Eight new crypto projects are preparing to launch on Baby Doge Swap.
Several cryptocurrency projects are preparing to launch their tokens on Baby Doge Swap, the decentralized exchange of Baby DogeCoin. In a tweet today, Baby Doge Coin announced that eight projects are preparing to go live on its decentralized exchange.
“There [are] currently 8 projects preparing to launch on BabyDogeSwap!” Baby Doge Coin announced.
There’s currently 8 projects preparing to launch on #BabyDogeSwap !
— BabyDogeSwap.com LIVE (@BabyDogeCoin) October 31, 2022
Data on Unicrypt Network shows that the projects planning to go live are mainly memecoins. These projects have similar names to meme-based cryptocurrencies like Shiba Inu, Dogecoin, Baby Doge, etc.
According to the data, the eight cryptocurrencies preparing to launch on Baby Doge Swap are Shark Shib Coin, Daddy Shark Doge, 波霸奶茶 (Boba Milk Tea), MUSKPET Coin, GoldenDoge Coin, babySharkDoge, Shark pih Coin, and SharkBabyDoge. The soft cap for these cryptocurrencies ranges from 8 to 10 Binance Coins (BNB).
Some tokens are programmed to go live on Baby Doge Swap in the next few hours, while others will be launched later this week. According to Unicrypt Network, none of the eight projects have been audited. This means there is a tendency for some of the projects may have bugs that bad actors could exploit or the projects themselves can be scam.
All tokens are built on BNB Chain, a public permissionless network. The BNB Chain is designed so that anyone can launch a token on the network.
Baby Doge Swap Feats
As reported, Baby Doge Swap was launched on October 6, 2022. Less than a month after going live, the decentralized exchange has continued to record mind-boggling feats. The Total Value Locked (TVL) on Baby Doge Swap surpassed $18 million in four days after the DEX went live. At the moment, Baby Doge Swap’s TVL is worth $28 million.
Users have completed a total of 210 trades in the last 24 hours. The number of trades on the DEX is expected to skyrocket when new tokens are listed. Baby Doge Coin said it would use a portion of the DEX’s trading fees to buy and burn BabyDoge.