Shiba Inu Developer Confirms Burn Token SHIB
Shib Inu Coin will be burned (InterestingEngineer)

JAKARTA – After Shibaswap has been successfully released, the Shiba Inu token developer continues to build its ecosystem. The latest news says that the Shiba Inu developer will burn SHIB tokens. The information was conveyed on Twitter through the @Shibtoken account on Saturday, August 8.

Launching YahooFinance, the SHIB developer plans to burn two main tokens in its ecosystem, namely Shiba Inu (SHIB) and Leash (LEASH). The SHIB token that will be burned is US$25,000 (equivalent to Rp.359.7 million), LEASH will also be burned for US$25,000.

The Shiba Inu team has also added two new tokens in Shibaswap namely Perlin and Ryoshi. Based on reports on the official Shiba Inu website, LEASH tokens have a total supply of 107,646 tokens, while SHIB is 1 quadrillion.

Previously, developer Shiba Inu had delivered 50 percent of the total SHIB supply to Ethereum founder Vitalik Buterin. Buterin then set fire to the SHIB, he has also donated the rest of his SHIB holdings to help the recovery of Covid-19 in India.

The SHIB token burning plan was warmly welcomed by investors on Twitter and Telegram. This is an important moment for the Shiba Inu community or commonly known as ShibArmy to strengthen the token project.

For information, burning or burning coins is an effort to reduce the supply of coins from circulation. Usually the burning also boosts the value of the burned coins as did Ethereum some time ago.


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