Hot Dog! Baby Doge Coin Gives Another Sneak Peek of Burn Portal

New DEX Feature to Lower Fees

The Baby Doge team gave the community a sneak preview of its upcoming burn portal, showing an image of a detailed dashboard where users can track how many $BABYDOGE tokens they’ve sent to the ovens, and how much in swap fees they’ve saved.

As the newest feature to the Baby Doge Swap Decentralized Exchange (DEX), burning $BABYDOGE lets users buy more tokens with lower buy fees.

Removing tokens from circulation via a burn mechanism is a popular way for Decentralized Finance (DeFi) projects to combat inflation and sell pressures on their native tokens.

Baby Doge Swap continues to gain traction on BNB Chain, with its Total Value Locked (TVL) growing steadily since the platform’s launch in October 2022, according to DefiLlama. In the past month, Baby Doge Swap’s TVL has increased by 19% and now stands at nearly $38 million.

The DEX’s trading volume has also grown by nearly 90% in the past week.

What is Baby Doge Swap:

Baby Doge Swap is the acclaimed “son” of the popular meme token, DOGE. Baby Doge Swap started out as Baby Doge Coin and is a hyper-deflationary system that progressively increases its scarcity and increases its liquidity. The project is now a fully Decentralized Exchange with swaps, liquidity pools, yield farming, and more. Baby Doge considers its primary utility as building a fun meme community to spread awareness of animal adoption.

Where to find Baby Doge Coin:

Website | Twitter | Telegram | Reddit | Swap |