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Shibarium News: Can Shibarium Burn 111 Trillion SHIB Annually?

By:C, Fiona
Last updated:09/05/2023
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Among Shiba Inu owners, confidence in the SHIB burn process is high. They anticipate that the value of the asset will ‘burn’ up to symbolic price points of $0.001 and $0.01. Every day, members of the community continue to destroy Shiba Inu tokens. Shibarium is likewise planning to deplete the current supply of tokens. Could the burning of trillions of tokens after the launch of the L2 network send the price of SHIB soaring?

 

Shibarium Launch Takes Shiba Inu Burns Surpass 5,000,000,000 in August

 

 

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Shibarium’s True Effects Won’t Be Seen for Another 8-12 Months

 

 

‘Queenie’ drew out a hypothetical scenario in 2022 predicting the possible number of fires. She estimated that if all went according to plan, some 111 trillion SHIB tokens would be destroyed annually. That’s equivalent to almost 20% of the whole population of Shiba Inus. On Twitter, she predicted that the Shibarium and ShibaSwap 2.0 teams could burn trillions of SHIB tokens annually, even with a 1% transaction charge for SHIB burning.

 

 

 

 

Shibburn reports that around 25,100,470 SHIB tokens have been burned in the last 24 hours. Within a day, though, that represents a drop of 74.94%.

 

Several members of the community have speculated that Shibarium might consume 5 trillion tokens per month, or 60 trillion tokens annually. There has been no formal word from the team, though. Lucie, a member of the Shiba Inu team, recently observed that a number of prominent figures have been making “big promises” concerning SHIB burns. She began by outlining the basics, claiming that SHIB would be burned each and every time Shibarium was used. To elaborate,

 

Shiba Inu: Can Shibarium Burn 111 Trillion SHIB Every Year?

 

Since SHIB is the fuel of choice, [Shibarium] has cheap gas prices on purpose. This will allow millions of users to help burn SHIB tokens. That means it’s not just a handful of wealthy individuals wasting money.

She went on to elaborate on why patience is essential, saying,

 

The amount wasted will be revealed in the next update. There’s absolutely no need to haste. All of this is part of a larger strategy. In 8-12 months, Shibarium’s true effects will become apparent.

 

 

 

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Where to Trade SHIBUSDT Futures?

 

 

Now you can trade SHIB futures on BTCC. BTCC, a cryptocurrency exchange , was founded in June 2011 with the goal of making crypto trading reliable and accessible to everyone.  BTCC is a crypto exchange offering users liquid and low-fee futures trading of both cryptocurrencies and tokenized traditional financial instruments like stocks and commodities.

 

BTCC offers exclusive bonus for new users. Sign up and deposit on BTCC to get up to 10,055 USDT in bonuses. Meet the deposit targets within 30 days after successful registration at BTCC, and you can enjoy the bonus of the corresponding target levels.     Find out what campaigns are available now: https://www.btcc.com/en-US/promotions

 

BTCC also has an iOS app and Android app if you prefer to trade on the go.

 

    iOS QR Code               Android QR Code 

   

 

 

 




Why Trade SHIBUSDT Futures on BTCC

 

 

To trade Crypto futures, you can choose BTCC crypto exchange.BTCC, a cryptocurrency exchange , was founded in June 2011 with the goal of making crypto trading reliable and accessible to everyone. Over 11 years of providing crypto futures trading services. 0 security incidents. Market-leading liquidity.

 

Traders may opt to trade on BTCC for a variety of reasons

 

  • Secure：safe and secure operating history of 11 years. Safeguarding users’ assets with multi-risk management through the ups and downs of many market cycles
  • Top Liquidity：With BTCC’s market-leading liquidity, users can place orders of any amount—whSHIBer it’s as small as 0.01 BTC or as large as 50 BTC—instantly on our platform.
  • Innovative：Trade a wide variety of derivative products including perpetual futures and tokenized USDT-margined stocks and commodities futures, which are innovative products invented by BTCC.
  • Flexible：Select your desired leverage from 1x to 150x. Go long or short on your favourite products with the leverage you want.

 

 

 

 




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How to Trade SHIBUSDT Futures on BTCC ?

 

 

To trade SHIBUSDT Futures on BTCC, follow these simple steps:

 

 

  • Create an account

Go to the BTCC website and fill out the registration form with the necessary details. Finish the checks to make sure you’re in line with the stock exchange’s rules.

 

 

  • Deposit funds

Fund your BTCC wallet once your account has been created and verified. You can fund your BTCC account with a number of different cryptocurrencies and fiat currencies.

 

 

  • Navigate to the crypto trading section

You can begin trading on the BTCC platform as soon as your account has been funded. Find the crypto exchange rate, which is written as crypto/Bitcoin (BTC) or crypto/US Dollar (USDT) depending on the other pairs available.s.

 

 

  • Choose your trading type

Both spot trading and futures trading are available through BTCC. If you want to purchase or sell crypto tokens at the current market price, you may want to investigate spot trading. If you’d rather trade crypto with leverage and speculate on its price movements, you can do so with crypto Futures.

 

 

  • Place your trade

After deciding which type of deal you want to make, you can enter the amount of crypto you like to buy or sell, as well as your preferred price (if necessary). If everything checks out, go ahead and make the deal.

 

 

  • Monitor and manage your trades

 

Be sure to monitor your crypto holdings on the BTCC exchange. To limit losses and protect gains, you can use stop-loss and take-profit orders. It is also important to keep up with the latest crypto market trends and news if you want to successfully trade this cryptocurrency.

 

Before becoming involved in any kind of trading, make sure you’ve done your homework. Due to the extreme volatility of the cryptocurrency markets, it is crucial to have a well-defined trading strategy and risk management framework in place. To successfully trade crypto on the BTCC market and take advantage of the chances it provides, follow these procedures and keep yourself updated.

 

 

 

 

 

 

 

 

 

 

How to Trade Tether (USDT) on BTCC

 

 

 

Mobile App
  • 1. Download the BTCC App via App Store or Google Play
  • 2. Register and verify your account, or log in to your BTCC account.
  • 3. Tap ‘Buy Crypto’.
  • *Please note that only verified users are eligible to buy crypto on BTCC.
  • 4. Enter the amount you would like to buy in USDT.
  • 5. Select a service provider and proceed to payment.
Web Platform
  • 1. Register and verify your account, or log in to your BTCC account.
  • 2. Click ‘Buy Crypto’ on the menu.
  • *Please note that only verified users are eligible to buy crypto on BTCC.
  • 3. Enter the amount you would like to buy in USDT.
  • 4. Select a service provider and proceed to paymen.

 

 

 

 

 

 

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BTCC FAQs

 

1.Is BTCC safe?

Since its inception in 2011, BTCC has made it a priority to create a secure space for all of its visitors. Measures consist of things like a robust verification process, two-factor authentication, etc. It is considered one of the most secure markets to buy and sell cryptocurrencies and other digital assets.

 

2.Is it possible for me to invest in BTCC?

Users are encouraged to check if the exchange delivers to their area. Investors in BTCC must be able to deal in US dollars.

 

3.Can I Trade BTCC in the U.S?

Yes, US-based investors can begin trading on BTCC and access the thriving crypto asset secondary market to buy, sell, and trade cryptocurrencies.

 

 

 

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