparing to initiate the Liquidity Mining rewards for LPs on Sovryn and other protocols — the parameters for these rewards will be discussed in the DAO with the goal of ensuring the long-term sustainability of FISH.
FISH rewards will have a cliff and vesting of at least a year, but will enable stakeholders to vote on parameters and continue earning rewards, reducing circulating supply and creating a flywheel effect.
And what will be the benefits for FISH farming? That is where lending collateral in the parent chains’ comes from, and why we believe BabelFish is well positioned for this bear market.
https://twitter.com/babelfishmoney/status/1505261133774655496

[yurez]

BabelFish community members have been experimenting with games at the intersection of NFTs and DeFi but need your feedback to build something cool!

By completing the survey (until April 4th) you will also participate in a $100 XUSD raffle!
GO: https://twitter.com/babelfishmoney/status/1507424577906827266

[terciduk123]

It might be a good development if BabelFish goes to the game industry and NFT, But does BabelFish already have a development team for the game?
Currently there are many games, and most of them don't have many users. and the game begins to be abandoned.
If BabelFish is going to the gaming industry, Then I highly recommend partnering with a popular game project to gain users and build interesting games.

[koang]

We out here Bitcoin2022

If you are at Bitcoin2022 come to booth 940 and say hello to the RSK smart ecosystem!

BabelFish enables Stablecoins to properly compete in a space currently dominated by a duopoly of centralized issuers.
We are just turning on the engines, joining the DAO, and traveling far and wide across the DeFi galaxy

[yurez]

We out here Bitcoin2022

If you are at Bitcoin2022 come to booth 940 and say hello to the RSK smart ecosystem!

BabelFish enables Stablecoins to properly compete in a space currently dominated by a duopoly of centralized issuers.
We are just turning on the engines, joining the DAO, and traveling far and wide across the DeFi galaxy

It looks great and I hope that the team will continue to actively work on their project. The only thing I am not happy about is the price of the token - 93% down from ATH. We will see where it will bring us.