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Finally, the dream of the Shiba Inu meme community to exclude 50 billion SHIB tokens from circulation has come true. The combustion portal reached this important milestone in less than a month.
In addition, the Shiba Inu community has already started receiving rewards as part of the ShibaBurn campaign, as the SHIB army jointly withdrew tokens worth $ 579,500 in several thousand individual transactions. The first accruals took place on May 17.
Interestingly, after the distribution of ShibaBurn rewards, the speed of burning SHIB increased dramatically, and as a result of 286 separate transactions, a whopping number of Shiba Inu tokens were burned – 18,348,470,507 (18.34 billion).
On May 19, an anonymous wallet owner set a new record by burning a whopping $124,300 shib in a single transaction. This event shows that the developers of the Shiba Inu ecosystem did not make a mistake with the solution in the form of SHIB Burn Portal.
The portal was officially launched on April 23, 2022, encouraging incineration through a “Reward Mechanism” for SHIB holders. In accordance with it, anyone who burns Shiba Inu tokens will receive a Ryoshi Vision token in return.
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