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Baby DogeCoin Team to Burn 50 Quadrillion Coins Tomorrow After Community’s Approval.
In a bid to boost the value of its cryptocurrency, popular memecoin project Baby DogeCoin has announced that it will be burning 50 quadrillion BABYDOGE by tomorrow.
The Baby DogeCoin team made the announcement today on Twitter, saying that the 50 quadrillion BABYDOGE will be burnt from its token supply on the Ethereum network.
“Did you vote? Looks like there’s a 50 quad burn tomorrow on ETH,” the team announced.
Did you vote?
Looks like there’s a 50 quad burn tomorrow 🔥 on ETH https://t.co/Hjb7G0274R
— Baby Doge (@BabyDogeCoin) June 27, 2022
Community Approves the Move
The move to burn 50 quadrillions Baby DogeCoin is a collective decision made by members of the community, who were asked to vote on a proposal created on June 1, 2022.
The proposal, which will end tomorrow, requests the BABYDOGE community to decide whether the team should burn the 50 quadrillion tokens at once or burn them over the next two months.
So far, the majority of the vote is in favor of the BABYDOGE team burning all 50 quadrillion tokens on the Ethereum network at once.
Interestingly, the development comes less than a month after the BABYDOGE team burnt 3 quadrillion tokens from its total supply in celebration of its first birthday.
BABYDOGE Token Details and Price
BABYDOGE is a digital currency that has a massive total supply. The cryptocurrency, which launched last year, has a total supply of 420 quadrillion coins and a circulating supply of 159.2 quadrillion tokens.
At press time, the cryptocurrency is trading around $0.0000000016, down 3.8% in the last 24 hours. The Baby DogeCoin community is optimistic that the value of the cryptocurrency will surge tremendously when the 50 quadrillion tokens are burnt tomorrow.