What is babydoge coin (babydoge)?

Baby Doge Coin (BabyDoge) is a separate cryptocurrency from Dogecoin (DOGE). The DOGE meme coin gave birth to the BabyDoge meme coin, metaphorically speaking. BabyDoge has a market cap of around $564 million, whereas DOGE has a market cap of about $27 billion. Doge was created in 2014 while BabyDoge was created in 2021.

What makes babydoge unique?

A few things that make BabyDoge unique are its commitments to coin scarcity and a pet charity. The crypto currency accomplishes this through coin burning and donating some coins to save dogs. Baby Doge Coin’s developers maintain a charity wallet with 2.2% of the total supply of coins, which they claim that they donate to dog rescues and shelters.

What is baby Doge and how does it work?

More specifically, it is a hyper-deflationary altcoin with an integrated smart staking system built into the ecosystem so more BabyDoge are being added to each user’s wallet. This means that holders automatically receive a 5% fee from every transaction that occurs on the Baby Doge network.

Does baby Doge compare to Dogecoin?

Some have made the argument that baby doge compares favorably to dogecoin in that dogecoin has no cap on its coin supply. However, a coin with no practical utility and a cap of 420 quadrillion coins can hardly be considered scarce — even after nearly half have been burned.