Thursday, September 29, 2022
HomeCrypto NewsMarketThe Awaited BabyDoge Swap Testnet Is Finally Live On Binance Smart Chain

The Awaited BabyDoge Swap Testnet Is Finally Live On Binance Smart Chain

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BabyDoge developer team has finally announced that the meme coin’s testnet has gone live on BSC.


For some time, the crypto community has been waiting for the release of the BabyDoge swap facility that has the potential to change the market outlook associated with the coin. BabyDoge became a copycat of the favored Dogecoin (DOGE), a meme coin that has gained traction as the father of the meme world over the last few years.

A short while back, the BabyDoge developer team promised the community that it would be launching a testnet on BSC. Now, the time has come for the launch, and it has already happened. The team posted the good news via its official Twitter handle. The announcement also included a directive on how to mint free BabyDoge coins.

 

What The Testnet Brings

The BabyDoge testnet on BSC introduces a few important facilitations that will improve the coin’s ecosystem. These include DeFi functionality, staking, and more decentralization. The swap protocol will also introduce feeless transactions. At press time, the meme coin is trading at around $0.0000000016 and sitting at position 231 on the charts.

Babydoge Farming is also live:

https://twitter.com/BabyDogeCoin/status/1559494940211789827

 

 

 

BabyDoge Fanbase Is Expanding

Earlier, the developer team announced that the number of BabyDoge holders had already started increasing. At the time, there were around 1,603,575 BabyDoge holders. The number is expected to continue rising as the meme coin gains popularity within crypto circles. More interestingly, BabyDoge leads Dogecoin and Shiba Inu Inu in terms of holders.

Even more interesting is the ongoing effort to boost the coin’s price. This is happening by way of burning the coins. Burning crypto coins means sending them to an address where they can’t be retrieved. Burning decreases the number of particular coins in circulation, thereby increasing demand that ultimately translates into upward price action. On The first birthday, the baby dog team burnt 50 QUADRILLION Coins Worth $88 Million in one transaction. Their team is always looking to boost the burn numbers.

As Reported By The Crypto Basic, Users Can Now Buy Baby DogeCoin With 20 Fiat Currencies, Including USD, EUR, GBP

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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
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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