{"id":25145,"date":"2022-08-06T19:27:07","date_gmt":"2022-08-06T19:27:07","guid":{"rendered":"http:\/\/egrowonline.com\/?p=25145"},"modified":"2022-08-06T19:27:07","modified_gmt":"2022-08-06T19:27:07","slug":"a-look-at-baby-doge-coins-recent-deflationary-metrics","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=25145","title":{"rendered":"A Look at Baby Doge Coin’s Recent Deflationary Metrics"},"content":{"rendered":"


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As Baby Doge Coin destroys 198 Quadrillion BabyDoge tokens out of its total supply of 420 Quadrillion, the token records a growth in price.<\/p>\n

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198 Quadrillion Baby Doge Tokens Burned<\/strong><\/h2>\n

Baby Doge Coin<\/a><\/u>, the hyper-deflationary token built around the popular meme token, DOGE has burned a significant portion of BabyDoge tokens in circulation since launch, data from BscScan<\/a><\/u> revealed.<\/p>\n

According to the project\u2019s whitepaper<\/a><\/u>, the total supply of the meme token is 420 Quadrillion. Baby Doge Coin stated in a recent tweet<\/a><\/u> that, so far, 198 Quadrillion BabyDoge tokens have been burnt. This represents 47% of the total supply of the meme token.<\/p>\n

Token burn results in deflation, meaning a decrease in the number of tokens in circulation. Deflationary tokenomics often result in price appreciation. What impact has the burning of BabyDoge had on its price?<\/p>\n

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Price Performance Since Launch<\/strong><\/h2>\n

Upon launch, according to data from CoinGecko<\/a><\/u>, the BabyDoge token traded at $0.000000000175. A year later it is changing hands at $0.000000001282, a price appreciation of over 600%. The meme coin is currently held in 1,595,781 addresses<\/a><\/u>.<\/p>\n

With a market capitalization of $159,644,138, the BabyDoge token is currently ranked number 236 on CoinMarketCap<\/a><\/u>.<\/p>\n

What is Baby Doge Coin:<\/strong><\/h2>\n

Baby Doge Coin is claimed to be the ‘son’ of popular meme token, DOGE. Baby Doge Coin has a hyper-deflationary emissions model that progressively increases its scarcity. The project team hopes to ride the momentum of its \u2018father\u2019 coin but with faster transactions and enhanced cuteness.<\/p>\n

The Baby Doge Coin project looks out for the welfare of dogs and is actively reaching out to dog shelters & organizations that benefit dogs. Helping rescue as many dogs as possible is its goal.<\/p>\n

To learn more about Baby Doge Coin, visit these official links:<\/p>\n

Website<\/a><\/u> | Twitter<\/a><\/u> | Telegram<\/a><\/u> | Reddit<\/a><\/u><\/p>\n

Don\u2019t forget to download the BSC News<\/a><\/u> mobile application on iOS<\/a><\/u> and Android<\/a><\/u> to keep up with all the latest news for BNB Chain and crypto!<\/strong><\/p>\n

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If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials<\/a><\/u>, Cryptonomics Explainers<\/a><\/u>, and Trading Tool Kits<\/a><\/u> from BSC News<\/a><\/u>.<\/strong><\/p>\n

Check out the Web3Wire Linktree<\/a><\/u> to keep up with all relevant Web3 and Crypto!<\/strong><\/p>\n

Looking for a job in crypto? Check out the CryptoJobsNow<\/a><\/u>!<\/strong><\/p>\n

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<\/figure>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

As Baby Doge Coin destroys 198 Quadrillion BabyDoge tokens out of its total supply of 420 Quadrillion, the token records a growth in price. 198 Quadrillion Baby Doge Tokens Burned Baby Doge Coin, the hyper-deflationary token built around the popular meme token, DOGE has burned a significant portion of BabyDoge tokens in circulation since launch, […]<\/p>\n","protected":false},"author":1,"featured_media":25146,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[46],"tags":[1172,166,10273,291,1373],"class_list":["post-25145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-baby","tag-coins","tag-deflationary","tag-doge","tag-metrics"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/08\/62ee8c7a7bd4fe3c5a1f167c_babydogeburn1_4274332c23b843c55a9f6930c1608a3a_2000.jpeg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/25145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25145"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/25145\/revisions"}],"predecessor-version":[{"id":25147,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/25145\/revisions\/25147"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/25146"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25145"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}