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HomeCrypto NewsMarketBaby Dogecoin Swap Ready To Launch, TestNet Date Revealed

Baby Dogecoin Swap Ready To Launch, TestNet Date Revealed

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Doggy meme coin rising star ready to launch its decentralized exchange (DEX).

In a tweet on Wednesday, Baby Dogecoin announced its long-anticipated swap is ready to launch, adding that its TestNet would go live less than a week from now, offering lucky users the chance to be beta testers.

“BabyDoge is honored to announce our swap is complete! We invite the entire community to join us when TestNet goes live,” Baby Dogecoin tweeted.

Additionally, the doggy meme token reveals that its DEX would offer users more than just the chance to swap one Binance Smart Chain (BSC) token for another. According to BabyDoge, users would also be able to farm and stake their tokens using the swap. Furthermore, users would be able to hold BabyDoge at lower fees and receive a free token locker.

It is worth noting that BabyDoge first disclosed its plans to launch a swap in April, stating that it would have burn features. Then, in June, a tweet revealed that its DEX would charge fees as low as 0%.

Notably, the doggy meme coin is growing in popularity and, in just over a year, is looking to become the third man in the doggy meme coin race. In April, the meme coin became the third most followed doggy meme coin after the likes of leaders Dogecoin and Shiba Inu. Additionally, BabyDoge, according to BscScan, has the largest number of holders among the 3, with nearly 1.6 million holders, more than twice the number of Dogecoin holders.

Aside from the increasing utility, users continue to be attracted by the deflationary nature of the meme coin through regular token burning. Notably, BabyDoge burned 50 quadrillion coins worth over $88 million in a single transaction in July, the largest burn event ever in the crypto space.

On Tuesday, BabyDoge reveals that it is now ranked 139 on CoinGecko. At the time of writing, BabyDoge is trading at the $0.000000001563 price point, up 1.58% in the last 24 hours.

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Mark Brennan
Mark Brennan
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.


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