Baby Doge Coin (BABYDOGE) was created by the famous meme coin Dogecoin community in 2021. Therefore, it is not surprising that it has often created excitement or has that potential since its first day. BABYDOGE, which has increased by 1000% in just two weeks after its launch on June 1, 2021, captured a market value of $ 200 million in the third week, and hosted 160,000 investors in the fourth week. In this article, what is Baby Doge Coin? We will answer you questions such as how to buy Baby Doge Coin.
What is BABYDOGE?
Founded by the Dogecoin community, BABYDOGE or Baby Doge Coin performed much better, reflecting its great interest in a good price performance. Although the trend has slightly decreased in the intervening time, many investors BABYDOGE to buy continues to ask the question. If you wish, let’s take a closer look at the features of the coin first.
Koinfinans.com As we have reported on the website, “Baby Doge; He’s trying to impress his dad by showing off his new, improved processing speeds and cuteness.” The main purpose of the project is to help dogs who have difficulties in different parts of the world. Tokens are donated to nonprofits from time to time, as we promote below.
with a deflationary nature Baby Dogecoinis designed to decrease in supply over time. While some crypto teams simply continue to burn to limit the number of coins in circulation, Baby Doge also adds coins to their holders’ wallets each time they make a transaction, and some coins are added to the decentralized exchange Pancake Swap as part of the liquidity pair. While 5% of the transactions carried out within the ecosystem are added to the liquidity pool, 5% is distributed among the owners.
According to CoinMarketCap, redistributions also go to charity partners. However, Baby Doge has a total supply of 420 quadrillion tokens, of which 125 quadrillion have been destroyed and 295 are currently in circulation.
What is the Purpose of Baby Doge?
Baby Doge doesn’t currently have real-world use at all. But it has a project to integrate Baby Doge with Shopify, WooCommerce, and other e-commerce platforms, as well as nonprofits like the ASPCA and Human Society.
Although its low usage area makes BABYDOGE a bit more disadvantageous, its loyal community makes it stand out. The fact that it has an instant value of $0.00000001333 also helps many investors to buy the asset speculatively. In short, you can get 3749737416.33 BABYDOGE by spending $5 right now.
Can I Buy BABYDOGE?
According to the Baby Dogecoin whitepaper, plans for crypto include listing on several famous cryptocurrency exchanges, creating a wallet to track rewards, and creating a marketplace for NFTs or immutable tokens. More recently, CoinMarketCap noted that Baby Doge could be useful as an e-commerce currency. For this reason, you can decide to invest by making your own profit and loss calculations.
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.