Launched in June 2021, Baby Doge coin is a deflationary token created and designed to become scarce over time.
It has a static reflection that rewarding holders Baby Doge automatically adding more baby doge coins to their wallets with each transaction.
It is unclear who the creators of the BabyDoge coin are, but there he best guess would be the Doge meme community.
The Baby Doge coin is compatible with the Ethereum blockchain as it was designed using the Binance Smart Contract and since its inception, it has amassed a community of more than 250 thousand holders, 85,000 Twitter followers, 85,000 Telegram followers and 45,000 Instagram followers.
One of the unique attributes of the Baby Doge coin is that holders of the coin automatically get more coins in their wallets if they hold for a long period of time.
For every transaction that happens on the BabyDoge ecosystem, holders automatically get 5% deposited to them.
It is important to note that the community receives more coins from these transactions happening on the ecosystem.
Another feature that is unique to the Baby Doge coin is the presence of real-world utility in its pipeline.
This is usually uncommon for many meme cryptocurrencies. The real-world utility features a mobile application, Baby Doge Card, Coinpayments to connect Baby Doge with commerce platforms like Shopify, Magneto and WooCommerce, to mention a few.
It also allows for integration with charity donations with animal shelters like Furkids, Paws with Cause, ASPCA, Best Friends and Human Society.
About 30% of the total supply of Baby Doge coins have been lost due to coin burning, but as of writing, there’s a supply of 420 quadrillion Baby Doge currently in circulation.
Three main functions employed by BabyDoge to improve its scarcity includes LP acquisition (listed as a liquidity pair on PancakeSwap), Reflection (adding coins to holders’ wallet), and coin burning.
5% of the 10% transaction fee is redistributed to holders’ wallet and the other 5% is sold by the contract into the Binance market and automatically listed as a liquidity pair on PanCakeSwap
The Baby Doge was valued at $0.000000000175 when it launched and on July 4, 2021, it hit an all -time of $0.000000007695, recording a 44X increase in less than one month. The coin also donates to charity partners from the charity wallet it maintains.
It stays secure by providing a Proof of Staked Authority consensus through the Binance Smart Contract. It relies on 21 validators to enable community involvement and provide dcentralization.
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