Shiba Inu Token (SHIBUSD)

[xZx]

new 300 trillion coin burn? read up:

this article is from may 17th, 2021:

Vitalik Buterin Burns $6B in SHIB Tokens, Says He Doesn't Want the 'Power'

The amount destroyed equates to almost half of SHIB’s total circulating supply.

The remaining half of SHIB’s supply is locked for liquidity on decentralized finance platform Uniswap.

https://www.coindesk.com/markets/2021/05/17/vitalik-buterin-burns-6b-in-shib-tokens-says-he-doesnt-want-the-power/



my take?

imagine if SHIB's founders burned the locked supply on uniswap, and as they did that, gave retail SHIB hodlers a staking reward, in another token, like LEASH or BONE.

then the new staked SHIB could be used for liquidity.

https://www.shibatoken.com/

this would reduce the outstanding dramatically.

how much?

300 trillion SHIB at 0.00000718 USD is worth about $2.16 billion.

for reference, the total market cap today is only 2.83 billion.

so after a burn of this magnitude, the entire market cap would be a mere $672 million.

i'm guessing the remaining supply would be approximately 93,982,494,125,874 tokens.