On Friday, Dogechain, the community-driven layer 2 for DOGE, announced their idea to burn up to 80% of their native DC token live on their weekly Twitter spaces.
Core contributor and industry heavyweight Roc Zacharias announced live on air that the team was planning a vote following community feedback to reduce $DC’s total supply.
Within hours, Dogechain’s Twitter followed up with a more detailed post confirming the vote and explaining it would be a binary choice to support or oppose a massive 80% token burn.
Following its initial meteoric rise, Dogechain’s native token has struggled, falling 90% on concerns over its massive FDV ($1.4 Billion at current value) and relatively small circulating supply. So Friday’s announcement will significantly relieve many vocal proponents of $DC who had been making repeated calls for a token burn to address the supply issue.
In the 72 hours following the announcement, DC’s price soared over…
