$BABY
Baby Token (or Baby Doge Coin) is one of the cryptocurrencies that emerged in recent years within the wave of "meme coins" inspired by currencies like Dogecoin and Shiba Inu. Here is an introductory article about it:
Baby Doge Coin: What is it and why is it gaining attention:
In the world of cryptocurrencies, new coins occasionally appear trying to attract attention using funny names or catchy slogans. One of these coins is Baby Doge Coin, which was launched as a parody of the famous Dogecoin, but with some technical and marketing additions.
What is Baby Doge Coin?
Baby Doge Coin is a digital currency built on the Binance Smart Chain (BSC), launched in June 2021. The currency claims to improve upon the functionality of Dogecoin by offering higher transaction speeds and a rewards system based on the Reflection mechanism.
Key features of the currency:
1. Reflection:
Holders of the currency retain a portion of each transaction, where a percentage of every buy or sell is automatically distributed to existing wallets. This encourages users to hold the currency in the long term.
2. Automatic liquidity:
A portion of the fees is also allocated to ensure there is permanent liquidity on decentralized platforms such as PancakeSwap.
3. Gradual burning:
The platform burns a portion of the currency over time to reduce supply and increase value.
(Quadrillions of tokens) raises concerns about inflation.
I wish I had a large amount.