FAQ

BABYSHIB is a standout, community-focused meme token that thrives on meme culture with aspirations to cultivate its own ecosystem. Diverging from conventional meme tokens, $BABYSHIB is an integral part of the broader ethFamily, utilizing a prominent blockchain to incorporate cutting-edge methods along with its inherent viral qualities to garner significant attention and enthusiasm.

We selected this blockchain owing to its superior functionality and security. The platform's sophisticated technology, including smart contracts and comprehensive security measures, makes it an optimal base for BABYSHIB, allowing us to tap into its extensive features and well-established network.

Staking within the BABYSHIB realm entails locking away a certain amount of BABYSHIB tokens for a set time to accrue rewards. This mechanism motivates users to hold onto their tokens and engage more deeply with the BABYSHIB ecosystem, boosting both personal rewards and the network's overall vitality.

A DEX, or Decentralized Exchange, is a cryptocurrency exchange platform that operates on a decentralized basis, typically powered by blockchain technology. It facilitates direct, intermediary-free trading between users through smart contracts and peer-to-peer networking, offering enhanced security and trading autonomy.

Conversely, a CEX, or Centralized Exchange, is a crypto exchange platform managed by a central authority. Unlike DEXs, CEXs serve as middlemen in trades, providing a more conventional trading setting.

Tokenomics outlines the economic and structural principles of a cryptocurrency or token, covering aspects like supply, distribution, utility, and governance. These elements dictate the token's functionality and its value within its ecosystem.

Token burning is the deliberate process of eliminating a portion of tokens from circulation, typically by sending them to an unusable address or smart contract. The main goal of token burning is to decrease the total supply, creating scarcity and possibly increasing the value of the remaining tokens in the ecosystem.