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What is BABYDOGE? What is BABYDOGE coin
BABYDOGE, a community-driven cryptocurrency utilizing automatic reflections and hyper-deflationary tokenomics, emerged on the Binance Smart Chain in June 2021, rewarding holders with passive income.
Oct 05, 2024 at 03:24 am
What is BABYDOGE?
BABYDOGE is a decentralized cryptocurrency created on June 1, 2021, on the Binance Smart Chain. It is a hyper-deflationary token that rewards holders with automatic reflections.
Expansion:
- Hyper-Deflationary: BABYDOGE has a unique tokenomics model that burns (removes) tokens from circulation with each transaction. This reduces the supply of tokens over time, increasing their value.
- Automatic Reflections: Holders of BABYDOGE automatically receive rewards in the form of additional tokens. This occurs whenever a transaction is made, incentivizing hodling and supporting the token's long-term growth.
- Community-Driven: BABYDOGE is a community-driven project with no central authority or premine. The community has played a significant role in the token's development and marketing efforts.
Use Cases: BABYDOGE has several potential use cases, including:
- Medium of exchange: Users can buy and sell goods and services using BABYDOGE.
- Store of value: BABYDOGE can be held as a long-term investment, benefiting from its hyper-deflationary nature.
- Crowdfunding: The BABYDOGE community has used the token to fund various charitable initiatives and projects.
Token Distribution: The total supply of BABYDOGE is 420 quadrillion tokens, distributed as follows:
- 50% burned at launch
- 25% distributed to the liquidity pool
- 22.5% distributed to the community
- 2.5% reserved for the team
Where to Buy BABYDOGE: BABYDOGE can be purchased on various cryptocurrency exchanges, including:
- PancakeSwap
- LBank
- MEXC
- BitMart
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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