Hello everybody and welcome in again. David Tatera here with CryptoTutorials.org and today I'm excited, we're starting a new project. We are going to go over the 10 best new tokens of June 2021, and today is our BabyDogecoin Review.

There are well over a thousand new tokens that come out every month and I like to keep an eye on a lot of them and see which projects I think are interesting. Which ones might be worth an investment of a little bit of money. Which ones I think came up with a novel and unique way to use the blockchain. Which ones just did some cool marketing. I think all of those things are important when releasing a new token and I like to keep an eye on all of them.

I'm going to go over each token. A little bit of background on it. I'm also going to do a separate video for each token that will explain to you how to purchase it if you want to buy Baby Dogecoin. I'm really excited to share them with you. And today we're talking about the Baby Dogecoin.

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Baby Dogecoin Sales Review

We're going to take a look at the sales right now. It's less than a month old, but you can see since the beginning of the month, it has gone from a fraction of a fraction of a fraction all the way up to a different fraction and back down.

It's a little hard to tell exactly what all these numbers mean, but I did do an estimate and it looks like from the beginning to where we are right now is about 30X. So it's up about 30 times and it still obviously has an enormous amount of potential seeing as how it's only at a $20 million in volume and, and could go very, very much up from there.

Let's take a look at the website. You can see this website is another one of those that's kind of built around being fun. Our Baby Dogecoin review shows it is a community coin. It's a deflationary coin. It's supposed to be fast. It claims transactions are faster than traditional dose, which is one of its advantages. It has very, very fast transactions. It's got some charity in there, saving pets and working with a cause and trying to help out some of the things.

Plus it also did the new thing that everybody seems to like 5% to liquidity, 5% to holders. This is something you've seen with Sheba. You've seen it with Safemoon. You've seen it with a lot of other different tokens recently, 5% to liquidity, 5%, to holders.

Baby Doge Coin Woof Paper

They call it their Woof paper. Here's where they were talking about an average block time is supposed to be less than five seconds versus Shiba Inu 10 to 15 days and less than a minute on Dogecoin. It's supposed to be significantly faster and they think it's obviously much cuter.

You can see it doesn't have a telegram page. It's got an Instagram page and it's got, memes of Babydoge on Lambbos, and it's talking about tomorrow that they're burning three quadrillion tokens. I think there's 42 quadrillion tokens out there, so a little less than 10% burn, like an 8% burn or something like that. So pretty substantial.

On top of that, the coin has been audited. That's a valuable thing, but it does not guarantee that they will not do a rug pool. It's still possible with the way this coin is set up. The owners do own enough that they could potentially do a rug pull. I don't think it's going to happen. They probably wouldn't pull it now with the amount of money in it. But it's possible.

The website passes and looks good. Their BEP-20 contract looks good. They can find all the social medias for the group doing it. Some of the top token holders are listed and they seem to be holding a whole heck of a lot.

We don't know the burn address and then there's a handful of other owners that have a lot. It's not very transparent. Exactly who owns it and why they got the tokens, which is a little bit concerning.

They also cannot figure out where this project is based. We don't know what part of the world it's in. Desert Finance has verified government issued ID for the founder, nothing else about the rest of the team or the people who run it.

It's just a common thing. These charity coins are pretty common. They're not anything unique, not anything terribly original. It's not like one of these where they're figuring out how to stop theft and loss. It's really just kind of a fun and interesting game that seems to keep working.

It does have some positives going for it. The team has been responsive. They're transparent about the fees. Everybody knows the Doge name. It's pretty obvious what it is, but nobody really knows that much about this team.

A Humorous Roadmap

There's the disclaimer and one of the more interesting things I did also find on the site is the roadmap. You can see most everything is based on getting more telegram followers and getting more coin holders. It's really about showing the social proof, marketing the coin and promoting, that is the main thing. There's not a use case that I'm finding.

It's interesting, I would love to hear more if somebody knows about a use case. Some of the charity things kick in as they start getting to some higher values. Here is a quick review of Baby Dogecoin's planned projects. They donate to build a homeless dog shelter at a $25 billion market cap. If it happens to go up to 50 billion, they build an animal sanctuary. I like this one, at a hundred billion, they carve a BabyDoge into a mountain forever being locked as literally the largest meme in history. They're carving it into a mountain as a giant meme. They're forming a religion if they get 500 billion and at a trillion, they're going to have a massive, huge party.

So just a fun token is what it's meant to be. It's meant to be fun, It's not meant to be anything serious, but obviously it's blown up. So no reason not to talk about it. Meme coins are important and there's a lot of money going into them lately.

I appreciate you guys looking through the top 10 list. We've got the entire list up as well as all the different how to buy the coins. Those are important too, if you want to pick up any of these coins. They make it very easy and step-by-step for you.

I hope you enjoyed our Baby Dogecoin Review. Leave me a comment. If you have any thoughts on this whole Doge thing and much Aloha