SafeMoon vs Baby Doge Coin: Comparing Reflective Tokens

What are the major differences between SafeMoon and Baby DogeCoin?

A decentralized finance (DeFi) coin is SafeMoon Protocol. The three processes of Reflection, LP Acquisition, and Burn are performed by SafeMoon during each deal, according to the company's website. RFI tokenomics and an auto-liquidity producing mechanism are combined in the SafeMoon protocol. A non-fungible token (NFT) exchange, as well as charitable endeavors and crypto-educational apps, are among the initiatives SafeMoon intends to create, according to an article. Holders of the SafeMoon protocol will get extra SAFEMOON based on the number of coins they currently have. When compared to standard interest accounts, this may be up to an astonishing 80% APY.

SafeMoon Protocol is a deflationary digital currency that will appreciate in value over time as a result of its coin-burning technique. A coin launchpad and NFT marketplace will be added to SafeMooon Protocol, enabling users to generate their own cryptocurrencies using the system. Due to its rising popularity, the SafeMoon protocol has a bold vision. By the end of 2021, they hope to list on the top exchanges, launch a decentralized exchange (DEX), and expand their collaborations. Launched on March 8, 2021, SafeMoon has a quantity of 777 trillion tokens and a price of $0.0000000010.

The following is described in the SafeMoon white paper: a total quantity of 1,000,000,000,000,000, of which 223,000,000,000,000 burnt development tokens and 777,000,000,000,000 were made available upon launch. According to the white paper, the SafeMoon protocol operates as follows: Each trade carries a 10% tax on the transaction, which is reduced in half. The remaining 5% of the money is then divided again, with 50% immediately converted into BNB via the contract and the remaining 50% paired with the aforementioned BNB and put to PancakeSwap as a liquidity pair. At that point, 5% of the fee is dispersed to all token holders. The developer burnt all tokens in the developer wallet before launch, there was a fair launch on DxSale, the LP is locked on DxLocker for four years, and one LP is created with every transaction and locked on PancakeSwap, according to the SafeMoon white paper.

Several exchange platforms, including PancakeSwap (V2), Decoin, PancakeSwap, Gate.io, BitMart, ZBG, BiKi, LBank, Hoo, Hotbit, MEXC, Bitbns, Bitrue, WhiteBIT, KickEX, BitForex, BHEX, Jubi, and Biswap, will support SafeMoon (SAFEMOON) trading as of October 2021. Numerous SafeMoon pricing pairings, such as SAFEMOON/WBNB, SAFEMOON/USDT, and SAFEMOON/BUSD, are offered beside it. Use CoinMarketCap's conversion function on the SafeMoon price page to view the current price in the fiat currency of your choosing. Alternately, use the page for the specific currency rate converter. SAFEMOON/USD, SAFEMOON/GBP, AND SAFEMOON/EUR are three common SafeMoon pricing pairings.

Baby Doge has picked up some tips and advice from his meme-making father, Doge. a new cryptocurrency created by supporters of the online Doge Meme community. By demonstrating his new, increased transaction speeds and cuteness, Baby Doge hopes to impress his father. He is hyper-deflationary and has static reflection that rewards owners, thus with each transaction, extra baby doge coins are deposited automatically to your wallet. Simply love, pet, and hold them, as baby doge holders will automatically receive 5% of each purchase. As a joke, Baby Doge was made with the intention of raising awareness for animal adoption. The ambitious strategy for BabyDoge, which was introduced in June 2021, includes more initiatives for animal welfare, NFT development, GameFi, and more. AMM, core farms, farming as a service, a free token locker, a burn portal, and more are all available on BabyDoge's own swap site, BabyDogeSwap.com.

Although adorable, Baby Doge Protocol has a lot of BITE! $A deflationary token called Baby Doge is intended to becoming scarcer over time. By merely keeping Baby Doge coins in your wallet, Baby Doge holders will automatically receive additional Baby Doge. Baby Doge coin holders automatically earn a 5% fee from every transaction that takes place on the Baby Doge ecosystem, therefore the quantity of baby doge coins in your wallet grows with each transaction. The fees collected by each transaction increase the amount of baby doge coins available to the community.

BabyDoge also has real-world applications in the works, which is unusual among meme cryptocurrencies. It has a BabyDoge card and mobile app, collaborations with Coinpayments to link BabyDoge with leading e-commerce platforms like WooCommerce, Shopify, and Magento, and charitable donations with animal shelters and rescue organizations like Paws with Cause, Furkids, Best Friends, ASPCA, and Humane Society. Currently, Gate.io, Poloniex, OKEx, BitForex, Bitrue, DigiFinex, BabySwap, XT.COM, LBank, PancakeSwap (V2), CoinW, and DODO BSC are the major exchanges for trading Baby Doge Coin.