What is Baby Doge Coin? Baby Doge Coin (BABYDOGE) is a cryptocurrency project created in 2021 by the Dogecoin community. In this article, you can find answers to frequently asked questions such as what is Baby Doge Coin, how it works, what it offers, how to buy BABYDOGE, what it is used for. As Kriptokoin.com, we have prepared it for you. Baby Doge was released on June 1, 2021. It managed to reach a market capitalization of $200 million 3 weeks after its release and recorded an increase of over 1000%. After this popularity and increase in value, the meme coin entered the investor’s radar.
What is Baby Doge Coin?
Baby Doge Coin is a meme coin project built on Binance Smart Chain (BSC). The meme coin, inspired by Dogecoin, describes itself as the “child of Dogecoin”. The project has a native cryptocurrency called BABYDOGE. The project was created to help dogs living in harsh conditions around the world. In this context, meme coin donates to charities that help dogs. In addition, Baby Doge aims to be a platform that provides high processing speed and scalability.
The team behind the cryptocurrency aims to make the meme coin an asset that offers more benefits in the real world. The project describes its biggest project as opening an NFT market. It is also among the plans to create a wallet that enables rewards and asset trading. The platform offers BABYDOGE owners the opportunity to earn additional income through transfers. While 5% of the transactions carried out within the ecosystem are added to the liquidity pool, 5% is distributed among the BABYDOGE holders.
What is Baby Doge Coin used for?
Baby Doge Coin can currently be used as a payment method by Shopify, WooCommerce and other e-commerce platforms, as well as charities such as ASPCA and Human Society. Interested users can make their shopping or donations with Baby Doge.
Crypto money also includes staking feature. BABYDOGE holders can earn token rewards simply by holding their holdings. Thanks to new services such as the Baby Doge application, wallet and NFT market, which are still under development, the usage areas of BABYDOGE may expand.
How did the BABY Doge hype start?
Baby Doge popped up similarly to Dogecoin as it emerged and followed a calm price action. Just like Dogecoin, Elon Musk is behind Baby Doge’s hype. Musk shared a post on his Twitter account in July of 2021. Tesla CEO’s post included:
“Baby Doge, doo, doo, doo, doo, doo, Baby Doge, doo, doo, doo, doo, doo, Baby Doge, doo, doo, doo, doo, doo, Baby Doge.”
After this tweet, the meme coin started an uptrend with a notable surge in popularity.
How to Buy BABYDOGE?
Baby Doge Coin is listed by many crypto exchanges. These exchanges include Gate.io, Lbank, PancakeSwap and UniSwap. Interested investors can purchase BABYDOGE by signing up for one of these exchanges and creating a wallet.
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