New Proposal Wants To Burn 80% Of Dogechain (DC) Supply, Community Responds
Dogechain (DC) has been incredibly popular among the meme coin community which has welcomed it with open arms. The native token has also done well considering that it launched during a bear market but the crypto winter has eventually caught up with it, as expected. Given this, Dogechain developers have proposed a drastic reduction in […]
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The proposal highlighted that the burn may help restore the UST dollar peg by burning the excess supply. In another attempt to support the revival of Terra (LUNA), the community voted to burn a large amount of UST from its community pool. Earlier in May, Terra founder Do Kwon explained that a potential solution to the Terra debacle is to absorb the stablecoin supply. In response to this, users proposed the burning of the 1 billion TerraUSD (UST) that was stored in Terra’s community pool and the remaining cross-chain UST that’s deployed on the Ethereum blockchain as incentives. According to....
Dogechain launches its testnet, dramatically evolving the utility of Dogecoin and bringing dApps and DeFi to the community. Dogechain, a blockchain that empowers Doge by bringing dApps to the Doge community, has just launched its testnet. Testnets are an essential component in blockchain development. The Dogechain testnet allows software developers to evaluate the network and […]
The Shiba Inu (SHIB) community has been burning tokens for a while now. This burn is in an effort to reduce the supply of the meme coin, thereby increasing its value. There have been times where the burn has not been as high as expected but the community has been increasing its efforts to burn […]
The Shiba Inu community has been very committed to its SHIB burn since it was implemented. This burn was started to reduce the supply of the cryptocurrency in a bid to increase the value of the coins. Over the months, the burn numbers have been growing. Now, it has gotten to a point where there […]
In a new development, the prominent player in gaming and metaverse, Merit Circle, is moving to sustain its value, The DAO voted to burn all MC tokens left in its Community Incentives wallet. This process serves to cut down the project’s total token supply. As attention in the metaverse kept soaring, some new projects emerged to support activities in the virtual world. Merit Circle crypto aims to maximize value in metaverse activities like games. Crypto centres on crypto assets, virtual investments, and gaming. Related Reading: Hedera: A Quick Evaluation Of The Network – And How HBAR....