Baby Doge Coin BABYDOGE Price $ 0.00...016

Baby Doge Coin was launched in 2021 with the joint goal of accelerating the adoption of crypto and helping to save dogs in need. The project was created by members of the Dogecoin community and hopes to provide an alternative to the older memecoin. In fact, Baby Doge Coin claims to offer 10 times faster block speeds and smaller gas fees than Dogecoin. Since the project is a memecoin, it has a particularly prominent presence on social media, notably on Twitter.

BABYDOGE is the project’s native cryptocurrency. It has an initial supply of 420000000000000000. Baby Doge Coin uses a hyper-deflationary model that is designed to become more scarce over time.

What are Baby Doge Coin’s key features and how does it work?

Some of Baby Doge’s key features include the Baby Doge Swap, Babe Doge Card, and the BABYDOGE token itself. The platform also offers support for NFT functionality. In more detail, the Baby Doge Swap is an AMM (automated market maker). It is built on the BNB Chain and allows users to swap, earn, and save cryptocurrency, whilst helping to save dogs. Users can instantly swap tokens without the need for an account or registration.

The swap can also be used for yield farming and staking. Participants can stake BABYDOGE and earn rewards in the same token or another. LP tokens can also be staked. LP tokens are issued for providing liquidity. Users can deposit LP tokens into a farm and earn rewards, as well as swap fees.

Baby Dog Card can link to the Baby Doge applications. It functions as a credit card for payments via cryptocurrency.

What is noteworthy about Baby Doge Coin?

Some of Baby Doge Coin’s notable features include:

• Hyper-deflationary mode, BABYDOGE tokes are burned with each transaction on-chain;

• Smart staking rewards for its users, simply holding BABYDOGE in your waller entitles holders to more. For example, 5% of every transaction on the Baby Doge network is distributed between token holders.

Also worth being mentioned is that since BABYDOGE runs on the BNB Chain, it has several in-built advantages. This includes cross-chain interoperability, meaning that many different decentralized projects can leverage BABYDOGE without having to make changes. Furthermore, Baby Doge Coin benefits from the on-chain governance and BNB Chain’s Proof-of-Staked Authority consensus mechanism. This takes the shape of 21 validators.

As part of its goal, Baby Doge donates a portion of its revenue to charities that help dogs. This includes Paws With Cause, ASPCA, Best Friends, as well as other canine related organizations.