To accelerate the burning of Shiba Inu tokens (SHIB), strategic actions involving both the community and developers and partners are necessary. Here are the main ways to accelerate the burning rate and potentially reduce supply and increase the token's value:
1. Burn rates on transactions (burn tax)
• Create or integrate automatic burn mechanisms in purchase, sale, and transfer transactions.
• Ex: 1% of every transaction in SHIB is automatically sent to a burn wallet (dead wallet).
2. Burns linked to products and services
• Burn part of the profits from projects linked to the SHIB ecosystem (such as Shibarium).
• Ex: Each transaction on Shibarium can generate a partial burn of SHIB.
• Ex: NFT marketplaces or Play-to-Earn games that burn part of the fees.
3. Scheduled manual burns
• Promote monthly or weekly events where SHIB holders voluntarily send tokens to burn.
• This already happens, but it can be incentivized with rewards (e.g., exclusive NFT for those who burn the most).
4. Purchases and burns with revenue from partnerships
• Companies that accept SHIB as payment may burn part of the received SHIB.
• Ex: 'For every product purchased in our store with SHIB, we will burn 10% of the value.'
5. Marketing and engagement campaigns
• Create gamifications in the community, such as challenges and rankings for those who burned the most.
• Integrate with platforms like YouTube, Discord, and Telegram to encourage collective actions.
6. Reduction of supply in staking or lock
• Incentive to lock SHIB in liquidity pools with rewards for locked time.
• Although this does not burn the tokens, it temporarily reduces the circulating supply (similar effect).
