4.8 Quadrillion BabyDoge Burnt & Removed: Unveiling the Value
The Baby Doge Coin community is buzzing! Recent news highlights a significant burn event, with many asking: 4.8 quadrillion BabyDoge burnt and removed – how much was it worth? Let's delve into the details of these burns and their impact.
What Happened: The team behind BabyDoge BABYDOGE/USD announced on Wednesday that 4.8 quadrillion BABYDOGE tokens had been burned, significantly impacting the token supply.
Understanding BabyDoge Burns
Token burning is a crucial aspect of BabyDoge Coin's tokenomics. It aims to reduce the circulating supply, potentially increasing scarcity and value. But how do we determine the value of these burnt tokens?
I'm curious to know, just how much of the BABYDOGE token was burned in the recent token burn event? It's a crucial aspect of the project's tokenomics, and understanding the magnitude of These quadrillion tokens were destroyed by the development team of the coin after the vote that suggested it took part a short while ago and the burn, along with a buyback Quadrillion coins get burned for a start.
Past Burns and Their Value
To understand the value of the 4.8 quadrillion burn, let's look at previous events. For example, Baby doge celebrates 1 st Birthday by permanently removing a whopping total of 3 Quadrillion BabyDoge tokens worth $5,100,000 ($5.10M) from circulation. This gives us a benchmark for evaluating larger burns.
Another month, another burn for Baby Doge Coin (BabyDoge). Baby Doge Coin just shared proof of burn via its official Twitter handle and reported that they have burned. This burn consisted of two parts – a burn of BabyDoge worth $1,100,000 and a buyback of BabyDoge coins with 16 BNB and then...
Calculating the Value of 4.8 Quadrillion Burned BabyDoge
To calculate the approximate worth, we need to consider the price of BabyDoge at the time of the burn. While the exact value fluctuates, comparing it to past burn events helps estimate the impact of permanently removing 4.8 quadrillion tokens. Since the quoted rate of 3 quadrillion equals $5,100,000, this would make 4.8 quadrillion tokens equal $8,160,000 at the time of the burn based on the quote provided.
It is important to note that these are not fixed numbers and vary dependent on the price of the BABYDOGE coin at the time of the burn.
Impact on Total Supply
Baby Doge Coin stated in a recent tweet that, so far, 198 Quadrillion BabyDoge tokens have been burnt. This represents 47% of the total supply of the meme. The 4.8 quadrillion burn further reduces the overall supply, potentially influencing the coin's value in the long term.
Stay tuned for updates on BabyDoge burns and their impact on the market. Follow official channels and community forums for the latest information.