Famous meme coin project that actively reaches out to dog shelters and organizations that benefit dogs Baby Doge Coin (BABYDOGE) The team behind it announced that its BabyDogeMobile adoption unit successfully made its New York debut over the weekend.
BabyDogeMobile debuts at NYC Wollman Rink ADOPT-IN-THE-PARK It was showcased at the (Adopt in the Park) event, further demonstrating the team’s dedication to rescuing homeless dogs, as they do in their mission.
According to a video announcement by the team, the car carrying the BabyDoge logo BabyDogeMobileshowing the different types of dogs that have ever been rescued, making them available for adoption.
As explained by the team, the initiative focuses on helping homeless dogs find a “healthy and happy home,” as part of their effort to make a significant impact in the lives of these animals.
“Crypto may have fallen, but the impact it can have continues today. BabyDoge recently announced that we are very proud to see BabyDogeArmy and AnimalLeague making a huge difference.”
Crypto maybe down but the impact we can make today remains.
Proud to see a difference being made possible by #BabyDogeArmy & @AnimalLeague pic.twitter.com/zYY3kBHG6n
— Baby Doge (@BabyDogeCoin) May 9, 2022
The Baby Doge community is very committed to the project
It should not be forgotten that the Baby Doge community has been preparing for this project for a long time and has been promoting it on many social media channels for more than a month.
To achieve the BabyDogeMobile goal, the team teamed up with Animal League for the initiative, raising $400,000 from the sale of the latest NFT collection for the cause.
BabyDoge’s collection of non-fungible tokens was released in a public print process for whitelisted users on April 20, 2022. As with other NFTs, the Baby Doge collection was developed as an ERC-721 token on the Ethereum blockchain.
After the Baby Doge team completed their first NFT sale, they announced they had raised $400,000 from that sale to save stray dogs:
“We are honored to announce that with the sale of our NFT Collection, we have raised $400,000, which we will donate to our charitable partners! An incredible impact has been made by the community to help save the dogs.”
Honored to announce our NFT Collection has generated $400,000 that we are donating to our charity partners!
Amazing impact made by the community to help save dogs!#BabyDoge @ASPCA @HumaneSociety @BestFriends @AnimalLeague pic.twitter.com/HiDqXrJoaj
— Baby Doge (@BabyDogeNFTs) May 3, 2022
What is Baby Doge?
Launched following rivals like Shiba Inu and Dogecoin, Baby Doge Coin (BABYDOGE) is a crypto asset created by the online Dogecoin (DOGE) community and considered the “son” of DOGE. According to its website, Baby Doge; It is a cryptocurrency “trying to impress its father, Dogecoin, by demonstrating its new, improved transaction speeds and cuteness.” In the Baby Doge Coin whitepaper, the team describes the meme coin as follows:
“Launched in June 2021, Baby Doge Coin is a cryptocurrency with one of the fastest growing communities among crypto memes. Baby Doge has a mission to help save dogs in need, while also helping ordinary people get acquainted with cryptocurrencies. Baby Doge is built on Binance Smart Chain with incredibly fast 5 second block times and cheaper gas fees than Ethereum.”
With a hyper-deflationary system that is increasingly scarce and liquidity, BabyDoge’s project team hopes to capitalize on Dogecoin’s momentum, but uses faster transactions and advanced intelligence to do so.
“Baby Doge wants to impress his dad by showing off his new increased processing speed and cuteness. It is a hyper-deflationary crypto asset with static reflection that rewards its investors, so extra BabyDoge coins are added to your wallet with every transaction.”
The Baby Doge Coin project oversees the welfare of dogs and actively reaches out to dog shelters and organizations that benefit dogs. It is known that the purpose of the platform is to help rescue as many dogs as possible.
Earlier this month, I had a record burn.
As reported by KoinFinans, on May 1, the Baby Doge Coin team caught the attention of the community by announcing that they will celebrate the popular meme cryptocurrency project’s 11-month birthday by burning four quadrillion BABYDOGEs:
“Today is BabyDoge’s 11 month birthday! We will burn 4 quadrillion Baby Doges at 19:00!”
Meme coin’s team has fulfilled their promise to the community and earlier today they have completed this token burn and together with this massive burn, more than 45 percent of the total supply of Baby Doge Coin (which is 420,000,000,000,000) is now reported that it was removed from circulation.
“4 QUATRILLION BabyDoges have just been burned! More than 45% of the total supply burned!”
4 QUADRILLIONS #BabyDoge has just been burned !
Proof: https://t.co/OEgby6v3b1 pic.twitter.com/tlm2vaSQqy
— Baby Doge (@BabyDogeCoin) May 1, 2022
Coin burnIt is a method used to keep the market value of crypto assets high and try to stabilize inflation. In theory, when most of a coin’s supply is removed, there is an increase in demand for that coin and the price skyrockets as a result.
You can check the price movements 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.