What is Baby Doge? Detailed review

What is Baby Doge? Detailed review

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Meme-based cryptocurrencies, otherwise known as “meme coins,” are nothing new in the crypto space. From the release of Dogecoin (DOGE) and the rise in popularity of a competitor known as Shiba Inu (SHIB), it is clear that there has been a high level of interest as well as competition within the meme coin sphere.

What is Baby Doge?

Baby Doge Coin (BABYDOGE) is one such cryptocurrency that was created by fans and aims to be a hyper-deflationary token that claims it is an improvement over past meme-coins as it can become more scarce over time and increase transaction speed.

Today, we are going to go over everything you need to know about this cryptocurrency.

Key Points:

  • Baby Doge Coin (BABYDOGE) is a deflationary cryptocurrency that is specifically designed to become more scarce as time passes.

  • All of the holders of the Baby Doge Coin (BABYDOGE) cryptocurrency are given the opportunity to earn more baby doge that is automatically sent to their wallet by simply holding the coins in their wallet.

  • Baby Doge Coin (BABYDOGE) has numerous features, such as auto-burn, auto-reflections, locked liquidity, and a charity wallet. 

  • You can easily connect to a Baby Doge Coin (BABYDOGE) node or a block explorer through the utilization of NOWNodes.

What is Baby Doge Coin?

What is Baby Doge Coin?

Baby Doge Coin (BABYDOGE) is a meme coin developed as a response to the market domination found in other cryptocurrencies such as Dogecoin (DOGE) and Shiba Inu (SHIB); made by fans, and aims to be a deflationary token that can become a lot more valuable throughout the span of time. 

Crypto Baby Doge stands out due to the fact that it has incredibly cheap transaction fees and an abundant supply; at launch, there were over 420 quadrillion BABYDOGE coins.

Influencers such as Elon Musk Baby Doge have tweeted about the cryptocurrency as-well, showcasing support.

Where did Baby Doge Coin Come From?

Baby Doge Coin (BABYDOGE) was originally launched on June 1, 2021.

Reportedly, the developer behind this project is Christian Campisi, who is an environmental philanthropist and also created Save Lands and Pawz.

Furthermore, Campisi uploaded a video where he addressed the Baby Doge Coin community and called himself the founder of the cryptocurrency in July of 2021.

How Does it Work?

Baby Doge Coin (BABYDOGE) provides each user the opportunity to earn more of it by holding the coins in their wallet.

How does Baby Doge coin work?

Holders can automatically receive a 5% fee from every on-chain transaction which occurs on the Baby Doge Coin ecosystem, and the community gets more coins generated from the fees on each transaction.

Then there’s the auto-burn function, where the dead wallet holds 45% of the supply, and out of the 5% of the reflections, 45% of them are distributed to the dead wallet each transaction.

There are also auto-reflections, where 5% of each transaction gets redistributed to token holders. 

Another feature is locked liquidity, where the majority of initial LP tokens are locked and some burned. There’s even a charity wallet, where the team has designated it to receive distributions that are utilized to support the charity partners. 

Risks

Before you go over how to invest in Baby Doge you might want to learn about the risks associated with it. Baby Doge Coin (BABYDOGE) is built on top of the BNB Chain (BSC) and follows the BEP-20 token standard.

The benefit here is that the cryptocurrency gains access to greater speed as well as efficiency when compared to many other blockchains, which allows for low gas fees, and quick processing.

However, there are also risks involved with Baby Doge Coin (BABYDOGE). Specifically, this is not a cryptocurrency that has a high level of utility associated with it, and it does not really bring a revolutionary technology associated with it.

Baby Doge risks

Baby Doge Coin (BABYDOGE) is not accepted by many vendors that accept cryptocurrencies and is still a relatively new project that has not proven the test of time in terms of how far it can grow in value going forward or what kind of usage it will receive from the community.

Can I make Money out of Baby Doge

The interesting level of functionality surrounding the Baby Doge Coin (BABYDOGE) cryptocurrency is the fact that each holder of the coin can get a cut of every trade. Furthermore, if someone wants to trade their own balance of Baby Doge Coin (BABYDOGE), they are charged 10% in the transaction.

Each holder of BABYDOGEgets a 5% fee from every on-chain transaction that happens on the Baby Doge ecosystem, which makes it a cryptocurrency that you can indeed make money out of.

As for how much money can be earned out of it and what kind of value it has, it is important to note that cryptocurrencies are volatile, and as such, their value can change tremendously at any point in time, in either direction. So if you are curious about the Baby Doge Coin future, remember that it can be volatile.

How to Connect to Baby Doge Coin (BABYDOGE)

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If you are interested in connecting to Baby Doge Coin (BABYDOGE), you can do so through the utilization of the blockchain-as-a-service provider known as NOWNodes, and these are the steps that you can follow in order to accomplish this goal easily:

  • Step 1: Visit the NOWNodes website

First, you will need to visit the official NOWNodes website, where you will be provided with the opportunity to enter your email address, after which you can click on “GET FREE API KEY.

  • Step 2: Connect to The Proper Node

Due to the fact that Baby Doge Coin (BABYDOGE) is built on top of BSC, you will need to connect to that node.

Make sure to visit the official documentation, where you will be provided with access to codes that will allow you to connect to the BSC node or block explorer.

For example, if you want to get information surrounding the balance you can use this example request:

curl –location –request POST ‘https://bsc.nownodes.io/your_api_key’ \
–header ‘Content-Type: application/json’ \
–header ‘api-key: your_api_key’ \
–data-raw ‘{
    “jsonrpc”: “2.0”,
    “method”: “bsc_getBalance”,
    “params”: [
        “your_address”,
        “latest”
    ],
    “id”: 1
}’

On the other hand, if you want to check the net_version, you can use this command:

curl –location –request POST ‘https://bsc.nownodes.io/your_api_key’ \
–header ‘Content-Type: application/json’ \
–header ‘api-key: your_api_key’ \
–data-raw ‘{
    “jsonrpc”: “2.0”,
    “method”: “bsc_getBalance”,
    “params”: [
        “your_address”,
        “latest”
    ],
    “id”: 1
}’

Final Words

Hopefully, now you know as much as possible surrounding Doge Coin (BABYDOGE), its various functionalities, why its so popular, and what kind of utility it brings to its holders.

Remember that you can easily establish a connection to Doge Coin (BABYDOGE) through the utilization of the blockchain-as-a-service provider known as NOWnodes.

GET FREE API KEY