CryptoAce
Sat Nov 30 2024
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5 answers
959
What happens after token burn?
I'm wondering about the consequences or effects that occur after a token is burned in the cryptocurrency or blockchain context. What happens to the overall token supply and its value in the market?
GyeongjuGloryDaysFestivalJoy
Thu Jul 11 2024
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6 answers
1352
What is Shiba Inu's token burn strategy?
In the realm of cryptocurrencies, Shiba Inu's token burn strategy has garnered significant attention. Could you elaborate on what this strategy entails? As I understand, it involves the deliberate removal of a portion of the SHIB tokens from circulation, aiming to create scarcity and potentially enhance the value of the remaining tokens. How does this process work? Are there both manual and automated methods involved? I'm also curious to know if the Shiba Inu community and ecosystem projects play a role in this burn process. Could you provide some examples of how they might contribute? Lastly, how does this strategy align with Shiba Inu's broader goals and ambitions for its ecosystem?
