Project Baby Doge, Popular Coin Meme!

Since Dogecoin emerged as a meme token in 2013, many tokens have followed Dogecoin's footsteps, one of which is the Baby Doge project.

Baby Doge Coin got a pretty drastic price jump of 1,050 percent during the first two weeks of release on June 1, 2021.

This time, VCGamers will discuss the Baby Doge project as a meme token, mainnet which has been released namely BabyDoge Swap mainnet, and the difference with Dogecoin.

Also Read: Comparison Between Shiba Inu Vs Doge Coin

Get to know Token Baby Doge

In simple terms, Baby Doge Coin or BABYDOGE is a meme token that was released in early June 2021 by someone who loves Dogecoin.

Having a similar name to Dogecoin, this token has no utility or technical underlying technology of Baby Doge Coin.

Baby Doge Coin has a fairly high deflation rate with the system staking already integrated.

The staking system is a system that provides rewards, gifts or rewards to BABYDOGE holders or investors when every transaction occurs on the network.

The focus of BABYDOGE is to become a charity and that focus is the main attraction for investors.

There is a mission from BABYDOGE which is to provide assistance to save dogs that need help around the world. The mission is in whitepaper BABYDOGE.

The charity wallet from Baby Doge accounts for 2.2 percent of all supplies. The wallet receives a total of 2.2 percent of the 5 percent trading or transaction fees distributed among holders.

Until now, the BABYDOGE team has contributed funds of more than 75 thousand dollars for Paws With Cause, a charity organization that helps dogs in shelters based in Washington.

So far, the team has donated US$75,000 or equivalent to Rp. 1 billion for Paws With Cause. Paws With Cause is a non-profit organization based in Everett, Washington, that helps dogs at local shelters.

Mainnet BabyDoge Swap

Recently, BabyDoge announced the release of the BabyDoge Swap mainnet on September 20, 2021. This Dogecoin-inspired meme coin has officially launched the Baby Doge project, the BabyDoge Swap mainnet.

Based on the announcement from the Twitter account @BabyDogeCoin on September 20, 2022, the mainnet will be released on October 5, 2022.

Prior to the release of the mainnet, of course, the developer released a Swap testnet in August 2022. There is a possibility for users to do token yielding, staking, and swapping.

Taking inspiration from Dogecoin, of course many are wondering what is the difference between BabyDoge and Dogecoin. Come on, see the discussion below!

Also Read: An Explanation Regarding Margin Call Crypto, Note This!

Differences with Dogecoin

Baby Doge Coin and Dogecoin are both quite popular cryptocurrencies, especially among crypto enthusiasts.

Dogecoin first gained popularity and has long been one of the cryptocurrencies with the highest transaction rates per market capitalization.

Apart from that, Dogecoin is also a sustainable crypto asset and uses a model decentralized. Of course, this decentralized model uses Blockchain technology.

In contrast to Dogecoin, Baby Doge Coin is still very young and unfortunately, this token does not yet have a clear practical use.

To understand the differences between the two tokens further, here is an explanation of how Baby Doge Coin works.

Also Read: The Difference Between Tokens And Coins You Should Know

How Baby Doges Work

Baby Doge Coin has a transaction fee of 10% every time there is a sales transaction. These fees are useful for keeping the Baby Doge network more active and making token holders hold assets longer.

There are 5% transaction fees that will circulate to all Baby Doge token holders. However, of course this number will be in accordance with the number of assets owned by the holder.

Finally, 2.5% will go to the Baby Doge Coin developer and the remaining 2.5% will go to trading a coin that has a function as a liquidity pool.

There is also a system called smart staking which can be an award or reward for Baby Doge token holders.

Thus the discussion about the Baby Doge project.

VCGamers has released a crypto asset under the name $VCG Token which operates on the Ethereum network (ERC 20) and Binance Smart Chain (BEP 20).

$VCG Tokens has been officially registered at Bappebti or the Commodity Futures Trading Supervisory Agency and the Indonesian Ministry of Trade as crypto assets traded on the physical crypto asset market.

Currently, $VCG Token has been listed on various CEXs or Centralized Exchanges and DEXs or Decentralized Exchanges namely Pancakeswap, Uniswap, BitMart and Indodax.

Not only that, $VCG Token is the official currency in the first metaverse in Indonesia, namely RansVerse with the collaboration of VCGamers, RANS Entertainment, Shinta VR, and UpBanx.

Follow along Update $VCG Token only in VC News.