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What is Baby Doge Coin?

Baby doge Coin may be aten week recent cryptocurrency on the Binance sensible Chain. The project has gained quality for its “cuteness” rather than underlying technology. There’s nothing innovative concerning Baby justicetherefore if you’re investment for the technical schoolthis might not be for you.

As a resistance yield farming protocol, anytime a user makes a dealing with Baby doge they’re charged a tenthdealing fee. This fee is decentralized to token holders, and therefore the biggest investors get the biggest portion of those rewards. So, as time goes on, the wealthy get richer, and people at rock bottom of the pyramid create pennies from this “smart staking system”.

1 (and probably the only) factor that’s smart concerning Baby justice is its specialize in charity. Baby justice donates to Paws With a Cause, a charity centered on serving to protected dogs.

Brief History of Baby Doge

Baby doge is an especially new cryptocurrency that operates on the Binance sensible Chain. The team behind Baby doge isn’t shown on its web sitewhich can be a priority for investors WHOwishto grasp the team they’re investment in . However , Baby  magistrate isn’t associate investment , it’s a big gambleconfirm to solely gamble with cash you’re willing to lose.

What’s a lot of, the Baby doge web site outright lies to its investors concerning the capabilities of its competitors, Shiba Inu and Dogecoin. The token boasts a block time of five seconds, whereas claiming that Shiba Inu incorporates a block time of 10-15 days. This couldn’t be farther from the truth: Shiba Inu runs on the Ethereum blockchain, that has a block time that’s systematically underneath fifteen seconds.

How to Buy Baby Doge Coin

  • Open a Binance Account Want to gamble on Baby Doge? Since the token is on the Binance Smart Chain, you’ll need to open a Binance account to get started. While Baby Doge isn’t listed on any centralized exchanges, you can buy it on PancakeSwap, Binance’s DEX. 

    Before using PancakeSwap, you’ll need BNB tokens in your crypto wallet. Follow the steps below to set up your crypto wallet to use PancakeSwap. Once it’s set up, you’ll be ready for the next time Elon Musk tweets about the next up and coming shitcoin.
  • Download Trust Wallet or MetaMask After receiving BNB tokens on Binance, you’ll need to send them to a crypto wallet that can connect to PancakeSwap. The easiest crypto wallet to use with PancakeSwap is MetaMask, as it has a Google Chrome extension that makes it easy to interact with the exchange. 
  • Upon opening MetaMask for the 1st time, it’ll be set to Ethereum Mainnet as default. Since PancakeSwap is on the Binance Smart Chain network, you’ll need to add this network to your MetaMask wallet. To do so, you’ll need to click “custom network” and add this information:
  • Network Name: Binance Smart Chain
  • New RPC URL: https://bsc-dataseed.binance.org/
  • ChainID: 56
  • Symbol: BNB
  • Block Explorer URL: https://bscscan.com

Make Your Purchase Once your wallet is set up, buying crypto on PancakeSwap is a relatively simple process. Go to PancakeSwap.finance and connect your wallet to the website. After your wallet is connected, go to exchange, and then you can buy Baby Doge by swapping your Binance tokens on the platform

Exchanges for Binance Coin (BNB)

As mentioned, you’ll need Binance Coin to use PancakeSwap. The only place to buy Binance Coin is Binance Exchange, so you’ll need to make an account with Binance to get started. Binance is the world’s largest cryptocurrency exchange, so you can rest easy knowing your funds are held securely.

Get Notified

Unlike the stock exchange, the cryptocurrency market doesn’t shut. Crypto trades twenty four hours dailyseven days per weekthree hundred and sixty five days a year. If you don’t wish to perpetually monitor the crypto markets, then you must think about employing Crypto professional. Crypto professional could be a portfolio hunter, and it will send you notifications once there square measure major spikes in volatility. you’ll be able to modify these notifications, thus you’ll solely get notified on value movements that square measure relevant to your portfolio. Plus, the app is totally absolve to use!

Earn Crypto With BlockFi 

BlockFi offers loans while not approval by requiring cryptocurrencies like Bitcoin as collateral. As long as you pay back the loan, you’ll be able to reclaim your crypto. this is oftengood for crypto holders United Nations agencypowerfully believe their token of selectioncan perform well as a result ofthey’ll use the money from the loan whereas still having the exposure they need.

Some BlockFi users use the loan to buya lot of cryptocurrency to leverage their position even a lot ofthoughthis may be risky for volatile assets. Users with lower risk tolerance on BlockFi might instead value more highly tomerely keep their assets in BlockFi’s high interest bearing accounts to earn five-hitter to 100% interest. If any of BlockFi’s services square measure for you, check it out ANgot wind of an account to begin earning!

Is Baby Doge a Good Investment ?

While I don’t know where the price of Baby Doge is headed, it’s by no means a fundamentally good investment. The token is nothing more than a glorified pyramid scheme. This being said, it now has the support of Elon Musk, and if Musk continues to tweet about Baby Doge, then it’s likely the price will continue to rise. If you plan on buying Baby Doge, you should treat it as a gamble, not an investment. 

Want to jump to the answer ? You’ll need a Binance account to buy Baby Doge!

Elon’s been tweeting about cryptocurrency again, but instead of Dogecoin or CumRocket, he’s now shilling Baby Doge Coin. Baby Doge Coin is a token on Binance Smart Chain that has no real world use case, nor does it have any clear advantages over other cryptocurrencies with wider adoption. Besides cuteness, of course. But then again, Shiba Inu and Dogecoin are pretty cute, too.

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