Why Did BABYAROF Exit the ICP Ecosystem? The Truth Behind Its Bankruptcy
Introduction
The BABYAROF project was an innovative endeavor within the Internet Computer (ICP) ecosystem, launched with the slogan “Freedom for the Entire Community.” Built on the DIP20 standard, its goal was to create a decentralized economy. However, as of April 12, 2025, the canister charge was depleted, transactions halted, and the project exited the trading cycle. This article uncovers the truth behind BABYAROF’s bankruptcy, explains the reasons, and looks toward the future.
Reasons for BABYAROF’s Bankruptcy
BABYAROF’s downfall stemmed from a combination of technical and economic challenges that the development team couldn’t overcome:
- Rising Costs of the DIP20 Standard: The DIP20 standard, on which BABYAROF was built, saw a significant increase in canister maintenance costs in recent months. These costs, driven by the complexities of the ICP blockchain and the need for constant canister recharging, placed immense financial pressure on the project.
- Severe Decline in Transactions: BABYAROF experienced a sharp drop in transaction volume. This decline, likely due to community distrust or competition from other projects, reduced the project’s ongoing revenue to a minimum.
- Canister Charge Challenges: The lack of sufficient income made it impossible for the BABYAROF team to cover canister charges. This issue began in late 2024 and culminated in a complete halt of transactions on April 12, 2025.
- Inability to Manage Decentralized Liquidity: BABYAROF was fully decentralized, but this feature prevented the team from moving liquidity in decentralized exchanges (DEXs). As a result, the project’s financial resources remained locked.
Clarification: No Scam Involved
It’s crucial to emphasize that BABYAROF was never a scam and never will be. All funds in the DEXs were locked and burned along with BABYAROF. This decision reflects the team’s commitment to decentralization principles, even at the cost of losing the project. Over the past three years, the team worked tirelessly on BABYAROF, and this bitter end has been painful for all of us.
Current Status of the Project
Currently, BABYAROF token data is publicly visible on NFTgeek. You can review the details here:
https://t5t44-naaaa-aaaah-qcutq-cai.raw.ic0.app/token/iy6hh-xaaaa-aaaan-qauza-cai/canisters
The team was only able to withdraw a modest 70 ICP from the BABYAROF/COE liquidity pool. This small amount will be used for future development and a potential return to the market. BABYAROF, with its slogan of freedom for the entire community, has now joined history, but its data will remain visible forever.
Future Plans and Encouragement
We are committed to learning from this experience and returning to the ICP ecosystem with new initiatives. In the near future, we plan to distribute rewards to BABYAROF holders as a token of gratitude for their support. Additionally, projects like COE are in development, bringing fresh innovations that will add vibrancy to the ecosystem.
Conclusion and Gratitude
We sincerely thank the ICP community for your patience and understanding. We know this journey has been challenging for you, but we promise to return with renewed effort and innovative plans. Your support motivates us—let’s build a brighter future for the ICP ecosystem together!