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Baby Shiba Inu

$BABYSHIBAINU
Today
0
Total
3
BNB Address:
0xaecf6d1aff214fef70042740054f0f6d0caa98ab

Coin Info

Market Cap:
$2,546,730
Launched:
24/06/2021
Network:
BNB
Categories:

Coin Safety

Project Brief

To learn more about this project, check out our deep dive of Baby Shiba Inu.

What Is Baby Shiba Inu (BABYSHIBAINU)?

Just like Dogecoin, Baby Shiba Inu is a meme coin. The coin is part of the group of fast-growing canine-related cryptocurrencies. This particular meme coin is trying to be the cutest canine-related coin, spreading puppy love.

Baby Shiba Inu was launched on July 24, 2021. The meme-coin offers a new reward system for NFTs and staking. All the token holders contribute to the Shiba Rescue American Organization, according to the project’s donation plan.

However, these donations don’t affect the rewards and profit for the meme token, because Baby Shiba Inu touts itself as a sustainable project with competitive reward plans for long-term token holders.

Who Are the Founders of Baby Shiba Inu?

The Baby Shiba Inu founding creators are anonymous, just like the creators of most meme coins. The coin is newly launched and still in stage 1 of its roadmap, including the coin launch, website launch, marketing push and rewarding community with giveaways.

Baby Shiba Inu promises to bring rewards based on the outlined course of action in the roadmap by the founders.

What Makes Baby Shiba Inu Unique?

Baby Shiba Inu prides itself on transparency, fairness, competitive rewards and true social purpose.

Unlike most meme coins, Baby Shiba Inu serves its community by generating rewards and donating to charity at the same time. The meme coin founders plan to contribute to dog rescue foundations, and about $5,000 has been donated so far (as of August 2021).

Part of the coin’s long-term goal is to establish an NFT platform for mobile phone devices that will allow the creation and sale of NFTs. Also, as an incentive, all holders of the BabyShibaInu token will continue receiving rewards via the token sale and through using the platform itself.

The coin was built on the Binance Smart Chain, to increase output and reduce the need for high gas fees common to Ethereum. From the breakdown of the transaction fees, 2% of the transaction fees are distributed among holders. This means that holders make money from transactions performed with the coin on the platform.

Also, Baby Shiba Inu set its max transactions at 10 trillion to prevent pumping and dumping.

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