Shiba Inu Burn Portal Goes Live, Offering Rewards For SHIB Burns
First teased in the February Shiba Inu AMA, the SHIB team, in partnership with third-party token Ryoshi's Vision, created the portal to remove SHIB from the circulating supply of 549 trillion. In early April, members of the Shiba Growth team said the burn portal was in its final stages of development.
After the burn, burners will be eligible for Ryoshi rewards based on the percentage of the burn pool they hold.Over 350 million SHIB was destroyed via the burn portal just an hour after its launch.Explaining the reasoning for creating the portal, the team referenced its community. It said the community "has been quite vocal" regarding "creating a systematic method in which scarcity can increase while pushing the potential to grow the community's wealth in their investment."
Source
@Doge_ShibaInu
