What is the current burn rate of Shiba Inu coin?

3 answers

• iain whitsonJul 31, 2020 · 6 years ago
  The current burn rate of Shiba Inu coin is not publicly disclosed. However, the project has implemented a burn mechanism where a portion of each transaction is burned, reducing the total supply over time. This burn rate is designed to create scarcity and potentially increase the value of the remaining tokens. It's important to note that burn rates can vary over time depending on market conditions and project decisions.
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• Albrektsen PattersonOct 20, 2024 · a year ago
  Shiba Inu coin has a burn rate that is determined by the community. The burn rate is influenced by the number of transactions and the amount of tokens being sent to the burn address. As more people transact with Shiba Inu coin and choose to burn tokens, the burn rate increases. This mechanism is aimed at reducing the total supply and potentially increasing the value of the remaining tokens. It's important to keep an eye on the project's official channels for updates on the current burn rate.
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• Eskesen SnyderMay 05, 2023 · 3 years ago
  As a representative of BYDFi, I can confirm that the current burn rate of Shiba Inu coin is not publicly disclosed. However, the project has implemented a burn mechanism to reduce the total supply over time. The burn rate is influenced by the number of transactions and the amount of tokens being burned. It's important to note that burn rates can fluctuate based on market conditions and project decisions. For the most accurate and up-to-date information on the current burn rate, I recommend checking the official Shiba Inu coin website or social media channels.
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