Cryptocurrency Q&A How many coins has Shiba burned?

How many coins has Shiba burned?

EclipseSeeker EclipseSeeker Mon Oct 14 2024 | 7 answers 1615
I heard that Shiba Inu, the popular cryptocurrency, has been burning coins. I'm curious to know how many coins have been burned so far. Can someone provide me with an update on this? How many coins has Shiba burned?

7 answers

SamuraiCourageous SamuraiCourageous Wed Oct 16 2024
Shibarium, as a pivotal project within the SHIB ecosystem, plays a crucial role in maintaining the momentum of the burn process. Its development and adoption contribute to a virtuous cycle, where increased confidence and activity within the ecosystem further incentivize token burning, thereby reinforcing the scarcity narrative.

Was this helpful?

296
77
CryptoElite CryptoElite Wed Oct 16 2024
BTCC, a prominent cryptocurrency exchange, offers a comprehensive suite of services that cater to the diverse needs of cryptocurrency enthusiasts. Its platform supports spot trading, enabling users to buy and sell SHIB tokens directly, as well as other digital assets, with ease and convenience.

Was this helpful?

177
67
Valentino Valentino Wed Oct 16 2024
The SHIB community has demonstrated remarkable dedication by incinerating over 2.4 billion tokens within a brief period. This remarkable feat underscores the collective commitment of SHIB holders to decrease the token's supply, thereby potentially enhancing its scarcity and value.

Was this helpful?

179
29
Pietro Pietro Wed Oct 16 2024
The swift and substantial burning of SHIB tokens serves as a testament to the community's belief in the long-term potential of the cryptocurrency. By actively reducing the circulating supply, holders are essentially voting with their actions to support a more sustainable and valuable token ecosystem.

Was this helpful?

142
86
Caterina Caterina Wed Oct 16 2024
In addition to spot trading, BTCC also provides access to futures trading, offering traders the opportunity to speculate on the future price movements of SHIB and other cryptocurrencies. This feature adds another layer of depth and sophistication to the trading experience, catering to both retail and institutional investors.

Was this helpful?

354
51
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts