Baby Doge continues to stir up the meme coin world. The popular meme coin has been on the agenda again, this time with a news announced on its official Twitter account. The Baby Doge team announced their plan to burn 100 quadrillion tokens, taking a big step forward that will attract the attention of the community and investors.
The team shared a post on their official Twitter account. tweet announced a groundbreaking proposal to burn 100 quadrillion meme coins.
June 1st we will be burning 100 quadrillion #BabyDoge 🔥 pic.twitter.com/p17XqH72M5
— Baby Doge (@BabyDogeCoin) May 23, 2023
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This groundbreaking proposal was put to a vote by Baby Doge’s decentralized autonomous organization (DAO), which manages the project, and received strong support from the community. Baby Doge Coin will burn 100 quadrillion tokens to increase security and strengthen the integrity of the project. The scheduled date for the incineration is June 1st.
The team plans to leave some (85 quadrillion) BABYDOGE tokens on the Ethereum network to allow investors to continue to bridge their holdings between the Ethereum network and the Binance Smart Chain.
On the other hand, with the burning proposal presented by the BABYDOGE team, it is aimed to increase the security of the project and reduce the risks of malicious people who benefit from tokens. It is also aimed to reduce their fees to 0% for BABYDOGE transactions on Ethereum.
By taking this groundbreaking step, the Baby Doge team aims to make a difference in the cryptocurrency world once again. If the bid is accepted, this will be the largest burning event in history.
You can check the price movements here.