The well-known meme coin initiative Baby DogeCoin has declared that it would burn 50 quadrillions BABYDOGE to increase the value of its cryptocurrency. The 50 quadrillions BABY DOGE will be burned from its currency circulation on the Ethereum network, the Baby DogeCoin team said yesterday on Twitter. Supporters of the Doge Meme internet community gave birth to this new cryptocurrency. By demonstrating his new, higher transaction speed and cuteness, Baby Doge hopes to amaze the market. BabyDoge was introduced in June 2021, and its extensive plan includes further initiatives for animal welfare, the development of NFTs, the introduction of GameFi, and much more.
The Move Acquired Community Approval
The decision to burn 50 quadrillions of Baby Doge tokens was taken by the community as a whole after a vote was requested on a proposition presented on June 1, 2022. The initiative, which has one day left, asks the BABYDOGE society to vote on whether the 50 quadrillion pieces should be burned all at once or spread out over the following two months.
The majority of the votes cast so far support sacrificing all 50 quadrillion assets on the Ethereum network simultaneously by the BABYDOGE team. It’s interesting that the change happened so soon again after the BABYDOGE team burned 3 quadrillion coins from its entire stock to mark the project’s first birthday.
Specifications and Cost of BABYDOGE Token
The entire quantity of digital money, BABYDOGE is enormous. A total of 420 quadrillion tokens and 159.2 quadrillion tokens are in circulation for the currency, which debuted the year before.
At the time of publication, the price of the cryptocurrency is about $0.0000000016, down 3.8 percent from the previous day. The Baby DogeCoin group is confident that after the 50 quadrillion tokens are burned tomorrow, the cryptocurrency’s value will soar dramatically.