Proposal: Implementing a 5 Quadrillion Baby Doge Burn on BSC

Proposal: Implementing a 5 Quadrillion Baby Doge Burn on BSC

In light of our current liquidity position and market dynamics, we present the proposal to initiate a 5 quadrillion Baby Doge burn on the Binance Smart Chain (BSC).

To rationalize this proposition, we intend to incorporate surplus LP tokens from the BDSwap into our burn. The rationale behind this lies in our current liquidity status, which significantly surpasses both recommended liquidity benchmarks outlined in Ape Swap liquidity ratings and industry averages. While maintaining a robust liquidity, our aim is to align ourselves within the range of the recommended liquidity amount while still retaining a liquidity balance well above the initial 178k LP tokens. Worth noting, our liquidity ratio outpaces benchmarks set by Shib and Floki.

To establish a minimum liquidity threshold, our plan ensures that we maintain a minimum balance of 180k Cake-LP tokens, thereby sustaining healthy liquidity ratio levels. Any amount exceeding this may potentially be burned.

As evidence of our adherence to the original LP token balance, documentation is available: https://bscscan.com/tx/0x46e3419f0a76fd824ac176041edcf22c7ab2ee49d4dd31ac4f627744b232eaed

Moreover, it's pertinent to highlight that 90k LP tokens have been permanently burned and cannot ever be removed. For verification purposes, this transaction record can be accessed: https://bscscan.com/token/0xc736cA3d9b1E90Af4230BD8F9626528B3D4e0Ee0?a=0x000000000000000000000000000000000000dead

Acknowledging that our current liquidity surplus remains largely untapped due to comparatively lower trading volumes, our proposition involves incorporating these excess LP tokens into the monthly burn. This strategic move is anticipated to facilitate the burn of an estimated 5 quadrillion Baby Doge tokens from circulation. BNB allocation will be directed to the team

It's crucial to emphasize that these LP tokens do not constitute the initial liquidity, but rather represent the surplus generated by the protocol. The proposed action is not obligatory but reflects our commitment to considering community feedback.

If successful the burn will be carried out on October 1st (or shortly after). This achievement will set the total burn % to be over 50% of the supply!