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Shiba Inu Says Devs Can’t Alter Supply, Reveals Plan for Big SHIB Burns

Author: Content Editor
Shiba Inu's content marketer, Lucie, is addressing concerns about the token's circulating supply and suggests ways for the community to reduce it. Some investors believe that Shiba Inu's underperformance is due to its large supply. Lucie explains that the token's supply cannot be changed because the creator burned the keys, preventing anyone from controlling it. To reduce the supply, users need to buy and send SHIB tokens to a dead wallet for burning, which requires money. Lucie proposes a more effective solution that involves millions or billions of people participating in the burning process, creating an epic system that attracts users to Shibarium. As more users utilize the platform, more SHIB tokens will be burned, potentially increasing the value of the remaining ones. The success of this plan depends on the community adopting it. The Shiba Inu ecosystem team is moving all related projects to Shibarium to boost adoption and increase SHIB burns. Shibarium is designed to burn SHIB tokens using 70% of the base fee, and the team has manually burned over 56 billion SHIB tokens. With a supply of 1 quadrillion tokens at launch, 410.72 trillion SHIB tokens have been burned, leaving a supply of 589.27 trillion. Currently, 583.69 trillion SHIB tokens are in circulation.

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