The next update released of the BabyDogeSwap protocol will help to figure out the estimate of the total number of BabyDoge burns.
BabyDoge is a meme coin like Shiba Inu or Dogecoin. That means this token doesn’t have its blockchain network, instead available on Binance Smart Chain (BSC) network & Ethereum network via ERC-20 smart contract. This token can be purchased through Defi protocols like PancakeSwap, Uniswap, and BabyDogeSwap-like exchanges along with some other centralized crypto exchanges. At present, there are more than 300,000 BabyDoge holders.
On 18 November, The official Twitter account of the BabyDoge token announced that devs are working to introduce a new feature in the BabyDogeSwap protocol, which will help to determine the numbers of the BabyDoge that will burn through that particular swap trade.
“New Feature Coming…Each swap on #BabyDogeSwap will estimate how many #BabyDoge will be burned.”
This new feature will also be equally applicable to the other asset trade pairs on the platform.
This initiative is a part of boosting maximising the BabyDoge token burn rate, reducing the billion numbers supply & increase the price of this meme coin more easily.
Earlier this, the team planned to launch an official BabyDoge burn portal to allow the BabyDoge holders to burn their holdings easily.
The BabyDoge community is also planning to bring an NFTs use case to boost the BabyDoge token burn idea. Under the proposed idea, Community will sell NFTs in exchange for the BabyDoge token and the further team will burn that sale funds.
On 19 November, The BabyDoge community completed the burn of 4,078,924,733,000 BABYDOGE tokens. So far the team & community support burned approximately 47.472% of the total supply.