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How much SHIB has been burned in the past month?

avatarHeath RiggsNov 25, 2021 · 3 years ago3 answers

Can you provide information on the amount of SHIB that has been burned in the past month? I'm interested in understanding the impact of the burning mechanism on the total supply of SHIB tokens.

How much SHIB has been burned in the past month?
SHIB
Cryptocurrency
Burning

3 answers

  • avatarNov 25, 2021 · 3 years ago
    Sure! The burning mechanism is an important aspect of SHIB's tokenomics. In the past month, approximately 10 billion SHIB tokens have been burned. This burning process helps reduce the total supply of SHIB tokens over time, which can potentially increase the value of each token.
  • avatarNov 25, 2021 · 3 years ago
    The burning of SHIB tokens in the past month has been significant. A total of around 10 billion SHIB tokens have been burned, which is a substantial amount considering the current circulating supply. This burning mechanism is designed to create scarcity and potentially drive up the value of SHIB tokens.
  • avatarNov 25, 2021 · 3 years ago
    According to the latest data, the burning of SHIB tokens in the past month has resulted in the destruction of approximately 10 billion tokens. This burning process aims to control inflation and create a deflationary effect on the token's supply. It's an important mechanism that can potentially benefit SHIB holders in the long run.

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