Baby Dog digital currency or Baby Dog Coin is one of the newly introduced currencies in the world of cryptocurrencies. Many consider it as the child of Dogecoin and expect it to be able to give high profits to its investors like its father. But what is the purpose of this cryptocurrency and what is it made for? There have been many questions about this cryptocurrency, which you can read in this article at Pars Bit exchange
What is Baby Dog Coin (BabyDoge)?
Baby Dog digital currency is a meme coin similar to cryptocurrencies such as Dog Coin and Shiba Ino, and its smart contracts are placed on the Ethereum blockchain that when you visit its site; You understand that this project is purely a cryptocurrency intended for fans and members of the Dogecoin online community.
A 10% fee is applied to baby doge cryptocurrency transactions. Half of this fee is returned to Baby Doge holders, and the other half provides PancakeSwap's cash pool for Baby Doge, which may be burned or reinvested in the network's own project.
In fact, Baby Dodge currency is considered a token and cryptocurrency created by the "Doge Meme" online community, and interestingly, this coin aims to impress his father and gain his satisfaction by providing high speed in its transactions.
Features of Baby Dodge Cryptocurrency
Supporting dogs has always been introduced as the most important goal of the Baby Dog Foundation; But without a doubt, this issue is not the only reason to encourage users to buy this token and operate on the platform of this digital currency. Some of BABYDOGE's unique features and benefits that have made it popular include:
The development team and price history of BabyDog cryptocurrency
The BabyDog digital currency was developed in 2021 during the peak of the memecoin market, but the official website of this project does not say anything about the founders and the development team. Despite the anonymity of the founders of the Baby Doge Coin project, its community and activities related to this project are growing on social networks, and despite the initial supply of 420 quadrillion tokens, the Baby Doge cryptocurrency development team, to manage the supply and potential increase in demand, monthly It burns the tokens of this project.
The first recorded price for Baby Dog digital currency was $0.00000000000175. Then it was traded at the price of 0.000000000121 in the cryptocurrency market. Gradually, due to the increase in prices, we saw better figures in the list of exchanges. But after a few weeks, its price started to decrease.
What is the backing of Baby Dog digital currency?
Baby Dog digital currency, like Dogcoin and Shiba Ino, is a meme coin that was developed from the beginning as an internet joke and joke and has no application in the real world, that is why this digital currency has no special support and its value is only With the acceptance of buyers, the support of celebrities and whether or not this meme coin is hyped in social networks, it increases or decreases. So, unlike stablecoins, the price of Baby Dog digital currency has not been stable and no support can be introduced for it.
What is the purpose of offering Baby Dog digital currency?
One of the important questions about Baby Dodge is what exactly is the purpose of this cryptocurrency? As mentioned above, the main purpose of creating Baby Dodge is to compete with Dodge Coin and improve its performance features. so as to maintain its strengths and seek to eliminate Dogecoin's weaknesses.
Dogecoin is a meme-based digital currency that was created in 2013. This digital currency is widely welcomed and its price reached its peak in 2021. However, some critics believe that Dogecoin is not a sustainable digital currency and its value will decrease in the long run. Baby Dodge is trying to solve this problem by creating a more limited supply ceiling. The total supply of BabyDog is 420 quadrillion units, which is much less than Dogecoin, which has an unlimited supply. This makes BabyDog more valuable and stable than Dogecoin.
