The latest report from the Burn BabyDoge tracker has revealed that a staggering 9,231,127,332,720 BABYDOGE tokens have been burned in the last 24 hours alone, equating to approximately $22,210.
It brings the total number of burned BABYDOGE tokens to 205,656,463,440,300,704, which accounts for almost 49% of the total supply of 420,000,000,000,000,000.
The reason for burning tokens is to reduce supply and increase the value of the remaining tokens. This tactic is often used by cryptocurrency projects to help stabilize their token prices.
In addition to burning tokens, in the past 24 hours, the coin has also seen 418 new holders. It brings the total number of coin holders to 1,742,076, which shows an increase in interest from investors and traders alike.
However, in the upcoming days and weeks, it will be intriguing to observe the impact of token burn and the rise in holders on the value of BABYDOGE.
BABYDOGE Launches Revolutionary Virtual Card For Secure Crypto Transactions
Additionally, in another recent development, Baby Doge announced the launch of its brand new virtual card – the BabyDoge virtual card. According to the tweet, the card is now officially LIVE and available for orders at the website babydogeswap.com/crypto-card.
This exciting development is set to revolutionize the world of online payments, allowing users to securely and easily transact with their Baby Doge holdings. The renowned blockchain technology of FCF_Bsc powers the virtual card and features its unique Revenue Sharing Token, FCF.
According to a comment from FCF_Bsc, users will no longer require the services of a centralized exchange to spend their cryptocurrency. Instead, they can transfer their digital assets directly from their decentralized wallet into their new FCF_Bsc-powered virtual card and use it immediately.
This revolutionary development has already received an overwhelmingly positive response from the crypto community. However, some members of the community have raised valid concerns. One user asked how they would obtain information on the card’s balance after making a payment.
Another expressed worry about losing their Baby Doge holdings by transferring them to the virtual card. They suggested a better solution would be a secure wallet card to store their Baby Doge.
One user had eagerly anticipated a metal card but was disappointed to hear it wasn’t the case. They suggested paying an additional $10 for the metal card. While another user expressed optimism about the future possibilities of the virtual card.
Nevertheless, these latest developments in the BABYDOGE ecosystem are positive signs for the token’s future. The burning of tokens clearly indicates that the community is committed to creating a more valuable token, while the increase in holders shows growing interest in the token.
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