Musk, after bringing Dogecoin, started tweeting about babydoge, a derivative of Dogecoin. It seems to have increased many times now. Let’s take a look at the mechanism and development of babydoge.

What is Baby Doge Coin?

Baby Doge Coin has learned some tricks and lessons from a pattern he inherited from his father, Doge. A new currency born from fans and members of the Doge Coin online community. Baby Doge can beat his dad (Dogecoin) by showing off his super-fast transaction speed and cuteness. It is a super deflationary coin with an integrated smart staking system built in to reward you, so every transaction automatically adds more Puppies to your wallet. Babycoin is a deflationary coin designed to become more scarce over time. All holders of babycoin will earn more babydoge by simply having Doge Baby coins automatically sent from your wallet to your wallet. Watch as the amount of Baby Doge in your wallet grows, all holders are automatically charged a 5% fee from every transaction that occurs on the Baby Doge network. The community earns more Dogecoins from the fees generated by each transaction.

Now that we understand the mechanism of babyDoge, let’s discuss its development. First of all, from a mechanical point of view, as a deflationary currency, the longer you hold it, the more valuable it will be. In the future, 70% of the total supply will be destroyed. The high handling fee of 24% for one entry and one exit can also be a good response to swing players, but dividends The mechanism greatly limits the number of exchanges (especially the second-tier exchanges), but there is news that it will eventually be listed on mainstream exchanges. Everyone has seen the lessons of pig, and the only solution is to put it on Wallet, no coins. Now it seems that only tp wallet can be purchased. If you buy it on the exchange, your coins will not increase. You have to keep them in your wallet to enjoy the right to dividends. However, there are too many novice players who do not know how to use wallets, which is also one of the factors limiting the development of babydoge.

The following is the official reply from babydoge: "Currently we only have 67% of the supply, and 10% will be burned from the marketing wallet within a month, leaving 47%. In the next six months Month, we will automatically burn through transactions, so it is about 18-20%. Now we have 67% supply, which means in six months there will be 30% left. If you sell now, it will be 30% in six months. It's a big loss, if you don't know the reason for selling, don't let the whales manipulate you. Don't look at the chart every second. The whales know how much the project will grow after that, and once you sell, you will need to spend an extra 24% to get it back. Babydoge block speed is 10 times faster than doge, which is why Elon Musk tweeted to us “It is not difficult to see that babydoge is a deflationary currency over time, and its buying and selling mechanism reduces the cost of transactions. get very high. This will deter some people who do swing trading. Next, babydoge will definitely increase marketing. Let’s wait and see whether it will become the next Dogecoin.

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