News and Analysis of Cryptocurrencies

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In November, The SHIB Community Burned About 2 Billion SHIB
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In November, The SHIB Community Burned About 2 Billion SHIB

InvestorLife
Dec 3, 2021
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In November, The SHIB Community Burned About 2 Billion SHIB
newsc.substack.com

According to shibburn's Twitter account, in November, the SHIB community burned about two billion SHIBS. In total, 410,298,489,440,804 of the original one quadrillion emission were burned. By removing tokens from circulation, the SHIB army hoped to increase the price of Shiba Inu.

As of December 1, this number has grown to 410,298,449,011,405 (41.02984% of the initial offer), but today the daily increase in the token of 3.7% is rather due to the short-term positive dynamics of the bitcoin price.

Recently, the lead developer of the SHIB team, Shitoshi Kusama, discussed the potential of expanding the gaming potential of Shiba Inu into the metaverse.

The games will also simplify the recording process, as in-app purchases of the Shiba Inu game will be used to burn a large amount of SHIB to further reduce the number of tokens.

Currently, the SHIB offer is burned only when the owner of the Shiboshi NFT pays $100 to the SHIB to change the name of the NFT.

At one time, the Shiba Inu community attacked Ethereum co-founder Vitalik Buterin for partially selling and burning SHIB tokens, but now it seems to have taken his actions as a strategy.

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In November, The SHIB Community Burned About 2 Billion SHIB
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