Introduction:
Dogelon Mars (ELON) aims to boost its value by implementing a token burn strategy, similar to the 410 trillion Shiba Inu tokens burned over the past three years. This proposal includes burning 23.58% of the total tokens, reducing the circulating supply from 549.65 trillion to 420.69 trillion.
Initial Burn:
23.58% of Dogelon Mars tokens will be permanently removed from circulation, immediately decreasing the supply and increasing scarcity, following the successful approach of projects like Shiba Inu.
Ongoing Burns via RUFUS:
After the initial burn, the RUFUS system will continue burning tokens with each transaction, ensuring a consistent reduction in supply over time.
Impact:
• Price Growth: A reduced supply creates scarcity, which can drive demand and increase token value.
• Scarcity: Ongoing burns further enhance scarcity, making the tokens more desirable and valuable.
Conclusion:
This burn strategy, inspired by successful projects like Shiba Inu, will decrease the supply of Dogelon Mars, increase its value, and position it for long-term growth in the crypto market.