Proposal to Lower Fees to 0% on Baby Doge BNB chain Introduction
The community has been requesting to potentially reduce transaction fees on Baby Doge to 0%. This proposal, prepared in response to that request, aims to enhance the accessibility of Baby Doge for a broader audience while shifting power to our community to decide the future through voting and carry the project moving forward.
Rationale for Fee Reduction
Enhanced Accessibility and Adoption:
Lowering fees to 0% may make Baby Doge more accessible to a wider user base:* 0% fees may encourage more frequent usage and transactions Competitive Advantage:
A 0% fee structure positions Baby Doge as a more attractive option compared to other memes with higher transaction costs, potentially drawing in new user adoption and use cases. Considerations
1.No Burns or reflections each transaction:
This change means there will NOT be burns, reflections, or fees collected (other than gas fees) for each on-chain transaction. This decision aligns with our commitment to low fees and simplicity in transactions. After testing lowering the fees on the Ethereum chain, we have seen demand for the same reduced fees on BNB chain. There will be not be burns each month.
2.Project Road map Completion:
With the road map completed, the community's role becomes more vital than ever. With a ton of utility we focus on adoption. This milestone achievement allows us to shift our focus towards reducing user’s fees and empowering ease of use for Baby Doge. This proposal lays the foundation for new contributors to emerge to help lead the community.
Community-Driven Future: The future of Baby Doge will continue to be community-driven. We believe in empowering our community to be the driving force behind the project's growth and direction. The community will continue to use snapshot for proposals and voting moving forward. The community will unite to develop future of baby doge with 0% fees.
Benefits 1.-The community has been requesting lower fees.
Lowering fees to 0% can position Baby Doge as a meme that is easier to interact with. Community Empowerment and Engagement: This change seeks to empower the community, giving every member the ability to directly influence the future of Baby Doge. By removing barriers to entry and making transactions more straightforward, this lays the foundation for adoption and community use of Baby Doge. This proposal marks a significant step in our meme's evolution and the beginning of a new chapter. Baby Doge will remain as a meme known for its light heartedness, charity, utility, & community strength. Baby Doge is firmly rooted in decentralization entrusting the entire community with the responsibility for its success.
Closing Remarks
This proposal is more than just a reduction to 0% in fees; it's a testament to our belief in the power of community-driven initiatives. As a community, let's unite to make Baby Doge have a fee-free future.
As a result of 0% fees, unlocked tokens may be used for funding initiatives including, but not limited to: team & core contributor allocations, project expenses, team & contributor compensation, community initiatives, donations, grants, contests, rewards, which allows for new team and contributors to emerge and more. Tokens maybe allocated among several wallets.
This proposal aims to present the benefits of lowering fees to 0%, while also emphasizing the important role of the community in the ongoing development and success of Baby Doge Coin.
The inherent nature of community powered meme projects carries a significant degree of unpredictability and risk. If approved and adopted by the community., there are no definitive assurances regarding the impact or volatility that the 0% fee update may have on Baby Doge token function, the Baby Doge community, or otherwise.
Our meme is only as strong as our community supporting it. We welcome all members to contribute to the project and spreading memes!
Please note there is NO MIGRATION OR AIRDROP CLAIM REQUIRED. ADDITIONALLY NO CHANGE OF THE TOKEN ADDRESS.
Today you can already visit multiple outlets where the 10% fee is not applied including on Ethereum network and centralized exchanges.
We are looking for over 80% in favor of 0% fees to pass this proposal.