Shiba Inu announces plans to release more projects that will burn SHIB
According to the recent Twitter update released by Shibburn, more Shiba Inu token burning projects will be released soon. He says, “Stay tuned for more projects to be released soon! …and of course we thought outside the box.”
While highlighting the progress made in burning SHIB since the start of February, Shibburn says more updates are expected to launch next week.
U.Today earlier reported that Steven Cooper, owner of Bigger Entertainment, mentioned that the developers of SHIB were working to create new mechanics that would create more ways to burn SHIB, the second most popular canine cryptocurrency, also promoted as a “Dogecoin killer”.
As a means to further SHIB acceptance and burn more tokens, Shiba Inu recently announced a partnership with an Italian fast food restaurant called Welly’s.
Shiba Inu developer, Shytoshi Kusama, while explaining the partnership, pointed to other engraving mechanics to be revealed, stating, “In essence, Shib is a store payment method (and maybe Doge also ELON! HA!) but Shib is also burned. Shibarium transactions (and other burns to be revealed), and then there’s Bone’s constant use with Shibarium.”
Shib burn progresses in 2022
According to recent tweets posted by Shibburn, in the past 24 hours, there have been a total of 55,583,177 SHIB tokens burned and eight transactions. So far, a total of 410.3 trillion SHIB tokens (41.0302%) have been burned from the initial supply of one quadrillion.
In addition, a total of 1.3 billion SHIB tokens burned in January with 293 transactions. Steven Cooper, owner of crypto record label Bigger Entertainment who regularly hosts SHIB Burn Parties, mentioned in recent tweets the upcoming Burn Party on February 14th. The crypto record label’s CEO is also announcing an announcement to support a SHIB burn next week with Clay Hughes, a singer/songwriter from Kansas City.
