Shiba coffee, Brick Buster, Shiboshi NFT, and bigger entertainment burned over 468.3M shib coins in January.
Shiba Coffee Company has recently released its burning figures for January 2022.
The Coffee Company reported that they could burn 19.8 million SHIB tokens with the help of the Shiba Inu Community. The company also has shown its gratitude to Shiba Inu Community and said that without the support of the SHIB Army, this burn wouldn’t be possible.
As proof of burn, the Coffee Company has shared the screenshot of the burn transactions.
January burn complete of 19.8 million $SHIB! This wouldn't be possible without all of you! Check below for Etherscan proof, and come back later for a full blog post writeup about everything that went on @ShibaCoffeeCo in January! https://t.co/UO58Yqz2OD#SHIBBurnPledge #SHIBARMY pic.twitter.com/vrMZlD358c
— Shiba Coffee Company (@ShibaCoffeeCo) February 1, 2022
The company also noted that it would soon update a blog post on its official website to explain everything to Shiba Coffee Company in January. However, the blog post is not updated yet.
Shiba Coffee Company is based in the United States and working on a unique model to burn Shiba Inu (SHIB) token. The model targets explicitly Coffee lovers. The company says, “Drink Coffee and Burn SHIB.”
100% of the earned profit is used to purchase Shiba Inu (SHIB) token and hold it for life. Out of which 10% is sent to Vitalik Buterin’s burn wallet.
Looking into the official website of Shiba Coffee Company, we found that besides the sale of Coffee, the company has introduced a few other models that will help SHIB reduce its circulating supply. The other models include sales of merchandise, NFT burner auctions, and Games.
The official Twitter handle of Shibburn reported that over 1.32 billion SHIB tokens were taken out of circulation forever in January, with 293 transactions.
According to the On-chain data, the most significant burn is carried by Brick Buster, the game available to play on Google Play Store. The game was able to burn 232 million SHIB tokens in January.
The collective Shiboshi NFT contributes the second biggest burn, i.e., over 109 million tokens were burned through name changes with 58 transactions.
Bigger Entertainment came third and was able to burn 103 million tokens.
Other than these top four names, Shibburn tracker and ShibaSearch have burned 100 million and 60 million tokens, respectively.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
