Baby Dogecoin announced its long-awaited swap is ready to launch in a tweet on Wednesday, adding that its TestNet would go live in less than a week, giving lucky users the chance to be beta testers.
“BabyDoge is honored to announce our swap is complete! We invite the entire community to join us when TestNet goes live,” Baby Dogecoin tweeted.
Furthermore, the doggy meme token reveals that its DEX will provide users with more than just the ability to exchange one Binance Smart Chain (BSC) token for another. Users will also be able to farm and stake their tokens using the swap, according to BabyDoge. In addition, users would also be able to hold BabyDoge for less money and receive a free token locker.
It should be noted that BabyDoge first announced its plans to launch a swap in April, stating that it would include burn features. Then, in June, a tweet revealed that its DEX would charge as little as 0% in fees.
Notably, the doggy meme coin is gaining popularity and is on track to become the third man in the doggy meme coin race in just over a year. In April, the meme coin overtook Dogecoin and Shiba Inu as the third most popular doggy meme coin. Furthermore, according to BscScan, BabyDoge has the most holders, with nearly 1.6 million holders, more than twice the number of Dogecoin holders.
Aside from the increasing utility, users are drawn to the meme coin’s deflationary nature through regular token burning. Notably, in July, BabyDoge burned 50 quadrillion coins worth over $88 million in a single transaction, the largest burn event in crypto history.
BabyDoge announced on Tuesday that it is now ranked 139 on CoinGecko. At the time of writing, BabyDoge is trading at $0.000000001563, up 1.58 percent in the previous 24 hours.