Team Token Release and Lockup. Shibes, we have some great news. After some deliberation, the Dogechain team has decided:.
14 Jul 2023, 08:35
Team Token Release and Lockup 💸🔐
Shibes, we have some great news.
After some deliberation, the Dogechain team has decided:
1️⃣ To release 3 billion vested $DC tokens into circulation from the Team Allocation wallet (0xc1eFE7Aa280f7c63A4B1DA26aE0F7e64ce7F2A8A)
2️⃣ Immediately lock these tokens in the veDC model for 4 years.
This move will benefit the community by:
🔹 Improving optics for the $DC token by raising the total circulating supply above 10%
🔹 Contributing towards the Tiered Burn by increasing the locked circulating supply to 29.2%
🔹 Provide on–chain proof for the team’s long-term commitment to the project.
🔥 Consequently, at least the first Tier of the burn will be reached, ensuring the burning of 10% of the total supply across all wallets.
To reach the next tier and a 15% burn, the community needs to lock up approximately 150 million $DC tokens in the veDC model. The ball is in your court, frens! 🎾
Transaction from the Team Wallet:
🔗
Lockup for 4 years
🔗
♻️
Dogechain is bringing DeFi & long awaited utility to Dogecoin. Join the family! 🚀
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