{"id":25870,"date":"2022-05-03T17:30:11","date_gmt":"2022-05-03T21:30:11","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=25870"},"modified":"2022-05-03T17:30:17","modified_gmt":"2022-05-03T21:30:17","slug":"shiba-inus-burn-portal-will-start-rewarding","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/shiba-inus-burn-portal-will-start-rewarding\/","title":{"rendered":"Shiba Inu’s Burn Portal Will Start Rewarding Users On May 17"},"content":{"rendered":"\n
On May 17 Shiba Inu token holders will be able to receive their rewards for burning SHIB tokens. This will continue every two weeks<\/h5>\n\n\n\n
\"Shiba
Shiba Inu's Burn Portal Will Start Rewarding Users On May 17<\/figcaption><\/figure>\n\n\n\n

Shiba Inu holders to receive rewards for burning SHIB tokens<\/h2>\n\n\n\n

According to a Twitter announcement\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, Shiba Inu token holders will be able to receive their rewards for burning SHIB tokens<\/a> on May 17.<\/p>\n\n\n\n

\n

\ud83d\udd25 Burn Portal Update \ud83d\udd25

Here's a quick update in regards to the Reward Cycle. Rewards will be available on May 17th, and continue every two weeks.

We're excited to see the amount of use the portal has brought for the community and building based on the #ShibArmy<\/use><\/svg><\/span><\/a>'s feedback.<\/p>— Shib (@Shibtoken) May 3, 2022<\/use><\/svg><\/span><\/a><\/blockquote>

After forming a partnership with decentralized finance project Ryoshi's Vision, the team behind the second-largest altcoin launched a burn portal<\/a> in late April (RYOSHI). On the first day of the launch, over eight billion tokens were burned.<\/p>\n\n\n\n

Users of the burn portal receive burntSHIB tokens after permanently removing a certain number of SHIB tokens from circulation by sending them to a burnt address. They'll be able to trade burntSHIB tokens for RYOSHI, the Ryoshi's Vision token's native token.<\/p>\n\n\n\n

Every two weeks, users will receive RYOSHI tokens as a reward. BurntSHIB token holders have a 0.49 percent stake in all transactions.<\/p>\n\n\n\n

SHIB, which began with a single quadrillion token, now has 54 trillion in circulation. Last year, Ethereum co-founder Vitalik Buterin burned nearly half of the cryptocurrency's total circulating supply. The programmer also donated a portion of the SHIB tokens that Ryoshi, an anonymous co-founder, had given him.<\/p>\n\n\n\n

Users of the Shiba Inu cryptocurrency are burning tokens to make the canine cryptocurrency more scarce, potentially increasing its value.<\/p>\n\n\n\n

On the Binance exchange, the SHIB token is currently trading at $0.00002013.<\/p>\n","protected":false},"excerpt":{"rendered":"

On May 17 Shiba Inu token holders will be able to receive their rewards for burning SHIB tokens. This will continue every two weeks Shiba Inu holders to receive rewards for burning SHIB tokens According to a Twitter announcement , Shiba Inu token holders will be able to receive their rewards for burning SHIB tokens […]<\/p>\n","protected":false},"author":29,"featured_media":25873,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[9529,5612],"class_list":["post-25870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-shib-burn-portal","tag-shiba-inu-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Shiba-Inus-Burn-Portal-Will-Start-Rewarding-Users-On-May-17.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/25870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=25870"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/25870\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/25873"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=25870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=25870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=25870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}