Crypto News: BabyDoge Coin Set To Surge After This Integration?

Crypto News Today: OKX in a Tweet announced that its wallet is now supporting the BabyDogeSwap on its web extension. BabyDogeSwap is an exchange platform that has the lowest fees on the Binance chain, which was launched in October 2022.

Founded in 2017 by Star Xu, OKX is a crypto exchange and derivatives exchange based out of Seychelles. OKX has more than 20 million users in 100 different countries. It is a decentralized multichain wallet. Since it’s decentralized, it gives full control to the users.

For using the BabyDogeSwap on the OKX wallet, you need to download the web extension. After downloading it, create a wallet or add it if you have an existing one. Then you need to back up the recovery password. Then add funds through the 3 different ways. After adding funds you can start transactions.

Impact on BabyDoge coin

Despite this integration with the exchange, the BabyDoge coin continues to plunge. BabyDoge price is down by 15.02% at the press time. The market cap stands at 333.07 million USD. Each BabyDoge token is trading for 0.000000002936 USD. Trading volume is up by 28.38% in the previous 24 hours. On February 5, BabyDoge burned a total of 230,000 USD coins. Source: coinmarketcap

Also read: Bitcoin (BTC) Can Correct Up To 70% If Recession Hits the US This Year

What is BabyDogeSwap?

A well-known decentralized exchange (DEX) that permits BEP-20 token trades on the BNB Chain is called BabyDogeSwap. It ranks among the top community DEXs in the baby doge community and is the largest exchange in the BNB Chain ecosystem. Users can swap against a liquidity pool thanks to the exchange’s automated market maker (AMM) architecture. In exchange for your LP tokens, which entitle users to a portion of the swap costs, you can sign up as a liquidity provider. Read More Crypto News Here….

Holders of LP tokens can also engage in yield farming to acquire BabyDoge, the utility token for the swap. The token may be staked with flexible or fixed-term staking in so-called “Farms” or “Pools.” Users pay less for swaps when the BabyDoge token is kept in their wallets.

Also read: Cryptocurrency Prices Today: 3 Hidden Gems To Buy On This Dip

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Shourya Jha

Shourya is a fintech enthusiast who mainly reports on Cryptocurrency Prices, Union Budget, CBDC, and FTX collapse. Connect with her at [email protected]

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