In contemporary times, the realm of cryptocurrencies has seized a great deal of attention. This is due to the incessant emergence of novel digital coins that continue to reinforce its relevance and significance. One of the latest trends is the rise of "meme coins" or "joke coins," which often gain popularity through social media and internet forums. One such coin is Baby DogeCoin. Let's take a closer look at the positive and negative aspects of this emerging cryptocurrency.
What is Baby DogeCoin?
Baby Doge Coin is a decentralized cryptocurrency that was launched in June 2021. It was created as a tribute to the popular Dogecoin with the goal of providing its holders with higher returns on investment. Baby DogeCoin has a supply limit of 420 trillion tokens, which is significantly higher than the supply limit of Dogecoin.
Positive things:
Supply Limit:
The total supply of Baby DogeCoin is 420 trillion tokens, which is significantly higher than the supply limit of Dogecoin. However, 45% of the total supply is held in a dead wallet that will be burned, effectively reducing the overall supply.
Exchanges:
Baby Doge Coin is traded on just 29 markets, which is relatively low compared to other cryptocurrencies. However, it has been listed on several popular exchanges such as PancakeSwap, Bitmart, and MXC.
Holders Benefits:
Holders of Baby Doge Coin benefit from a unique feature that rewards them with a 5% share of the 10% charged on trades. Additionally, a burn happens every time the coin is transacted, removing some tokens from the overall supply.
Baby Doge Swap and BabyDogeNFT:
Baby DogeCoin has two unique features, Baby Doge Swap and BabyDogeNFT. The former is a decentralized exchange that allows users to trade Baby Doge Coin and other cryptocurrencies. The latter is a platform that allows users to create and trade NFTs (non-fungible tokens) using Baby DogeCoin.
Integration on e-commerce platforms:
Baby Doge Coin is integrated on different platforms like Shopify, WooCommerce, and other digital e-commerce platforms, making it easier for merchants to accept payments in Baby DogeCoin. The project also receives and distributes donations to animal welfare charity partners, giving back to the community and making a positive impact on the world.
Faster block creation and cheaper gas fees:
Baby Doge Coin is 10x faster in block creation than Dogecoin. It is built on Binance Smart Chain and features cheaper gas fees, making it a more attractive option for users.
