Shiba Inu [SHIB] has been emerging stronger than other crypto assets. Unlike other networks, the Shib Army was observed voluntarily engaging in the ecosystem. Community burns are a prime example of this. An array of individuals from the community have been carrying out over the last couple of months. Now, the ecosystem intends to take matters into its own hands by constructing its very own burn portal.
Several members of the Shib Army including Bigger Entertainment, Shiba Inu Games, Shiba Coffee Company have been carrying out burns on a regular basis. All these platforms have been sending SHIB into dormant wallets in the hopes of boosting the altcoin’s price. In the near future, however, the network will conduct burns through its own burn gateway.
The recent Shiba Inu AMA hoster by Watcher Guru drew nearly 7,500 listeners. The event had an array of speakers like Shib Informer, Queenie, Archangel, and others. All of them shed light on the projects that were in the works. Further elaborating on the future of the burns, Shib Informer said,
“We want to make the burn rate grow with the utilization rate of the platform. If we do that we can have a virtuous cycle that fits back into each other.”
The ecosystem attempts to maintain utility while decreasing Shiba Inu’s supply. He playfully advised the community not to request a 90 percent burn because it would be impossible. Shib Informer further went on to emphasize the significance of integrating this to platform usage in order to maintain the vision that they had for burning.
Despite burning 410,303,203,394,795 SHIB from its initial supply, the price of the altcoin was stuck at $0.00002501. Nevertheless, the cryptocurrency managed to record a daily surge of 6.03%, at press time.
Shiba Inu and its big plans for 2022
The most recent AMA disclosed a wealth of facts. Aside from the burn portal, Archangel confirmed that the Shiberse will include a total of 99,000 plots of land. However, not all of this will be released at once. The first batch will include 35,000 plots, and the others will follow once the first batch is sold out.
Additionally, a collective cards game was also in the making, William Volk, former Activision head affirmed.