BABYDOGE is a cryptocurrency based on the highly successful Dogecoin (DOGE) token. As one of the most popular Dogecoin-based cryptocurrencies, BABYDOGE, like DOGE, is highly volatile and light-hearted in nature. BABYDOGE price is updated live on Binance.
Created by the Dogecoin community, BABYDOGE incorporates a number of elements that make it different from Dogecoin. While BABYDOGE has no practical use cases or applications apart from being a means of transferring and storing value, some BABYDOGE features make it more complex than Dogecoin.
Baby Doge incorporates a deflationary mechanism that makes BABYDOGE more scarce over time. Unlike deflationary methods such as burning (in which tokens are destroyed) Baby Doge uses a 10% trade fee mechanism.
All Baby Doge transactions are subject to a 10% fee, of which 5% is redistributed to BABYDOGE token holder wallets and 5% is allocated to a liquidity fund.