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What Is BabyDoge (BabyDoge)?
Who Are the Founders of BabyDoge?
What Makes BabyDoge Unique?
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How Many BabyDoge Coins Are There in Circulation?
How Is the Baby Doge Coin Network Secured?
Where Can You Buy Baby Doge Coin (BabyDoge)?
Answers
What Is BabyDoge (BabyDoge)?
Baby Doge is a cryptocurrency that has been created as a result of the Doge Meme online community. It aims to showcase improved transaction speeds and cuteness to impress its meme father, Doge. Baby Doge is a hyper-deflationary token with static reflection that rewards holders. With each transaction, more Baby Doge coins are automatically added to the wallet of the holder. Additionally, 5% of each transaction is redistributed to Baby Doge holders. Baby Doge was initially created as a joke but also has a mission to raise awareness about animal adoption. It was launched in June 2021 and has plans for pet charity, NFT creation, GameFi, and more. Baby Doge also has its own platform called BabyDogeSwap.com, which includes an AMM, core farms, farming as a service, free token locker, burn portal, and more.
Who Are the Founders of BabyDoge?
The creators and main team behind BabyDoge remain unknown, which is common for meme cryptocurrencies. BabyDoge was built on the Binance Smart Chain and is Ethereum-compatible. Since its launch in June 2021, BabyDoge has gained a community of over 1,300,000 token holders, 200,000+ Telegram members, 880,000+ Twitter followers, and 245,000+ Instagram followers.
What Makes BabyDoge Unique?
Baby Doge Protocol is not just cute but also has a lot of potential. It is a deflationary token designed to become scarcer over time. Holding Baby Doge coins in your wallet automatically earns you more Baby Doge through reflections. Every transaction within the Baby Doge ecosystem incurs a 5% fee, of which 5% is redistributed to Baby Doge holders. BabyDoge stands out from other meme cryptocurrencies by offering real-world utility. It has plans for a BabyDoge card and mobile application, integration with e-commerce platforms like WooCommerce, Shopify, and Magento through Coinpayments, and charity partnerships with animal rescue and shelter organizations such as Paws with Cause, Furkids, Best Friends, ASPCA, and Humane Society.
How Many BabyDoge Coins Are There in Circulation?
The total supply of Baby Doge Coins is 420 quadrillion, with approximately 295 quadrillion currently in circulation. About 30% (125 quadrillion) of the supply has already been removed through coin burning. Baby Doge employs three mechanisms to enhance scarcity: reflection, LP acquisition, and coin burning. Of the 10% transaction fee, 5% is redistributed to Baby Doge Coin holders, and the other 5% is converted to BNB and added as a liquidity pair on Pancake Swap. The initial price of Baby Doge was $0.000000000175, and it reached an all-time high of $0.000000007695 on July 4, 2021, representing an almost 44X price increase in less than a month. Baby Doge Coin also maintains a charity wallet that receives redistributions for donations to charity partners.
How Is the Baby Doge Coin Network Secured?
Baby Doge utilizes the Binance Smart Chain and relies on a Proof of Staked Authority consensus mechanism. This mechanism involves 21 validators to ensure decentralization and community participation. Baby Doge is a token built on the Binance Smart Chain.
Where Can You Buy Baby Doge Coin (BabyDoge)?
If you want to buy Baby Doge, you can trade it on several exchanges including Gate.io, Poloniex, OKEx, BitForex, Bitrue, DigiFinex, BabySwap, XT.COM, LBank, PancakeSwap (V2), CoinW, and DODO BSC. If you are new to the crypto space and want to learn more about buying crypto with fiat, you can check out BYDFi's education portal called Alexandria.
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Popular Q&A
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