Baby Doge Coin

Halal Rating :
Comfortable
Last Price $0.0000000025 Last updated:
Rank 171
1D Change -4.14 %
Market Cap $415.16m
Circulating supply 163,712,312,305,876,100
Maximum supply None
Crypto Overview Crypto Impact

Crypto Overview

Categories
  • Marketing
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  • Marketplace
  • Media
  • Philanthropy
  • Services
  • Collectibles & NFTs
  • Loyalty
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  • Decentralized Exchange (DEX) Token
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  • Ethereum Ecosystem
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  • Generative AI
  • Tap To Earn (T2E)

Purpose and Utility

Baby Doge Coin was launched in June 2021 as a community-driven token on the Binance Smart Chain. The project claims to improve upon Dogecoin's tokenomics by offering faster transactions and a deflationary mechanism through token burns. The token includes automatic rewards for holders and claims to support dog rescue charities.

Business Model

The project operates through a reflection mechanism where 5% of each transaction is redistributed to holders and 5% is sent to the liquidity pool. Additionally, the project has developed a decentralized exchange (Baby Doge Swap), NFT marketplace, and mobile wallet. A portion of transaction fees is allocated to charitable donations for animal welfare.

Real-World Adoption

Baby Doge has established partnerships with various animal shelters and rescue organizations. The project reports over 1.6 million holders as of 2024. The Baby Doge Swap platform processes regular trading volume, though significantly lower than major DEXes.

Platform Development

The development team maintains regular updates to their ecosystem, including improvements to their swap platform and wallet. The project has expanded beyond just being a meme token by implementing practical utilities like their DEX and NFT marketplace.

Token Distribution

The initial token supply was 420 quadrillion tokens, with regular burns reducing this number over time. A significant portion of tokens are held in liquidity pools and the burn wallet. The team's holdings are publicly visible through blockchain explorers.

Crypto Impact

To assign a comfort level investing in Baby Doge Coin from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Baby Doge Coin.

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