{"id":60600,"date":"2022-04-25T17:28:25","date_gmt":"2022-04-25T14:28:25","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=60600"},"modified":"2025-09-05T04:16:19","modified_gmt":"2025-09-05T01:16:19","slug":"shiba-inu-developers-launch-token-burn-mechanism","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/shiba-inu-developers-launch-token-burn-mechanism\/","title":{"rendered":"Shiba Inu developers launch token-burn mechanism"},"content":{"rendered":"<p>The team behind Shiba Inu has launched a portal where SHIB holders can burn their tokens. In return, investors will receive burntSHIB, which accrues rewards in variable-rate RYOSHI tokens.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">\ud83d\udd25\ud83d\udd25ShibaBurn is live\ud83d\udd25\ud83d\udd25 <br \/>Powered by Ryoshis Vision<a href=\\\"https:\/\/t.co\/trkX7sBEWu\\\">https:\/\/t.co\/trkX7sBEWu<\/a><\/p>\n<p>\ud83d\udd25\ud83d\udd25 Burn $SHIB\ud83d\udd25\ud83d\udd25<br \/>\ud83d\udd25\ud83d\udd25Get $burntSHIB\ud83d\udd25\ud83d\udd25<br \/>\ud83d\udcb0\ud83d\udcb0 Earn $RYOSHI\ud83d\udcb0\ud83d\udcb0 <\/p>\n<p>That means .49% of all <a href=\\\"https:\/\/twitter.com\/search?q=%24RYOSHI&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$RYOSHI<\/a> transaction goes to $burntSHIB holders. <a href=\\\"https:\/\/twitter.com\/hashtag\/RyoshiVision?src=hash&#038;ref_src=twsrc%5Etfw\\\">#RyoshiVision<\/a> <a href=\\\"https:\/\/twitter.com\/hashtag\/SHIB?src=hash&#038;ref_src=twsrc%5Etfw\\\">#SHIB<\/a> <a href=\\\"https:\/\/twitter.com\/hashtag\/Together?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Together<\/a> <a href=\\\"https:\/\/twitter.com\/hashtag\/RyoshiArmy?src=hash&#038;ref_src=twsrc%5Etfw\\\">#RyoshiArmy<\/a> <a href=\\\"https:\/\/twitter.com\/hashtag\/ShibArmy?src=hash&#038;ref_src=twsrc%5Etfw\\\">#ShibArmy<\/a> <a href=\\\"https:\/\/t.co\/erRcv1zlfu\\\">pic.twitter.com\/erRcv1zlfu<\/a><\/p>\n<p>\u2014 Ryoshis Vision (@Ryoshis_Vision) <a href=\\\"https:\/\/twitter.com\/Ryoshis_Vision\/status\/1517992516192243713?ref_src=twsrc%5Etfw\\\">April 23, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p><a href=\\\"https:\/\/forklog.io\/chto-takoe-szhiganie-monet-i-kak-ono-vliyaet-na-tsenu\/\\\">Coin burning<\/a> reduces the supply of tokens and, all else equal, increases their value. The initiative aligns with the project community&#8217;s wishes, which had been pressing for a mechanism like this.<\/p>\n<p>The portal was developed as part of a partnership between Shiba Inu and Ryoshis Vision (RYOSHI), a DeFi project in the Ethereum ecosystem focused on supporting SHIB&#8217;s growth.<\/p>\n<p>Among burntSHIB holders 0.49% of all RYOSHI transactions will be distributed.<\/p>\n<p>Within 24 hours of the portal&#8217;s launch, the SHIB supply declined by 8 billion tokens. According to the dedicated dashboard, in the partial day of April 25 this procedure affected 3.4 billion SHIB.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Woof! <\/p>\n<p>In the first 24 hours over 8 BILLION <a href=\\\"https:\/\/twitter.com\/search?q=%24SHIB&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$SHIB<\/a> was burned through the SHIB Burn Portal!<\/p>\n<p>\ud83d\udd25Burn <a href=\\\"https:\/\/twitter.com\/search?q=%24SHIB&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$SHIB<\/a> and earn passive income at <a href=\\\"https:\/\/t.co\/jSnPG8SEoF\\\">https:\/\/t.co\/jSnPG8SEoF<\/a>!<\/p>\n<p>IMPORTANT: Read disclaimer at <a href=\\\"https:\/\/t.co\/D91bVoMUtz\\\">https:\/\/t.co\/D91bVoMUtz<\/a> <a href=\\\"https:\/\/t.co\/GmhxNdZAvi\\\">pic.twitter.com\/GmhxNdZAvi<\/a><\/p>\n<p>\u2014 Shib (@Shibtoken) <a href=\\\"https:\/\/twitter.com\/Shibtoken\/status\/1518403481450680320?ref_src=twsrc%5Etfw\\\">April 25, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>According to CoinGecko, Shiba Inu&#8217;s price over the last 24 hours fell by 1.9%.<\/p>\n<p>As a reminder, Vitalik Buterin became the largest SHIB holder after developers sent <a href=\"https:\/\/u1f987.com\/en\/news\/vitalik-buterin-emerges-as-the-largest-holder-of-shiba-inu\">half of the token supply<\/a> to his wallet. Subsequently, Ethereum co-founder <a href=\\\"https:\/\/forklog.io\/vitalik-buterin-szheg-90-prinadlezhashhih-emu-tokenov-shiba-inu\/\\\">burned 90% of that amount<\/a> to avoid speculation.<\/p>\n<p>Taking into account Buterin&#8217;s actions and the current initiative, from 1 quadrillion SHIB, 410.33 trillion tokens (41% of the issuance) have been removed from circulation.<\/p>\n<p>Earlier, Binance conducted the nineteenth quarterly burn of BNB for $741.8 million.<\/p>\n<p> Subscribe to ForkLog&#8217;s news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog Feed<\/a> \u2014 the full news stream, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog<\/a> \u2014 the most important news, infographics and opinions <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The team behind Shiba Inu has launched a portal where SHIB holders can burn their tokens. In return, investors will receive burntSHIB, which accrues rewards in variable-rate RYOSHI tokens.<\/p>\n","protected":false},"author":1,"featured_media":60601,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1525,1258],"class_list":["post-60600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-shiba-inu","tag-tokenomics"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=60600"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60600\/revisions"}],"predecessor-version":[{"id":60602,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60600\/revisions\/60602"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/60601"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=60600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=60600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=60600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}