According to Odaily, Baby Doge has announced on platform X that it has proposed to abandon its token contracts on Ethereum and BNB Chain. The move is aimed at further decentralization, enhancing trust and transparency within the community, and reducing the risk of administrative abuse or central control. The related proposal has now been put to a vote, with the voting period set to end on June 5th. As of now, the proposal has received 100% approval from the community.
This decision by Baby Doge is a significant step towards decentralization, a concept that is central to the ethos of many cryptocurrencies. By abandoning its token contracts on Ethereum and BNB Chain, Baby Doge is aiming to reduce the risk of central control and administrative abuse, thereby increasing trust and transparency within its community.
The proposal has been well received by the community, with a unanimous approval rate so far. The voting period is set to end on June 5th, and if the proposal is approved, it could mark a new chapter in Baby Doge's journey towards decentralization. This move could potentially set a precedent for other cryptocurrencies to follow in the future.