Categories: CryptoNews

Dogs of Elon Burns 10 Million $DOE Tokens, Valued at $500,000

Today, the Dogs of Elon team announced on their telegram that they have burned 10 million $DOE tokens, worth $500,000. The team has provided an Ethereum transaction as proof of the BURN.

What Is Dogs of Elon?

Dogs of Elon ($DOE) is an emerging NFT and crypto project that is aimed at the meme coin hodlers. The project features an NFT collection featuring everyone’s favorite canine along with a $DOE token that can be traded on exchanges.

Why Burn Tokens?

The first question that might come to your mind is why burn $500,000 worth of $DOE tokens? For those aren’t familiar, burning tokens is a great way for projects to increase the scarcity of their tokens which in turn projects a value increase on each individual token.

Burning tokens is a great way for teams to show their dedication to the project and reassure investors that they will be able to recoup their initial investment.

Join the $DOE presale

Dogs of Elon are currently hosting a presale for their $DOE token. The presale will last for only 6 more days and there are only 82 million tokens left.

Related Post

The minimum amount one can purchase is 300 $DOE for the price of 0.004 ETH (roughly $17 at the time of writing)

To find out more about Dogs of Elon visit their websitehttps://dogsofelon.io/

For the latest news about $DOE make sure to follow their official twitterhttps://twitter.com/dogsofelon

To stay involved with the $DOE community, make sure to join their telegram group: https://t.me/dogsofelon

Source: The VR Soldier

Mark Arguinbaev

I'm a 29 year old cryptocurrency entrepreneur. I was introduced to Bitcoin in 2013 and have been involved with it ever since. Fun Fact: I mined cryptocurrency using my college dorm room's free electricity.

Share
Published by
Mark Arguinbaev

Recent Posts

Core Foundation Teams Up With Z Protocol To Expand Zcash

Core Foundation has just announced a new partnership with Z Protocol, and it’s already getting…

2 days ago

Binance Wallet Moves Into Prediction Markets With PredictFun Integration

Binance Wallet is quietly stepping into one of crypto’s fastest-growing sectors, prediction markets. According to…

2 days ago

CZ And Elon Musk Weigh In On Quantum Fears As Crypto Faces Uncertain But Inevitable Shift

As concerns around quantum computing and crypto security continue to build, Changpeng Zhao is stepping…

2 days ago

Bitmine Expands Ethereum Holdings With Massive Weekly Accumulation And Strengthens Position As A Major Crypto Treasury Player

Bitmine Immersion Technologies, led by Tom Lee, is continuing to build aggressively on its Ethereum…

3 days ago

Ethereum Foundation Quietly Stakes Over $46 Million In ETH

Something interesting just played out within the Ethereum space, and it didn’t take long before…

3 days ago

Ethereum Is Still Leading The Tokenized Assets Space

It’s becoming more obvious by the day that Ethereum is not slowing down anytime soon,…

4 days ago