As of December 2024, Dogelon Mars has burned a significant amount of its ELON tokens. Initially, 50% of the total supply, equaling 500 trillion tokens, was sent to Ethereum co-founder Vitalik Buterin, effectively removing them from circulation. Additionally, in April 2024, Dogelon Mars burned $350,000 worth of ELON tokens (equivalent to 1 trillion tokens) after transitioning to a DAO governance model and responding to a community-driven proposal.
For the latest details on token burns, you can visit the official Dogelon Mars burn tracking page here.
Dogelon Mars token burns are conducted through strategic transfers of ELON tokens to wallets that are inaccessible, effectively removing those tokens from circulation permanently.
1. Initial Burn by Developers: When Dogelon Mars launched, its developers sent 50% of the total 1 quadrillion token supply (500 trillion ELON) to Vitalik Buterin, Ethereum's co-founder. This was done as a symbolic act similar to Shiba Inu's token burn. Buterin later donated or burned many of these tokens, removing them from circulation.
2. Community-Driven Burn in 2024: In April 2024, Dogelon Mars adopted a DAO governance model, enabling community-driven decisions. Following a proposal, the DAO burned $350,000 worth of ELON tokens, equivalent to 1 trillion tokens. This action was supported by an anonymous donor who contributed tokens for charity
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