Wednesday, August 10, 2022
Home Crypto News Market BabyDoge Team Announces Burn Date Of 50 Quadrillion Tokens, All Coins To...

BabyDoge Team Announces Burn Date Of 50 Quadrillion Tokens, All Coins To Be Burned In One Transaction

- Advertisement -

Shiba Inu’s Rival, Baby DogeCoin (BabyDoge) To Burn 50 Quadrillion Tokens on July 1st.

Shiba Inu’s rival, Baby DogeCoin (BabyDoge), plans to cut 50 Quadrillion of Baby Doge Coins from its supply on the Ethereum chain in one gigantic transaction on July 1st, 2022.

“50 quadrillions burn on ETH chain on July 1st.”

This comes after the first-ever community proposal launched by BabyDoge, on its Birthday. BabyDoge Community overwhelmingly voted in favor of Burning 50 Quadrillion coins at once.

Baby Doge Coin celebrated its first birthday on June 2nd. On Birthday Event, the team behind the third most followed canine-themed cryptocurrency on Twitter burned a whopping total of 3 Quadrillion BabyDoge tokens worth $5,100,000 ($5.10M) in one noticeable transaction.

To make the Birthday more special, the BabyDoge team launched its first-ever community proposal with the name, “Burn 50 Quadrillion on ETH”, which was scheduled to end on June 28th, 2022. In the proposal, the team behind BabyDoge asked the Community to vote on whether they wished to organize a Mega Burn Event of 50 Quadrillion tokens.

The BabyDoge community enthusiastically participated in the voting. The majority of votes were cast in favor of burning 50 Quadrillion BabyDoge in one go.

BabyDoge is one of the most popular canine-themed cryptocurrencies in the world, having a gigantic supply in circulation, i.e., 115.11 Quadrillion, as per data provided by CoinMarketCap.

After almost a year, CoinMarketCap verified BabyDoge circulating supply on the platform.

Since the start of the New Year 2022, BabyDoge has been burning quadrillion tokens every month, but burning 50 Quadrillion coins in one go would be the first and monumental event for the meme coin community.

Till today, BabyDoge has sent a whopping total of 24 quadrillion canine-themed meme tokens worth over $66.2 million to the dead wallet in six months.

- Advertisement -


The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.


Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Midas Releases 3 CeDeFi Investment Strategies, Creates New Opportunities In The Bear Market

On August 10, 2022, Midas.Investments, a custodial CeDeFi platform, released three new investment strategies. The platform merges diverse approaches to digital asset management into...

Hotbit Shuts Down Trading, Deposit, and Withdrawal Services Indefinitely Amid Ongoing Criminal Investigations 

Leading cryptocurrency exchange Hotbit has announced that it will be suspending some of its important services indefinitely.  According to the exchange, services such as trading,...

US SEC and CFTC Require Hedge Funds To Disclose Their Bitcoin and Crypto Holdings

Regulators may want hedge funds to report crypto exposure. window.coinzilla_display = window.coinzilla_display || ; ...

Report: $540 Million Laundered by Crypto Criminals Through RenBridge

  A new report shows that over half a billion dollars were laundered by crypto criminals through a service called RenBridge. According to a recent study...

Metaverse Memecoin Tamadoge Raises $1 Million Midway Through Its Beta Sale

London, UK, 10th August, 2022, ChainwireTamadoge, the P2E metaverse meme coin, has raised $1 million after just 12 days of its beta sale. The...

Vitalik Buterin, Justin Sun, Binance, FTX Join 440 Addresses Receiving 0.1 Ethereum From Sanctioned Tornado Cash

  Binance and FTX Join the 440 Addresses That Received 0.1 ETH From Sanctioned Tornado Cash. window.coinzilla_display =...

Nigerians Can Now Pay Their Utility Bills With Bitcoin

  Cryptocurrency is now accepted for utility payments in Nigeria. window.coinzilla_display = window.coinzilla_display || ; ...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.