What is the total amount of SHIB that has been burned so far?

ChenQI5Mar 26, 2022 · 3 years ago3 answers

Can you tell me the current total amount of SHIB tokens that have been burned up until now? I'm curious to know how much of the SHIB supply has been permanently removed from circulation.

SHIB

Cryptocurrency

Token Burning

3 answers

Mar 26, 2022 · 3 years ago
As of the latest data, the total amount of SHIB tokens burned so far is approximately 500 trillion. Token burning is a mechanism used by some cryptocurrencies to reduce the total supply and increase the value of the remaining tokens. In the case of SHIB, burning tokens helps to create scarcity and potentially drive up the price.
Mar 26, 2022 · 3 years ago
The total amount of SHIB that has been burned up to this point is quite significant. It's estimated to be around 500 trillion tokens. Token burning is a common practice in the cryptocurrency world, and it serves multiple purposes. By reducing the supply of SHIB, it can potentially increase the value of the remaining tokens and create a more deflationary environment.
Mar 26, 2022 · 3 years ago
According to the latest information from BYDFi, the total amount of SHIB tokens burned so far is approximately 500 trillion. Token burning is an important aspect of SHIB's ecosystem as it helps to control inflation and increase the value of the remaining tokens. By removing tokens from circulation, it creates a scarcity that can potentially benefit SHIB holders.