How and Where to Buy Baby Dogecoin (BABYDOGE)
Baby Dogecoin (BABYDOGE) utilized the Binance Smart Chain (BSC) to create an Ethereum-compatible environment. BSC has low costs and lightning-fast swaps and is popular with cryptocurrency investors because of the number of available stable projects hosted on the platform.
It’s unclear who the creators or team are behind Baby Dogecoin, but the puppy meme coin has quickly gained popularity in the cryptocurrency market. The Baby Dogecoin community claims that $BABYCOIN is superior to Dogecoin (DOGE), but only time will confirm the validity of that statement.
Where Dogecoin (DOGE) has a goofy looking Shiba Inu dog as its logo, Baby Dogecoin has a smiling Shiba Inu puppy dog. To that end, Baby Dogecoin’s mission is to help rescue dogs in need and help bring cryptocurrency into mainstream acceptance. In August 2021, the Baby Dogecoin community raised £100,000 for the Best Friends Animal Society.
“The world’s best community coin” – Baby Dogecoin website
Baby Dogecoin has an active social media team, presenting high-quality marketing material, uncommon for many other cryptocurrencies. As a result, $BABYDOGE sprung into the spotlight, rapidly gaining interest from dog-themed meme coin enthusiasts.
What Is Baby Dogecoin (BABYDOGE)?
Baby Dogecoin (BABYDOGE) launched in June 2021 and sprouted from the success of the dog-themed meme coin, Dogecoin (DOGE). Loyal fans of the Dogecoin (DOGE) online community created Baby Dogecoin (BABYDOGE) with the idea of improving upon the Dogecoin model. Baby Dogecoin has ambitious plans for NFT creation, further assistance for pet charities, GameFi and much more.
What Makes Baby Dogecoin (BABYDOGE) Unique?
Baby Dogecoin is a deflationary token created to become scarce over time. Every $BABYDOGE token transaction incurs a 10% fee. If you hold $BABYDOGE, you automatically receive 5% with every transaction on the Baby Dogecoin ecosystem, and additionally, 5% goes to the liquidity pool. The Baby Dogecoin community receives more $BABYDOGE from fees generated from every transaction.
One limitation for many cryptocurrencies is a lack of real-world utility, and Baby Dogecoin set out to differentiate itself from the masses of meme coins with little functioning purpose:
- Baby Dogecoin Crypto Debit card – buy and sell cryptocurrencies and exchange for fiat currencies. The card, available on iOS and Android, will have TextBit technology so users can text $BABYDOGE tokens globally to anyone with a mobile phone
- Partnership with CoinPayments – the partnership integrates $BABYDOGE with some of the leading e-commerce platforms like Shopify, WooCommerce and Magento
- Donations to animal rescues – Baby Dogecoin aims to support animal causes like Furkids, Paws with Cause, ASPCA, Best Friends and Animal League
- Increased transaction speeds – Baby Dogecoin has aspirations to further speed-up transaction speeds
Unique Features of Baby Dogecoin (BABYDOGE)
- Low Transaction Fees – Baby Dogecoin (BABYDOGE) has minuscule transaction fees of less than one $0.01, which makes it cheaper than Dogecoin (DOGE) transactions
- Abundant supply – on launch, 420 quadrillion $BABYDOGE coins were available, so the supply is plentiful
- Trader Incentives – the 10% transaction fee means traders must contribute a percentage for liquidity and redistribution. A 10% selling fee motivates traders to hold on to their $BABYDOGE tokens. If you retain your tokens, you receive a percentage of a sale when someone sells their $BABYDOGE coins
Baby Dogecoin burns $BABYDOGE tokens manually or automatically with every transaction. The majority of initial tokens were locked, although some coins were burned. The baby Dogecoin network is secured by a proof of stake authority consensus, using BSC’s twenty-one validators to enable community involvement and provide decentralization.
How and Where to Buy Baby Dogecoin (BABYDOGE)?
You can purchase $BABYDOGE tokens from Gate.io, an established, reputable cryptocurrency exchange. Buying $BABYDOGE is an easy process.
Follow the guidelines below: –
- Create an account on Gate.io – Gate.io is one of the most straightforward cryptocurrency exchanges for opening a new account. Once you have registered, your account is verified instantly after confirming by email
- Fund your account – transfer a mainstream cryptocurrency to your Gate.io account, in this case, the USDT stablecoin pairs to $BABYDOGE
- Buy $BABYDOGE – Buying $BABYDOGE tokens is as simple as finding BABYDOGE/USDT on the Gate.io platform and executing a BUY trade
- Store your $BABYDOGE tokens securely – Gate.io has an exchange wallet, as well as their proprietary Gate.io hardware wallet, the ‘S1’
How do I Sell Baby Dogecoin (BABYDOGE)?
If you wish to sell your $BABYDOGE tokens, Gate.io makes it super easy to do so: –
- Log in to your Gate.io account
- Exchange your $BABYDOGE tokens for a mainstream stablecoin like USDT
- Transfer your USDT to a reputable off-ramp platform such as Coinbase
- Before completing the transfer, make sure you are happy with the transaction fees
- Once the stablecoins are in your Coinbase account, it’s easy to convert them to your chosen fiat currency. You can then withdraw the funds to your bank account, enabling you to enjoy the profits you’ve (hopefully) made on your $BABYDOGE investment
Should I Buy Baby Dogecoin (BABYDOGE)?
Although we cannot provide investment advice, if you wish to invest in Baby Dogecoin (BABYDOGE), Gate.io is a reliable cryptocurrency exchange that lists $BABYDOGE tokens. You can also purchase $BABYDOGE coins from reputable cryptocurrency exchanges Poloniex and DigiFinex.
How do I invest in Baby Dogecoin (BABYDOGE)? Safely?
If you decide to invest in $BABYDOGE tokens, you can purchase from a reputable cryptocurrency exchange like Gate.io, Poloniex and DigiFinex. After purchase, we advise storing your $BABYDOGE tokens securely in a cryptocurrency wallet, such as the Gate.io exchange wallet.