Over 1.47 billion SHIB tokens have been permanently removed from circulation in the last 24 hours since the SHIB Burn Portal launch
1.47 Billion SHIB Tokens Burnt Within 24 Hours
Over 1.47 billion SHIB tokens have been permanently removed from circulation in the last 24 hours thanks to the community’s enthusiastic response to the recently released “SHIB Burn Portal.”
According to newly released data from Shibburn.com, a mind-boggling total of 1,472,795,311 (1.47B) SHIB tokens worth $32,622 has been burned in the last 24 hours through 146 separate transactions using the newly launched “Burn Portal.”
However, compared to the previous day, when 2,030,364,253 (2.03B) canine-themed tokens were sent to the “inferno” address through 159 separate transactions, the burn rate for SHIB decreased by -16.92 percent.
ShibaSwap officially released “SHIB Burn Portal” a week ago. Since then, nearly a thousand transactions have successfully removed a total of 21,601,611,341 (21.60B) SHIB tokens from circulation, totaling $479,339 in value.
First-Ever SHIB-Themed Fast Food Restaurant
Apart from that, Welly, the first-ever SHIB-themed fast food restaurant, comes up with future Shiba Inu burn plans.
“We’re honored to grant @Shibtoken decentralized community FULL 15% ownership of the Welly Company! On our road to acquisition, this is an amazing way to give back to the community which loves us so much.”
— WELLYIn the near future, the Italy-based fast-food company has announced that it will contribute to SHIB burns in a variety of ways, including allocating 2% of total net profit collected from all stores for SHIB burns, as well as a portion of franchise fees.
Welly recently announced that the Shiba Inu Community now owns a full 15% of the Welly Company. This ownership percentage will go directly to Shiba Welly Wallet, which is supposed to be controlled by the community through votes, according to the company.
This means that the community would have the power to decide whether they want to use this percentage or a portion of it for burn, rewards, or to invest in Welly’s expansion through Doggy DAO votes using BONE (another Shiba Inu ecosystem token).
Welly is currently accepting franchise applications from all over the world. There have been over 300 applications received, and they are currently being reviewed.
Following the completion of the review process, the team will contact the most suitable and appropriate franchisers for interviews.
