What is baby doge?
Baby Doge, a month old cryptocurrency, is credited to “fans and members of the Dogecoin online community” according to a post on its website. Baby Doge is based on an integrated intelligent staking system, which means that every transaction adds more money to the wallet. Baby Doge offers faster transaction speeds than Dogecoin and Shiba Inu coins. The purpose of the token is to “impress his father by demonstrating his new increased transaction speed and cuteness”. It’s a yield farming token, to be clear. It’s not quite Dogecoin, but it is similar to Shiba Inu (CCC: SHIB-USD), with a limited token offer and staking perks.
Things worth knowing about Baby Dogecoin
It was founded on June 1, 2021. It wasn’t until June 9 that the earliest price was recorded when it was $ 0.000000000175. Thanks to social media and influencer marketing, this rose quickly, but later declined again.
There is a six-phase strategy for Baby Doge Coin. The first stages are perfectly normal, with goals like reaching 25,000 subscribers and completing a website overhaul. In the final phase it gets much more ambitious. With a market cap of $ 100 billion and the creation of a Baby Doge religion with a market cap of $ 500 billion.
The total amount of Baby Doge Coin was 420 quadrillion tokens, with the team behind it physically burning (destroying) over 125 quadrillion. The Baby Doge Coin team has complete control over when and how many tokens are burned during manual burning.
Baby Dogecoin related fees and bonuses
There is a ten percent fee for each transaction. The seller pays 10% on every Baby Doge Coin transaction. This is how it works:
Everyone who currently owns Baby Doge Coin will receive a 5% bonus.
Half of the 5% is held as Baby Doge Coin and the other half is exchanged for Binance Coin. These serve as a liquidity pool that allows users to swap these two currencies for each other.
The ten percent fee is an incentive for Baby Doge Coin holders to keep their coins. You will be charged 10% on sale. If you keep it, you get a discount on the retail price if someone else sells it.
The ten percent fee is an incentive for Baby Doge Coin holders to keep their coins. You will be charged 10% on sale. If you keep it, you get a discount on the retail price if someone else sells it. This concept was not created by Baby Doge Coin. Safemoon, which debuted in March, charges a similar price.
Is Baby Dogecoin Risky?
The cryptocurrency market is volatile and Baby Doge can ride another wave of surge, but beyond that, the coin has no practical use.
Nobody can predict what will happen to Baby Doge’s performance as the cryptocurrency market and Elon Musk are unpredictable. If Baby Doge’s craze leads it to exceed Dogecoin in value in the next few months, it will amaze everyone.
Buying Baby Dogecoin is a game of chance with a high risk of losing money. Baby Doge Coin got off to a strong start, but it’s tough to think of as a long-term investment. Memecoins like this are a dozen with no discernible future goals or competitive advantage.
How do I buy Baby Dogecoin?
PancakeSwap does, but none of the major crypto exchanges.
PancakeSwap is the platform of choice for those interested in receiving Baby Doge Coin. One of the larger decentralized exchanges is PancakeSwap (sites where users contribute and trade crypto).
You need to connect a crypto wallet to use PancakeSwap. Then you can exchange Baby Doge Coin for another cryptocurrency, such as Binance Coin. There’s an easy learning curve, but once you get the feel for it, it’s not too difficult.