The Shiba Inu team has come up with a new way to burn SHIB tokens.
Over 24 hours, the popular memecoin SHIB, the native token of the Shiba Inu blockchain, showed an increase of 2.1%. At the same time, according to Shibburn, during the same period the rate of token burning fell by more than 50%. The burning rate of SHIB tokens has decreased significantly, amounting to 2,344,178 SHIB ($23) in 24 hours. To solve the problem, the Shiba Inu team is working on a new initiative to burn SHIB tokens using part of the SHEBoshi proceeds. SHEBoshi is the latest version of the Shiba Inu team's NFT project, introduced in honor of Valentine's Day and providing support for existing Shiboshi NFTs. Unlike NFT Shiboshi, NFT SHEBoshi will be issued as ERC-404 tokens. The team will direct 50% of the income received to the Shiba Inu treasury, and the remaining 50% will be divided between the fund, the team and the burning reserve. The Shiba Inu team plans to allocate 6% of the 50% share for the burning of SHIB tokens. Each BONE, LEASH, TREAT and SHI token is assigned a burn rate of 1%. Needless to say, this was positively received by the community. Meanwhile, the head of the marketing department of the Shibarium ecosystem, Lucy, reported that the Shiba Inu token is listed on more than 130 exchanges. In this regard, hope for the price growth of the token has once again revived in the community.
On February 15, 1 million transactions were recorded on the Shibarium network, which also encouraged supporters of the meme coin.
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