Large amount of BabyDoge expected to be removed from circulation on December 1
The official account for BabyDoge Coin posted a reminder to the BabyDoge community that the recently voted-in token burn will begin in two days’ time.
Burn coming on Dec. 1
As reported by U.Today previously, five days ago, the results of the vote regarding the token burn were announced. All trading fees from the token swaps will be destroyed. The BabyDoge community voted for it. Now, BabyDoge developers will start burning the meme tokens of their network and also conducting buybacks to burn even more BabyDoge coins.
According to a recent tweet from the official account of Mime Token, which is two days from today, the next burn will be on December 1st.
Some in the aforementioned community believe that should these burns go as expected, than the circulating supply of BabyDoge will shrink significantly, and this will be the first step toward listing on the crypto trading giant, Binance, led by Changpeng Zhao.
47.4% babydog is already burned
Regarding the current status of BabyDog Burn, the @babydogeburn_ Twitter handle shared that in the last 24 hours, a total of 14,694,664,851,652 Mem coins have been burned. This equates to about $17,000, which is light years away from what the SHIB army has recently burned in a week or a day.
By now, overall, 47.49% of the total circulating supply of 420,000,000,000,000,000 has been removed. This percentage amounts to 199,466,580,846,242,464 BabyDoge.
