Shiba Inu News: The SHIB Burn Portal Is Live. Why This Is Important and How You Can Benefit.

(Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. Every investment and all trading involves risk, so you should always do your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.)

So many people are looking at the burn portal and asking how this is going to help with the Shib burn as people have to burn their own tokens. On the face of it may not look like much more than a publicity stunt but this is far from the truth.

Currently, there are many small businesses that are doing their best to help burn supply which usually gets sent to the Dead Wallet. Many people do not even know that they are doing this for the community as either a tweet is sent out which disappears within days or it is done in privacy without the community even knowing what they are doing. Now, these businesses have the opportunity to gain rewards when they burn tokens. This will help with morale among other things. On the official website, it states” Investors who burn their $SHIB tokens would share 0.49% of all RHYOSHI transactions.” We know that this may seem small but the truth is everything adds up.

So how exactly do you burn tokens? It is actually very easy to use the portal which can be found at https://burn.shibaswap.com/. below is the tutorial from Archangel

So far 1.7 Billion Shib have been burned in the first couple of hours. We are sure this number will grow as many businesses that already burn Shiba are going to take part in this. It also gives us a better understanding of just how many businesses are contributing to the burn as it will be consolidated into one place. A big thank you has to go out to the team for developing this but a HUGE thank you to all in the Shib Army that has been burning Shiba that have not been recognized. As more projects come together we feel the pieces are all going to start to align and a clearer picture of the Shiba Ecosystem’s future will be seen.

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