Community Trust ScoreVerified
Without gradual burn, SHIB is almost pointless (claimed by someone). If the burn process continues as planned, SHIB one day will be the most valuable coin on earth, may be just behind BTC and ETH, considering its massive numbers of followers.
What is the main burning plan? I’m kind of confused. too much misleading info around?
It’ll probably burn 1% of value of every transaction through payments and sales of NFT. We need the burn to be more rigorous and larger in scale, as market inflation is so high, BTC and ETH have moved a lot lately.
Yeah, but that is only by the NFT. Compared to the total supply it’s nothing, like I burned 1k $0 to rename all my Shiboshi. It’s nothing. They need something similar like what ETH doing.
I guess they would, but if taking into account the fact that SHIB is on market for just about a year which is very new. We may have to wait for some years. That day will come.
SHIB is in decline and the evidence is that the work team has created NFTS to save what can be saved (a miserable attempt).
It’s cool and really you are doing well, but we want to know if there is a plan to burn quantities to reduce the available token it’s so huge to push it up.
Change the SHIB into prof of work, might help the community and burn some coin for its transactions fees.
Get a Robinhood listing and burn some coins.
They are burning coins at a rapid pace. You just aren’t paying attention. Check the Ethereum “black hole” wallet.
If that was the case it would’ve reflected on the price.
Burning doesn’t change the price just thought you should know. It only takes the tokens out of circulation.
The strategic buy back mechanism is triggered after every sell. The contract takes these bought tokens and distributes them to a burn wallet. Taking tokens out of circulation intrinsically makes the outstanding tokens in circulation more valuable.
Imagine if 90% of the tokens ended up in the burn wallet due to buy backs over time. The outstanding 10% would be matched with the given market cap, and each token would intrinsically be valued more than they were when additional tokens were circulation. We hope this helps.
Finally! I’m so sick of buying SHIB from the comfort of my own home! SHIB is that Phoenix that rose from Dogecoin’s ashes. Just be little bit patient, I was in a same situation as well but watching from few time now I am in a 3x profit.
