WEB3
by BSCN
March 30, 2023
Which EVM-compatible blockchain will Baby Doge be going to first: Ethereum, Polygon, Optimism, Avalanche or Arbitrum?
A huge multichain expansion from Baby Doge appears not to be a question of “If?” but “Where?”! The BNB Chain MemeFi project is holding a community vote on which blockchain Baby Doge should expand to initially.
The voting period started March 29 and ends April 8. After a day of voting, Ethereum holds an early lead. The other Ethereum Virtual Machine (EVM)-compatible networks under consideration are Polygon, Arbitrum, Optimism and Avalanche.
According to the proposal, “We're planning on expanding our community to other chains and want to know where you think we should expand to! The core team will base our future multi support based your the response here. [...] initially we plan to take the token locker multichain. Where should we deploy first?”
Yes, the proposal is written as adorably as the appearance of the Baby Doge puppy mascot, but don’t be deceived by looks: The MemeFi project team has posted some serious accomplishments, including furthering the popularity of the Baby Doge Swap exchange ($63 million in TVL), introducing gaming elements to its ecosystem (first game, PVP Chess), and passing the $10 million TVL mark for its Token Locker feature.
As the proposal indicates, the first Baby Doge utility to go multichain will be the Token Locker.
In the 24 hours since the multichain vote went live, the price of $BabyDoge increased 6%, according to CoinGecko.
Baby Doge Swap is the acclaimed “son” of the popular meme token, DOGE. Baby Doge Swap started out as Baby Doge Coin and is a hyper-deflationary system that progressively increases its scarcity and increases its liquidity. The project is now a fully Decentralized Exchange with swaps, liquidity pools, yield farming, and more. Baby Doge considers its primary utility as building a fun meme community to spread awareness of animal adoption.
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