Baby Doge Coin (BabyDoge) seeks to be a purpose-driven decentralized meme project. A meme coin defines a project that is inspired by online or social media jokes, influencers, and events. However, Baby Doge aims to work on a genuine purpose to rescue dogs in need, as well as to push crypto acceptance into the mainstream. Additionally, the project aims to introduce concepts such as rewards, non-fungible tokens (NFTs), decentralized exchanges (DEXs), and credit cards for crypto payment on its website. 

Baby Doge Coin is a fun collectible token system based on the Binance Smart Chain. Binance Smart Chain (BSC) was created as a way to use Solidity-based smart contracts at a significantly better and more efficient rate than other competing chains. Baby Doge Coin, which uses BSC, seeks to deliver a better five-second block time and lower gas expenses.

According to the whitepaper, Baby Doge aims to provide the following offerings to users:

Represented by BabyDoge, the platform’s token is deflationary, M]meaning the tokens are burned to make it more scarce to increase value for users. The token primarily aims to reward holders by holding the token as reflections. Holders receive a 5% fee for each transaction in the Baby Doge network. This static reward implies that customers earn more Baby Doge simply by keeping it in their wallets. In addition, 5% of all transaction fees are contributed to liquidity.

Baby Doge Coin was launched on June 1, 2021. The platform reports a total supply of 420 quadrillion BabyDoge tokens, out of which, 125 quadrillion tokens were burnt.

The platform states that Baby Doge Coin partners and lists with platforms like CoinPayments.net, Shopify, WooCommerce, Magento, and others to integrate a coin payment plugin and accept BabyDoge token as a payment option.

How Are New Baby Doge Coins Created & Staked?

According to the platform’s whitepaper, Baby Doge has three simple functions, namely, reflection, liquidity provider (LP) acquisition, and burn. Each trade incurs a 10% fee, which is split two ways. Firstly, 5% of the fee is redistributed to the token holders as rewards. The redistribution is a static reflection that rewards holders that aim to automatically transfer new BabyDoge coins to users’ wallets with each transaction. 

Secondly, the other 5% of the fee is divided in half, with one half being transferred by the contract into BNB. The other half is paired with BNB and placed as a liquidity pair on PancakeSwap. PancakeSwap is a BSC-based decentralized exchange for exchanging BEP-20 tokens. Users can obtain liquidity provider (LP) tokens in exchange for trading against liquidity pools. Further, they can regain their share as well as a fraction of the trading costs by using those tokens. In simple terms, users add liquidity and earn rewards.

We update our Baby Doge Coin to GBP currency in real-time. Get the live price of Baby Doge Coin on Coinbase.

The current market cap of Baby Doge Coin is £203.38M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Baby Doge Coin is £0.00000002. This all-time high is highest price paid for Baby Doge Coin since it was launched.

Over the last 24 hours, the trading volume of Baby Doge Coin is £10.05M.

Assets that have a similar market cap to Baby Doge Coin include IoTeX, Berachain, Synthetix Network Token, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Baby Doge Coin is 167,358 trillion.