- What is Shiba Inu Burning?
Shiba Inu burning is the process of permanently removing Shiba Inu (SHIB) tokens from circulation. This is done by sending SHIB tokens to a dead wallet, where they can never be used again.
- How Will the Automated Burn Mechanism Work?
The new automated burn mechanism will be integrated into the Shibarium layer-2 blockchain. When transactions are made on Shibarium, a small percentage of the transaction fees will be automatically burned.
- How Much SHIB Could Be Burned?
The exact amount of SHIB that will be burned is difficult to predict. However, some estimates suggest that billions of SHIB tokens could be burned each year.
- Benefits of Burning SHIB
There are several potential benefits to burning SHIB. One benefit is that it can help to reduce the overall supply of SHIB tokens, which could lead to an increase in the price of each token. Additionally, burning SHIB can help to make the Shiba Inu ecosystem more sustainable.
- Conclusion
The automated Shiba Inu burn mechanism is a major development for the Shiba Inu community. It has the potential to significantly reduce the supply of SHIB tokens, which could lead to an increase in the price of each token. The burn mechanism is also expected to make the Shiba Inu ecosystem more sustainable.
I hope this summary is helpful! Let me know if you have any other questions.