“Dogecoin is an open source peer-to-peer cryptocurrency, favored by shibas worldwide. Elon Musk thinks we’re pretty cool.”
- Has developed a strong use case by launching credit card swap
- Has partnered with CoinPayments.net to allow users to pay with BABYDOGE
- 5% of fee is redistributed to users thereby serving as a source of passive income
- Boasts of a strong social media community
- The huge supply means 1 BABYDOGE has a very low value currently
- A huge portion of the supply is under the control of a few whales who can choose to manipulate the price if they want
The Baby Doge (BABYDOGE) token is a meme cryptocurrency and is a direct competitor to the more well known and pioneer meme coin: Dogecoin. Baby Doge was launched in June 2021 and has partnered with charity animal shelters. Baby Doge has taken the concept of meme cryptocurrencies one step ahead and has linked them with charity and payments to build an interesting use case for its coin.
Baby doge provides a source of passive income for its holders as 5% of the transaction fee is redistributed to its users.
Baby Doge received recognition and appreciative tweet from meme coin promoter and ace investor Elon Musk. The token has also supported Best Friends animal Society and has donated $100,000 to the charity.
However, Baby Doge is still a very volatile cryptocurrency and a highly risky investment and it will take sometime before the price can stabilize.
The initial total supply of BABYDOGE was 420 quadrillion tokens but the supply has reduced since then as about 125 quadrillion tokens have been burnt.
The transaction fee is redistributed in the following manner:
5% is used for providing liquidity and,
5% is rewarded back to holders
Has Baby Doge been audited and doxxed?
Yes. BABYDOGE was audited by Dessert Finance and has been doxxed. The team behind Baby Doge publishes regular documentation via press releases and is active on social media channels.
Detailed Review of Baby Doge (BABYDOGE)
The Baby Doge token has been built on the Binance Smart Chain with a claimed block speed of 5 seconds. The token was in news after supporting charitable animal shelters and received appreciative and promotion tweets from Elon Musk and other social media celebrities.
The Baby Doge token is not just a meme coin but has managed to build many significant use cases for its coin. The BABYDOGE community has partnered with CoinPayments.net and this is an important partnership as it will allow the users of Baby Doge to spend the currency on many platforms. The long term vision of Baby Doge is to function as a standalone network/ecosystem like other blockchains. It is an important meme coin and has managed to maintain its uniqueness and identity in a world full of meme tokens where its difficult to differentiate between one meme coin from the other.
Where to Buy BABYDOGE?
You can buy BABYDOGE on OKEx and Gate.io. You may also swap any cryptocurrency that you hold currently into BABYDOGE directly with the help of the live swap feature on the Baby Doge website. This facility has been provided in a partnership with MoonRadar Finance. The Baby Doge token is also the first meme coin to offer the facility to buy crypto through credit cards and other forms of payment directly on its website.
You can buy BABYDOGE either through cash via P2P (peer to peer), credit or debit cards or through other cryptocurrencies.
If you already hold some crypto, then you can use the coins to purchase BABYDOGE directly through the native decentralised exchange known as PancakeSwap. Baby Doge has also developed a bridge for swap and it can also be purchased on UniSwap. All you need to do is connect your wallet such as metamask and select the appropriate coin pair that you wish to use for purchasing BABYDOGE (for example: BTC/BABYDOGE or BNB/BABYDOGE). The decentralised exchanges are a quicker and easier method that guarantees anonymity as you do not have to deposit fiat currencies or complete a KYC process before purchasing the Baby Doge token. You can also use BABYDOGE for purchasing other altcoins through the decentralised route as explained above.
What Can you do With the Baby Doge?
Hodl as a long term investor: The developers of BABYDOGE have plans to include the token as a form of payment on marketplaces all over the world. It has already managed to establish a partnership with CoinPayments.net that will allow merchants to integrate BABYDOGE as a method of payment for users. You could also simply hodl it and gain from its price appreciation in the long term. The token generates passive income for its holders as 5% of the fee is redistributed to all users.
Support Charity: The Baby Doge ecosystem has a dedicated charity wallet where users can deposit tokens to help shelters.
Swap BABYDOGE to other BSC/ETH tokens: You can use BABYDOGE and directly swap to other altcoins on a decentralised exchange. The process is quick and simple, and is described below.
How to Swap BABYDOGE to other altcoins
Simply head over to a decentralised exchange and connect your wallet. Then, select the amount of BABYDOGE you wish to spend (factoring in transaction fees) and swap for another crypto token. You will receive the tokens in the same wallet.
Baby Doge has plans to launch a debit card and an online digital payment app that will be availble for both android and apple users. It will perform all functions of a fiat account such as allowing users to transfer fiat currencies from a bank account. The app will also allow direct purchase and transfer of cryptocurrencies. Baby Doge developers are also planning to develop a new TextBit technology that will allow holders to transfer/send BABYDOGE through text to anyone anywhere in the world using a phone number.
The developers also plan to launch a native wallet called the Baby Doge Paw Wallet.
The developers also plan to launch an NFT ecosystem. This will be an important breakthrough for the meme coin and will help in generating more rewards for its users.
Baby Doge Swag is a planned and upcoming merchandise store that will help the meme coin holders with more use cases in the future.
The all time high price of one BABYDOGE was $0.000000005890 on June 4, 2021. It is currently trading at $0.000000002361 at the time of writing (Source: CoinGecko). The all time low price was $0.000000000095 on June 9, 2017. Comparing the all time low and all time high price, we get returns of about 2359% which are very impressive returns for a small cap meme cryptocurrency.