Dogechain (DC) has been incredibly popular among the meme coin community which has welcomed it with open arms. The native token has also done well considering that it launched during a bear market but the crypto winter has eventually caught up with it, as expected. Given this, Dogechain developers have proposed a drastic reduction in the supply of the digital asset, and the community has come out in full support of them.
Reducing Dogechain Supply
Reducing the supply of a cryptocurrency is not a new concept and projects do it all the time to reduce supply and increase demand, which works to increase the value of the token. However, what makes the Dogechain proposal stand out is the amount of supply that they are planning to burn.
In a proposal titled “The Great Burn” that was presented on Oct. 23, the Dogechain Foundation wants to burn 80% of the total supply of its official token. If it does this,…
