What is the amount of Shiba Inu coin that gets burned each day?

3 answers

• Claudio MartinezDec 13, 2020 · 5 years ago
  The amount of Shiba Inu coin that gets burned each day varies depending on the activity on the network. As of now, the exact daily burn amount is not publicly disclosed. However, you can check the blockchain explorer or official announcements for any updates on the burn rate. It's important to note that coin burning is a mechanism used to reduce the total supply of a cryptocurrency, which can potentially increase its value over time.
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• nass179Mar 18, 2022 · 3 years ago
  Unfortunately, the specific daily burn amount of Shiba Inu coin is not readily available. The burn rate depends on various factors such as transaction volume and network activity. It's best to keep an eye on official announcements or community updates for any information regarding the daily burn rate. Coin burning is a common practice in the cryptocurrency industry to create scarcity and potentially drive up the value of the token.
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• saronily 1onFeb 22, 2025 · 4 months ago
  BYDFi, a popular cryptocurrency exchange, provides regular updates on the daily burn amount of Shiba Inu coin. They have a dedicated team that monitors the burn rate and publishes the information on their platform. You can visit their website or follow their social media channels to stay updated on the daily burn amount. Coin burning is an important aspect of token economics and can have a positive impact on the value of the cryptocurrency.
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