Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Baby Doge raised $400K for Animal League to Save Homeless Dogs

Published 05/06/2022, 05:20 AM
Updated 05/06/2022, 05:30 AM
Baby Doge raised $400K for Animal League to Save Homeless Dogs

Baby Doge raised $400K for Animal League to Save Homeless Dogs

    • Baby Doge helped raise $400K by selling their NFT collection.
    • The funds will be awarded to Animal League The BabyDoge.
    • Mobile will be at the ADOPT-IN-THE-PARK event at Wollman Rink in NYC, this Saturday.

Recently, the Baby Doge army managed to raise $400K by selling their latest NFT collection. The funds will be used to help dogs and dog rescue organizations. In detail, BabyDogeCoin and the Animal League mobile adoption unit have joined forces to advocate for saving dogs in the community.

The ‘BabyDogeMobile’ will be at the ADOPT-IN-THE-PARK event at Wollman Rink in New York City on May 7, 2022. The BabyDogeMobile for rescue purposes will have the BabyDogeCoin logo on it. This will show the smiling face of the Baby Doge token while signaling that the rescued pet is in safe hands.

According to sources, Baby Doge’s NFT collection was released on April 20 for whitelisted users ahead of a public mint. The collection consists of 10,000 distinct Baby Doges developed by the use of 200 potential qualities such as their eyes, headdress, clothing, and more. Each token is kept on the Ethereum blockchain as an ERC-721 token and is hosted by the Interplanetary File System (IPFS).

Baby Doge was created on the Binance Smart Chain in June 2021 with the goal of saving as many pets as possible. The project’s social media account tagged various dog rescue organizations.

Supporters of the meme-inspired cryptocurrency campaigned earlier this year to get the token listed on top cryptocurrency exchange Binance through a campaign the trading platform conducted. Here, users were invited to express wishes and concerns in the hopes of seeing some of them come true. Binance has yet to list it.

The cryptocurrency is “hyper-deflationary” in the sense that it is intended to become scarcer over time. Baby Doge holders automatically receive more tokens because every transaction on its network incurs a 10% fee, of which 5% is divided among token holders and the other half is added to its liquidity.

The cryptocurrency project recently celebrated its 11-month anniversary by extinguishing four quadrillions of Baby Doge tokens. Because of the joyful move, more than 45% of the cryptocurrency’s supply has already been burned.

Continue reading on CoinQuora

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.