BABYDOGE/USD (-4.76%)
Baby Doge was created in June 2021, and within a few weeks, the price had shot up by more than 1000%. The altcoin probably gained popularity quickly because of its association with Dogecoin, which had also been performing extremely well. As a dog coin, this cryptocurrency has an adorable dog icon. It also appeals to people because of its deflationary system, which ensures that it becomes scarcer over time.
A Bit About Baby Doge
Baby Doge was created by the Dogecoin community, and its website makes references to Dogecoin. The community describes Dogecoin as the father of Baby Doge. The cryptocurrency is used to fund charities that deal with dogs. These include Paws with Cause, Bestfriends, and North Shore Animalleague America.
A meme token donating to charities that the community select.CryptoLists.com
As noted on the official Baby Doge website, the coin stands out from Dogecoin by offering high transaction speeds. As a holder of this cryptocurrency, you will earn rewards whenever people make transactions. It is also worth noting that Baby Dog coins are burned with every transaction, and that makes it scarcer over time.
Utility of Baby Doge?
Baby Doge coin is designed to appeal to pet lovers. The token helps to fund charities, particularly those dealing with dogs. Various charities have also added the coin as a payment method for donations. The coin has increased in value significantly since it was launched, and this is because of its utility and the deflationary system. Since the coins are burned with every transaction, individuals can purchase the coin as an investment or store of value. Also, you should remember that holders of the cryptocurrency are rewarded with more coins whenever people make transactions with the altcoin.
Baby Doge Price details
ERC20 Contract address: 0xAC57De9C1A09FeC648E93EB98875B212DB0d460B
›› Details & Tokenomics
›› BABYDOGE tokenomics and social media
Advantages of Baby Doge
+ Baby Doge helps to fund charities. + It has a positive reputation in the meme token community.
+ Baby Doge was endorsed by Elon Musk.
+ It is hyper deflationary, which could assist the price going up.
+ It's available both as an ERC-20 and BSC-token.
Disadvantages
- BABYDOGE is not available on many major crypto exchanges. - As a meme coin, it may not work as a long-term investment.
- Since BabyDoge is a rather new altcoin, it lacks track record.
- Compared to many other cryptocurrencies, it has a high supply.
- Rather high market valuation for a meme coin.
Costs
▪ Rated at 8/10*Buy tax: 6% *Sell tax: 8% * at the time of writing. Note that this may change from time to time.
Whenever you make transactions using Baby Dog tokens, you will have to pay a fee that is equal to 10% of the transacted amount. Half of these transaction fees are added to the liquidity pool. The other half is redistributed to holders of the cryptocurrency.
Reputation and Buzz
▪ Reputation rated at 8/10▪ Buzz rated at 7/10
Shortly after the release of the meme coin, Elon Musk made a tweet recognizing the value of the altcoin. This helped to boost the popularity of the cryptocurrency. As noted earlier, the coin was created by the Dogecoin community, but it is not affiliated with Dogecoin. Overall, members of the cryptocurrency community have a positive view of the altcoin.
FAQ
What is the supply of BABYDOGE?
When BabyDoge was created, it had a supply of 420 quadrillion coins. However, since the coin is hyper deflationary, its supply is set to go down over time.
How can I mine BABYDOGE?
You cannot mine this cryptocurrency as all the available BABYDOGE coins were created with the release of the altcoin. In order to acquire the currency, you will have to use platforms such as PancakeSwap and Uniswap.
Are BABYDOGE and Dogecoin the same?
No, these are similar but unaffiliated cryptocurrencies.
Does Elon Musk own Baby Doge?
Elon Musk revealed that he only owns Bitcoin, Dogecoin, and Ether. However, it is likely that he will purchase BABYDOGE soon as he has been promoting it on Twitter.
Screenshots from Baby Doge
More sites where to buy/sell/trade Baby Doge
Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this coin/token. Click on the logo to read our review.
Baby Doge details and tokenomics
BSC Contract address: 0xc748673057861a797275CD8A068AbB95A902e8de
Baby Doge is taking off after Probit launch
