What is BABYDOGE coin? Learn what BABYDOGE coin is in one minute

Launched on the Binance Smart Chain in 2021, BABYDOGE has a hyper-deflationary mechanism that redistributes 5% to holders, adds 5% to the liquidity pool, and burns 50% of the initial supply.

Oct 12, 2024 at 01:18 pm

1. What is BABYDOGE Coin?

BABYDOGE, launched on July 1, 2021, is a hyper-deflationary token built on the Binance Smart Chain (BSC).

2. Key Features:

• 5% Redistribution to holders for every transaction.
• 5% Added to the liquidity pool for increased stability.
• Auto burn mechanism to reduce the supply over time.

3. Tokenomics:

• Total Supply: 420 quadrillion tokens
• Burn Rate: 50%
• Redistribution: 5%
• Liquidity Pool: 5%

4. How BABYDOGE Works:

When BABYDOGE is traded, 5% of each transaction is redistributed to holders, encouraging long-term ownership. 5% is added to the liquidity pool, ensuring stability and liquidity for the token. An additional 50% of the initial supply was burned at the time of launch, reducing the supply and increasing scarcity over time.

5. Use Cases:

BABYDOGE has various potential use cases:

• Payment Token: Can be used for payments, purchases, and tipping.
• Meme Token: Often used for humorous or satirical purposes in the crypto community.
• Community Building: Provides a platform for community engagement and collaboration.

Additional Information:

• BABYDOGE has a strong online community with over 1 million followers on social media.
• The token has been listed on several major exchanges, including XT.com and LBank.
• BABYDOGE is known for its rapid price fluctuations and high volatility, so it's advisable to invest cautiously.