How many Shiba Inu tokens have been permanently removed from circulation through burning?

3 answers

• Tinyiko ValoyiJan 10, 2024 · 2 years ago
  Sure! The exact number of Shiba Inu tokens that have been permanently removed from circulation through burning is not publicly disclosed. However, burning tokens is a common practice in the cryptocurrency space to reduce the total supply and increase the value of the remaining tokens. It is done by sending tokens to a burn address, where they become unspendable. The burning process helps to create scarcity and can potentially drive up the token's price.
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• NyakutkaOct 05, 2023 · 2 years ago
  Unfortunately, the specific number of Shiba Inu tokens burned is not publicly available. Burning tokens is a way to remove them from circulation permanently, which can help increase the value of the remaining tokens. This practice is often used to create scarcity and drive up demand for a particular cryptocurrency. However, the exact number of tokens burned for Shiba Inu is not disclosed by the project team.
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• Atkinson HartmanDec 05, 2022 · 3 years ago
  According to BYDFi, a digital currency exchange, a significant number of Shiba Inu tokens have been burned to reduce the total supply. Burning tokens is a common strategy used by projects to increase the value of their tokens. However, the exact number of Shiba Inu tokens burned is not publicly disclosed. The burning process helps to create scarcity and can potentially drive up the token's price. It is important to note that burning tokens does not affect the functionality or usability of the remaining tokens.
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