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Dogechain Initiates The Burn Of 800 Billion DC As Proposed

31Oct

By OLAJIDE SAMUELNo Comments

Cryptocurrency

Dogechain Initiates The Burn Of 800 Billion DC As Proposed

The dogechain team recently revealed that they will be setting on fire 80% of Dogechain which represent a whopping 800 billion DC following the community’s vote. The recent tweet shared by Dogechain shows that the proposed amount of Dogechain has been incinerated. The total burn is worth $2.24 billion at the current exchange rate. Read Also: New Whale Purchases A Whopping 3.369T SHIB, Worth $40.80M As Trade Volume Goes Beyond One Billion https://twitter.com/DogechainFamily/status/1586967303853334529 800 Billion DC Is Burned “Important Announcement – 80% Supply Burn Completed. As proposed and voted by the community, the Dogechain team irrevocably destroyed 800 billion DC tokens,” Dogechain noted in an announcement. The team also shared the link to th...

Dogechain Confirms It Will Burn 80% Of Its Total Unreleased Supply In A Few Days, 800 Billion Dogechain To Be Burned

Dogechain has gotten into the business of making the token a better one as the community recently confirmed that it will burn 80% of its total unreleased supply in a few days, the percentage represents 800 billion Dogechain. It is worth noting the proposal’s voting exercise resulted in 99.99% of participants supporting the move to burn a large percentage of the token’s unreleased supply. Dogechain noted that a total of 560 million DC were locked, which surpassed the vote threshold. Read Also: Proposal 6082 Is Officially Live, Users Need To Deposit 1 Million LUNC To Start Voting On Terra Classic Proposal 800 Billion Dogechain To Be Burned Dogechain noted; “Vote passed – The Great Burn has been confirmed… The event will occur on Oct 31. 800 billion DC tokens will be sent to a ...

Dogechain On-chain Stats Tells The Reason For The 300% Spike In Seven Days

It is worth noting that the unofficial Dogechain has hit some milestones which include the 55 million on-chain and 250,000 unique wallets, this is part of the reasons believed to be the cause of its seven-day spike of 300%. It is well known to the crypto industry that the DC has faced with many resistance from different angles and despite this, there has been massive growth in adoption rate, leading to impressive milestones achieved shortly after its launch. Read Also: ETH Biggest Whale Transfers A Whopping 150 Million SHIB To CryptoCom Why Dogechain Has A 300% Spike In Seven Days According to the report shared on the official Twitter handle of the Dogechain, DC successfully hit over 55 million transactions which symbolizes a 10% increase in transaction count on the network i...