You may have heard of Dogecoin, Shiba Inu…and all other coins that have a 100x potential, but what about BabyDoge Token ($BABYDOGE)? In the crypto subspace of dog coins, BabyDoge sits at a lovely spot.
Ever pulled up “babydoge coinmarketcap” or “babydoge coingecko”? In this series of BitKan Explore, we will explore BabyDoge Token ($BABYDOGE) and whether or not this can potentially fit into your cryptocurrency investment.
What Does Babydoge Token ($BABYDOGE) do and offer?
If you like Dogs then you’ll fall in love…with the BabyDoge token! From their website, BabyDoge’s primary utility is “building a fun meme community to spread awareness of animal adoption”. If animal adoption is something you resonate with, then dive deeper into the wonders of $BABYDOGE here!
Describing itself as a “deflationary token designed to become more scarce over time”, $BABYDOGE is a hyper-deflationary token designed to become more scarce over time. What’s more, the purpose of $BABYDOGE is to tokenize the BabyDoge Token community, with many of the following utility features:
BabyDoge Payments with Merchants
Paying for stuff: CoinPayments allows Shopify, WooCommerce, and Magento merchants to accept baby doge as a payment method
BabyDoge Swap
BabyDoge Swap: Certik certified so you feel safe using your BabyDoge tokens to swap for anything. No registration, no hassle! Swap any token on Binance Smart Chain (BSC) in seconds by just connecting your wallet. What’s more…BabyDoge Swap claims to have the lowest fees on BSC so you can swap for a cheaper price!
BabyDoge Swap
Simply hold the following amount of BabyDoge Tokens to get the following swap discounts:
BabyDoge Swap: lowest fees on Binance Smart Chain
10 Billion — 10% off all swaps
100 Billion — 15% off all swaps
500 Billion — 20% off all swaps
1 Trillion — 30% off all swaps
10 Trillion — 50% off all swaps
100 Trillion+ — 70% off all swaps
BabyDoge NFT
BabyDoge NFT: The most glorious art on the face on the planet. 10,000 unique adoptable baby doges on the Ethereum blockchain. They have been developed over many months by their artists and developers making a total of over 200+ unique traits.
BabyDoge NFT
When holding a Baby Doge Army NFT you will be granted access to participate in our voting forum. This will be a great way for the community to decide what the focus of the actions should be. This voting will help the founding team define what are the next marketing campaigns, which products we should be focusing on, NFT utilities, Giveaways, Ideas and more.
BabyDoge Card: Fulfil your card desires with BabyDoge
If all those features are not enough, BabyDoge is also currently setting up a BabyDoge card for you to use in the future. The details are as follows:
As you can see, the above features are just some of the many features the BabyDoge Community has graciously extended their expertise to grow the ecosystem. With such a wide range of products, it increases the utility for $BABYDOGE token and it confirms that a vibrant community will push the BabyDoge Token to the next level.
BabyDoge Coin ($BABYDOGE) Tokenomics and $BABYDOGE Burn Mechanism Explained
BabyDoge Token ($BABYDOGE) Tokenomics
Whereas some crypto teams simply destroy coins to limit the number of coins in circulation, $BABYDOGE adds coins to holders’ wallets each time they make a transaction, and some coins are added to the decentralized exchange PancakeSwap as part of a liquidity pair.
There is a 5% reflection which means that every time someone exchanges or swaps into $BABYDOGE tokens, any wallet address holder holding any amount of $BABYDOGE will get 5% of each transaction. This grants BabyDoge token investors continual rewards.
Another 5% of each transaction automatically creates liquidity that is added to the liquidity pool and locked forever, forming an increasingly higher price floor for investors.
This is a fee-sharing system that $BABYDOGE token holders can stand to enjoy.
Furthermore, redistributions also go to charity partners. According to their website, the organization behind the $BABYDOGE coin has donated over $750,000 to The Humane Society, ASPCA, Paws with Cause, the North Shore Animal League, and other charities that benefit dogs.
BabyDoge Coin ($BABYDOGE) total supply and circulating supply
BabyDoge Token total supply + circulating supply
The BabyDoge Coin ($BABYDOGE) has a maximum and total supply of 420 quadrillion (i.e.420,000,000,000,000,000 or 16 zeroes after the numeral 42). Based on their whitepaper, this amount should reduce about 295 quadrillion $BABYDOGE left as circulating supply after tokens are burnt.
Currently, based on CoinMarketCap, the circulating supply for BabyDoge stands at around 115 quadrillion.
Total Supply = 420 quadrillion
EVENTUAL Circulating Supply = 295 quadrillion
CURRENT Circulating Supply = 115 quadrillion
BabyDoge Coin ($BABYDOGE) Staking
There are no current official methods of staking BabyDoge Tokens due to the fee-sharing system. As long as you are holding $BABYDOGE coins whenever another individual buys or sells, you will be redistributed a small portion of the coins in the transaction.
You can however stake $BABYDOGE using external farms or exchanges.
Is BabyDoge Token ($BABYDOGE) safe? Who created BabyDoge Token ($BABYDOGE)?
BabyDoge Token to the moon! But is $BABYDOGE safe?
According to Motley Fool, BabyDoge Coin launched on June 1, 2021. Although there isn’t any information about the development team on the website or in the white paper, the founder is reported to be Christian Campisi, who also created Save Lands and Pawz. Campisi uploaded a video addressing the Baby Doge Coin community and calling himself the founder of the cryptocurrency in July 2021.
However, one thing to note is that BABYDOGE’s influence on the dog memecoin market is considerably huge, as their growing community with at least 1,500,000 Twitter Followers and 300,000 Telegram Members shows that it will not be dying anytime soon.
BabyDoge Token ($BABYDOGE) Price?
At the time of writing on 1 Nov 2022, the price of BabyDoge is set at US$0.000000001442. That’s 8 zeros at the front and 12 digits after the decimal point.
Its volume for the last 24 hours hovers around US$7,000,000 according to CoinMarketCap. It has a market cap of US$164 million, and its fully-diluted market cap is about US$602 million (but like we mentioned earlier, 125 quadrillion BabyDoge coins will be burnt, so the diluted marketcap is more like ~US$420 million).
Bear in mind that this is during a bear market: prices will change differently, especially when the market turns bull.
It is not unforeseeable that BabyDoge Token ($BABYDOGE coin), with a current market cap of $420 million even when all the BABYDOGE tokens are out (assuming all burnt BABYDOGE coins are burnt forever), could eventually catch SHIB ($5 billion) and DOGE ($7.5 billion), given how quickly things can catch on in crypto.
Flipping SHIB would see 12x returns and DOGE a whooping ~20x.
Suppose you are planning on investing in BabyDoge Token ($BABYDOGE). In that case, you will be betting that community sentiment would drive up high enough to ensure that an economy of BabyDoge enthusiasts can escalate the token into new highs. Looking at their active thriving community and features, this premise seems promising.
BabyDoge Token currently has increasing momentum and brand recognition in the space, which often counts for a lot, especially with meme coins. However, once that momentum is lost, it is difficult to regain, especially with large supply coins — DOGE and SHIB being prime examples.
How to buy BabyDoge Token ($BABYDOGE)?
Babydoge ($BABYDOGE) Coin exists in the Binance Smart Chain (BSC) network with the contract number 0xc748673057861a797275cd8a068abb95a902e8de.
Traditionally, you have to buy some Binance (BNB) coin (or any other coins that support the withdrawal via BSC!)on BitKanand withdraw them to your cold wallet via the BSC network. Once it is in your cold wallet, you can swap for BABYDOGE tokens on PancakeSwap.
But you can simply do everything with BitKan.
BabyDoge ($BABYDOGE) token exists on BitKan!
Buy BabyDoge Token($BABYDOGE) on BitKan!
You may also buy BABYDOGE tokens directly on BitKanas well. Sign up an account via BitKan and put some USDT or fiat money to get started!
