Token burning of
1. Current supply and burn rate
Currently, Shiba Inu has a circulating supply of approximately 589 trillion tokens. At this rate, even with active initiatives such as the Shiba Burn Portal or
For example, in 2023, approximately 10 billion tokens were burned monthly.
2. Projects and utilities driving the burn
Shibayl Exchange
Future projects like Shibarium (the solution
If
3. Target price and necessary burn
If the goal is for SHIB to reach $0.01, the circulating supply would need to be reduced from trillions to millions for it to be sustainable. This would require burning more than 99.9% of the current supply.
At current rates, without a significant change, this would take more than 100 years.
4. What would accelerate the process?
Increase in adoption: Large burns by developers: Massive community support: The
Scam
At current rates, it is unlikely that SHIB will reach a significantly reduced supply in a reasonable timeframe. For it to be profitable, it would require:
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