The Baby Doge Coin is a crypto that emerged in 2021, boasting a generous supply of 420 quadrillion coins. It aims to bring harmony to digital communities, bringing humor to the crypto world. At its emergence, one coin traded for as low as $0.000000000175!

The exciting part of this token is how it works: 10% transaction fee, of which 5% goes to all token holders proportionally, while the remaining 5% goes to market liquidity. Holders get a small kickback for every transaction. The model is not as competitive, perhaps, as some other tokens launched in early 2021.

Where to Buy 

You can buy it on centralized cryptocurrency exchanges. Binance is the most popular one.

What Was the Reason Behind Baby Doge Coin's Creation?

The token exploded in popularity on June 1, 2021. All the creators of this virtual currency have opted to remain anonymous, giving it a sort of under-the-radar flair that makes the project appealing in itself. Whimsical origins aside, the token is turning out to be a favorite among many crypto enthusiasts.

This mammoth amount of 180 quadrillion tokens has been officially retired, which is an astonishing 43% of the total supply of tokens. The architects of this plan ritually have Baby Doge Сoin burn once a month as part of a strategic supply-side intervention intended to artificially fuel demand. To what extent this has actually reflected in market prices is not very clear, and therefore provides no certain guarantee of continued price increases.

What is the Working Game Plan?

Deep within its mechanics, Baby Doge Coin stands as a virtual currency that works on the Binance Smart Chain as a BEP-20 token with great speed and efficiency. This simply relates to users enjoying minimal fees and lightning-fast transactions for an incredible five seconds-very impressive, if you will.

It gets even more interesting when you consider that for each transaction, there's a fee of 10%, and all holders of the Baby Doge Coin get 5% as a fat reward. This means that by the mere virtue of being in the community with some of these tokens, you're about to make some passive returns.

This redirects only a small fraction, 5%, to the ever-thriving Baby Doge Coin, which then gets converted seamlessly and instantly into the prestigious Binance Coin. It then goes on to contribute to the thriving BABYDOGE/BNB liquidity pool on PancakeSwap, making sure that all transactions involving Baby Doge Coin and Binance Coin are carried out smoothly. Pretty cool, right?

Generous Contributions

Now, let's start with the altruistic efforts! Since its very foundation, this digital asset has consistently been in partnership with various top-tier animal welfare organizations.

As recently as 2021, the incredible amount of $100,000 was given to further the great works of the Best Friends Animal Society. All summer long, they have been a powerful force of kindness and generosity, making many generous donations from the heart. A very generous donation was also made well in excess of $20,000 to provide much-needed support in recognition of Furkids' worthy mission.

But that is not all: the founders have tried their hand at sports. In July 2021, they partnered with NASCAR racer Brandon Brown. More recently, the company partnered with the leading football club TSG Hoffenheim to give its loyal supporters some special NFTs.

Passive Income with the Baby Doge Coin

That's one of the main benefits of owning cryptocurrency. You just need to hold on to your stake in Baby Doge Coin and receive a small reward coming from transaction fees. Thus, with more quantity, the heavier your virtual wallet gets. Remember, all of your profits will be in Baby Doge tokens. If the valuation drops, your passive earnings may go down.Considering all this, it's a pretty good way of getting passive income while supporting a great cause.

New Risks Arise

As it so happened, just a few months prior to Baby Doge Coin's launch in May 2021, another similarly-named digital currency cropped up. Going by the name Kabosu, this token describes itself as the "Supreme Overlord of Doge."

Much like its brother, Kabosu charges a 10% transaction fee for every trade. It does this to distribute accruals between the token holders and the liquidity pool. Besides the financial front, Kabosu has also been quite active on the support front for several charity causes related to animals. One such organization is known as Paws with a Cause; it is associated with Baby Doge Coin and Kabosu.

Although it seems like the random marriage of two digital currencies, their shared history would suggest that there is some connection between these cryptocurrencies and the individuals behind their creation. The existence of a project with a similar name raises some serious questions regarding the legitimacy of Baby Doge Coin, as such coins bring absolutely no value and are likely to be created in anticipation of viral success. Rethink Investing in Baby Doge Coin!

Is It Worth Your Investment?

Ever thought about adding this coin to your investment portfolio? Think twice. While this cryptocurrency may flash brilliance from time to time, questions regarding Baby Doge Coin future in the long term have been asked several times. Here's why:

First, there is a lack of clear competitive edges or a value proposition. Also, when reviewing the website and information on the project, one can note several typos and grammatical errors; something that surely undermines the credibility of any project. Another important factor that should be considered is the strategic roadmap ahead.

Most of such coins are focused on lining the pockets of the creators rather than the investors. Be sure you do not get caught up in someone's scheme for getting rich quickly before plunking your hard-earned cash into an asset. Better safe than sorry!