Thriving as a popular cryptocurrency meme token recognized for streamlining charity and donation collections, Baby Doge is all set to take a big leap by launching a plethora of products including a wallet, an exchange, an app, and a debit card for users.
With the newly-launched diversified suite of products, the comic-token community is looking forward to achieving global expansion. The Baby Doge is built on the Binance Smart Chain network. Baby Doge came into focus when Tesla chief, Elon Musk showered a lot of support for the project on his Twitter page. Apart from being used as a meme currency, Baby Doge is a popular charity-based token channel, facilitating charitable donations for unhoused dogs.
A pool of New Launches by Baby Doge
On September 5, 2021, the Baby Doge team shared a tweeted about the upcoming launch of its product suite. These services will help the firm to establish its brand in the industry by earning strategic partnership support from top-tier firms and projects willing to nurture the Baby Doge ecosystem. The customers will be allowed to spend their Baby Doge assets with millions of merchants in a safe and secure environment. The impressive product line will help users to purchase products through Baby Doge tokens using the Debit Card easily.
The powerful application designed by the team comes packed with plenty of lucrative features for the participants. It will be accessible on Android as well as iOS portals. The use of TextBit technology will allow customers to text BabyDoge to any person across the globe through a telephone number. The app will allow:
- Loading of fiat balances through bank transfers
- Purchasing of crypto assets
- Spending tokens at will
- Exchanging crypto for fiat money
The Faulty Side
The analysis of the Baby Doge platform by field experts has indicated that dealing with the token using its native debit card might not be a feasible financial choice. This is because each transaction through Baby Doge includes a 10% transaction tax which increases the cost for the user significantly.
The 10% charge is in addition to other taxes such as Sales tax and IVA. Where other financial tools offer various incentives to attract customers, Baby Doge is likely to add a burden on the customer’s pockets by levying extra charges.
The recent trend of alt-coin products launching new services to expand their cluster has become quite common. These tactics used by firms to lure customers work well for creating hype in the market space. However, as and when the hype falls, the demand for the token drops dramatically. It will be interesting to see whether Baby Doge manages to sustain its hold in the industry while facing adverse conditions and competition from new entrants as well as existing firms.