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Shiba Inu’s Rival, Baby DogeCoin (BabyDoge) To Burn 50 Quadrillion Tokens on July 1st.
Shiba Inu’s rival, Baby DogeCoin (BabyDoge), plans to cut 50 Quadrillion of Baby Doge Coins from its supply on the Ethereum chain in one gigantic transaction on July 1st, 2022.
“50 quadrillions burn on ETH chain on July 1st.”
Our first community proposal ended today:https://t.co/BtR0Cja3C2
50 quadrillion burn on ETH chain on July 1st#BabyDogeArmy #BabyDoge pic.twitter.com/pa1ucHgmYa
— Baby Doge (@BabyDogeCoin) June 28, 2022
This comes after the first-ever community proposal launched by BabyDoge, on its Birthday. BabyDoge Community overwhelmingly voted in favor of Burning 50 Quadrillion coins at once.
Baby Doge Coin celebrated its first birthday on June 2nd. On Birthday Event, the team behind the third most followed canine-themed cryptocurrency on Twitter burned a whopping total of 3 Quadrillion BabyDoge tokens worth $5,100,000 ($5.10M) in one noticeable transaction.
To make the Birthday more special, the BabyDoge team launched its first-ever community proposal with the name, “Burn 50 Quadrillion on ETH”, which was scheduled to end on June 28th, 2022. In the proposal, the team behind BabyDoge asked the Community to vote on whether they wished to organize a Mega Burn Event of 50 Quadrillion tokens.
The BabyDoge community enthusiastically participated in the voting. The majority of votes were cast in favor of burning 50 Quadrillion BabyDoge in one go.
BabyDoge is one of the most popular canine-themed cryptocurrencies in the world, having a gigantic supply in circulation, i.e., 115.11 Quadrillion, as per data provided by CoinMarketCap.
After almost a year, CoinMarketCap verified BabyDoge circulating supply on the platform.
Since the start of the New Year 2022, BabyDoge has been burning quadrillion tokens every month, but burning 50 Quadrillion coins in one go would be the first and monumental event for the meme coin community.
Till today, BabyDoge has sent a whopping total of 24 quadrillion canine-themed meme tokens worth over $66.2 million to the dead wallet in six months.