Baby Doge, a well-known crypto in the form of a meme coin, is striving to attain increased security for its users. Last Saturday, the coin revealed its plans to vote for zero transaction fees on its ETH network and a token burn of up to 850 quadrillion tokens. This move has been highly appreciated and well-received in the crypto community, leading the Baby Doge team to provide official proposals to the Decentralized autonomous Organization (DAO).
This initiative is being made in order to provide a seamless and cost-eficient experience to users. With this, the BNB chain will also be further explored and examined, given theETH initiation.
With regards to the token burn, it is expected to take place on the 1st of June, after which, only 850 quadrillion tokens will remain in circulation. The remaining tokens are expected to be released over the ETH network and BNB chain.
In spite of the token burn, Baby Doge recently revealed that the non-circulating supply should not be incorrectly related to the price surge, a statement which has been debated on Twitter. According to CoinMarketCap, Baby Doge is pricing at $0.00000000218 over a trading volume of over $7 million in the last 24 hours. This seems to be bearish with a 1.84% decrease in price change since the previous day.
Regardless, with the team's latest moves to promote security, users can expect Baby Doge to have greater project integrity, efficacy and convenience.
Adele Foster
- 2023-05-13
Baby Doge Increases Project Security with Token Burn and Zero Transaction Fees
Baby Doge, a well-known crypto in the form of a meme coin, is striving to attain increased security for its users. Plans include voting for zero transaction fees on the ETH network and a token burn of up to 850 quadrillion tokens.
