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Baby Cat is a new token in the meme coin world aiming to safeguard the meme community by opening the door to earning passive income through token holdings.
In the new age of investing, meme coins are emerging as a prior choice for crypto fans. One such meme coin that secured its position in the meme land and all prepared to shine soon is the BABYCATS coin. Baby Cat coin is the new guardian of the meme land, supporting the meme community with exciting rewards and passive income sources.
What is the Baby Cat Coin?
The Baby Cat coin is the latest meme coin in the Meme world. The token was launched in February 2022 by fans of Elon Musk and is streaming over the Binance Smart Chain (BSC). It is emerging as one of the biggest rivalries to the king of meme land, Dogecoin.
The new meme coin was introduced with the benefits and perks of token holders in mind, as well as to improve the transaction speed. It is designed in a way that as its supply declines with time, token holders receive passive income simply by holding the coins.
Additionally, it is one of the first meme coins that offers credit cards for crypto and has a live decentralized exchange.
BABYCATS, the meme token, lives on the Binance blockchain and has a community of over 6000+ members.
It all begins with the fairy tale, which involves two planets, Dogeland and Catland, fighting for the sole kingdom. Queen Cat once saved the Baby cat from King Doge. Now it’s time for Baby Cat to save the meme land.
The Roadmap
The journey began in February 2022 when the team behind the project, fairly launched the project and hit major milestones with time.
By the end of October 2022, the token had secured over 2000 telegram members and around 6000 token holders. It was listed on CoinMarketCap & CoinGecko and accomplished token marketing.
In June 2023, the project launched its MFT minting and marketplace, along with more listings. Being an Elon Musk fan’s project, the meme coin is anticipated to expand its roots in the meme land soon.
Features of Baby Cat Coin
The meme coin is mainly introduced to support the meme community and offers a commission to token holders on all transactions. Whenever any transaction occurs, 5% of the transaction is automatically transferred to the token holder’s wallet.
With the tokens, individuals can create and buy/sell the NFTs. It holds a quick transaction time of 5 seconds compared to Dogecoin, which requires 60 seconds for transaction accomplishment.
Additionally, 5% of the transactions are transferred to the Pancakeswap liquidity pool to minimize price volatility and maintain stability. The token sale is restricted to less than 0.1% of the total supply to mitigate swing trading and breaking whales’ control.
The meme coin is emerging as one of the big rivals of the DOGE coin and is supposed to expand its roots in the meme land soon.
BABYCATS Token Allocation
The meme token has a maximum supply of 1 Quadrillion with a self-reported circulating supply of 1 Quadrillion.
The token has an effective token allocation system in which 70% is for total supply and the remaining 30% is for buy tax, sale tax, marketing, holders, and totally burned.
Additionally, the all-time high recorded for the token is $0.000000003902, whereas the all-time low is $0.000000000001.
Buying and Storing The Meme Coin
Purchasing the BABYCATS token requires downloading and installing a crypto wallet. MetaMask wallet and Binance Chain wallet support the respective meme coin.
After creating an account, the next step is to add BSC, buy a BNB token from the exchange, and transfer the same into the connected wallet. Once done, the user can swap the BNB tokens for the BABYCATS coin on PancakeSwap.
Here is a systematic procedure to buy a BABYCATS token.
- The very first step is to choose a crypto wallet and create an account on the same. Emphasizing features like payment mode, digital asset support, and regulations helps in choosing the best wallet.
- Setting up the wallet requires personal details and strong password creation for safety purposes. Once done, the next phase is to buy a base currency that can be swapped for the BABTCATS token.
- Buying BNB tokens will make the token purchase process easier. Here, try to choose a cryptocurrency exchange that supports most digital assets and different payment modes like direct bank transfer, credit/debit card, third-party application, or digital assets.
- After purchasing the digital asset, transfer it to the wallet for further processing. The next step is to choose a decentralized exchange (DEX) from where the final purchase for the BABYCATS token will be made. While choosing the DEX, ensure that the exchange supports the token and the crypto wallet. Here, Pancake Swap can be selected.
- The final stage is swapping the purchased token for the BABYCATS token by selecting the token from the list and entering the purchase amount. Additionally, if the token is unavailable on the exchange, the user can go for the smart contract address available on the etherscan or bscscan.
Conclusion
Baby Cat Coin, known as BABYCATS, has engraved its niche in the meme land. Launched by supporters of Elon Musk, it streams on the BSC and delivers unique features like credit cards for crypto and a live DEX. With a design that rewards holders and a community-driven approach, BABYCATS aims to be more than just a digital asset; it’s a symbol of the playful spirit of the crypto world. As it continues to grow and evolve, BABYCATS showcases the potential for meme coins not only to entertain but also innovate within the cryptocurrency space.
FAQs
What makes the BABYCATS token unique?
The meme Coin offers a unique proposition with features like credit cards for crypto, a live decentralized exchange, and a holder reward system that provides passive income. Its quick transaction time and community-driven development also distinguish it from its peers.
What is the reward system for the BABYCATS token holders?
Whenever a transaction is made with the token, 5% of the transaction value is automatically distributed to the wallets of token holders, offering them a chance to earn passive income.
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.
