Binance Smart Chain-based Baby Doge (BABYDOGE), a cryptocurrency rival to other cryptocurrencies such as the London Stock Exchange Group’s cryptocurrency exchange AAX powered by LSDEG Technology, Dogecoin (DOGE) and Shiba Inu (SHIB) ) announced that he was ready to list. Cryptocoin. com we share the details with you…
AAX lists DOGE rival BABYDOGE
According to an announcement by the exchange, deposits for BABYDOGE started on 17 November at 12:00 CEST, while withdrawals will open on 18 November. Trading on the platform will begin on November 19. The cryptocurrency will only be traded against Tether’s USDT stablecoin, and due to the current 8 decimal places limit on AAX’s price display, users will see BABYDOGE equivalent to 1.00 BABYDOGE token.
Baby Doge is a cryptocurrency created by fans of the Dogecoin online community who “want to impress his dad by showing off his newly improved transaction speeds and cuteness”. It was launched with a mission to save as many dogs as possible and earlier this year saw its first price hike since its appearance in NASCAR.
Cryptocurrency is “hyper-deflationary” as it is designed to become scarcer over time. Since Baby Doge holders have a 10 percent stake in every transaction on its network, 5 percent of it is distributed among token holders and half is added to its liquidity; they automatically get more tokens. According to its Twitter account, BabyDoge has more than 920,00 token holders. The cryptocurrency will launch its Ethereum bridge later this week, which will allow users to exchange assets with the Ethereum blockchain.