Shibarium will enhance the effect of burning the famous Shiba-Inu memtoken

The Shiba-Inu Memtoken Tier 2 solution will burn more coins than before. Now, during each transaction on the network, not only a commission will be charged, but also tokens will be burned. This became known on the Twitter account of the Shibarium Network website.

It should be noted that not all token holders were enthusiastic about this news. On the one hand, the smaller the emission of a mem token, the more the deflationary nature of the coin increases, which increases the value due to the smaller supply. On the other hand, if there are too few coins, then according to some people, they will no longer make sense.

In most cases, the community will be happy to continue burning Shiba-Inu. Reducing the initial emission of 1,000,000,000,000,000 was one of the global goals of the community. The smaller the offer, the higher the value. At the time of writing, people managed to burn about 41% of the original proposal with a common effort. There are more than 589,000,000,000,000 coins in circulation.

Shiba-Inu advocates believe that in order to improve the deflationary effect of the mem token, it is necessary to burn not billions of coins, but trillions. Thus, over time, it will be possible to achieve the desired effect, since along with the burning of coins, new Shiba-Inu tokens continue to appear, since blockchain technology implies the endless emission of Shiba.

SHIB burning has become very high in 2023. In the first days alone, 200,000,000 tokens were burned, while for the entire last year, about 83,000,000,000 coins were destroyed. Despite a good start, the burning process has now slowed down by 65% according to the data provided by the Shibburn.com service. Over the past 24 hours, about 5,000,000 were burned, which is very small compared to what we could observe in the first days of 2023.