This Integration Will Make The Baby Doge Coin Boom
Crypto News Today: OKX announced in a tweet that its wallet now supports the BabyDogeSwap web extension. BabyDogeSwap, an exchange platform with the lowest fees on Binance’s chain, was launched in October 2022.
Star Xu founded OKX in 2017, a crypto and derivatives exchange based in Seychelles. OKX has over 20 million users from 100 countries. It is a multichain decentralized wallet. It is decentralized and gives users full control.
To use the BabyDogeSwap with the OKX wallet you will need to download the web extension. Once you have downloaded it, you can create a wallet or add the extension to an existing wallet. Next, you will need to backup the recovery password. Next, you can add funds using one of the three methods. Once you have added funds, you can begin transactions.
Impact on BabyDoge coin
The BabyDoge coin continues its slide despite this integration with the exchange. The price of BabyDoge is down 15.02% as of press time. The market cap is 333.07 millions USD. Each BabyDoge token trades at 0.000000002936 US Dollars. The trading volume has increased by 28.38% over the past 24 hours. BabyDoge accumulated 230,000 USD coins on February 5. Source: coinmarketcap
Also, read: Bitcoin (BTC), Can Correct Up to 70% If the US Goes into Recession This Year
What is BabyDogeSwap exactly?
BabyDogeSwap is a well-known decentralized trading platform (DEX) that allows trades in BEP-20 tokens on the BNB Chain. It is one of the most popular DEXs in the baby-doge community and the largest exchange in BNB Chain. The exchange’s automated market maker architecture (AMM), allows users to swap against a liquidity pool. You can sign up to be a liquidity provider in exchange for your LP tokens. This entitles users to a portion the swap costs. You can read more Crypto News
Holders of LP tokens may also engage in yield farming to acquire BabyDoge (the utility token for the swap). The token can be staked in flexible or fixed-term staking in “Farms” and “Pools”. Users pay less for swaps if the BabyDoge token remains in their wallets.
Also, read: Cryptocurrency Prices Today – 3 Hidden Gems To Purchase On This Dip
About the author
The content presented may contain the author’s personal opinion and is subject to market conditions. Before investing in cryptocurrency, do your market research. The publication or the author are not responsible for any financial loss.