shib燃烧了多少了(狗狗shib着火了)

SHIB燃烧了十亿！

1. WHAT IS SHIBA INU

Shiba Inu is a cryptocurrency created in August 2020 by an anonymous person under the pseudonym "Ryoshi." This token is named after the popular Japanese dog breed Shiba Inu and has become popularized as the "meme coin" due to its viral marketing campaigns on social media.

2. SHIBA INU ON FIRE

Recently, there has been a lot of buzz around SHIBA INU due to its incredible price gains. In fact, it has seen a 230% increase in the past week alone. However, there is another reason for its current attention - its burn rate.

3. SHIBA INU BURN RATE

A burn rate is the rate at which digital assets are permanently removed from circulation. In the case of SHIBA INU, this burn rate is achieved through a process known as "token burning." Whenever SHIBA INU is traded, a small percentage of that transaction is burned and removed from circulation. The current burn rate sits at 1% per transaction, which means for every 100 million SHIBA INU traded, 1 million is burned.

4. HOW MUCH HAS SHIBA INU BURNED?

As of May 11th, 2021, SHIBA INU has burned over ten billion tokens. This equates to roughly 0.1% of its total circulating supply. The burning process is ongoing and is set to continue until 50% of the total supply is burned.

5. WHY DOES SHIBA INU BURN TOKENS?

Token burning serves multiple purposes. Firstly, it helps to reduce the total supply of a particular cryptocurrency, which can help to increase its value. Secondly, it can help to combat inflation by removing tokens from circulation. Finally, it can serve as a way to reward long-term holders by increasing the value of their holdings.

6. CONCLUSION

SHIBA INU, the popular "meme coin," is on fire. Its current burn rate sits at 1% per transaction, and as of May 11th, 2021, over ten billion tokens have been burned. The burning process is ongoing and is set to continue until 50% of the total supply is burned. By reducing the total supply and increasing the value of long-term holders' holdings, SHIBA INU's token burning serves multiple purposes to benefit its community.