Today, the Dogs of Elon team announced on their telegram that they have burned 10 million $DOE tokens, worth $500,000. The team has provided an Ethereum transaction as proof of the BURN.

dogs of elon burns tokens

What Is Dogs of Elon?

Dogs of Elon ($DOE) is an emerging NFT and crypto project that is aimed at the meme coin hodlers. The project features an NFT collection featuring everyone’s favorite canine along with a $DOE token that can be traded on exchanges.

Why Burn Tokens?

The first question that might come to your mind is why burn $500,000 worth of $DOE tokens? For those aren’t familiar, burning tokens is a great way for projects to increase the scarcity of their tokens which in turn projects a value increase on each individual token.

Burning tokens is a great way for teams to show their dedication to the project and reassure investors that they will be able to recoup their initial investment.

Join the $DOE presale

Dogs of Elon are currently hosting a presale for their $DOE token. The presale will last for only 6 more days and there are only 82 million tokens left.

dogs of elon presale 3

The minimum amount one can purchase is 300 $DOE for the price of 0.004 ETH (roughly $17 at the time of writing)

To find out more about Dogs of Elon visit their website

For the latest news about $DOE make sure to follow their official twitter

To stay involved with the $DOE community, make sure to join their telegram group:

Source: The VR Soldier

Mark is a 29 year old cryptocurrency entrepreneur. He was introduced to Bitcoin in 2013 and has been involved with it ever since. He used to mine bitcoins and altcoins but now focuses on blogging and educating others about digital currencies.


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