The ongoing discussions within the Shiba Inu community have sparked curiosity regarding the strategic plans for coin burning. This initiative aims to decrease the circulating supply of Shiba tokens, subsequently increasing their value. With a community-driven approach, the Shiba team has unveiled various proposals and mechanisms that could facilitate this large-scale burn, emphasizing the importance of community participation.Among the most notable suggestions are:
- Transaction Fee Burn: Implementing a percentage of transaction fees to be burned with each trade.
- Exchange Partnerships: Collaborating with exchanges to introduce burn programs for trades conducted on their platforms.
- Community Events: Organizing events and giveaways where a portion of tokens are burned during the festivities.
While specific figures remain fluid,early estimates suggest a notable reduction in total supply could be within reach. The Shiba Inu ecosystem has also explored creating a dedicated burn wallet, which could transparently track the total coins burned. The following table summarizes some proposed milestones for the burning process:
| Proposed Burn Milestone | Estimated Coins to Burn | Expected Date |
|---|---|---|
| Initial Phase | 1 Trillion | Q1 2024 |
| Midterm Goals | 5 Trillion | Q3 2024 |
| Long-term Vision | 10 Trillion | 2025 |
