0
Coinsmart_Skyscraper_Ad
Eightcap home

Little Baby Doge: Everything You Should Know

little baby doge
Coinsmart_Skyscraper_Ad

Little Baby Doge is an altcoin operating with a very familiar name. If you have been in the space for a while, you'll know that Dogecoin is a well-known cryptocurrency. Little Baby Doge is a member of the Dogecoin family, but a separate crypto coin from DOGE.

Here’s everything you should know about this altcoin.

What is it?

Little Baby Doge, or LBD, is a hyper-deflationary altcoin created by an international group of climate activists who seek to combat climate change. The LBD project aims to reduce global warming.

The LBD altcoin is a native BEP 20 token built on the Binance Smart Chain (BSC), a blockchain network that supports smart contracts. The network is a creation of the Binance exchange, one of the world’s largest crypto exchanges.

As a BEP 20 token, LBD has several use cases on the Binance Smart Chain. The tokens can, for example, be swapped for other BEP 20 tokens. They can also be used for NFTs and other digital assets.

LBD tokens were launched in November 2021, the same time its parent platform was being launched. No sooner had the tokens hit the market than they quickly hit an all-time high of 0.000000007938. According to the LBD team, the coins have a supply cap of 420 quadrillion.

Etoro home

Little Baby Doge features

Some of the features that enable LBD to stand out include;

• Buyback function: Buyback involves a project using its resources to repurchase some of its tokens, limiting its supply and increasing its overall value. Buyback is a major part of LBD's strategy. • Coin burning: Coin burning is a common practice among many altcoins that seek to limit their supply. It involves periodically burning coins, effectively eliminating them from existence. • Liquidity pair acquisition: Another great function of LBD, LP acquisition involves adding coins as a liquidity pair on decentralized exchanges, in this case Pancake Swap.

LBD ecosystem

The LDB ecosystem has everything required to meet the needs of individuals in terms of products and services. The project has an informative LBD wallet, an LBD Exchange and Farms platform, and an LBD lottery. The LBD Wallet provides news and updates about the LBD tokens, while the exchange and farms platforms offer users a place to swap all BEP 20 tokens.

The project also features an LBD NFT marketplace and auction house for its exclusive NFTs and an LBD Merch store. There is a "Change the World" Platform where the community, any individual, or organization can connect and donate to worthy climate change organizations.

On the plus side, at the beginning of 2022, LBD launched a play-to-earn platform where users can play games designed to raise awareness about climate change and earn tokens.

Conclusion

LBD looks like a promising altcoin. Its features and many projects behind it can help elevate its value. However, the coin looks like it has some distance to go before it gets to where Dogecoin and other popular altcoins are.

Etoro home
Author: Jay Jackson

Author: Jay Jackson

Jay Jackson is a crypto trader, researcher and freelance writer. He works closely with people and businesses in the crypto sphere, writing blog posts, guides, press releases, reviews and ebooks.

Share

This site uses cookies, please see ourCookie Policyfor more information.