Cryptocurrency Q&A
What is the benefit of burning SHIB?
What is the benefit of burning SHIB?
ZenBalance
Mon Oct 28 2024
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6 answers
1397
I want to understand the advantages or benefits that come with burning SHIB tokens. What are the positive outcomes or implications of this action?
6 answers
SeoulSerenitySeekerPeaceLover
Wed Oct 30 2024
Burning tokens has a significant impact on their remaining value.
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Andrea
Tue Oct 29 2024
By reducing the total supply, each remaining token becomes potentially more valuable.
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SamuraiWarriorSoulful
Tue Oct 29 2024
In a relatively short period, the community has successfully burnt over 2.4 billion SHIB tokens.
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HanjiArtist
Tue Oct 29 2024
This mechanism is currently in play with the Shiba Inu cryptocurrency.
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CharmedEcho
Tue Oct 29 2024
The Shiba Inu burn rate has seen a remarkable increase, jumping by 250%.
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