cryptonews.net
Puppy.Fun has announced that its memecoin launchpad on Binance Smart Chain (BNB Chain) is set to go live this week. The development represents a major milestone for BabyDogeCoin as it will use a portion of the fees generated by Puppy.Fun to burn BABYDOGE tokens, a strategic move aimed at reducing the token supply and increasing scarcity. The announcement has generated significant enthusiasm among investors, leading to BABYDOGE gaining 44.03% in the last 24 hours.
Puppy.Fun is expected to attract a variety of developers and traders by providing a simplified platform for introducing and exchanging memecoins on Binance Smart Chain. The integration with the larger $BabyDoge ecosystem, which includes the $BabyDoge Block Explorer, expands its usability and accessibility. These tools aim to simplify transaction tracking and provide users with a seamless experience in managing their digital assets in the ecosystem.
BabyDogeCoin recently entered Real World Assets (RWA) through its $BabyDoge Properties project and added Futures Spot capabilities on the Nexo platform. The decision to distribute some Puppy.Fun’s token burn costs is seen as a driving force behind BABYDOGE’s recent price increase. Token burns often result in a reduction in the circulating supply, which can impact demand and cause prices to rise or fall.
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