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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.
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！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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