Wednesday, November 30, 2022
HomeCrypto NewsMarketA Promise Fulfilled, 239 Million Shiba Inu Tokens Burned As A Christmas...

A Promise Fulfilled, 239 Million Shiba Inu Tokens Burned As A Christmas Party

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A promise was fulfilled, Bigger Entertainment burned 239 Million SHIB tokens as a Christmas party.

239 Million Shiba Inu Tokens Burned, Transaction can be seen on Etherscan.

The burn party was organized by Bigger Entertainment, Steven Cooper, founder, and owner of Bigger Entertainment first announced on Twitter that his team intends to destroy 211,666,467 Shiba Inu coins on December 26. This amount kept on increasing since the beginning of December. Later the founder announced that they were able to burn 239 Million+ shib. He also invited the shib community to watch the burn event live on youtube.

Shib lovers bought $5 each for a ticket to participate in the burn party, Big Entertainment then bought coins for the amount collected and burned them all. The company also makes sure to provide Etherscan transactions of the burned tokens unlike ‘Ask The Doctor’ which always just acted to be burning Shib coins.

Along with the burn party there was a free NFT give away which was won by Blu Moo:

Cooper said:

“Congrats to Blu Moo, who is the winner of our one-of-a-kind Shiba Santa NFT. Blu contributed over $300 to the burn pot for the party! Tickets to the party are now closed.”

Cooper and his company were planning to reach a target of 1 Billion token burns on Chrismast, but that did not happen. However, they were able to burn 239M tokens.

Cooper also commented on ‘Ask The Doctor ‘saying it was sad to see AskTheDoctor was a scam. A lot of big claims, but never burned a single coin. Hope the shibarmy learns from this. If you don’t see burning on a consistent basis, don’t trust it.”

Overall, taking into account all the SHIB burning that is taking place everywhere, a total of 410,300,479,135,246 SHIB tokens (41.03005%) have been burned from the initial supply of 1 quadrillion.

Read Latest Shiba Inu Updates Here



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Albert Brown
Albert Brown
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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