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.

Another 2.75 Million #shib gone forever. Bringing our total burned to 889,483,100 since launching our campaign on Oct. 20th. We're excited for what 2022 will bring!

Receipts, a burn counter, & playlists can be found at: https://t.co/qAZCxRSOss

Etherscan: https://t.co/wLRv7Ktebe

— Steven Cooper (@iamstevencooper) January 3, 2022

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.

41.03006% Shiba Inu tokens were burned from the initial supply of 1 quadrillion in 2021.

Shiba Inu (SHIB) the token that was created as a meme coin and Doge competitor in August 2020 under the leadership of “Ryoshi” closed the year 2021 burning 410,273,539,992,961 shib tokens with 3,412 transactions.

???????? 410,273,539,992,961 $SHIB tokens have been burned this year with 3,412 transactions. #happynewyear #shibarmy

— Shibburn (@shibburn) January 1, 2022

The meme coin quickly gained some reputation in early 2021, drew investors’ attention after the involvement of personalities like Elon Musk and Vitalik Buterin.

When launched, Shiba Inu’s total supply was set to 1 Quadrillion. Later, Shiba Inu’s team gifted Vitalik Buterin half of SHIB’s total supply. Some people took this act as a “Marketing stunt.”

In response to the gift, Vitalik Buterin made the following announcement on May 17, 2021:

“I’ve decided to burn 90% of the remaining Shiba tokens in my wallet. The remaining 10% will be sent to a (not yet decided) charity with similar values to crypto relief (preventing large-scale loss of life) but with a more long-term orientation.”

Vitalik Buterin later declared the donation of 50 trillion SHIB tokens (worth around $1.2 billion at the time) to an India COVID-19 relief fund set up by Polygon founder Sandeep Nailwal.

Following this news, Shiba Inu’s burn movement started to grow and slowly the burning took momentum. Some online businesses like Nowpayments, Newegg, and Bigger Entertainment started to contribute towards Shiba Inu’s token burn. Some YouTubers like YourPop, Richskies, etc. also took the responsibility on their shoulders to burn Shiba Inu’s (SHIB) token by contributing 20% to 50%, even 100% of their Profit until and unless Shiba Inu’s token price hit price at least 1 cent.

Now, the Burning of SHIB token movement is in its full motion, In December 2021 alone  2,072,852,914 Shib tokens were burned with 349 transactions.

The question is that whether the price of Shib can reach 1 cent with such massive burnings or not?. The answer is definitely yes, but we need someone like Vitalik in 2022 that can burn trillions of tokens. There might be chances that the SHIB team officially announces any kind of massive burning this year, if anything like that happens, the price of SHIB will not only boost but also SHIB will be massively embraced in an unprecedented way.

Also, top crypto exchanges like Coinbase, Binance, and Kraken have listed Shiba Inu in 2021. There are more than a few chances that Robinhood will soon be joining other leading exchanges in listing Shib.

Shiba Inu’s (SHIB) team declared the first phase of DOGGY DAO, known as DAO 1 (Beta), with the aim of continually working towards decentralization.

Read: Shiba Inu Confirms Shibarium Will Use BONE As The Native Gas Toke, Hint At Mega Surprise Waiting for SHIBArmy

DOGGY DAO is here. Woof!https://t.co/5sEZX50Z1j

— Shib (@Shibtoken) December 31, 2021

According to Shiba Inu’s (SHIB) official blog post:

“DAO 1, is focused on providing immediate power to the community in order to decide which crypto projects and pairs on the ShibaSwap WOOF Pools will be, and how the $BONE rewards (Allocation Points) are to be distributed amongst them.”

With the launch of the new community voting system, users will be able to distribute their voting power when holding $tBone (the staked form of $BONE) into their preferred projects in order to effectively challenge the following:

“1). Make those projects available in Shiba Inu’s official pools. 2). Choose how these will affect the APs that will decide the amount of $BONE the pairs will receive as rewards. 3). Encouraging this systematic DAO method to be achieved by a fully decentralized community process.”

The team further said:

“DAO 1 is a powerful tool, as the rewarded Liquidity Pools will be decided fully by the users. This avoids the Developers from making those very choices. The responsibility falls on the community, and what they want to experience within the platform. Therefore, from this point forward, any and all projects that want to form part of our WOOF Pools will need to be decided by community voting.”

Meanwhile, “DAO 2 will be a system that allows the community to make generic proposals to be considered or reviewed by our Multisig-Team, and Breeds.”

DOGGY DAO is planned to be released in a stage-by-stage metric and phased approach, This allows the community to understand what are the needs, and requirements of the project while also attending to the possibilities that this ecosystem brings to the community.

The team further noted this is the vital first step, in their decentralized exchange to grow, while sponsoring all the benefits to the Shib Army from such pairs, and welcoming new shareholders to use the platform.

GiftChill, The Mega eGift Cards Platform Adds Support For Shiba Inu. Now You Can Send Shiba Inu As a Gift To Celebrate New Year.

GiftChill announced their Shiba Inu eGift Card available for purchase, an offer that is not yet available at any other online store.

This premium Shiba Inu eGift Card is an exclusive offer that allows you to conveniently purchase $500, $800, $1000, and $2000 worth of Shiba Inu tokens for you or a friend. This eGift Card can be sent to any budding crypto investor, friend, family member, or simply a quick and easy way to purchase the Shiba Inu token for yourself.

GiftChill was created to combat unnecessary credit card use on gift card sites, So they do not require any credit card information.

Gift cards can be purchased with different cryptocurrencies: Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Doge, Shiba, Cardano, Chromia, Solana, XRP, BUSD, USDC, and USDT. GiftChill maintains a partnership with Coinbase and NowPayments for payment processing.

To Redeem Your Shiba Inu Gift Card, You first need to pay for the eCard of your choice with any crypto you like. Once your payment is confirmed on the blockchain, you will receive a 12-word seed phrase for a MetaMask wallet via email. Metamask will contain the number of tokens purchased with your eGift Card.