Home Altcoins News Burning SHIBA INU (SHIB) Tokens Is not the Answer to Improve Value

Burning SHIBA INU (SHIB) Tokens Is not the Answer to Improve Value

Burning SHIBA INU (SHIB) Tokens Is not the Answer to Improve Value

Steven Cooper Shared:  If 4,000 more Shib Army pitch in $5, we’ll burn 1 BILLION SHIB and have our largest burn party ever. That is nothing for an army of this size. Let’s work together and make this happen 🙂

For clarity, Steven Cooper, owner of Bigger Entertainment keeps arranging burn party for SHIB community.  And, one is due on February 14, 2022 at 2 PM CST.  The plan is to burn another billion coins at this party.

Steven Cooper stated, our next burn party will be Feb. 14th @ 2PM CST. With SHIB at these prices, it would only take around 5,600 people pitching in $5 to burn another billion coins. Let’s build the pot!

COMMUNITY RESPONSE:  Some members in the Shiba Inu Community wished they will be able to influence some whales to get on board with burning SHIB.  However, there are others who feel that there is no need to depend on the whales to create the difference.  They have to say that the ShibArmy community is big enough to burn trillions of tokens each month.  There are more than 100k Shiba Inu holders who are committed.

While discussions about burning are continuing, there are many who do not believe in the idea of burning SHIB.

Despite many Shiba Inu Community members want a Shiba Inu Burn Party.

The idea of the more they burn the more the price will go up is continuing in the community; however, it is also important to look at the fact that a couple million SHIB coins is only around 200-300$. This is kind of affordable.

Community members feel that the developers should be burning and not the SHIB army.  They feel it is not right to expect the community members to burn their coins.  There are also opinions in the community that some other options for burning should be developed instead of forcing the community to burn.

When talking about options for burning SHIB, “Burn Party” is one such option.  However, this is not forced burning and no one is forced to participate.

 

However, active participants feel that is the way communities work.  Community members help each other out as opposed to expecting just one person to do all the work for them. They have to state that sacrifice is important to bring in success or to reach a particular goal.

Being professional and asking for help, it’s more than human and accepted. Donate, implies the word optional. 100% (ALL) burn from your donation, implies “helping the community”. It’s not hard to understand that right? Vice versa, do you have other valid methods?

How many coins you burned? Steven Cooper is trying to burn trillions, but how many you burn bro? Show the ether receipts!

 

Regarding the burning while some are confident others are hesitant – they are not for the sacrifice thing.

Someone with common sense stated, Burning isn’t the answer. You’d need to burn 100 trillion to get what you want. If you burn 1 BIL a day it will take 2.5 – 3 yrs to burn 1 TRIL. That’s 25-30 years to reach 10 Trillion.

 

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James

James T, a passionate crypto journalist from South Africa, explores Litecoin, Dash, & Bitcoin intricacies. Loves sharing insights. Enjoy his work? Donate to support! Dash: XrD3ZdZAebm988BfHr1vqZZu6amSGuKR5F

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