Baby Wolf is a meme coin that’s been gaining some serious popularity as of late. According to CoinMarketCap, the coin is currently trading at a market cap of {CURRENT MARKETCAP – https://charts.bogged.finance/0x5B5a3A45002736413613B8A4C46cC0d9D1D6F4Ae}. But as recently as a few days ago, the coin was trading at a market cap of $60,000… That’s right, a staggering {AMOUNT}% gain in just a few days. It’s an extreme growth spurt that’s led to some people taking the coin seriously. Even some cryptocurrency experts are starting to take notice… “Here’s an example of a crypto token that is amusing, adorable, and growing in the ranks.” Says Bereri, a well-known crypto analyst. “There seems to be a lot of ‘fear of missing out’ in the social media groups, and this crypto token is a perfect example of that.”
But does this coin have staying power? Or is it just a quick pump-and-dump scheme? Here’s what you need to know…
What Is Baby Wolf?
Baby Wolf ($BABYWOLF) is a community-based and community-focused token on the Binance Smart Chain. It was created by members of the Dogecoin & Shiba community. According to its whitepaper the coin is supposed to be a fun cryptocurrency that’s mostly used for tipping and gifting but the team may be planning to release more use cases in the future. The cryptocurrency has been gaining massive popularity on social media. The coin is extremely young, and it’s only been trading for about 3 weeks.
Baby Wolf’s Tokenomics
Baby Wolf has a total supply of 100,000,000,000,000,000 (100 quadrillion) tokens. However, the developers manually burned Might be worth mentioning that we have also burned another 4% (coming up to 5%) since trading leaving just 15% remaining in circulation? Tokens are also continuously being burned with every transaction due to the tokenomics function. 5% of every transaction gets redistributed between all holders proportionally to held tokens. 2% of every transaction is added to liquidity. Baby Wolf is a community based token, which means the development of the project is done by its community members. The community members are paid in tokens by the platform for their contributions. The tokenomics utility model is to be used for paying for goods and services. It is also intended to be used as a reward to the users of the platform. This is done by a token burning function.
Baby Wolf’s Goals
The developers also want to create a community-based cryptocurrency that is community driven. According to Baby Wolf’s whitepaper, the focus will be on getting the coin out there and giving back to the community as soon as they are able to. This will be done through giveaways, Merch drops, contests, events, conventions, and more. The developers are also hoping to grow the project by creating and managing a network of communities. The network will consist of crypto enthusiasts in all parts of the world. “The project is supported by leaders of the community that have a history of honesty and integrity in their dealings with the community.” says a Baby Wolf community member. The community can help the project by contributing time and resources to create & maintain this network.
As for utility, the cryptocurrency is intended to be used for tipping, gifting, and paying friends, family, and users on social media, but the team may be planning to add more use cases in the future such as liquidity yield farming, a custom marketplace that pays you out in Baby Wolf, and a coin swap.
How to Buy Baby Wolf Coin
There are hundreds of exchanges such as Binance and Coinbase around the world that give you the ability to buy and sell thousands of cryptocurrencies. However, none of the top cryptocurrency exchanges sell Baby Wolf yet. This is because the coin is still very young and isn’t widely traded. As the coin becomes more popular, you can expect to see more exchanges offering it. The current way to purchase Baby Wolf is through PancakeSwap and you’ll need a wallet such as MetaMask or TrustWallet to store your coins. For a complete guide, visit https://www.babywolftoken.com/buynow.php
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