Baby Doge Coin is a memecoin on the BNB Chain (BSC) that is inspired by Dogecoin. This memecoin stands out for its implementation of various technologies to develop features such as exchanges, NFTs, etc. The token 1MBABYDOGE is not fully unlocked yet, but has a "burn" mechanism to reduce the token supply. After three years of development, Baby Doge Coin has been listed on AnAn.
1. Baby Doge Coin Memecoin Overview
What is Baby Doge Coin?
Baby Doge Coin is a well-known meme coin project on the BNB Chain network, with a Shiba Inu puppy as its mascot. The project is designed for fans of the "dog" meme coin in the cryptocurrency space, inspired by Dogecoin. One of the goals of Baby Doge Coin is to raise awareness of social responsibility in the community, especially in protecting and caring for animals.
Baby Doge Coin has been developed with significant improvements over Dogecoin, including 10x faster transactions and lower gas fees, thanks to being built on Binance Smart Chain. Baby Doge Coin draws on the experience of Dogecoin and adopts a hyper-deflationary model and a smart staking system that rewards users by automatically increasing their balance with every transaction.
After more than 3 years of development, Baby Doge Coin was officially listed on Binance on September 16, 2024, and trading began at 10:00 (UTC). It is worth noting that although the project uses the token symbol BABYDOGE, after listing on Binance, the token was renamed 1MBABYDOGE.
Main Features of Baby Doge Coin
Initially, Baby Doge Coin’s mission was to promote adoption of abandoned animals and spread compassion for animals. Since then, the project has expanded to include several new features:
Exchange: Allow users to exchange BNB, ETH, USDT, BABYDOGE and other cryptocurrencies. Meme coins are especially widely supported for exchange.
Burn Portal: This feature allows the burning of BABYDOGE tokens to reduce the circulating supply. Users who participate in burning tokens receive a fee discount when redeeming BABYDOGE on the platform. The fee discount depends on the number of tokens burned.
Liquidity: Provide liquidity for trading pairs and reward participants through swap fees.
Earn: Allows staking crypto pairs in pools to earn APRs ranging from 4% to 300%, with fixed-term pools.
AI NFT Creator: A tool that enables users to generate images, including 3D images, based on descriptions using artificial intelligence (AI).
NFT Marketplace: Facilitates the minting, buying, and selling of NFTs, especially those created using the AI NFT Creator tool. To list an NFT, users must register a collection and be approved by the project.
In addition, the platform also supports direct use of legal currency to trade BABYDOGE meme coins through multiple payment channels such as bank transfer, Momo, ApplePay, etc.
2. Highlights of Baby Doge Coin
transparency
Baby Doge Coin is decentralized and supported by a community of cryptocurrency enthusiasts. The project values open communication and believes that trust, transparency, and community solidarity are the three pillars of long-term success.
Community
As one of the fastest growing and most popular communities in the cryptocurrency space, Baby Doge Coin acknowledges that the project’s strength lies in unity. The project continues to expand its global community and has set up multiple Telegram channels dedicated to different countries, allowing people from all over the world to participate and contribute.
Baby Doge Coin has also attracted attention from high-profile people, especially Elon Musk. After he mentioned Baby Doge Coin on Twitter in 2021, the price of the coin soared, creating a significant FOMO effect and attracting investor interest.
trust
Trust is crucial in the cryptocurrency market. Baby Doge Coin not only ensures transparency in community and project development, but also takes security very seriously. The project has been audited by Dessert Finance, and most of the LP tokens have been destroyed and locked, ensuring safety and transparency for investors.
long
Baby Doge Coin is not just a fad, it has established a long-term development strategy. The project's decentralized community is driving the long-term development of the Baby Doge ecosystem, focusing on creating real use cases and providing greater returns for participants.
Memecoin and Technology
Although Baby Doge Coin is a meme coin, it leverages the Binance Smart Chain platform to provide high performance, low transaction costs, and a processing speed of only 5 seconds. The Baby Doge Coin ecosystem is further enhanced by its Burn Portal feature, which reduces the circulating supply and provides fee discounts to users who participate in token destruction. In addition, Baby Doge's smart staking system automatically increases the BABYDOGE balance in the user's wallet after each transaction, thereby attracting more investors.
Baby Doge Coin has solidified its position in the meme coin market with its outstanding features, community support, and transparency and will continue to grow rapidly in the future.
Similar Projects
Baby Doge Coin is similar to other meme coins such as Dogecoin, Floki, etc.
III. 1MBABYDOGE Token Overview
BABYDOGE Token is the official token of the Baby Doge Coin project. When it was listed on Binance, the original BABYDOGE token was exchanged for 1MBABYDOGE, representing 1 million BABYDOGE tokens.
1MBABYDOGE Token Basic Information
Token name: Baby Doge Coin
Token symbol: BABYDOGE
Blockchain: BNB Chain
Smart Contract: 0xc748673057861a797275cd8a068abb95a902e8de
Release date: May 2021
Price: 1MBABYDOGE = 0.0018 USD (as of April 10, 2024)
Market value: $280.71 million
Fully diluted market capitalization: $373.4 million
Total supply: 420 billion 1MBABYDOGE
Maximum supply: 203 billion 1MBABYDOGE
Circulation: 155 billion 1MBABYDOGE
Distribution and Token Release Schedule
The details of the distribution and issuance plan of BABYDOGE tokens have not yet been fully disclosed. However, the token is hyper-deflationary, has an automatic destruction mechanism, and rewards holders through transactions.
1MBABYDOGE Token Use Cases
GIFTS: BABYDOGE for charity events and community giveaways.
Rewards: BABYDOGE holders are rewarded through the staking system and for every transaction on the network.
4. Potential Assessment
Here are some objective insights about the Baby Doge Coin project:
Top memecoins on BNB chain: Baby Doge Coin has huge growth potential. Supported by the Binance Smart Chain ecosystem, the project has technical and community advantages over other meme coins.
Large Fan Base: Baby Doge Coin follows in the footsteps of Dogecoin (DOGE) and has amassed a large fan base. This is crucial for the survival of a meme coin as community strength is key to maintaining value and long-term growth.
Not just a meme coin, but also technology-focused: Baby Doge Coin has developed multiple products, such as Baby Doge Swap, NFT, etc., which enhance the practicality and application of the token. This positions Baby Doge Coin as an "industrial" meme coin that combines entertainment with technology to achieve sustainable growth.
Deflationary Token with a Burning Mechanism: Although BABYDOGE tokens have not been fully unlocked, 51% of the total tokens have been destroyed, reducing the circulating supply and increasing the potential value of the token.
In conclusion, Baby Doge Coin is a promising meme coin project. It combines entertainment and technology with innovative features. Although not yet fully unlocked, the token destruction mechanism (51% destroyed) provides the potential for significant appreciation in the future.
