BabyDige has announced via a tweet that the testnet of its new swap protocol, BabyDogeSwap, is now live on BSC. The announcement has caused fanfare on social media, especially on Twitter.
BabyDog Coin has been on the rise since the initial announcement of the launch of the swap protocol last week and its community was eagerly awaiting the official launch. It has gained 23.0% over the past 7 days and although there is no significant change in the DabyDoge coin price since today’s announcement, traders expect the price to remain bullish in the coming days, weeks and months.
At the time of writing, BabyDoge was trading at $0.000000001703 after registering a 2.62% gain in the past 24 hours.
BabyDogeSwap Protocol
To start using the newly launched testnet, users will need to connect their MetaMask or other popular crypto wallet and swap any token with a BSC token. The protocol intends to add more swapping pairs, especially Ethereum and Bitcoin pairs.
Besides the usual token swapping, the BabyDogeSwap protocol has additional features including yield farming, swapping, staking, and voting.
The team behind the project plans to launch an aggressive marketing campaign to allow it to compete favorably with the likes of Pancake Swap, one of the leading decentralized exchanges on BSC.
The swap protocol intends to burn a portion of the swap fees obtained from users to check the inflation of the BabyDoge token. The swap has however eliminated swap fees for tokens of their partner projects while maintaining ordinary fees for popular coins.
BabyDogeSwap also has a simplex on-ramp widget that allows users to buy crypto with fiat using cards.
In addition to the newly released swap protocol, BabyDoge plans to release a game that will allow players to bet using their tokens and also launch physical BabyDoge cards that will allow users to use the BabyDoge token to pay merchants around the world.
