We all know Elon Musk as the biggest DogeCoin promoter. Now, he has a new surprise for fans-Baby Doge.
Elon has been tweeting about baby doge for a while now. You can find the coin on Binance Smart Chain.
According to the project’s social media accounts, Baby Doge is about three weeks old. As they announced, they are currently growing and have 195K holders, including 25K new users, added after Elon Musk’s Twitter post: “Baby Doge, doo, doo, doo, doo, doo…”
In essence, Baby Doge is a deflationary token, which means it values scarcity. This is the main difference from Dogecoin because it’s father’s token supply is unlimited.
Today there is a coin burning plan involving 30 million coins. Lower supply or higher demand dynamics also push prices up but in the short term.
Baby Doge is the sequel to the project’s larger parent company Dogecoin. The baby version strives to be faster, “super deflation.” It has a built-in betting system that allows users to earn more coins.
The website stated that the mortgage system is designed to incentivize users. The coin “holders will automatically charge a 5% fee from every transaction that occurs on the Baby Doge network.”
One of the critical use of it cases is to rescue dogs. It cooperated with Paws with Cause, which collaborated with dozens of American shelters to make the first donation along these routes. The coin outlines the multi-stage roadmap of the project. The plan includes expanding the user base, airdrops, NFTs, and Tesla giveaways.
Based on the tone of comments made by Reddit members, cryptocurrency investors seem to be divided. The bottom line is whether Baby is worth trading, or it is created only to help DogeCoin.
So far, the coin has been listed on the LBank exchange on the BABYDOGE/USDT trading pair on July 1. It will also be listed on XT.com.
Before using PancakeSwap, you need to have BNB tokens in your encrypted wallet.
The most straightforward crypto wallet to use with PancakeSwap is MetaMask, because it has a Google Chrome extension that makes it easy to interact with the exchange.
Go to PancakeSwap.finance and connect your wallet to the website. After clicking on the wallet, go to the exchange and exchange Binance Coin on the platform to buy the coin.
Quick Look: Bitcoin price currently consolidates around $57,000, down by 5%; Fed maintains high interest… Read More
Quick Look: Microsoft invested $1 billion in OpenAI in 2019 to catch up with Google… Read More
Ethereum in Ascending Channel: Risk at $3,000, Upside to $3,500 Quick Look: Bullish Channel: Ethereum… Read More
PayPal's Strong Start in 2024: $403.9B Payment Volume Surge Quick Look: Significant Volume Increase: PayPal… Read More
XTB announced its entry into the UK's £400 billion ISA market less than a quarter… Read More
In this BTN Centre review, we will embark on a trading journey, where cutting-edge technology… Read More