Here’s How Much SHIB Needs to Be Destroyed by SHIB Burners: Founder of SHIB Burning Business
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, boss of Bigger Entertainment, the company that conducts regular SHIB burning parties, has taken to Twitter to announce the goal that the SHIB community has set itself to achieve in terms of the SHIB amount that needs to be burned.
10 percent needs to be burned before SHIB devs join in
He wrote that this needs to be made clear before the next burn party is announced. The tweet has it that the goal of the SHIB army burn efforts is to reduce the meme token supply by 10 percent.
After that, he hopes, the SHIB developer team will join them and will ultimately destroy twenty percent or even more.
Before we announce the next burn party I want to make this clear… This is not to pump, this is to reduce supply. #Shib price may not change at all. Our focus as a community is reducing 10% of supply together & hoping Dev team follows suit by focusing on 20% or more. #shibarmy
— Steven Cooper (@iamstevencooper) March 1, 2022
The recent two burn parties conducted by Bigger Entertainment live on YouTube took place on December 26 and February 14.
Yuri Molchan34.8 million burned in 24+ hours
As reported by @shibburn, in the past 24 hours, the Shiba Inu army has managed to burn a total of 34,853,687 canine tokens.
Related articles
Tomiwabold Olajide
Arman Shirinyan
Vladislav Sopov
Dan Burgin