Baby Floki Doge (BABYFD) is a cute meme coin brought to the world by'FLOKI INU' and 'DOGE' coins. Meme coins refer to cryptocurrencies created by jokes or memes on the internet and social media. Baby Floki Doge was created with the intent of providing security, stability, and transparency to the meme coin community by providing locked liquidity for the initial year.
The coin aims to rescue the meme communities from high slippage and tax fees for the standard market. Furthermore, the platform is open-source, including an established security audit of contracts from Pink Sale and Solidify Finance. Additionally, the Baby Floki Doge token is of BEP20 and ERC20 standard that operates on multiple blockchains, namely Ethereum and Binance Smart Chain (BSC).
According to the Baby Floki Doge whitepaper, the token "BabyFD" has the most significant supply among other cryptocurrencies. The token assists in distributing 2% reflection to their holders. Even the token can be used to trade and mint various NFTs on the platform.
The BABYFD was launched on October 26, 2021, and is a hyper-deflationary cryptocurrency. This means the burn address also holds the BabyFD tokens, and to resolve the problem of excessive circulation, the token's chunk is sent to the burn address in the form of reflection. Moreover, the coin's total supply is four quadrillions after the 50% burn from circulation.
The Baby Floki Doge platform levies a 6% tax on every trade transaction. However, the platform doesn't load all the tax amounts. The tax amount is equally distributed into three sections: reflection, liquidity, and marketing. Thus, Baby Floki Doge intends to make a place in the cryptocurrency and NFT space due to such a strategically developed functional system.