• The BabyDoge team has completed the development of its much-anticipated burn portal.
• The burn portal will allow users to buy BabyDoge tokens at a discounted price when they burn the Coin.
• The BabyDoge team has already burned more than 4.7 trillion tokens in one day during its ongoing burn campaign.
The BabyDoge team has announced the completion of the much-anticipated burn portal. Following the completion of the BabyDoge burn portal, the team said it would soon announce the launch date for the protocol.
The burn portal will allow users to buy BabyDoge tokens at a discounted price when they burn the Coin via the protocol. This will incentivize users to contribute directly to the crypto project’s ongoing burn campaign. In a January 12 tweet, the canine-themed cryptocurrency project said the burn portal would allow users to buy BabyDoge tokens at a discounted price when they burn the Coin via the protocol.
The BabyDoge team has been planning to develop a burn portal in order to allow users to contribute directly to the crypto project’s ongoing burn campaign. Baby Doge team in November 2022 asked the community to suggest ways to incentivize users to burn tokens via a burn portal. BabyDoge also suggested it could reward users with Non-fungible tokens (NFTs) for burning tokens through the protocol.
The team has made significant progress toward reducing BabyDoge’s total supply from its initial 420 quadrillions. Last month, the BabyDoge community burned more than 4.7 trillion tokens in one day. Similarly, a total of 5.5 trillion BabyDoge tokens have been burned to date. The BabyDoge team is confident that the burn portal will help further reduce the token’s supply, leading to an increase in its price.
In addition, the team is also working on other features such as a decentralized exchange (DEX) and a liquidity pool for BabyDoge. The team is also exploring ways to integrate the token with other blockchains and increase its liquidity.
The completion of the burn portal marks a major milestone for the BabyDoge project and is a testament to the team’s dedication and hard work. The launch of the burn portal is just the beginning and the team is expected to continue to develop new features and protocols in order to increase the value and use cases of BabyDoge.