Today i wanted to take a quick look at the baby doge coin tokenomics, and why i think this may be the next x1000 coin.
First of all i would like to state i generally do not promote meme coins, or coins in general. Usually what i would write about is different bitcoin affiliate systems and different ways of earning money online.
Although when taking a look at baby doge coin, i see something interesting here and thought i would share with everyone.
Baby doge coin is a Binance smart chain based token and was launched in June of 2021. It's a new project that currently has over 800,000 holders and has quickly become one of the most popular meme coins on the market.
But what makes baby doge coin different than all of the other meme coins?
Baby doge coin is a deflationary token, with the supply starting off at a whopping 420 trillion.
Each transaction on-chain costs 10% of the total amount sent, so for example if you send 1 billion coins, it will cost you 100 million coins.
5% of each transaction is burnt, and the other 5% of the coins are shared among token holders.
This means, the supply of baby doge coin will continue to go down over time, while at the same time the amount of coins you hold will also continue to increase.
A large percentage of the trades are done on-chain in decentralized exchanges such as Pancake swap, which means massive amounts of baby doge coin are burnt each day. When looking at my meta mask wallet, i can actually see millions of new coins going into my wallet every day, automatically.
This means the supply of baby doge coin continues to go down as my holdings continue to increase. If this pattern continues for the next few years, i feel it would be inevitable for the price of baby doge to continue to rise.
This is the first time i have come across a token with the ability to automatically pay profits to token holders, and this is why i feel this project may be the next x1000 coin.
Disclaimer - I hold baby doge coin, and have a vested interest in seeing the value of this coin rise. Please never invest money you can't afford to lose, and please do your own research on this project before buying baby doge coin.
Learn more - https://babydogecoin.com
My list of money making links - https://moneylinks.me
Twitter - https://twitter.com/HowtoearnBTC
Youtube - https://youtube.com/earneybitcoin
Airdrops in my telegram channel - https://t.me/earneydrops