Cryptocurrency Q&A How much baby doge has been burned?

How much baby doge has been burned?

DondaejiDelightfulCharmingSmile DondaejiDelightfulCharmingSmile Sun Aug 25 2024 | 6 answers 1029
Could you please elaborate on the specifics of the "baby doge" you're referring to? Is it a specific cryptocurrency or a token within a larger blockchain ecosystem? Assuming it's a cryptocurrency or token that utilizes a burning mechanism, the question "How much baby Doge has been burned?" seeks to understand the amount of the digital asset that has been permanently removed from circulation. Burning tokens is often done to reduce the total supply, which can theoretically increase the value of the remaining tokens by making them scarcer. Therefore, the answer would depend on the blockchain's transaction history and any official announcements made by the project's developers or team. Could you please provide more context or clarification on the nature of "baby doge" to better address your question? How much baby doge has been burned?

6 answers

Elena Elena Tue Aug 27 2024
Since the inception of the burn portal on February 13th, 2023, an impressive amount of Baby Doge tokens have been permanently removed from circulation.

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Margherita Margherita Tue Aug 27 2024
Specifically, over 204 quadrillion (204,922,132,541,167,936) BABYDOGE tokens, constituting 48.79% of the total supply, have been burned.

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Chiara Chiara Mon Aug 26 2024
This significant reduction in the total supply has implications for the Baby Doge ecosystem, as it decreases the overall availability of the token in the market.

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Federico Federico Mon Aug 26 2024
The total supply of BABYDOGE tokens was originally set at 420 quadrillion (420,000,000,000,000,000). With the burn portal in action, the remaining supply has dwindled to just 204 quadrillion tokens.

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AzrilTaufani AzrilTaufani Mon Aug 26 2024
The decision to burn tokens is often made by projects to create scarcity and drive up the value of the remaining tokens. By reducing the supply, demand for BABYDOGE tokens may increase, potentially leading to price appreciation.

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