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Highlights
- Baby Doge's token contract proposal for renouncing ownership on Ethereum & BNB Chain has successfully passed.
- Over 99% voted in favor of the proposal.
- BabyDoge price jumps on the news surfacing in the market.
Baby Doge, a unique cryptocurrency that draws inspiration from the popular meme crypto Dogecoin, has made a significant announcement, capturing the attention of the broader crypto market. The proposal to renounce ownership of the token contract on both Ethereum & BNB Chain, which was initially suggested on May 29, has been successfully passed today, June 6.
This momentous event has sent shockwaves through the global crypto landscape, sparking a flurry of discussions in the community. Let’s delve deeper into the development that aims to aid Baby Doge to branch out to Ethereum and BNB Chain.
Baby Doge Multi-Chain Proposal Passes: What’s The Scoop?
Zooming past to date, the voting has ended with the odds substantially tilted towards the proposal’s passing. As per insights by ‘snapshot.org,’ the meme coin’s voting results illustrate that the proposal gained 848 trillion votes, worth 99.53%, in favor, while 0.47%, worth 4 trillion votes, were against the development.
The voting started on May 29 and ended on June 05. According to Baby Doge’s community’s official announcement, this proposal’s primary objectives include streamlining decentralization, security, and community trust, aligning with DeFi’s true ethos.
Meanwhile, the expected time for the renouncement process is approximately 1-2 weeks, ‘including verification and community communication.’ The completion of the process is expected to widen crypto’s user appeal across the global crypto realm, potentially impacting price.
Also Read: 4 Must-Buy Gaming Crypto For Bullish June
BabyDoge Price Jumps
In the interim, upon the news surfacing within the market, BabyDoge’s price saw a 1.64% uptick in value in the past 24 hours, reaching $0.000000001968. The token appears to be witnessing an extended consolidation period, looking at broader time frame price charts. Its 24-hour lows and highs are $0.000000001913 and $0.000000001963, respectively.
Renouncing ownership of the BabyDoge token contract on ETH and BNB Chain comes as a strategic mover to achieve complete decentralization and reinforce the crypto’s commitment to transparency and security for users. This could potentially set the stage for significant price gains ahead as BabyDoge further revolutionizes its cryptographic journey.
Also Read: ECB Cuts Rate Signaling Crypto Rally Ahead, US Fed To Follow Suit?
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