The latest information on Shiba Inu Burn Portal reward distribution was received from ShibaSwapDEX’s official Twitter handle. According to the announcement, the long-awaited reward will be distributed in the next 48-72 hours.
To reduce the supply of tokens in circulation, the creator of the famous Memecoin Shiba Inu has set up a gateway that allows investors to burn their $ SHIB holdings. The Shiba Inu Burn Portal was introduced by the team on April 23, 2022 as part of the initiative.
This action aims to increase the value of the token by promoting its rarity. Developers often use the write process to reduce the total number of tokens that exist, resulting in increased rarity and higher asset prices.
The ShibaSwapDEX team will post more updates shortly
To encourage owners to pursue the Shiba Inu burning process, coin-burning investors receive passive income in the form of RYOSHI rewards. 0.49% of all RYOSHI transactions are offered to investors who burn SHIB.
According to the website 55,924,188,817.3 SHIB It has been burned to date. According to the announcement, further updates on reward distribution will be announced shortly.
This initiative has been taken up quite well by investors and we are witnessing a large amount of SHIB being burned every day. Recently, another initiative has emerged that allows users to burn SHIB with Amazon Audible.
According to Travis Johnson, whose Twitter handle is “SHIB Superstore”, Shiba Inu (SHIB) tokens could be burned. Via Amazon Audible. According to the tweet, Amazon will offer $ 5 to everyone who signs up for a free Audible trial.
In addition, about 500k of Shiba Inu tokens will be consumed for each registration. However, interested visitors should use Johnson’s referral link. Johnson is the main cause of Shiba Inu burns and the creator of mobile games.