Baby Musk first came to light in 2021. Its CEO, Grant Liu, declares that this is just the beginning. But a beginning to what? The beginning of a rug pull it appears. The Baby Musk coin was launched on decentralized exchanges, and the price got almost 100% gains in the first trading hour. But it didn't take long before the liquidity was pulled and all investors got burned. Crypto Lists wonder if this token ever caught the attention of Elon Musk? Probably not and there are always lots of coins that impersonate others. You should be careful when there is no white paper, a confusing token name without any naming rights and limited or no utility.
Briefly about Baby Musk
A tribute coin is a cryptocurrency that is a homage to a person or entity. In this case, we rather see Baby Musk token as impersonating Elon Musk. They claimed that the coin's purpose was to create awareness about a person or entity that the coin's creator is inspired by. In this case, the Baby Musk coin is a tribute to Elon Musk.
The Biggest Scam Coin in February 2022 was a Meme Token - Baby Musk did a rug pull.CryptoLists.com
BABYMUSK is a cryptocurrency that has been developed to be used in the BABYMUSK ecosystem. It was supposed to be used for transactions, rewards, and incentives. BABYMUSK was a BEP-20 token that follows the Ethereum blockchain protocol, before they pulled off a rug pull. Baby Musk Coin is one of the worst coins you could be unlucky to invest in lately.
Utility of Baby Musk?
To begin with, the Baby Musk coin is a token that tried to make use of Elon Musk's name, characteristics and persona.
The primary goal of this token was announced to create an environment where members could trade and support the idea of Elon Musk as a baby. Unfortunately, this scam token was created solely to confuse and make money from users investing in it.
Baby Musk Price detailsBSC Contract address: 0x0b1Ff525E092a98210eD150F8B08313F646847D6
Advantages at Baby Musk+ A low market cap.
+ Burning 50%+ of the supply within a year from launch.
Disadvantages- Baby Musk token never came out of the developmental stage.
- Baby Musk Token doesn't have an app yet - neither any liquidity.
- Seems to lack a proper purpose?
Costs▪ Rated at 0/10
For every transaction, BABYMUSK holders was supposed to get a percentage of the rewards in BTC, and another percentage goes to the liquidity pool. If it sounds to good to be true - it often is.
Reputation and Buzz▪ Reputation rated at 0/10
▪ Buzz rated at 2/10
The Baby Musk Coin has been around for about two years before they initiated the rug pull.
Who is the founder of Baby Musk Coin?
The coin was founded by CEO Grant Liu.
How much is the sell tax on Baby Musk?
On Baby Musk's official website, they initially put the sell tax at 10%, before increasing it to 20% and later 50%.