Update regarding the anticipated burn proposal.

29 Apr 2023, 19:35

Update regarding the anticipated burn proposal Shibes, as we stated on our Twitter spaces, we have taken your Reddit feedback into consideration regarding the burn proposal. 🔥 ▶️ Twitter Spaces Recording : 🤝 We are aiming at providing the fairest proposal possible that would benefit both community sentiment and the project in the long term. With such a wide range of suggestions, with some more sensible than others, the team has yet to reach a consensus regarding this matter. In order to accommodate the concerns about the circulating and total supply of $DC tokens, additional factors need to be taken into consideration that would benefit these metrics. 📜 We would like to propose multiple solutions that involve a less drastic token burn than the ones proposed by the community. 👁 Improving tokenomics optics: 🔸 A tiered burn correlated to the percentage of circulating supply locked in veDC 🔸 Transparently Increasing circulating supply and locking tokens into veDC/smart contract lockers. Increasing Dogechain userbase: 🔸 On-chain airdrop tasks to bring more users to Dogechain and educate them about utility. 🔸 Learn & Earn campaigns through various high-level crypto institutions. 🔸 Airdrops to decentralized platforms that synergize with Dogechain’s ethos 1️⃣➕1️⃣🟰3️⃣ The combination of these solutions could benefit the project in the long term and appease the community sentiment regarding the token supply. As such, the Dogechain team would like to prolong the discussion and present these solutions to the community in more detail, leading to a healthy and constructive conversation in the following days. Therefore, we won’t be posting the proposal on Dogegress pending further assessments by the community. 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