TON-Based Projects Notcoin and Dogs to Burn $4 Million in Tokens After Community Vote

Notcoin and Dogs Community are set to burn $4 million worth of tokens, reducing the overall supply of their native $NOT and $DOGS tokens. This community-driven token burn is aimed at creating long-term value for holders and donating unclaimed tokens to charity.

In a bold move, the TON-based projects Notcoin and Dogs Community have collectively announced a significant token burn event valued at $4 million. According to a statement released by the two projects, this initiative follows a community vote and represents a major step in reducing the total supply of their respective tokens, $NOT and $DOGS. The burn is scheduled for Wednesday at 9 a.m. ET.

Community-Driven Token Burn

Both communities were actively involved in deciding the fate of the unclaimed tokens. In a vote held by the Dogs Community, it was determined that 4.8 billion $DOGS tokens would be burned, representing around $3.5 million of the total burn. Additionally, six billion unclaimed $DOGS tokens will be donated to charitable causes selected by the community. This token burn aims to increase scarcity, potentially driving long-term value for $DOGS holders while benefiting charitable initiatives.

Notcoin, which boasts a market capitalization exceeding $800 million, will also be participating in the burn. As of the latest data, the $NOT token was trading at $0.0078. Meanwhile, the $DOGS token has a market capitalization of approximately $370 million, according to CoinGecko.

Impact on the Token Ecosystems

This burn is being hailed as a “pivotal moment” for both Notcoin and Dogs Community. With the total supply of tokens being reduced, the move signals potential long-term benefits for holders, particularly for those who have remained engaged with the communities and ecosystems. The reduction in supply is expected to create scarcity, which could positively impact the price of both $NOT and $DOGS tokens.

Notcoin has been credited as a pioneer of the “tap-to-earn” gaming movement on Telegram, launching several successful games on the TON blockchain. The project has gained substantial traction, along with the Dogs Community—a memecoin project inspired by Pavel Durov’s dog, Spotty. The Dogs Community currently boasts over 17 million on-chain token holders and 20 million followers across social media platforms.

TON and Telegram: Popular Platforms for Crypto Projects

The TON blockchain and the Telegram messaging app have become increasingly popular launching pads for new crypto projects looking to attract users and build ecosystems. Both Notcoin and Dogs Community have leveraged these platforms to establish their strong user bases and engage with their communities.

With this token burn, both projects hope to signal long-term value, drive user engagement, and continue building their ecosystems within the rapidly evolving crypto space.

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