Recently, with the rise of meme coins such as dogecoin and Shiba Inu, BabyDoge has also received some attention. Babydoge is a kind of community token, which was launched in June, 20021,and became popular under the impetus of Elon Musk, the father of dogecoin. Dog baby coins are issued on BSC. In addition to the destructive mechanism of deflation, the biggest feature is the cooperation with the stray dog charity Paws with Cause, which will help dogs all over the world find their own homes.

Baby dog coin is known as the child of Doecoin, and it is known as an improved version of Doecoin, because it will become more scarce over time, in order to improve the transaction speed. BabyDog charges a fee of 10% for each transaction, and redistributes half of the fee (5% of the original transaction) to all existing Babydog coin holders.

Cause of fire and explosion

Shortly after its establishment, the father of Doecoin, Elon Musk, published a tweet about Doecoin on July 1 day, which unexpectedly contributed to the popularity of baby dog coins. The tweet was changed from the familiar nursery rhyme "Little Shark", and the protagonist (Little Shark) was changed to a dog baby, just like the name of the dog baby coin. Therefore, this tweet has given Doge baby a lot of exposure.

After a large number of exposures brought by Musk, Baby Dog Coin immediately announced on the official community platform that in order to cope with the upcoming birth of Baby Dog Coin for one month, the project party changed the original plan of destroying 3 million baby dog coins to destroying 1,000 baby dog coins, with a higher total value. In the second period, the price of baby dog coins rose, then began to fall, and it did not start to rise until September 20021year.