SHIB Burn Rate Spikes 8,700% as Shibarium Reveals Shiba Inu Burn Mechanism
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Contents
- SHIB burn rate soars by
thousands of percent - Shibarium releases details of
its token burn mechanism - Shiba Inu whales grab 26
trillion SHIB, price rises
Data stably shared by the Shibburn
data aggregatorIn the last 24 hours, I’ve seen an incredible jump
in the number of SHIB burned. It’s a whopping percentage point
higher than what was burned just yesterday. This is a clear
indication that the demand for SHIB is continuing to increase and
that the market is responding positively to that demand. It’s an
exciting time for those looking to invest in SHIB and I can’t wait
to see where the market takes us next.
This past week, I’ve noticed that a huge amount
of meme coins have been transferred to dead-end wallets. I’m
talking about trillions of coins here! I couldn’t believe it when I
heard the news. It seems that these coins are finding their way
into wallets where they can’t be moved or exchanged. It’s a huge
problem that needs to be addressed.
SHIB burn rate soars by thousands of percent
Over the past day, I destroyed an incredible
8,862% more SHIB than the day before. All in all, I wiped out
50,188,691 meme coins from the circulating supply – and that’s
according to a tweet from the data platform. It’s an impressive
feat that I’m proud of!
I was awe-struck when I discovered the large
amount of SHIB tokens that were burn. Unbelievably, this
considerable amount was destroyed in just two transactions –
39,511,911 SHIB and 10,676,779 SHIB. I found this information on
the burn data website. It’s absolutely amazing how quickly this
happened!
This past week, I was proud to witness the SHIB
community come together to burn 3,093,934,362 SHIB coins. On
Saturday, the burn rate was sky high at 666%, a major success for
us! This is a testament to the hard work and dedication of everyone
involved, and I’m grateful to have been a part of it.
I’ve burned a whopping 410,642,087,431,967 Shiba
Inu meme coins! The Shibburn website confirms it. Now, only
574,308,140,003,340 SHIB are still floating around.
Watch more videos on the same topic :
SHIBABURN QUICK TUTORIAL: BURNING SHIBA INU COIN IS THIS EASY!
Video Description
SHIBABURN QUICK TUTORIAL: BURNING SHIBA INU COIN
IS THIS EASY! SHIBA INU COIN NEWS AND HOW TO BURN SHIBA INU COIN ON
SHIBABURN WEBSITE. IT IS EASY TO BURN SHIBA INU COIN. JUST BURNED
SHIBA INU USING THE NEW SHIBA INU BURN PORTAL. nnCome check out
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#BurnSHIB
Shibarium releases details of its token burn
mechanism
As reported by U.TodayOn Sunday, I was part of
the Shiba Inu team that was led by the mysterious Shytoshi Kusama
and we revealed the details about how people can burn SHIB on the
Shibarium Layer 2 network, which is still in the beta test phase.
We explained that burning SHIB means sending SHIB tokens to a
designated address, where it is permanently locked and removed from
circulation. This is an exciting development as it demonstrates the
commitment of the Shiba Inu team to creating a rewards system that
is fair and secure. We look forward to seeing the full
implementation of this feature as the Shibarium Layer 2 network
continues to be tested and refined.
Whenever I make a transaction on Shibarium, I’m
required to pay a transaction fee in BONE. This fee is locked away
and a portion of it is set aside to maintain the network. The
remaining 70% is burned, which helps to reduce the overall supply
of BONE.
Recently, I found out that if I lock more than
10 BONE in the contract, I can burn the fee. Then, it’ll be
automatically converted into SHIB and sent to a wallet that can’t
be spent from. It’s pretty cool!
Shiba Inu whales grab 26 trillion SHIB, price
rises
I recently found out that IntoTheBlock analytics
reported that over the last week, I’ve acquired around 26.2
trillion Shiba Inu meme coins. Even though whales sold some of
their coins, it was only a fraction of what was bought – about 300
billion SHIB. All in all, it looks like I’m stocking up on these
meme coins!
Right now, I’m watching the Shiba Inu market.
The meme coin’s price is at $0.000008884, which is up 2.98% in the
last hour and around the same for the last 24 hours. CoinMarketCap
has the stats to back it up.
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Frequently asked questions
What is the purpose of the Shiba Inu Coin
Burn website?
[add_toplist_link post=0]
The Shiba Inu Coin Burn website is a platform
for users to burn their Shiba Inu coins to improve the scarcity of
the asset and increase the value of the remaining coins.
What is the cost of burning Shiba Inu
coins?
[add_toplist_link post=1]
The cost of burning Shiba Inu coins is 0.00001
SHIB per coin.
Which wallets are compatible with the Shiba
Inu Coin Burn website?
[add_toplist_link post=2]
The Shiba Inu Coin Burn website is compatible
with most ERC20 wallets such as MetaMask, TrustWallet, and Coinbase
Wallet.
What is the minimum amount of Shiba Inu
coins required to burn?
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[add_toplist_link post=3]
The minimum amount of Shiba Inu coins required
to burn is 50 SHIB.
How long does it take for the burn to be
processed?
[add_toplist_link post=4]
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The burn is usually processed within 1-2
minutes.
What do you think about the above information
say shiba inu coin burn website, please leave your comment on this
article.
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