Connect with us

Shibarmy News

Now Payments Releases Shiba Inu Burn Plan That Could Benefit Holders and Vendors Alike



(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.)

Exciting news coming out from Now payments to help reduce the circulating supply of the Shiba Inu Crypto Tokens. The announcement was made in a tweet by the official Now Payments account that said “Today, @NOWPayments_io is delighted to present $SHIB & $LEASH optional BURN feature!  Keep track of #SHIB & #LEASH you’d like to burn  Burn 0,1—100% of the profit!  Get visibility with”



The plan seems to have been worked out with Shiba Inu Growth Breed Leader Milkshake as she was tagged in the posts. She responded on her own timeline explaining that this will “support utility burns while also distributing confidence to those with legitimate/transparent burn projects”


According to Nowpayments those who burn tokens will get free publicity in exchange for their burs as they will add them to a featured section and to blog posts. Trust is important in the Shiba Army and with cryptocurrencies as a whole. This is a good first initiative for the Shiba Inu Partnershib as they were one of the first to accept Shiba Inu.

With this and other burn mechanisms coming soon with Shibarium, Shibaswap and private projects the burns are becoming more prevalent and faster than ever before.