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- The protocol has launched an aggregator that enables users to trade tokens with one another.
- DEX users also have the option to utilize its complimentary token locker.
Baby Doge Coin (BABYDOGE), a rival to Shiba Inu, has unveiled its own decentralized exchange platform named BabyDogeSwap. With the introduction of BabyDogeSwap, the memecoin community gains access to services that were previously unavailable. The protocol has launched an aggregator that enables users to trade tokens with one another.
https://t.co/UAopqn3msj is live!
-Users can swap using our aggregator
-create farms & pools on demand,
-use our free token locker,
-checkout our NFTs,
-get a #Babydoge virtual crypto card to spend your crypto,
-use our burn portal to burn your baby doge to get lower buy… pic.twitter.com/hrYrnZtiic— Baby Doge (@BabyDogeCoin) June 18, 2023
Beyond basic token trading, DEX users can take advantage of its free token locker, explore Non-fungible Tokens (NFTs), and create farms and pools as needed. While Shiba Inu’s ShibaSwap was the first of its kind, BabyDoge is recognized for being the first to establish a decentralized exchange (DEX).
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Long Way to Go
As ShibaSwap has emerged as one of the leading Decentralized Finance (DeFi) trading platforms, many are eager to see if BabyDogeSwap will surpass it.
Data from CMC indicates that ShibaSwap currently maintains a daily trading volume nearing one million dollars. BabyDoge, the memecoin, aims to develop a new trading platform while leveraging innovations that will benefit its community members and enhance the value of its token.
The company has stated that those who use their token burn feature to eliminate their BabyDoge will qualify for reduced trading fees on the new exchange.
Additionally, an ‘on-ramp’ feature will be integrated into a ‘Virtual Crypto Card’ allowing users to withdraw funds from their accounts and utilize the card for purchases. The launch of BabyDogeSwap, which has garnered over 1.9 million Twitter followers, is expected to foster increased optimism regarding the future of its ecosystem.
