Implementation of Token Burning Mechanism for Dogelon Mars (ELON) - 420.69T Supply

Proposals
1

Introduction: Dogelon Mars (ELON) is a cryptocurrency that has gained significant traction in the digital asset market. To enhance its value proposition and address concerns related to token scarcity and price stability, we propose the implementation of a token burning mechanism. This mechanism involves an initial burn of 23.58% of the total Dogelon Mars tokens followed by ongoing burns through the Dogelon Mars blockchain RUFUS via transactional mechanisms. This amount of burning will send the Total supply to 420.69T.

Initial Token Burn: To initiate the process, 23.58% of the total Dogelon Mars tokens will be permanently removed from circulation. This action will effectively reduce the overall token supply, thereby increasing the scarcity of Dogelon Mars tokens. By reducing the supply, we aim to create a more favorable supply-demand dynamic, potentially leading to an increase in the token’s value.

Ongoing Token Burns through RUFUS: Following the initial burn, the Dogelon Mars blockchain will implement an automated token burning mechanism through its protocol named RUFUS. RUFUS will be designed to burn Dogelon Mars tokens with every transaction executed on the network. A percentage of each transaction fee will be allocated towards burning Dogelon Mars tokens, thereby continuously reducing the circulating supply over time.

Impact on Price and Scarcity:

  1. Price Appreciation: By reducing the supply of Dogelon Mars tokens through both initial and ongoing burns, we anticipate an increase in the token’s value. With a reduced supply and sustained demand, the scarcity of Dogelon Mars tokens will drive up their price.
  2. Scarcity Enhancement: Token burning effectively increases the scarcity of Dogelon Mars tokens in the market. As the supply diminishes, the remaining tokens become relatively more valuable, making them more attractive to investors and traders.

Enhanced Token Visibility and Fame:

  1. Market Attention: The implementation of a token burning mechanism will attract attention from cryptocurrency enthusiasts and investors. Token burning initiatives often generate buzz within the crypto community, leading to increased visibility for Dogelon Mars.
  2. Community Engagement: Token burning can also serve as a catalyst for community engagement. By demonstrating a commitment to reducing token supply and enhancing value, Dogelon Mars will likely garner support from its community members, leading to increased adoption and awareness.
  3. Media Coverage: The introduction of a token burning mechanism can attract media coverage, further amplifying Dogelon Mars’s visibility and fame within the broader cryptocurrency ecosystem. Media outlets often highlight innovative strategies such as token burning, drawing attention to the project and its potential.

Conclusion: In conclusion, the implementation of a token burning mechanism for Dogelon Mars represents a strategic move to address concerns related to token scarcity, price stability, and overall market visibility. By burning a portion of the total token supply initially and instituting ongoing burns through the RUFUS protocol, Dogelon Mars aims to enhance the value proposition of its cryptocurrency while increasing its visibility and fame within the crypto community. This proposal sets the stage for Dogelon Mars to emerge as a prominent player in the digital asset landscape, driving sustained growth and investor interest in the project.

44 Likes
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Yes!!!:rocket::rocket::rocket::boom::boom::boom::fire::fire::fire::fire::fire::fire::fire::fire: Lfgggggggg :boom::boom::exploding_head::exploding_head::sunglasses:

10 Likes
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This is amazing we have something really special here :face_holding_back_tears:.

7 Likes
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When will the burn take place?

3 Likes
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Wow amazing :heart_eyes: Thanks​:clap:

3 Likes
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I proposal we vote on the percentage… 25 % 35% or 50% …. Vote with Elon!!!

3 Likes
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This is the way :muscle:LFG

3 Likes
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the idea is excellent, but where does this 23.58% of the supply come from? Are you part of the developers?

2 Likes
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That percentage comes from the circulating supply, NOT the total supply. That would be a good thing. To put in perspective, SHIB has 589.29 Trillion tokens in circulation. So a drop of circulation like that would definitely get us to the .0001 price mark. I believe they will burn 1/2 our total supply on top of that as well. We would be in business, put it that way.

8 Likes
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Wow I love how fast this is coming!! LETS GOOO TO MARS!!!$$$$$$

5 Likes
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That is awesome! Whose money is burning it tho?

1 Like
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Es una gran idea!!! Siempre y cuando dicha quema, no le reste seriedad a este grandĂ­simo MisiĂłn Token.

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Yes LFG Gggggggg​:rocket::rocket::rocket::rocket::rocket::rocket:

2 Likes
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YES BURN ASAP let’s move to vote.

4 Likes
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Nice!!! When can the burning start?

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When we burning fam!!!

1 Like
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Apologies before hand for my ignorance. Is this a legitimate proposal? I mean where are we getting the tokens to burn? Is the project team aware of this proposal? There is another “Dao” on Snapshot with proposals on it that looks legitimate also but the last proposal was 8 months ago (Snapshot). I thought that was the original where proposals are voted on? If the proposal is legitimate, then when does voting start, I’d love to vote to reduce the supply?

I’d love to see this project loss 3-4 zeros from its current price. It would be even better to see this before the start of the bull run! I’ve been with this project since the end of the last bull run. This project will give people life changing wealth!!

5 Likes
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Yes burn it all, how many votes do we need?

1 Like
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Burn it all burn it down to 1 trillion lol

2 Likes
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Burns would be nice. :fire:
Burns for every transactions.
Burns created for every buyer of Dogelon.
Burns created for every seller of Dogelon.