Did You Know - The Tiered Burn lockup period is in progress. After the latest governance vote on dogegress.

26 Jun 2023, 15:28

Did You Know - The Tiered Burn lockup period is in progress! 🗳 After the latest governance vote on dogegress.dog, the community voted to remove the threshold for participation in past and future governance votes. 🔥 This validated the Tiered Burn proposal, meaning that a significant portion of the unreleased supply will be burned after July 23rd. The burn tiers will be correlated to the amount of $DC locked in the vote-escrow model (veDC) as follows: 🔹Tier 1 - 20% of $DC circulating supply locked - 10% burn 🔹Tier 2 - 30% of $DC circulating supply locked - 15% burn 🔹Tier 3 - 40% of $DC circulating supply locked - 20% burn 🔹Tier 4 - 50% of $DC circulating supply locked - 25% burn (max) Currently, 17% of the circulating supply is locked, with just a small step needed for a 10% burn (20 billion $DC tokens) ███▒▒▒▒▒▒▒▒ 17% Loading $DC holders have until the 23rd of July to lock up their tokens and contribute towards a higher token burn 🧨 🔒Lock and stake your tokens here: Let’s do this together Shibes! 🤝 ♻️ Dogechain is bringing DeFi & long awaited utility to Dogecoin. Join the family! 🚀 Website I Twitter I Discord I TikTok I Reddit I Blog I Instagram