As promised, Baby DogeCoin (BabyDoge) has successfully burned 50 quadrillion tokens, totalling $88,500,000 ($88.50M), removing them permanently from circulation.
This significant burn occurred just after the community suggested burning 50 quadrillions BabyDoge on the Ethereum chain.
On June 2, 2022, the project’s first birthday, the team released the proposal for a community burn.
Baby DogeCoin (BabyDoge), a competitor of Shiba Inu, burns 50 quadrillion Baby Doge Coins from its supply on the Ethereum chain in a single massive transaction. On Etherscan, the transaction can be viewed.
Read also: Community Burns 4.55 Billion Shiba Inu tokens in June And 219 Million SHIB in 24 Hours
According to Baby Doge Coin, they are also commemorating the day one year ago that Elon Musk tweeted about BabyDoge. This burn transaction is the largest burn for any coin or token in the cryptocurrency world.
BabyDoge has been burning quadrillion tokens every month since the beginning of the New Year 2022. Burning 50 quadrillion coins at once would be a historic first for the meme coin community.
In the past six months, BabyDoge sent a staggering 24 quadrillion canine-themed meme tokens, totalling more than $66.2 million, to the dead wallet.
The total supply of the digital currency BABYDOGE is enormous. The cryptocurrency launched last year has a 420 quadrillion coin total supply and a 159.2 quadrillion token circulating supply.
BabyDoge Swap To Launch Soon
Baby DogeCoin has confirmed that they will soon launch their decentralized BabyDoge Swap, following Shiba Inu’s footsteps (SHIB). The Team requests partnerships with BSC tokens.
Related article: Babydoge Questions Shiba Inu Founders as CoinmarketCap Unverifies Their Supply After Verifying
The team claims that BabyDoge Swap will be the first ever swap in a decentralized setting to provide communities with the lowest fees possible, as low as 0%.
Additionally, through the upcoming BabyDoge Swap, the BSC token projects would be able to add staking and liquidity mining to their projects on a self-serve interface.