What is the burn schedule for Shiba Inu coin?

3 answers

• Kadir TopcuSep 18, 2024 · 10 months ago
  The burn schedule for Shiba Inu coin is a mechanism designed to reduce the total supply of the coin over time. This is achieved by periodically burning a portion of the circulating supply. When coins are burned, they are permanently removed from circulation, which can potentially increase the value of the remaining coins. The burn schedule is typically determined by the project team or the community, and the frequency and amount of burns can vary. It's important to note that the burn schedule alone does not guarantee an increase in value, as it depends on various factors such as market demand and overall project performance.
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• MacKinnon KenneyAug 09, 2022 · 3 years ago
  The burn schedule for Shiba Inu coin is an important aspect of its tokenomics. By regularly burning a portion of the circulating supply, the project aims to create scarcity and potentially drive up the value of the coin. The burn schedule can be seen as a way to reward long-term holders and incentivize scarcity. However, it's important to consider that the burn schedule alone is not the sole determinant of the coin's value. Market conditions, investor sentiment, and project developments also play a significant role in determining the price of Shiba Inu coin.
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• Kupela PhiriOct 27, 2024 · 9 months ago
  The burn schedule for Shiba Inu coin is not publicly disclosed by BYDFi, the current exchange where the coin is listed. The burn schedule is typically determined by the project team or the community behind the coin. It's important to note that the burn schedule is subject to change and can vary from project to project. The purpose of the burn schedule is to reduce the total supply of the coin over time, which can potentially increase its value. However, it's important to conduct thorough research and consider other factors before making any investment decisions.
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