đš $DOGS and $NOT to Burn Tokens Worth $4M in Massive Community-Led Event! đš
In a groundbreaking move, Telegram-based crypto projects DOGS and $NOT are preparing for a highly anticipated token burn event on October 9, 2024, at 1 PM UTC, live-streamed on X (formerly Twitter). This community-driven initiative will permanently remove approximately $4 million worth of tokens from circulation, marking a pivotal moment for both projects and their ecosystems.
đ„ Why This Burn Matters â Critical Impact on Token Value! đ„
DOGS Will burn 4.8 billion tokens, while $NOT will join the event to remove additional tokens, bringing the total value removed from the market to around $4 million. This deflationary action is expected to increase token scarcity, potentially leading to long-term value growth for current holders.
The decision was driven by community governance, demonstrating the projects' commitment to decentralization.
In addition to the burn, DOGS ll donate 6 billion unclaimed tokens (valued at $4.5 million) to charitable causes such as animal welfare and child support, further aligning with its values of social responsibility.
How the Burn Works â Prepare for Market Shifts!
On October 9th, unclaimed tokens from both projects will be transferred to a âburnâ address, removing them permanently from circulation. This move is designed to create scarcity within both token ecosystems, reducing inflationary pressure and potentially strengthening the value of active tokens.
đš A Defining Moment for DOGS $NOT â Get Ready for the Shift! đš
The upcoming token burn and donation marks a critical turning point for both projects. As DOGS $NOT reduce their token supply, this deflationary action could have long-term benefits for holders, driving increased value and fostering a sustainable future.
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