BabyDoge Community Plans to Burn 50 Quadrillion Tokens with 6 Quadrillion Already Burned in Just 2 Days
BabyDoge is a famous meme coin that gained huge publicity in the last year thanks to Elon Musk’s viral tweets and the extremely active involvement of its fans and holders. Previously, its amount of tokens was 420 quadrillion, but thanks to the mechanism of burning during the year, it was feasible to almost halve this number, and now this figure is equal to 232 quadrillions.
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Lately, the burning rating has not been much, but, the BabyDoge team, with the advice of the community, decided to step up the pace and successfully burned 6 quadrillion tokens in the first two days of June. Perhaps we can consider it a gift for BabyDoge’s first birthday.
Although, a vote was initiated to burn another 50 quadrillion tokens. At present, the leading option in the voting is to burn all 50 quadrillion BabyDoge at once, while the less famous option was to do it gradually over two months. Voting will continue until June 28th, and if you are a proud BabyDoge holder, you can make your contribution to the community.
At the same time, it should be confirmed that the vote to burn 50 quadrillions applies to BabyDoge on the Ethereum, network. No one points out whether there will be similar actions on the project’s main network, BSC.
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What is the point of burning?
Burning is the most common and perhaps one of the most effective ways to increase both the price per token and overall market capitalization. This tool is used both by meme projects like Shiba Inu and BabyDoge and serious crypto tech players like polygon, which also successfully released its MATIC token burning not long ago.
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