Today we continue the MEME journey. Yesterday we talked about Bonk. Many fans said that I asked them to take over. Let me reiterate that I am just a blockchain science popularizer and do not recommend any projects. I talk about projects for future publication. The Blockchain Encyclopedia is not for you to buy coins. The meme projects mentioned recently are all risky projects and may go to zero at any time, so please do not buy them! You can read this article as an informational article, or just for fun.
The project we are talking about today is Baby Dog. This project, the Bonk project, appeared earlier. It came out in 2021. The recent increase has been pretty good, and the current market value is similar to yesterday’s Bonk, so we will Let's talk about it and compare it. Baby's current market value is 180 million US dollars, ranking 230+, and its market value is the same as Bonk mentioned yesterday.
Introduction
First of all, it can be seen from the name of the baby dog that he is riding on DOGE's popularity. Doge is his father, and he is his son, and he is also indirectly riding on Musk's traffic. Of course, in terms of design, the puppy is also more cute and is a 3D model.
Launched in June 21, the total number of tokens is 420 trillion. The current circulation is 143 trillion, and the circulation rate is only 84% (including 50% burned). It was first deployed on the Binance Smart Chain, so it can be said that it It is the Dogecoin on the Binance chain. The Bonk we talked about yesterday is the Dogecoin on the Sol chain. So you can see that as long as a project becomes popular, you can copy it to other chains, and maybe it will also become popular. , which is also one of the main routines of the current meme.
Then it has a certain mechanism. It is a deflationary currency. Every transaction in DEX will have a 10% fee, of which 5% is allocated to all currency holding addresses, so you will get more coins. So more BABYDOGE is automatically added to your wallet with each transaction. Another 5% will be used for LP providers and burned. It is currently half-and-half, that is, 2.5% has been burned. Currently, 50% has been burned.
At the same time, in the introduction to their white paper, the project team made it clear that their core focus is to rescue stray puppies. So far, US$1.4 million has been donated to major animal protection organizations.
Product Series
1. Decentralized exchange
2.Farms, that is, mines, can earn certain tokens through staking and other mechanisms.
3.AI can generate pictures of baby dogs through some text descriptions, etc.
4. Payment, virtual encryption card business
5.Wallet
6. game, babychess, a game of chess
7.NFT, 10,000 NFT, the current floor price is 0.03ETH.
So to sum up, the current meme projects are building their own ecology, instead of just issuing one coin. From the perspective of ecological construction, they are constantly creating products with actual value around fans to form a positive flywheel. This is the current meme project. The mainstream ideas of the project.
Data comparative analysis
After reading the fundamentals, we will look at these meme projects from another dimension through data comparison, which is the same as the idea of analyzing Bonk yesterday.
1. Number of currency holding addresses
Baby is currently deployed on 2 chains. There are about 12,000 addresses on Ethereum and 1.7 million on the BSC chain, which is a bit scary. Compared with yesterday’s 47 BONK addresses, it is 4 times and 20 times that of Floki. Feeling data A slight exaggeration.
2. Social media
Currently, according to social media statistics from the official website, there are 1.95 million people on Twitter? Ins has 260,000, facebook has 310,000, and tele has 60,000, so in terms of social media data, it is ahead of Bonk and floki in all aspects.
3. Address distribution
In fact, we can see that except for the addresses at the head, the addresses at the back are actually quite scattered. Even FLOKI and Bonk that we looked at yesterday are much more dispersed. After all, they have more currency holding addresses.
To sum up, the current project is better than the two dog series meme coins mentioned before in terms of the number of currency holding addresses, ecological construction, number of fans, and deflation mechanism, and its market value is lower than Floki. , similar to Bonk, so we can only find out from the comparison of these data. Again, we emphasize the comparison only from these data! Then let’s talk about the shortcomings. The allocation of the first token is not explained, that is, the project party is not clear about how many addresses it has. From the beginning, the official website said that tens of thousands of addresses were added in just a few days. Could it be the project party’s own? Created address? This is possible. Another point is that if there are such a large number of user currency-holding addresses, might institutions try to pull the offer? Will institutions allow most leeks to make money? Organizations do not do charity, so I have to ask questions or pour cold water on you. Finally, I have to explain that meme projects are extremely risky. Yesterday, I said that the ceiling of these meme projects is the shib of the last bull market, and shib is on the rise. The bull market has reached 90 billion US dollars, so can these local dog projects reach 90 billion US dollars? 300 times increase, you have to know how many animal coins appeared in the last bull market. Anyone who has experienced the last round should know that only one came out in the end, and 99% of the others died, so it can increase 300 times, which also means that there are The risk of 300 times is zero. This article does not constitute any investment advice. Please be cautious when entering the market!