2 Billion SHIB to Be Burned on These Conditions, 7 Million SHIB Burned Already in December
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Steven Cooper, owner of the first crypto record label, Bigger Entertainment, whose team burns SHIB coins spent at the online store, has named one condition on which one billion SHIB will be burned at their next "burn party."
Another prominent Shiba Inu account, "Ask The Doctor," has also announced two conditions on which they will burn one billion SHIB.
One billion SHIB may be burned soon, seven million burned already
Steven Cooper has posted on his verified Twitter handle that, in December, seven million SHIB tokens have been burned, i.e., sent to an address from which nobody can withdraw these coins, thus putting them out of circulation forever.
He has also tweeted that should 7,500 Shiba Inu holders spend $5 at Bigger Entertainment, the above-mentioned platform, where users can get music, merch, tickets to events and NFTs, then a whopping one billion SHIB tokens would be destroyed at the next burn party. The event will take place live on Dec. 26.
According to the tweet, so far 13% of the targeted sum has been collected and almost two weeks remain to reach the goal.
If 7,500 #shib holders pitched in $5, we'd burn 1 billion coins at our next burn party. We're 13% to our goal and have 12 days! We'll burn everything live on Dec. 26th. #shibarmy
— Steven Cooper (@iamstevencooper) December 13, 2021
Current burn pot: 131,236,842
End Date: Dec. 25th
Contribute $5 here: https://t.co/NPAZpWCspz
According to another tweet, seven million SHIB have been burned by his team already this month.
7 Mil more #shib gone forever! Lets pick up the pace again. We would love to burn very large amounts and can only achieve that with full community support :) Music, Merch, Events, NFT's, so many burn options at https://t.co/qAZCxRSOss
— Steven Cooper (@iamstevencooper) December 13, 2021
Etherscan: https://t.co/pgI5AC4qY2
Alex DovbnyaHere's when another billion SHIB will be burned
As covered by U.Today on Dec. 13, another prominent Twitter account dedicated to SHIB, "Ask The Doctor," also tweeted two conditions that need to be fulfilled so that another billion coins can be burnt.
The first one was that the petition on change.org that requests that SHIB be listed by the Robinhood trading app has reached one million signatures. At the moment, it has slightly over 500,000 signatures.
The second condition is that the tweet must be retweeted 25,000 times.
Our team @askthedr pledges to burn another 1B $shib tokens when both these goals are met:
— Ask The Doctor ® (@askthedr) December 12, 2021
1) This petition hits 1M signatureshttps://t.co/u9h1ywwsCc
2) This tweet gets retweeted at least 25,000 times@RobinhoodApp @vladtenev #shiba #shibarmy #shibainu #shib
The Shiba Inu community has been requesting that Robinhood add SHIB to its basket of assets for several months already, expecting this listing to take the coin to new highs immediately. The most frequently named price level for SHIB after that is $0.01.
Earlier, U.Today reported that the Shiba Inu community burned approximately two billion SHIB tokens in November.
Arman Shirinyan
Alex Dovbnya
Dan Burgin
Vladislav Sopov