BabyDoge finally launched its decentralized exchange.
Baby DogeCoin (BabyDoge) has officially launched the much-anticipated Baby Doge Swap; the official Twitter account of the cryptocurrency was announced today.
Users who want to use the service can visit the official website of Baby Doge Swap to perform different swap operations.
We will be adding farm rewards shortly stay tuned for announcement ! pic.twitter.com/Hz867MNc6R
— BabyDogeSwap.com LIVE (@BabyDogeCoin) October 6, 2022
Baby Doge Swap is a decentralized exchange (DEX) built on the Binance Smart Chain (BSC) to enable users to perform different operations, including swaps, yield, and staking. According to BabyDoge, cryptocurrency enthusiasts can utilize the protocol to swap any cryptocurrency on the Binance Smart Chain (BSC) in a matter of seconds.
Like other decentralized exchanges, Baby Doge Swap does not require users to register or complete stringent know-your-customer (KYC) requirements.
To start using the service, users just need to connect their wallets and start swapping all BSC-related tokens, including BabyDoge.
Meanwhile, Baby DogeCoin has also launched BabyDoge farm rewards for BUSD and USDT on the decentralized exchange at over 60,000% annual percentage return (APR). Baby Doge Coin noted that the APR would eventually reduce when more people stake their tokens.
“BUSD/USDT LP FARM IS OFFICIALLY LIVE On BabyDogeSwap. At 60,000%+ APR Other swaps only offer 2-3% currently. The more people who stake, the lower the APR” Baby Doge Coin said in a tweet.
Baby Doge Coin Showcasing Its Utility Prowess
The Baby Doge Swap is another effort by the team to inform critics that BabyDoge is beyond the memecoin title given to the project at the time of its launch on September 1, 2022.
TheCryptoBasic reported the launch of Baby Doge Coin’s first Play-to-Earn (P2E) game. The game was launched on Petaverse, a division of Decentraland.
Other than this, the team is burning a huge amount of Babydoge. On its first anniversary, the team destroyed whopping 50 quadrillion tokens. Recently Brazilian Soccer Legend Ronaldinho Announced Partnership With BabyDoge to Launch Exclusive NFTs. BabyDoge also launched a dog adoption and protection unit in New York City.