Baby Doge, a cryptocurrency created “by fans of the Doge Coin online community” that “seeks to impress his father by showing his new improved transaction speeds & adorableness” has launched a long-awaited non-fungible token (NFT) collection.
The project’s NFTs have first launched for whitelisted users to mint them, before the public mint. The whitelisted mint went live on April 20 (4/20) at 4:20 PM EST to celebrate the day, with each whitelisted user being allowed to mint a maximum of three BabyDoge NFTs.
BabyDoge’s NFT collection is made up 10,000 unique Baby Doges generated through the use of 200 potential traits that include their eyes, headwear, their clothing, and more. Each token is stored as an ERC-721 token on the Ethereum blockchain and hosted via the Interplanetary File System (IPFS).
The NFT collection’s launch was seemingly successful as shortly after Baby Dogecoin was trending on the microblogging platform Twitter.
The cryptocurrency itself is “hyper-deflationary” as it is designed to become more scarce over time. Baby Doge holders receive more tokens automatically as every transaction on its network incurs a 10%, out of which 5% are distributed among token holders, and half are added to its liquidity.
It’s worth noting that $BABYDOGE’s supply started at 420 quadrillion tokens, and over 125 quadrillion have been burned so far. It’s only available to trade on the decentralized exchange PancakeSwap.
The cryptocurrency was launched June 1 on the Binance Smart Chain with a mission to save as many dogs as possible, according to its website.
BABYDOGE, as CryptoGlobe reported, saw its price jump last year ahead of a NASCAR debut. The cryptocurrency’s NASCAR debut was on July 10, with BABYDOGE’s branding featured on driver Brandon Brown’s No. 68 Chevrolet Camaro.
Earlier this year, supporters of the meme-inspired cryptocurrency rallied to get the token listed on leading cryptocurrency exchange Binance through a campaign the trading platform launched where it asked users to make wishes in a bid to make some of them come true. Binance hasn’t yet listed it.
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