Baby Doge Coin
Launching on June 1st 2021, Baby Doge Coin is indeed a “baby” in the world of cryptocurrencies. So far, Baby Doge Coin has been associated with Dogecoin a lot. According to the official Baby Doge Coin website, Baby Doge is the rightful “child” of Dogecoin that seeks to provide new and improved transaction speeds that Dogecoin could not. They express this by stating that BabyDoge has garnered lessons and tricks from his meme father and predecessor, the Dogecoin. With that said, let’s take a deep dive into this token, uncovering what is BabyDoge, its differences with other famous meme coins in circulation today and, of course, let’s see how you can make a BabyDoge swap instantly and without hidden fees.
BabyDoge is a meme-crypto that aims at improving on the shortcomings of its predecessor, Dogecoin. It does so by increasing transaction speeds and adding more deflationary features that reward users of the coin. For every transaction that occurs, users are awarded a percentage of each transaction which gets automatically sent to each BabyDoge wallet in existence.
It encourages more users to hold the coin rather than spend it. Therefore, making it a “hyper-deflationary” cryptocurrency. This is because as more and more people hold it over time, it will become more valuable and scarce. What makes BabyDoge unique is the fact that it focuses on increasing its value for the user while simultaneously donating some of the currency to saving dogs. For instance, on June 24th, BabyDoge announced that it has donated $75,000 to a non-profit organization known as PawsWithCause.
BabyDoge is referred to as the “world’s best community coin” as it was created by fans and members of the Dogecoin community. Less than a year old, the cryptocurrency has amassed major support from fans all over the world quickly. One major supporter of BabyDoge is Tesla’s very own CEO, Elon Musk. Thanks to his tweets, BabyDoge’s price went up by over 1,000% two weeks after launch. By the time it hit week three, it had accumulated a market cap of $200 million. By week four, it has amassed over 160,000 holders.
Now that we’ve answered the question “What is BabyDoge?”, let’s take a look at some of the key features of Baby Doge Coin include:
As reiterated earlier, Baby Doge Coin is a deflationary token. Therefore, it’s designed to become more scarce as time goes on. All BabyDoge holders will receive more BabyDoge tokens into their wallets by simply holding on to BabyDoge. All holders automatically receive a 5% fee from every transaction on the network.
Over 29% of the Baby Doge Coin supply has been burned. That means out of the 5% that’s redistributed throughout the network, 29% of it is distributed to the dead wallet. Therefore, coins are been burned with every transaction.
Baby Doge has a designated charity wallet that receives redistributions which they use to support their charity partners. One perfect example is PawsWithCause.
A coming soon item that the community is waiting for so eagerly. Buy, send, exchange crypto and text BabyDoge to anyone using the TextBit technology!
|Block Time||Less than 5 seconds||Less than a minute|
Although BabyDoge and Dogecoin share a name, that’s just about it when it comes to similarities. The differences include:
|Baby Doge||Shiba Inu|
|Block Time||Less than 5 seconds||About 10 to 15 seconds|
Both the BabyDoge and the Shiba Inu have been promoted on Twitter by Tesla CEO Elon Musk. Thanks to his promotions, both coins have gained some significant popularity in the crypto community and experienced a substantial price rise. Some of the differences between Baby Doge and Shiba Inu include:
|Baby Doge||Kishu Inu|
|Block Time||Less than 5 seconds||Unknown|
Both the Baby Doge and the Kishu Inu are meme tokens that have little to no use cases or value. Both are worth mere cents. Some of the notable differences between the two include:
Unlike the Kishu Inu, BabyDoge is committed to helping save the lives of dogs. While the Kishu Inu does support charities, it doesn’t specifically support dog charities. BabyDoge has a 5% redistribution reward system while Kishu Inu has a 2% redistribution reward system.
You can get BABYDOGE for a number of cryptocurrencies. Below are the steps you can follow to convert any crypto to BabyDoge on Swapzone at the best exchange rate.
An exchange rate is the rate at which one cryptocurrency can be exchanged for another through a certain crypto exchange provider. Cryptocurrency exchange rates on Swapzone reflect current prices of crypto assets and are updated every 30 seconds for you to keep track of any market changes and fluctuations to profit when buying the dip or going with the best exchange rate and the lowest exchange fees. All cryptocurrency exchange providers have their own rates, which depends on supply and demand, mining rewards, costs and so on. See what else might affect the rate in our article on prices.
There are two types of exchange rates aggregated by Swapzone – fixed rates and floating rates. To receive the exact amount of crypto that is displayed at the beginning of the exchange and shield yourself against the market's volatility, opt for fixed-rate offers. If you're ready to take a risk and receive less or more than the sum displayed, go with floating-rate offers but bear in mind that floating rates may drastically change any second. You can refresh your memory on how to get the best exchange rate here.
Crypto transaction fees may vary depending on the network (Ethereum transaction fees tend to spike during the congestion on the network), your chosen cryptocurrency, an instant exchange provider as well as its transaction processing speed and internal policy. These fees may be relatively low but it’s crucial to know they may be imposed in the first place.
If you want to exchange cryptocurrency with the lowest fees, beware of the offers with a grey-colored “Transaction fees are not included” label displayed under the exchange rate. To avoid having to pay an unexpected amount of fees during the exchange, opt for those that do not have that label. Read our articles to learn more about how to exchange cryptocurrency with the lowest fees and find out which assets have the lowest transaction fees.
Transactions usually take from 5 to 30 minutes to be processed, especially if you choose currencies with speedy networks. However, there are several factors that may affect and slow down the exchange process, i.e. transaction volume, blockchain capacity, network updates, cryptocurrency itself and the capacity or chosen exchange platforms.
The processing may take longer due to the large transaction volume, congestion of the network, blockchain overload and market overload, technical issues or system failures, lack of liquidity or network maintenance.
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To exchange, buy, sell or trade cryptocurrency and store your crypto keys safely and securely, you need a crypto wallet. Choosing the best cryptocurrency wallet is a question of preference and need. To learn more, read our guide on how to choose the best cryptocurrency wallet for your needs.
There are several types of wallets for different crypto assets and tasks. Software wallets, or hot storage wallets, are connected to the Internet and come in many forms: Web, Desktop, Mobile or Browser Extensions. If you want to build a large crypto portfolio, you might want to look at multi currency wallets like Exodus, MetaMask, TrustWallet, Atomic or Guarda. If a coin or a token of your choice isn’t available there, you can always opt for a single-currency wallet that is usually designed by the project that launched the asset.
If you take safety and security matters seriously, go for hardware wallets, or cold storage wallets, like Ledger or Trezor, or even paper wallets. We strongly recommend you to do your research before creating a wallet: read the reviews to see what the community thinks, learn about the fees a particular wallet imposes for performing transactions, check out supported currencies and networks and see its security policy.
There are loads of different crypto exchange services, with new platforms emerging every month. Exchange providers differ by supported currencies, liquidity providers, fees, customer support, user interface, level of privacy and anonymity and customer support, which makes it hard for beginners to understand which one to choose. To learn more about what these exchanges offer and how you can assess them, read our guide on how to choose the best exchange platform.
To navigate them through the field full of services, we conduct research and thorough analysis of the market & list both prominent and promising exchange providers, keeping in touch with their teams 24/7. We give you all the necessary data on the offers they provide as well as their brief history, KYC/AML policies, reliability and advantages, while also indicating their downsides so that you don’t have to do that yourself.
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Learn how to exchange cryptocurrency with the lowest fees or zero fees as well as how to find the best crypto exchange rates and choose the safest cryptocurrency exchange provider.