BabyDoge, a cryptocurrency created by fans of the Dogecoin online community on BNB Chain, which “seeks to impress his father by showing his new improved transaction speeds & adorableness” is donating the sum of $400,000 to dog rescue organizations thanks to the success of its non-fungible token (NFT) collection.
It can be recalled that BabyDoge’s NFT collection was launched on the 20th of April 2022 for whitelisted users prior to a public mint.
The collection is made up of 10,000 unique Baby Doges generated through the use of 200 potential traits that include their eyes, headwear, clothing, and more. Each token is stored as an ERC-721 token on the Ethereum blockchain and hosted via the Interplanetary File System (IPFS).
BabyDoge tweeted, “Honored to announce our NFT Collection has generated $400,000 that we are donating to our charity partners! Amazing impact made by the community to help save dogs!”
Honored to announce our NFT Collection has generated $400,000 that we are donating to our charity partners!
Amazing impact made by the community to help save dogs!#BabyDoge @ASPCA @HumaneSociety @BestFriends @AnimalLeague pic.twitter.com/HiDqXrJoaj
— Baby Doge (@BabyDogeNFTs) May 3, 2022
BabyDoge was launched June 1 on the Binance Smart Chain with a mission to save as many dogs as possible, according to its website. On social media, the project’s account tagged several dog rescue organizations.
Read Also: BabyDoge Gains Real World Use Case via Integration with Singapore Based Web3 Payment Gateway
The cryptocurrency is “hyper-deflationary” as it is designed to become scarcer over time. BabyDoge holders receive more tokens automatically as every transaction on its network incurs a 10%, out of which 5% are distributed among token holders, and half are added to its liquidity.
The cryptocurrency project has recently celebrated its 11-month birthday by burning four quadrillion BABYDOGE tokens. Over 45% of the cryptocurrency’s supply has now been burned thanks to the celebratory move.
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