BabyDoge Becomes Entirely Community-Driven As It Renounces Token Contracts On Ethereum, BNB Chain

Author: Nidhi Kolhapur

Nidhi Kolhapur

Author

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Aug 26, 2024 18:00

In a major step towards decentralization, BabyDoge has officially renounced ownership of its token contracts on both the Ethereum network and BNB Chain. This means that no single entity, including the development team, can make changes or updates to the contracts. Through this move, BabyDoge becomes entirely community-driven. All important decisions will now require collective input from token holders, reinforcing the principle of decentralization. Despite the major shift, the BabyDoge team has assured users that no migration is necessary. Key features like token burns will remain fully functional.