Big burn happening tomorrow! 🔥

$4 million worth of $DOGS & $NOT will be burned live on X

Live streaming on Twitter X 9 Oct at 13:00 UTC.

#WeAreAllSatoshi #BinanceSquareFamily #Dogsburing #Write2Earn!

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🤔🤔🤔🤔What Does it Mean ????? 🤔🤔🤔🤔

That's exciting news! A burn event refers to the intentional destruction of a certain amount of tokens to reduce the total supply in circulation. Here's what this $4 million burn of $DOGS and $NOT could mean:

1. Increased Scarcity: By removing a portion of the token supply from circulation, the remaining tokens become scarcer. This can potentially increase the value of the tokens over time due to the basic supply-demand principle.

2. Price Impact: A burn of this size can create positive sentiment among investors, potentially driving up demand and thus the price of $DOGS and $NOT.

3. Confidence in the Project: A large-scale burn signals commitment from the project team to increase value for token holders. It shows that they are managing the tokenomics to ensure long-term sustainability.

4. Deflationary Effect*: Burns contribute to a deflationary mechanism in the ecosystem, which is often seen as a positive for long-term holders as it can counter inflationary pressures.

By burning $4 million worth of tokens, the project team is likely aiming to create more demand and stabilize or boost the token's price in the market. If done live on X.com (formerly Twitter), it will also add transparency and generate hype.