DOGS and Notcoin prepare to burn $4M in unclaimed tokens

DOGS (CRYPTO:DOGS) and Notcoin (CRYPTO:NOT) are set to burn $4 million worth of unclaimed tokens from their Telegram airdrop on October 9. 

The decision, made with community support, aims to enhance scarcity by permanently removing these tokens from circulation. 

This event has sparked speculation about its potential impact on the prices of DOGS and Notcoin (NOT), as market participants closely watch how demand and supply dynamics could shift following the burn.

Both projects announced that the burn will be streamed live on X (formerly Twitter) at 1 p.m. UTC. 

Token burning is a common method in the crypto space, where reducing the circulating supply can potentially drive long-term value. 

DOGS will burn 4.8 billion tokens, while Notcoin will burn the remainder, totaling approximately $4 million in value.

According to the community vote, not all unclaimed tokens will be burned. 

Instead, a portion of the unclaimed tokens will be allocated to charitable causes. 

A representative from DOGS stated, “Our community voted to allocate a significant portion of these tokens to charitable causes rather than opting for a short-term gain by burning all unclaimed tokens.”

In addition to the token burn, DOGS plans to donate 6 billion unclaimed tokens to charitable causes related to children and animals, with the team ensuring transparency and accountability.

At the time of writing, the Dogs price was $0.0007206, and the Notcoin price was $0.007691.