WEB3
by BSCN
October 30, 2023
The collaboration will see an additional burning of 1% of Chirpley's $CHRP tokens, building upon the previous burn events.
Chirpley, the revolutionary influencer platform that has been causing ripples in the crypto sphere, proudly announces another burn event with its strategic partner BabyDoge. Building upon the success of their previous collaboration, which saw the burning of 1% of CHRP tokens, Chirpley and BabyDoge are once again uniting forces to incinerate an additional 1% of the CHRP token supply, further enhancing its value and reputation in the dynamic crypto landscape.
The current burn event is part of a well-thought-out strategy initiated in Q4 2022 when Chirpley set the precedent by torching 3% of its total supply. The new phase involves entrusting BabyDoge to secure another 1% of the CHRP token supply, effectively locking it away for an astounding 100 billion years in the BabyDoge locker. This collective endeavor has already burnt 4% of the CHRP token supply, with the remaining 1% earmarked for future burns according to a meticulously planned schedule.
To ensure CHRP token realize their full potential, the Chirpley team has carefully considered market conditions and decided to conduct quarterly burns of 1% of the CHRP token supply over 2023. This calculated approach is designed to cultivate a sense of scarcity and heightened demand for CHRP token, ultimately bolstering its value and attractiveness to prospective investors.
Job ter Horst, CEO of Chirpley, expressed his enthusiasm about the partnership, stating:
"We are thrilled to collaborate with BabyDoge for this burn event. We firmly believe that this initiative will significantly impact the value and reputation of CHRP token in the crypto market. Our team is committed to unlocking the full potential of CHRP, and we are delighted to have BabyDoge as our partner in this venture."
Chirpley will leverage the BabyDoge locker to preserve the tokens for an impressive 100 billion years. This acts similarly to a conventional token burn as it removes tokens from circulation. By embarking on such a prolonged locking period, Chirpley and BabyDoge are sending a powerful message to the crypto community, affirming their dedication to the long-term prosperity of the CHRP token.
This burn event marks a substantial milestone in the crypto landscape and is poised to capture the attention of both investors and enthusiasts. The collaboration between Chirpley and BabyDoge will amplify the CHRP token's visibility and viability as a prominent player in the crypto realm.
Chirpley is a pioneering social media platform that empowers users to share their thoughts, viewpoints, and experiences within a global community. The platform is underpinned by blockchain technology, delivering a secure and transparent user experience. CHRP, Chirpley's native token, serves as a means of payment on the platform.
BabyDoge is a decentralized, community-driven project with a core focus on building a safe and secure ecosystem for investors. The project places a strong emphasis on charitable initiatives and philanthropy, with a percentage of each transaction being donated to various animal shelters and foundations.
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