Shiba Inu’s ecosystem team has rolled out an exciting initiative designed to encourage both player engagement and burn tokens to reduce the circulating supply. The newly introduced Shiba Eternity game mode, called Duel Mode, is a player-versus-player contest where participants compete against each other for SHIB rewards. This new feature not only boosts player involvement but also contributes directly to the ongoing burn campaign aimed at decreasing the total supply of SHIB.

What is Duel Mode?

Duel Mode allows Shiba Eternity players to test their skills in a competitive environment. Players who wish to participate in this mode must pay a registration fee of 50,000 SHIB each. This entry fee contributes to a total pool of 100,000 SHIB, with the winning player receiving 80,000 SHIB, or 80% of the total pool. The remaining 10% (10,000 SHIB) is burned, directly reducing the circulating supply of Shiba Inu tokens. Additionally, the final 10% (10,000 SHIB) is kept as a platform fee, which will be reinvested into the development of Shiba Eternity, ensuring its future growth and improvements.

The Key Goal of the Duel Mode

Lucie, the marketing lead for Shiba Inu, has revealed an ambitious target for the Duel Mode. The goal is to create a substantial burn rate, with plans to burn 10 billion SHIB tokens daily. This would be possible if the platform can successfully facilitate 1 million duels every day. This would lead to the permanent destruction of 10 billion SHIB each day, which, at the current market rate of $0.00001471 per SHIB, equates to about $147,000 worth of tokens burned daily.

If the daily burn target is met, the cumulative burn could be substantial. For example, in a week, 70 billion SHIB would be permanently removed from circulation, valued at approximately $1.03 million. Over the course of a month, the total burn would reach a staggering 280 billion SHIB, valued at around $4.12 million. Such a significant reduction in supply could have a positive impact on the value of the remaining SHIB tokens, potentially increasing their price as scarcity grows.

Current Shiba Inu Burn Rate and Effects on Circulating Supply

The introduction of Duel Mode comes at a time when Shiba Inu’s burn rate has seen a massive increase. Over the past day alone, the burn rate has surged by 1,335%, with 30.18 million SHIB tokens being burned. In total, over 410.74 trillion SHIB tokens have been permanently destroyed since the burn campaign began. As of now, Shiba Inu’s circulating supply stands at 589.25 trillion tokens, and the ongoing efforts to reduce this number could create more demand for the remaining tokens.

By reducing the circulating supply, Shiba Inu aims to increase scarcity, which in turn could lead to an increase in token value. With the increasing burn efforts, Shiba Inu is positioning itself to have a more controlled supply, giving investors and the community hope for a more stable and potentially profitable future for SHIB.

Long-Term Vision

Shiba Inu’s strategy to burn SHIB tokens through Shiba Eternity’s Duel Mode could be a game-changer. By involving the community in this process, Shiba Inu encourages active participation, which not only benefits the ecosystem but also ensures that players are incentivized to help with the burn campaign. As Shiba Eternity’s Web3 version grows in popularity, the possibility of achieving the daily burn goal of 10 billion SHIB becomes more feasible. If successful, this could lead to a significant decrease in the total supply of SHIB and pave the way for greater long-term value appreciation for the Shiba Inu token.

In conclusion, Shiba Inu’s Duel Mode offers an innovative approach to token burning while engaging the community in a fun and rewarding way. With this new initiative, Shiba Inu is reinforcing its commitment to reducing its supply, which may lead to stronger demand and better prospects for its price in the future. The success of this program could prove crucial for SHIB’s long-term development and position in the cryptocurrency market.