BabyShibaCoin Review: The Latest Ethereum Based Meme Token
BabyShibaCoin is an ERC20 token based on Ethereum. If you like Shiba Inu and DogeCoin, you will definitely like this one too. The BabyShibaCoin has a total supply of 420,000,000 tokens. Already, the project has burned 40% of the tokens before the launch. The only difference between this coin and other meme coins is it's a more advanced version. The team studied the trends to develop new ideas for the BabyShibaCoin.
According to the project's Twitter page, the BabyShibaCoin was “created by the Shiba Army for the Shiba Army.” The coin's presale is set to take place on January 15th.
BabyShibaCoin Features
BabyShibaCoin guarantees the best features in crypto space today. Here are the main notable features:
100% Community Owned
The community has complete control over Baby Shiba Inu. They have the authority to make decisions about the token, including upgrades.
Marketing Wallet
The Baby Shiba team is extremely professional and devoted . The team has a massive marketing wallet, which allows us to spread BabyShiba Coin all over the world without selling a single token. As a result, our team will only hold 3% of all tokens Locked on Pinksale.finance.
The priority of BabyShibaCoin is to attract all Shiba Inu investors and fans to this newly launched project. By doing so, they hope to capture 10% of the Shiba Inu MarketCap, which has increased nearly 5000X since the launch day.
Liquidity Locking
It is important to note that all your funds and money in the liquidity pool will be locked and untouchable until 2024.
5% Tax
BabyShibaCoin has a 5% tax on marketing, development, team, and buyback funds.
Pinksale's KYC
Know Your Customer, or KYC, is the process of verifying an individual's identity to ensure that the project's team is not completely anonymous. The KYC process aims to rid our platform of scams and rug pulls by deterring dubious developers.
Pinksale will reveal the identities of the project team members who defraud investors. This information will be available to anyone who wishes to file criminal charges.
Audit by InterFi
The project requested the smart contract audit to ensure that our investors' funds are secure in our smart contract by providing that the smart contract is free of bugs. BabyShibaCoin passed this test with flying colors.
Tokenomics
The total supply of Baby Shiba tokens minted is around 420 million. According to the website, about 40% of the total supply has already been burned. The project's team will receive 3% of the tokens. The 3% will be held in liquidity lockers for four years.
The private sale round will take up 3% of the tokens. The network will sell 30% of its token in the presale session. In addition, the liquidity pools will also receive 21% of the network's token supply.
Burning accounts for 43% of the total token supply. The burned tokens will help ensure that the remaining Baby Shiba is deflationary. The network had already consumed 40% of the total supply. Following the presale, the network intends to burn the remaining 3 percent.
Taxes
The BabyShibaCoin levies a 1% tax to fund project development. These funds will assist the developing team in creating upgrades to streamline service delivery.
In addition to the project development funds, the Baby Shiba network charges an additional 4% for marketing purposes. The funds will be used in giveaways and other marketing campaigns to attract more investors. The goal is to make this project long-term sustainable.
Presale Details
BabyShibaCoin will perform its presale on January 15, 2022, at 16:00 (UTC). There will be 126,000,000 Baby Shiba. Notably, the presale rate will be 1 ETH for 1,260,000 Baby Shiba. The presale will end on January 20, 2022, at 16:00 (UTC). Notably, the minimum buy will be 0.1 ETH. Then, the maximum buy will be 1 ETH.
BabyShibaCoin Pros
Low Price: The price of a crypto trading asset is highly essential. It plays a crucial role in helping the trader use the percentage change to track the gains depending on the number of coins purchased. Its low price will allow users to accumulate tokens before its price shoots up.
BabyShibaCoin is an ERC-20 token: The crypto runs on the Ethereum blockchain. Additionally, Ether's proposal to move to the proof-of-stake protocol might also prove beneficial in this regard.
It is a meme token entirely governed by the community.
Secure: the token is audited by InterFi, and Pinksale has carried out a KYC. Even though the project has undergone KYC scans, they have yet to provide a list of team members on their website. Hopefully, the project's creators will consider including their names on the website soon.
BabyShibaCoin Roadmap Review
The BabyShibaCoin development team is working to provide a valuable cryptocurrency to its users by expanding business relationships, developing the platform, and increasing the applications of this token. This cryptocurrency has compiled its roadmap in 3 phases.
The first phase is named the “birth.” It involves an audit by InterFi, website launch, marketing push, and 1000 telegram members. In addition, there will be meme development and the birth of Baby Shiba.
Phase 2 is the “crawl.” Here, we shall see influencer marketing push, CoinGecko, and CoinMarket listing. There will also be more telegram members and holders. This phase shall also see a third-party audit.
Phase 3 is the “walk.” There will be NFT creation, 15,000 telegram members, and 15,000 holders here. There will also be an airdrop and a large influencer marketing push. The rest of the roadmap is yet to be released; however, the project will do so soon.
Final Thoughts
The BabyShibaCoin is much more than a meme coin. It was created to create a social impact in the crypto world, specifically among NFT holders. The project's success is dependent not only on the developers but also on community participation and engagement. The team proposes a new way to accumulate wealth while remaining concerned about society. To learn more about the project, you can visit its social media at its:
Website: https://babyshibacoin.io/
Telegram: https://t.me/BabyShibaCoinio
Reddit: https://www.reddit.com/u/BabyShibaCoin/
Instagram: https://www.instagram.com/babyshibacoinn/
Twitter: https://twitter.com/babyshibacoinio
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