Thursday, January 20, 2022
Home Crypto News Market Another 14.5 Million Shiba Inu Gone Forever

Another 14.5 Million Shiba Inu Gone Forever

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Another 14.5 million Shiba Inu Burned For Ever.



Steven Cooper, the owner of Bigger entertainment, has announced that his team burned another 2.75 Million shib tokens.

The transaction can be seen on:

https://etherscan.io/tx/0x40677c385998054e9b2cc436610011873e2e6ee1b96b6d29cf4ad3b52f33a3cf

In total, Bigg entertainment has been able to burn 889,483,100 Shiba Inu since the launch of their burning campaign.

Steven Cooper, an owner of Bigger Entertainment, is particularly engaged in socializing with ShibArmy. He is doing a great job burning SHIB coins and decreasing their supply.

Burning is a process where tokens are permanently removed from the circulating supply. As the supply of coins decreases eventually, the price goes high. Steven Cooper recently announced that his company plans to burn $100,000 worth of Shiba Inu, almost 2.95 Billion tokens. In December, there was a mega shib burn party organized by Bigger entertainment; they were able to burn 239 million tokens.

On the other hand, on Jan 02, Shiba coffee, another business that focuses on burning shib regularly, burned 11,851,851 tokens (11.8M).

The transactions can be seen at:

https://etherscan.io/tx/0xdc5c8cfd31beb99a707f9dddbe7d2c0a7d504dadb5ae08d26364c4791398a43d

Shiba Coffee Company was founded by someone with the mission to sell coffee in exchange for Shiba Inu (SHIB) token. The company promised to purchase Shib with its 100% of profits; 10% of the yields are used to burn shib and 90% on business development.

 

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Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Ammara authored more than 1,000 stories for TheCryptoBasic, CryptoComes and other fintech media outlets. She is particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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