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Re: longview1 post# 55531

Wednesday, 03/06/2024 12:08:09 PM

Wednesday, March 06, 2024 12:08:09 PM

Post# of 57224
Basically right now the total supply is Extremely large and Shiba like Bitcoin there is only a Set Limit Coin in supply.

but so far about Half of the total supply of Shiba Coins are gone meaning taking out of the supply to trade or invest. The largest ever Shiba Inu burn was made by Ethereum inventor Vitalik Buterin, who was gifted a large number of SHIB when the project launched. 70% of the base transaction fees paid on the Shibarium layer 2 network are used to burn SHIB.

So as time progress and institutions come in buy or sell the system of Shiba supply will keep reducing and become more rare.

Therefore the longer everyone holds the more Shiba increases in value.
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