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The team behind the meme-inspired cryptocurrency $BABYDOGE has, in an ambitious bid to enhance the projects security, proposed a token burn of up to 100 quadrillion BABYDOGE tokens that have been dormant on the Ethereum network since the project launched.

The proposal includes a drastic tax reduction for transactions of the meme-inspired cryptocurrency on Ethereum to zero, and is currently being voted on by the cryptocurrencys community. The proposal came following a positive response from the community in a recent Twitter poll.

While the polls outcome demonstrated broad approval for the proposal, the team has underscored the necessity of a formal proposal to guarantee compliance with all requisite protocols.

The burn of 100 quadrillion tokens is intended to fortify the projects security framework and deter potential misuse by bad actors. The tokens set to be burned hold a substantial current market value of approximately $209 million.

However, its important to clarify that the targeted tokens for this burn, though representing a substantial portion of the assets total supply, are not part of the circulating supply.

The team anticipates preserving some BABYDOGE tokens on the Ethereum network to facilitate investors continued bridging of assets between the Ethereum network and the Binance Smart Chain. Should the community approve the proposal and proceed with the 100 quadrillion token burn, an estimated 85 quadrillion BABYDOGE will remain on Ethereum for bridging purposes.

If the proposal is approved, the tokens transaction tax on Ethereum will drop to zero within 24 hours, but the token burn will only occur on June 1.

As CryptoGlobe reported, BABYDOGE was listed on major cryptocurrency exchange KuCoin earlier this year after seeing its price surge over 250%. KuCoin is a leading global cryptocurrency trading platform with a 24-hour trading volume of over $800 million, that supports over 700 digital assets across a growing number of trading pairs.

BABYDOGE, its worth noting, was launched on top of the Binance Smart Chain network, while SHIB and other memecoins were launched on top of Ethereum. As CryptoGlobe reported, the number ofwallet addresses holding BabyDoge has at one point surpassed those holding onto Shiba Inu.

The meme-inspired cryptocurrency was developed as a hyper-deflationary token looking to become an improved version of Dogecoin, while championing its mission of rescuing dogs. Each BABYDOGE transaction is taxed at 10%, 5% of which are distributed to token holders and 5% of which are allocated to a liquidity pool.

The project has been burning an increasing number of tokens over time in a bid to reduce its circulating supply.

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$BABYDOGE Proposes Historic Burn of 100 Quadrillion Tokens - CryptoGlobe

May 8, 2023 by Diana Ambolis

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The concept of a metaverse, a virtual world where people can interact with each other and digital objects in real-time, has been around for decades. However, recent advancements in technology and the rise of blockchain have made the idea of an open and interoperable metaverse more attainable than ever before. This article will explore the

The concept of a metaverse, a virtual world where people can interact with each other and digital objects in real-time, has been around for decades. However, recent advancements in technology and the rise of blockchain have made the idea of an open and interoperable metaverse more attainable than ever before. This article will explore the benefits of an open and interoperable metaverse and provide examples and case studies to support our argument.

An open interoperable metaverse is a virtual world that is not owned by any single entity and can be accessed and interacted with by anyone. In an open metaverse, anyone can create and own digital assets that can be used across different platforms and applications. Interoperability refers to the ability of different metaverse platforms and applications to communicate and interact with each other seamlessly.

Benefits of an Open Interoperable Metaverse

An open and interoperable metaverse provides more opportunities for developers to create innovative applications and digital assets. In a closed metaverse, developers are limited to the capabilities of a single platform, which can stifle innovation. In an open metaverse, developers can create applications and assets that can be used across different platforms, leading to more creative and diverse experiences for users.

An open and interoperable metaverse also leads to increased user engagement. With the ability to access and interact with different applications and platforms, users are more likely to spend time in the metaverse, leading to increased engagement and monetization opportunities for developers.

An open and interoperable metaverse also provides greater economic opportunities for individuals and businesses. In a closed metaverse, the value of digital assets is limited to a single platform, but in an open metaverse, digital assets can be used across different platforms, leading to greater liquidity and value. This also opens up new opportunities for businesses to monetize their digital assets and create new revenue streams.

Decentraland is a virtual world built on the Ethereum blockchain that allows users to create, experience, and monetize content and applications. Decentraland is completely open and decentralized, allowing anyone to create and own digital assets that can be used across different applications and platforms.

Somnium Space is a virtual world built on blockchain technology that allows users to create and monetize content and experiences. Somnium Space is completely open and interoperable, allowing users to access and interact with different applications and platforms seamlessly.

The Sandbox is a virtual world built on blockchain technology that allows users to create, share, and monetize content and experiences. The Sandbox is open and interoperable, allowing users to access and interact with different applications and platforms seamlessly.

These case studies demonstrate the potential of open interoperable metaverse projects in providing increased economic opportunities and fostering innovation through the interoperability of different platforms and applications. As blockchain technology continues to advance, the development of open and interoperable metaverse projects presents an exciting future for virtual worlds and digital asset ownership.

Also, read Is Web3 Going To Pave The Path Of Metaverse Digital World?

The concept of an open and interoperable metaverse presents numerous benefits for developers, users, and businesses alike. An open and interoperable metaverse provides more opportunities for innovation, increased user engagement, and greater economic opportunities through the ability to access and interact with different applications and platforms seamlessly. Examples such as Decentraland, Somnium Space, and The Sandbox, as well as case studies of projects like Cryptovoxels and Binance Smart Chain, demonstrate the potential of an open and interoperable metaverse in providing increased economic opportunities and fostering innovation through the interoperability of different platforms and applications.

As blockchain technology continues to advance, the development of an open and interoperable metaverse presents an exciting future for virtual worlds and digital asset ownership. With the potential for increased engagement and revenue streams for developers and businesses, and more creative and diverse experiences for users, an open and interoperable metaverse truly is better for everyone involved.

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Why An Open Interoperable Metaverse Is Better For Everyone - Blockchain Magazine

The cryptocurrency market is full of surprises, and some unexpected projects have shown impressive gains in recent years. One such project is Pepe, a cryptocurrency token that has seen incredible price surges in a short period. Now, experts are predicting that RenQ Finance (RENQ) could repeat Pepes success.

Pepe, a viral Internet meme, has caused a significant stir in the cryptocurrency market. The coin, which launched recently, has made headlines and driven the price up more than 250% in the last 24 hours. One early investor turned $250 into $1.14 million in just four days, making headlines and drawing the attention of investors and fans alike.

The Pepe coin is just one example of the increasing popularity of meme coins like Dogecoin and Shiba Inu, which have attracted the attention of investors and fans as the cryptocurrency sector continues to develop in unexpected ways.

RenQ Finance (RENQ) is another cryptocurrency that experts believe has the potential to replicate the success of Pepe. RenQ aims to provide a one-stop solution for all kinds of traders under one platform in the DeFi world, empowering its users with a comprehensive solution by providing them with a platform that has the benefits of a centralized exchange and beyond.

Like Pepe, RenQ is community-driven, and governed by its community via forum discussions and voting on proposals by RENQ holders. RenQs ecosystem includes a multi-chain DEX, never-ending liquidity, a multi-chain all-in-one wallet, an aggregator, perpetual futures, a vault, a lending protocol, and a DeFi and NFT launchpad.

RenQ Finance has already raised more than $16 million in its presale, exceeding the expectations of many experts in the industry. The platform is poised to launch soon, and experts believe it has the potential to gain 5000% in 2023 alone.

While meme coins like Pepe have captured the attention of the cryptocurrency community, there is no denying that the potential for massive gains exists in more traditional cryptocurrencies like RenQ Finance. With its innovative approach to DeFi and its strong community support, RenQ has the potential to become a major player in the cryptocurrency market in the coming years.

RenQ Finance (RENQ) is a DeFi project that aims to connect all isolated blockchains and establish a cross-chain asset exchange network. RenQ Finance has been gaining a lot of attention in the crypto world, and experts believe it could replicate Pepes success.

One of the reasons experts are optimistic about RenQ Finance is its innovative platform that provides a one-stop solution for all kinds of traders under one platform in the DeFi world. The platform offers a multi-chain DEX, never-ending liquidity, a yield optimizer vault, a lending protocol, and more.

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RenQ Finance has already raised over $16.3 million in its presale, which shows that investors have confidence in the project. The current listing price is 0.070 USDT, which is higher than the presale price of 0.055 USDT. This indicates that RenQ Finance is gaining momentum and has the potential to repeat what Pepe did.

Experts believe that RenQ Finance could gain up to 10x more in 2023, given its potential for growth and strategic partnerships. The platforms community-driven governance model is also a positive sign for investors, as it ensures transparency and decentralization.

RenQ Finance has already established partnerships with other projects, including Polkadot, Binance Smart Chain, and Polygon, which is a good indication of its potential. These partnerships will provide RenQ Finance with access to a wider user base, which will help the project grow.

RenQ Finance has the potential to repeat what Pepe did and see massive gains in the coming years. The platforms innovative features, community-driven governance, and strategic partnerships make it an attractive investment option for both experienced and novice investors.

However, as with any investment, it is important to conduct thorough research and due diligence before investing in RenQ Finance or any other cryptocurrency project. It is also important to note that the cryptocurrency market is volatile, and prices can fluctuate rapidly. Therefore, investors should be prepared for potential risks and losses.

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Website:https://renq.ioWhitepaper:https://renq.io/whitepaper.pdf

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.

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Will RenQ Finance (RENQ) repeat what Pepe (PEPE) did? Experts ... - Crypto News Flash

Binance Coin (BNB) and RenQ Finance (RENQ) are two cryptocurrencies that have been generating significant buzz among investors recently.

The market sentiment has turned positive for these coins, and many experts believe that they are set to explode in value shortly. In this article, we will examine the reasons behind the positive market sentiment and why investors should consider adding these coins to their portfolios.

Binance, the world*s largest cryptocurrency exchange in terms of daily trading volume, was launched in July 2017 to bring cryptocurrency exchanges to the forefront of global financial activity. The name "Binance" represents a new paradigm in global finance, known as Binary Finance.

Binance has evolved into an ecosystem of various functionalities for its users since its launch, including the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet, and research projects. The power of blockchain technology is utilized in all of these Binance sub-projects to bring new-age finance to the world. BNB plays a critical role in the successful operation of many of these sub-projects.

Click Here to Join RenQ Finance (RENQ) Presale.

Investor interest in BNB has increased significantly since its launch. At the start of 2021, BNB experienced a significant price surge, which brought it to the attention of enterprise investors.

Binance has implemented measures such as BEP-95 to upgrade the already deflationary tokenomics, making BNB even more deflationary. As a result of the proposal, gas fees on Binance Smart Chain have decreased even further, as a portion of the fees is burned to further decentralize the network. This proposal was modeled after Ethereum*s well-known EIP-1559.

These measures have helped Binance overcome several exploits of protocols on BSC, such as the $200M Pancake Bunny exploits and various Cream Finance hacks. Despite these hacks, users continue to return to Binance for its low fees and the abundance of lucrative meme coins in its ecosystem.

RenQ Finance (RENQ) is a decentralized finance (DeFi) project that aims to provide a unified platform to connect all isolated blockchains and establish a cross-chain asset exchange network. RENQ holders will be able to participate in decentralized exchanges, liquidity provision, staking, and other DeFi applications.

One of the main reasons why RenQ Finance is expected to explode in value is its unique value proposition in the DeFi market. While there are many DeFi projects out there, RenQ Finance is one of the few that is focused on creating a unified platform for all isolated blockchains. This could potentially bring significant value to RENQ holders, as the project aims to provide all necessary underlying support for the DeFi ecosystem.

In addition, RenQ Finance has been making significant progress in its development roadmap. The project is currently in the final stage of its presale, which is 88% filled at the time of writing. RenQ Finance aims to launch two months ahead of schedule, which is a positive sign for investors who are looking for a project that is making progress toward its goals.

Binance Coin (BNB) and RenQ Finance (RENQ) are two cryptocurrencies that are expected to explode in value as the market sentiment turns positive. Binance Coin is benefiting from the strong performance of the Binance exchange and its growing ecosystem, while RenQ Finance is offering a unique value proposition in the DeFi market.

Both coins have the potential to generate significant returns for investors in the coming months and years. As always, investors should do their research and consider their risk tolerance before investing in any cryptocurrency.

Click Here to Buy RenQ Finance (RENQ) Tokens.

Visit the links below for more information about RenQ Finance (RENQ):

Website: https://renq.ioWhitepaper: https://renq.io/whitepaper.pdf

"Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions."

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Binance Coin (BNB) and RenQ Finance (RENQ) are set to explode as the market sentiment gets positive - mid-day.com

Ethereum, the biggest altcoin, has seen a surge in interest, with its value skyrocketing over the years. The networks rise in popularity and value gave birth to an uncountable amount of forks and new projects supporting smart contracts and dApps.

With ETHs price skyrocketing, Ethereum whales became significant players in the market. These individuals or entities can considerably impact the market and influence the price of the whole crypto market.

However, the development of Ethereum could be faster-moving clockwork. Hence the Ethereum 2.0 upgrade was anticipated for years. With its final rollout in 2023, the chain moved from Proof-of-Work (PoW) to Proof-of-Stake (PoS), ultimately becoming more environmentally friendly and scaleable.

Before delving into the details of the Avorak AI Golden Ticket event, it is essential to understand what a crypto whale is and the impact it can have on the market. The term crypto whale refers to an individual or entity that holds a substantial amount of a particular cryptocurrency. In the context of Ethereum, a whale would be someone with a significant amount of ETH in their possession.

Crypto whales often have a considerable influence on the market due to their vast holdings. In some cases, they can single-handedly shift the price of a cryptocurrency by executing large buy or sell orders. As a result, their actions can create ripples in the market, affecting other investors and traders. It is not uncommon for crypto whales to be the subject of speculation and discussions within the crypto community.

The Avorak AI Golden Ticket event has piqued the interest of investors, including a prominent Ethereum whale. The event offers participants an impressive 500% bonus, making it a highly attractive investment opportunity. So, what exactly is the Avorak AI project, and why has it captured the attention of an Ethereum whale?

Avorak AI is a decentralized AI cryptocurrency that aims to revolutionize the AI sector. The platform combines blockchain technology and AI to create a secure, transparent, and efficient ecosystem for developing and implementing AI solutions. By leveraging the infrastructure of the Binance Smart Chain, Avorak AI seeks to eliminate the existing barriers in the AI industry, such as high costs, lack of transparency, and centralized control.

However, the Golden Ticket event is a unique opportunity for investors to participate in the growth of the Avorak AI project. By offering a 500% bonus, the event encourages investors to support the platform and benefit from its future success. The involvement of an Ethereum whale signifies the potential of the project and its appeal to large-scale investors. With such a significant investment from an influential player in the market and the current trend surrounding AI, the future of Avorak AI looks more than promising.

The Avorak AI Golden Ticket event, with its impressive 500% bonus, has undoubtedly captured the attention of investors and the Ethereum community. The fact that an Ethereum whale has decided to invest in the project speaks volumes about its potential and the impact it could have on the AI industry. As Ethereum news continues to unfold, it will be interesting to see how the project develops and how it shapes the future of AI.

Website: https://avorak.ai

Buy AVRK: https://invest.avorak.ai/register

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Avorak AI "Golden Ticket" event sparks investment from Ethereum ... - Analytics Insight