Altcoin News- BabyDoge launches the Burn Portal on the 13th of February.
- The current trading price of the token is $0.000000002074.
BabyDoge, a meme-based token, and its community are exhibiting their true potential for over a month. One lastest update from the platform is the launch of the Burn Portal on the 13th of February. Baby Doge Swap announced the completion of the burn portal development on the 25th of January.
The deflationary token is also holding the top position in the deflation category as per CryptoSlate, at the time of writing. Further, it has gained popularity in the BNB Chain Ecosystem ranking first among top gainers with an 11.5% surge in 24 hrs.
Also, the community is taking action to bring focus to the memecoin by trending hashtags such as #BurnBabyBurn and #BabyDogeArmy. According to CryptEye, the total number of BabyDoge burned accounts to 202 quadrillion coins valuing $410 M.
BabyDoge Burn Portal
On November 2022, the platform gave a gist about the burn portal to its followers. Most cryptocurrencies are employing the burn mechanism to reduce the number of tokens in circulation, that in turn results in a price increase. A dedicated portal’s establishment started during the start of 2023.
The users are promised a lower buy fee for the BabyDoge token if they burn tokens using this specified burn portal. The promotional works are also moving on in full swing with exchange collaborations. Giveaways and rewards are taking place with the support of crypto platforms like BitMart, and MEXC Global.
The price of the token is in increase too for over a month, the current trading price of the token is $0.000000002074, with 120% raise in the last 30 days. The market cap is over $330 million and the 24 hrs trading volume is above $10 million.
Source: https://thenewscrypto.com/babydoge-announces-the-burn-portal-launch-date/