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Price
0.00044796 USD
% Change
3.47%
Market Cap
15.1M USD
Volume
1.32M USD
Circulating Supply
33.8B
Dogechain DG: Token Burn
The burn proposal means that a significant portion of the unreleased supply will be burned after July 23rd.
Event date: July 2023 UTC
What is coin (token) burn?
A coin (token) burn is a process of sending a certain amount of cryptocurrency to a public address that has unobtainable private keys. In the future, the sent coins cannot be spent, thus the coin burn leads to an overall decrease in the cryptocurrency circulating supply.
Dogechain💜 (Giving away a Tesla)
@dogechainfamily
@dogechainfamily
Did You Know - The Tiered Burn lockup period is in progress!
🗳 After the latest governance vote on https://dogegress.dog/, the community voted to remove the threshold for participation in past and future governance votes.
🔥 This validated the Tiered Burn proposal, meaning that a significant portion of the unreleased supply will be burned after july 23rd.
The burn tiers will be correlated to the amount of $DC locked in the vote-escrow model (veDC) as follows:
🔹Tier 1 - 20% of $DC circulating supply locked - 10% burn
🔹Tier 2 - 30% of $DC circulating supply locked - 15% burn
🔹Tier 3 - 40% of $DC circulating supply locked - 20% burn
🔹Tier 4 - 50% of $DC circulating supply locked - 25% burn (max)
Currently, 17% of the circulating supply is locked, with just a small step needed for a 10% burn (20 billion $DC tokens)
███▒▒▒▒▒▒▒▒ 17% Loading
$DC holders have until the 23rd of July to lock up their tokens and contribute towards a higher token burn 🧨
🔒Lock and stake your tokens here: https://dive.dogechain.dog/pos/locker
Let’s do this together Shibes! 🤝
🗳 After the latest governance vote on https://dogegress.dog/, the community voted to remove the threshold for participation in past and future governance votes.
🔥 This validated the Tiered Burn proposal, meaning that a significant portion of the unreleased supply will be burned after july 23rd.
The burn tiers will be correlated to the amount of $DC locked in the vote-escrow model (veDC) as follows:
🔹Tier 1 - 20% of $DC circulating supply locked - 10% burn
🔹Tier 2 - 30% of $DC circulating supply locked - 15% burn
🔹Tier 3 - 40% of $DC circulating supply locked - 20% burn
🔹Tier 4 - 50% of $DC circulating supply locked - 25% burn (max)
Currently, 17% of the circulating supply is locked, with just a small step needed for a 10% burn (20 billion $DC tokens)
███▒▒▒▒▒▒▒▒ 17% Loading
$DC holders have until the 23rd of July to lock up their tokens and contribute towards a higher token burn 🧨
🔒Lock and stake your tokens here: https://dive.dogechain.dog/pos/locker
Let’s do this together Shibes! 🤝
DG Price Changes After Event Publication
0.28%
1 hour
0.52%
3 hours
1.52%
1 day
2.31%
2 days
33.80%
Now (Added 1 year ago)
The event is about to begin
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Added by
Alika
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