“ Burn 99.9% shyness. Oh yes, that’s impossible. Shiba is trash », Slips a skeptic on a recent tweet from Shytoshi Kusama. Without a hint of hesitation, Shiba Inu’s lead dev responded. We reveal the details of his response in this article.
99.9% SHIB burned, it’s possible for Kusama
The rarer a cryptocurrency becomes, the more its price increases considerably.. The developers of Shiba, as well as the ShibArmy, are aware of this. Reason why the calls to do more SHIB burning follow one another.
And the icing on the cake, the team behind the memecoin is gradually chaining giga burns of SHIB. The community can only rejoice.
“ Nothing is impossible except you see how it is possible. We are moving forward. »
By analyzing this news, The Crypto Basic did not fail to mention the initial publication of the enigmatic Shitoshi Kusama highlighting the latest performances of Shibarium :
- 153,207,244 transactions;
- 1,318,239 wallet addresses;
- 2,221,235 blocks;
- etc.
It was then in such a context that the sarcasm of the crypto trader Boomer Sooner fell. But confident in his actions, the main developer of Shiba Inu spoke about the possibility of reducing the current supply of this crypto starter to 0.1%.
Which means that of all 580 trillion SHIB tokens in circulation, there will be almost nothing left. Or more precisely 580 billion coins.
How to get there ?
Burning 99.9% of Shiba Inu crypto is certainly difficult, but not impossible. By taking on this challenge, Shytoshi Kusama ignited the SHIB community. Raoul Valadez-Rayas, one of the American traders fond of this crypto inspired by the Japanese dog theme, made this comment:
“ I’m patiently waiting for Shytoshi Kusama. I can’t wait to see trillions of SHIBs burn one day, and then everyone in the SHIB ARMY will be happy. »
In this remark, the word “patience” undeniably catches the eye. Patience, this quality that BTC hodlers were able to develop during the bear market. This same patience that arms the minds of SHIB traders before seeing their favorite crypto reach 1 cent.
But to incinerate the 99.9% of Shiba in circulation, it will be necessary adopt new approaches. The mechanism promoting the burning of SHIB tokens using transaction fees on the layer-2 Ethereum blockchain, Shibarium, will not be enough.
While waiting for innovative methods, the Kusama team strives tosend to “dead wallets” billions of tokens. The last two burn operations already total 17 billion SHIB.
This month alone, 33.8 billion memecoins were sent to unrecoverable wallets.
Note also that such information does not fail to have a positive impact on the price of SHIB. A little visit to Coigecko allowed us to know that the crypto starter is no longer in agony. It was trading at $0.000011.01 at press time, an increase of 8.7% in one week.
Maximize your Tremplin.io experience with our ‘Read to Earn’ program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
