The official definition of BabyDoge is as follows:
BabyDoge was born in the Doge community and issued on the BSC chain. Its main function is to build a MEME fan club to spread the use of pet coins.
Token Economics:
The initial issuance of the token is 42 trillion. It is a deflationary token. 5% of each transfer transaction will be added to the liquid holdings, and another 5% will be distributed to the holders. Currently, 48% of the tokens have been sold.
application:
BabyDoge was initially just a hyped MEME coin with no practical use, but the community is also constantly expanding its applications, such as wallets, NFTs, DEX, charity and other fields.
potential:
Although it is constantly working to develop the ecosystem, it has not yet gotten rid of its MEME attributes. It currently has no actual value and can only rely on short-term speculation. It does not have the potential for long-term growth.
It is worth mentioning that on September 3, 2023, the community launched a proposal to burn 500 trillion tokens on the BSC chain.
The burning deflation mechanism is used in many token economics, such as public chains like ETH and BNB, and MEMEs like Shib and BabyDoge. There is no necessary connection between inflation and deflation and token prices. Token prices are ultimately determined by supply and demand.
