BabyDogeZilla is a deflationary meme token. A meme token is explained as a cryptocurrency that is based on a meme or was created on the internet as a joke/meme. Besides, BabyDogezilla is a deflationary meme token because its supply does not increase over time. BabyDogezilla is a fork of DogeZilla hype. The primary purpose of BabyDogeZilla is to reward the holders with simple and effective tokenomics.
According to the whitepaper, as BabyDogezilla coins are deflationary, the tokens are burned after every transaction. The act of coin burning removes the tokens from the available supply, which in turn decreases the number in circulation. Around 14% of the total supply of tokens have been burned. BabyDogeZilla, in order to build a strong community of traders, manually burns the coins daily using Burnzilla.
BabyDogeZilla has locked the LP tokens for a span of ten years. LP tokens are issued to the liquidity providers on a decentralized exchange that functions on an automated market maker protocol. The BabyDogeZilla contract has been renounced, and the project is now completely community driven. TechRate completely audits the contract. The community drives the project, and the community also makes the decisions.
As per the whitepaper, BabyDogeZilla also has a donation wallet. The donation wallet can be used on a daily basis to make payments for competitions, artwork, shillers, and many more.
BabyDogeZilla aims to form a centerpiece of the BabyDogeZilla ecosystem. This includes NFT collections, launchpad, staking, and other Web3.0 products and services. Web 3.0 products specify that the distributed users can interact with data without involving any third party.
