Cointime

Download App
iOS & Android

BabyDoge Proposes Monumental Token Burn, 0% Fees on Transactions

BabyDoge, a deflationary token platform on the Ethereum protocol, has proposed to burn 100 quadrillion BABYDOGE tokens to reduce potential exploitation risk associated with them and enhance the security and integrity of the project. The proposal has received overwhelming support from the community, with 96% in favor of the burn. The burn is estimated to be worth hundreds of millions of dollars and could potentially be one of the biggest token burns in history. BabyDoge plans to draft an official proposal for the DAO after the current proposal records overwhelming support. The platform aims to provide inexpensive transactions on the ecosystem with a higher level of efficiency.

(By Godfrey Benjamin)

Comments

All Comments

Recommended for you

  • Xangle ·

    What sets Sei Apart?

    Sei has recently emerged as a topic of interest in the crypto market. Various communities and renowned researchers are jumping into the discussion of Sei, bringing it into the spotlight. Is this attention due to Sei's genuine merit as a project, or i
  • Xangle ·

    Blockchain & AI, Are They A Win-Win?

    In March 2024, the price of Bitcoin surged, surpassing its peak from 2022. This bullish trend is attributable to factors such as the approval of Bitcoin spot ETFs, institutional capital inflow, the upcoming Bitcoin halving in April
  • ONEBIT ·

    Bitcoin Halving: Interpreting Industry Changes and Opportunities

    Bitcoin Halving: Interpreting Industry Changes and Opportunities
  • Bitcoin’s 4th Halving

    Significance of the bitcoin halving, impact on miner economics and BTC price
  • Chainlink Digital Asset Insights: Q1 2024

    The Web3 ecosystem has recently seen a dramatic rise in activity through total value locked in decentralized finance (“DeFi”), volumes on decentralized exchanges (“DEXs”), and stablecoin activity (see the Appendix). Looking at the first quarter of the year, we examine prominent events in the space, including:
  • Status Monkeys

    Analyzing NFTs as Social Networks Using the Status-as-a-Service Framework
  • It’s 2024 and there still aren’t enough blockchain developers.

    Why are there still up to ~1,000X less blockchain devs compared to other verticals like web development?
  • New Opportunities in the Farcaster Stack

    We’re seeing the emergence of a new social graph in real-time: Farcaster. Up until two weeks ago, today’s most popular client (Warpcast) looked, at face value, similar to a Twitter clone. Then the team launched Frames and it kicked off a wave of growth as it became clear that Farcaster’s permissionless infrastructure enables a new distribution channel.
  • Cointime April 23th News Express

    1. EigenLayer: Deposit limits for all LST tokens will be removed on April 16
  • Cointime April 5th News Express

    1.Mystiko.Network Community Sale Completed, Total $11.25 Million in XZK Sold2.Solana Co-founder Responds to the Sharp Increase in Transaction Failure Rates: Patch Coming Soon3.Ethena USDe market value exceeds 2 billion US dollars, setting a new record4.Du Jun, Executive Director and CEO of Xinhuo & Founder of ABCDE: Xinhuo Technology and ABCDE will invest 100 million US dollars to support blockchain companies that promote social development 5.QCP Capital: Bitcoin is expected to return to $70,000 this week, while Ethereum continues to be weak6.bitSmiley Labs officially launches its independent ecosystem plan, bitUniverse, and reveals its OG pass bitDisc-Black Upgraded Priviledges 7.Avalanche Foundation launches ice-breaking plan, focusing on LST track in the first phase and funding 500,000 AVAX 8.SuperRare Expands into Bitcoin Ordinals with Killer Acid's Psychedelic Art Collection 9.A dormant whale address for 8 months deposited 1,100 BTC into Binance10.Meme exchange DerpDEX.com completes multi-million dollar strategic investment, with participation from ABO Digital and others