Baby Doge Coin is a cryptocurrency based on a meme created by the online community of Dogecoin. It was released on June 1, 2021, and became the fastest-growing meme coin by crossing 100,000 holders within the first 21 days of its launch. BABYDOGE is the ticker symbol of this BEP-20 token.
The coin offers its users static reflection, similar to staking, which rewards long-term holders. Additionally, BABYDOGE automatically redistributes 5% of all transaction fees to holders.
According to BABYDOGE's six-step "Pawmap," the project aims to get listed on major cryptocurrency exchanges, introduce credit card payments, launch a decentralized swapping platform and wallet, and build a nonfungible-token marketplace.
BABYDOGE price and tokenomics
BABYDOGE has a total supply of 420 quadrillion tokens. The coin, being hyper-deflationary, is designed to become scarce over time through a coin-burn mechanism.
BABYDOGE is pre-mined, meaning no more coins can ever be created. This contributed to a rise in demand for cryptocurrency, which subsequently affected the BABYDOGE price.
Currently, 30% of the total supply of BABYDOGE has been burnt, leaving an estimated total circulating supply of 295 quadrillion tokens. Additionally, 5% of each redistribution will also be burnt.
A 10% transaction fee is levied every time you trade BABYDOGE, and this fee is divided into two halves:
- Redistribution: 5% redistributed among coin holders
- Liquidity: 2.5% sold by contract and contributed to liquidity, while another 2.5% is added to a liquidity pair on PancakeSwap
Much like its "meme father," Dogecoin, BABYDOGE provides a low economic barrier of entry for users. Over time, as more coins are burnt, the price of BABYDOGE may increase, giving its holders significant profits.
About the founders
BABYDOGE was conceptualized by Dogecoin enthusiasts, and its popularity is partly due to Elon Musk, who tweeted about it in 2021. BABYDOGE has a thriving online community with over 200,000 followers on Twitter and several Telegram channels created for their international communities to come together.
BABYDOGE supports dog welfare and rescue operations worldwide, including charitable causes like Furkids and Best Friends Animals Society.
