Today, the Dogs of Elon team announced on their telegram that they have burned 10 million $DOE tokens, worth $500,000. The team has provided an Ethereum transaction as proof of the BURN.
Dogs of Elon ($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.
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.
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.
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 website: https://dogsofelon.io/
For the latest news about $DOE make sure to follow their official twitter: https://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
Bitget officially launched pre-IPO access to OpenAI via its IPO Prime platform which deepens their…
Tether's presence in decentralized tech space is growing due to the launch of its developer…
While challenges remain, the decentralized finance sector is moving forward, and Huma Finance's exploit serves…
Chainlink is continuing its mission to be the most widely integrated infrastructure in crypto, adding…
A vulnerability in one of the core DeFi protocols on Sui Network exposes the ecosystem…
Polygon has made a big move in cementing its mission as one of the leading…