New Baby Doge Coin (BABYDOGE) Governance Proposals Aim To Unlock Ethereum Liquidity, Revamp Token Burning

Key highlights:

• Baby Doge’s believers have proposed getting its tokens into tip-top shape by constructing a liquidity bridge between Ethereum and BNB Smart Chain.
• Instead of just giving some tokens to marketing and rewards like before, the proposal would throw all the burned tokens right into the fiery flames.
• The third proposal wants to bring back the old staking farm so holders can start farming Baby Doge tokens again.

As Baby Doge Coin continues chugging along in the meme coin realm, its community of supporters has put forth several proposals that aim to breathe new life into the project. By unlocking additional liquidity and tweaking the token’s burning mechanism, these proposals seek to boost BABYDOGE for years to come.

Unleashing cross-chain liquidity

The first proposal on the table aims to establish a bridge between the BNB Smart Chain (BSC) and Ethereum networks. As anyone who’s traversed between chains knows, liquidity plays a key role in a token’s success. This bridge would unlock a whole new pool of potential buyers and sellers by allowing BABYDOGE to roam freely across both BSC and Ethereum.

Getting the bridge set up will no doubt require some technical trickery under the hood. But the benefits could be huge – opening the doors for Baby Doge Coin to play with a wider range of projects and further cementing its spot in the multi-chain Doge family. Only time will tell if builders can successfully construct this important pipeline between environments.

Rekindling the burning desire

The second proposal looks to stoke the burning flames by modifying some key parameters of BABYDOGE’s tokenomics. Currently, 10% of each transaction is allocated to rewards, marketing, and burns. This proposal recommends redirecting the entire 10% to burning tokens – making a much bigger dent in supply with each trade.

Increasing the burn percentage could supercharge price gains by decreasing the circulating supply at a more rapid clip. It’s a bold proposition that would truly test the holder’s passion for pyromania. However, some worry less incentives may dampen trading volume and momentum in the long run. As with all things, balance will be key if this plan is to avoid über-deflation.

Revitalizing the farm

Finally, the third proposal centers around bringing back BABYDOGE’s core farm – a play-to-earn mechanism that currently lies dormant. In its hay-day, the farm was a hotspot for token holders to generate yields by staking their coins. This proposal calls for rebooting farming rewards to revitalize energy around the project. Reopening the farm could pump fresh life into the community. However, questions remain about the sustainability of rewards over the long term.

According to price prediction data from CoinCodex, BABYDOGE could climb over 660% from current levels to hit $0.00000001169 by 2025 under the right market conditions. Analysts say factors like these new proposals strengthening fundamentals raise the chances of reaching the upper end of forecasts over the next bull cycle.