On June 2, BabyDoge the famous memecoin tweets about their plans to burn 50 quadrillion tokens on its birthday. The memecoin has received a lot of attention in the past year as a result of Elon Musk’s viral tweets and the incredibly active participation of its followers and holders. Initially, there were 420 quadrillion tokens, but owing to the process of burning over the year, this quantity was almost half, and it is now equivalent to 232 quadrillion.
The burning rating has been low recently, but the BabyDoge team apparently decided to pick up the pace with the help of the community and successfully burnt 6 quadrillion tokens in the first two days of June. Perhaps we can think of it as a present for BabyDoge’s first birthday.
Additionally, a vote to burn another 50 quadrillion tokens was initiated. At present, the most popular voting choice is to destroy all 50 quadrillion BabyDoge at once, while the least popular alternative is to do it gradually over two months. Voting will be open through June 28th, and if you are a proud BabyDoge owner, you may contribute to the community.
Simultaneously, it should be noted that the vote to burn 50 quadrillion applies to BabyDoge on the Ethereum network. No one has said if comparable steps would be taken on the project’s primary network, BSC.
Burning is the most common and maybe one of the most successful methods of increasing the price per token as well as the total market capitalization. This technique is utilised by both meme initiatives like Shiba Inu and BabyDoge, as well as major crypto tech firms like Polygon, who just unveiled their MATIC token burning.
