Baby Doge CoinThe “testnet” of a new exchange protocol for the coin was released earlier today, according to an announcement on its Twitter account.
In addition to the news shared on the Twitter account, according to CoinMarketCap data meme coinThe price of . is currently staying in the “green zone”, trying to record an uptrend. Baby Doge announced the launch of the said protocol last week.
The new exchange system, whose testnet has been published, will work as follows; part of the exchange fees paid by users, to maintain the deflationary structure. Baby Doge It will be used to burn your token and the supply will be reduced.
The swap protocol also removed fees for joint projects. However, normal fees will continue to be charged for popular coins. On the other hand, users who want to make purchases using their cards will be able to make an easy purchase using Simplex.
To start using the testnet, users need to connect to Metamask or other popular wallets. Once your wallet is linked, you can exchange almost any token for a BSC token. It was shared that support for leading cryptocurrencies such as Bitcoin and Ethereum will be added as soon as possible.
Blockchain security firm CertiK has also been appointed as the firm responsible for overseeing the clearing protocol. Baby Doge became the most watched token on the platform last week, according to a tweet shared on August 10.
Apart from barter, the protocol also offers features such as barter, farming, staking and voting. According to a recent Q&A, the Baby Doge team is also planning to release a game that will allow players to bet on the token, a percentage of which will eventually be burned. It is shared that physical BabyDoge cards are on the way, which will make it possible to spend the token with traders around the world.
The team behind Baby Doge is planning an “aggressive” marketing plan for the swap protocol. defecation We’ll see if it can compete with PancakeSwap, BSC’s leading decentralized exchange, which currently has a total value of $3.27 billion in lockdown.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.