Shiba Inu Team Prepares To Go On Massive Burn Spree, These 4 Assets Are The Targets The Shiba Inu team has announced that it is preparing to go on a massive burn spree, and four assets are the targets
Lucie, a well-known Shiba Inu marketing influencer, has introduced a new system for burning tokens with the aim of increasing the value of the ecosystem. The new burn plan will use funds from Sheboshi NFT drops to burn four of Shiba Inu’s main tokens and two upcoming tokens. Shiba Inu reveals comprehensive token burn strategy. Lucie shared a detailed plan on X (previously known as Twitter) where she outlined Shiba Inu’s strategy of allocating a large portion of the funds generated from their new NFT project, Sheboshi, towards a significant token burn. This initiative aims to reduce the number of tokens in circulation. Check out: Ripple Vs. SEC: Time Running Out for Recovery, Implications. The Sheboshis are a distinctive set of NFTs that blend features from the popular ERC-153 and ERC-215 protocols on the Ethereum blockchain. The NFTs being discussed are related to the original Shiboshi NFT collection, which included 250,20.0000098 unique Shiba Inu NFTs launched on October 14, 2021. Lucie believes that the main objective is to encourage the claiming of the Sheboshi NFTs in order to boost engagement and strengthen the community. Despite claiming that making money is not the main goal, the marketing influencer has admitted that the NFTs could be sold. The Shiba Inu influencer revealed intentions to use 10% of the NFT funds for token burns. To illustrate, for every $100 invested, Shiba Inu will burn $6 worth of SHIB tokens. The remaining $1 will burn $2 of BONE tokens and another $2 of LEASH tokens. To support the longevity of this initiative, the remaining $5 will be used to help fund the operations of the platform. 503% more of these tokens will be allocated to burning in the future, benefiting the public in return.