September 27, 2022

Shiba Inu Burn Portal Burned Over 56 Billion SHIB Tokens

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At the end of April, the developers of the Shiba Inu project, together with Ryoshis Vision (RYOSHI), implemented a mechanism for burning native SHIB tokens. In the first day after the launch, 8 billion Shiba Inu were disposed of. Representatives of the company reported on the successful one-time destruction of another 56 billion coins.

The action was intended to reduce issuance and increase the value of the remaining supply of digital assets. In exchange for using this feature, users are compensated in the burntSHIB asset, the storage of which is also paid for by an incentive in the form of 0.49% of the volume of all RYOSHI transactions.

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