Volt Inu Community Passes Proposal to Destroy Trillions of VOLT Tokens
It is reported that the Meme project Volt Inu will destroy 44.85 trillion VOLT tokens from the bridge liquidity according to a proposal passed by the community…
It is reported that the Meme project Volt Inu will destroy 44.85 trillion VOLT tokens from the bridge liquidity according to a proposal passed by the community. These tokens are worth 74.5 million dollars at the end of the proposal. 44.85 trillion VOLT tokens will be destroyed in equal quantities in five days, at 18:00 EST (7:00 GMT) every day. At present, one destruction has been completed. The second proposal approved by Volt Inu DAO is to transfer 25% of Uniswap liquidity to Polygon.
The Meme Project Volt Inu will destroy $74.5 million worth of VOLT tokens within five days
Interpretation of the news:
The Volt Inu project has recently made headlines for its community’s passing of a proposal to destroy a massive 44.85 trillion VOLT tokens. The move is expected to be worth approximately $74.5 million at the end of the proposal. The tokens will be destroyed in equal quantities over five days, with each destruction taking place at 18:00 EST (7:00 GMT) each day. The first token destruction has already taken place, with the remaining four to occur over the next few days.
The Volt Inu community’s decision to destroy such a large amount of VOLT tokens is significant, and may have an impact on the cryptocurrency market. Decreasing the number of tokens in circulation can often help to increase their value, as the supply of tokens available for purchase decreases. However, it’s important to note that this increase in value may not last long-term, and that there are always risks associated with investing in cryptocurrency.
In addition to the token destruction proposal, the Volt Inu DAO has also approved a proposal to move 25% of Uniswap liquidity to the Polygon network. This move could help to improve the speed and efficiency of transactions on the Volt Inu platform, as Polygon is known for its fast and low-cost transactions.
Overall, the Volt Inu project is making significant moves in the cryptocurrency space, and the community’s decision to destroy trillions of VOLT tokens is a bold move that could have far-reaching consequences. The move to transfer liquidity to Polygon is also worth watching, as it could potentially improve the platform’s user experience and attract more investors.
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