Introduction:
As members of the DogelonMars token community, we recognize the importance of maintaining the scarcity of the token to sustain and increase its value over time. We propose implementing a controlled burn of a portion of the token’s supply in order to increase scarcity and, consequently, the value of the token. This action will be conducted in a transparent and democratic way through a DAO (Decentralized Autonomous Organization).
Goal:
The objective of this proposal is to reduce the total supply of the DogelonMars token, increasing its scarcity and, consequently, increasing its market value.
Proposal Details:
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Establishment of DAO: A DAO will be created made up of holders of the dogelon token who wish to participate in the decision on supply burn.
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Determination of Amount to be Burned: The DAO will hold a vote to determine the amount of tokens to be burned. This quantity can be expressed in absolute terms (e.g., burn 10% of the current total supply) or in relative terms (e.g., burn a specific proportion of the current supply).
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Burning Process: Once the quantity to be burned has been determined, the burning process will be carried out transparently and irreversibly. Burned tokens will be sent to a non-return address, ensuring their permanent removal from the supply.
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Communication and Transparency: All details related to token burning will be communicated transparently to the community. This includes the number of tokens burned, the reason for the burn, and any relevant updates along the way.
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Technical Implementation: The technical team responsible for developing the token will be in charge of implementing the burn in accordance with the decisions made by the DAO. This will ensure the process is carried out properly and safely.
Expected Benefits:
Increased scarcity of the dogelon token.
Potential increase in market value of the token due to reduced supply.
Greater confidence of token holders in the sustainability and long-term appreciation of the project.
Conclusion:
The controlled burning of a portion of the dogelon token supply is a viable strategy to increase its scarcity and, consequently, its value. The implementation of this proposal through a DAO will guarantee transparency, democracy and community participation in making important decisions for the future of the project.
