DOGS Project to Burn Tokens

Team DOGS preparing for token burningThe community will soon determine how many coins should be removed from circulation.

DOGS next step

Token burning, aimed at reducing the total number of DOGS, may increase their value. The number of unclaimed coins to remove from circulation will be voted on by the asset holders.

In addition to burning, the project plans to donate some of the tokens to charity. The community will also decide which organizations will receive the funds.

The DOGS project has previously donated over $300,000 to charities such as Save the Children and Animal Charity Evaluators.

The Telegram project DOGS launched its own token in early September, setting a record for the number of users who branded the coin — 17 million. The asset quickly attracted the attention of the crypto community and became a popular topic of discussion on social networks. In addition, it was listed on major exchanges such as OKX and Binance.

Unlike other memecoins, DOGS offers real utility in the Telegram ecosystem. Rewards were given to active and early users of the messenger.

The total emission of DOGS is 550 billion tokens, 81.5% of which were received by the community. Of this number of coins, 73% are intended for the longest-standing users of Telegram.

The project team has allocated another 10% for future developments. The lock-up period for most of these coins is 12 months.

For investors, the upcoming DOGS token burn could be a significant event. The reduction in the total number of coins in circulation will support the value of the asset, potentially benefiting long-term holders.

According to data CoinGeckoat the time of writing, DOGS is trading at $0.0008638. The coin’s capitalization exceeds $445 million.

Stay up to date! Subscribe to World Stock Market on Telegram.