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New SHIB Burn Portal Detected, While 105 Million SHIB Gets Removed

Sat, 08/20/2022 - 20:00
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Yuri Molchan
New portal for burning Shiba Inu emerged, which might be used to promote SHIB to non-SHIB holders
New SHIB Burn Portal Detected, While 105 Million SHIB Gets Removed
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@shib_superstore, the Twitter account representing the online shop of Travis Johnson, developer of SHIB burn games for smartphones, has announced that there is a new website that burns Shiba Inu.

In the meantime, over the past 24 hours, a massive amount of SHIB tokens has been removed from circulation. This still seems like a drop in the ocean, though.

"This website DOES burn SHIB"

In his tweet, @shib_superstore mentioned the playzone.online website, which is listed on the Shib Superstore portal. Travis Johnson confirmed that this site also helps users burn Shiba Inu. However, the mechanism is made so as to make profits and burn SHIB depending on how many users have visited the website.

In contrast, using mobile games on Travis's site allows burning SHIB and lets game creators earn some income.

However, Travis seems to believe that playzone.online could attract non-SHIB holders and perhaps interest them in the second largest meme coin and in burning it.

With that being said....could be a good candidate to promote to non-SHIB holders?

Related
Surge in XRP Transfers of $100,000+ Noticed on XRPL — Highest Since May 13: Report

105 million SHIB removed by SHIB army

Meanwhile, the Shibburn Twitter account has reported that over the past 24 hours, the SHIB army has managed to send a total of 105,165,658 Shiba tokens to nonspendable wallets, where they will be permanently locked.

Burning this amount of crypto has taken merely eight transactions this time, according to the tweet.

At the moment, the total amount of burnt SHIB tokens equals 410,377,554,088,301, but 558,233,995,677,178 SHIB are still in circulation.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.