This is how the SHIB price can reach $0.01, says the head of Shiba Inu Burning Business:
Owner of a company that regularly makes SHIB burns has proposed a plan to let the price of the token reach $0.01
Owner of Bigger Entertainment has a vision to push the SHIB price to $0.01. Meanwhile, nearly 72 million Shiba Inu coins have been burned in the past 24 hours.
“That’s how we get to $0.01”
Steven Cooper’s Bigger Entertainment sells NFTs, merch and event tickets for SHIB, and also allows users to listen to music tracks, spending a portion of the profits and a portion of the royalties they pay the artists to buy SHIB. buy it and then burn it.
He has tweeted that his company wants to spread beyond the SHIB military to get people outside the community — who may not even be familiar with crypto — to destroy the meme tokens.
Cooper believes this could be a way to help the price of Shiba Inu reach the $0.01 level, by entertaining people.
Our goal is not for #shib holders to always burn their coins. Our goal is to distribute music, YouTube videos, merch, NFTs, etc. to audiences outside #shibarmy. Thus we reach a .01. By building an ecosystem where people burn without even knowing it. Through entertainment.
— Steven Cooper (@iamstevencooper) January 30, 2022
Cooper’s company has been burning SHIB since October last year, and the amount it is burning is now approaching one billion tokens. They send tokens live on YouTube to a dead wallet during so-called ‘burn parties’. The SHIB army also offered to buy a $5 ticket to such a party, this way to burn more SHIB.
The previous symbolic burning took place on Boxing Day, January 26; a total of 239,600,144 SHIB were sent to the unusable “inferno wallet”.
The next fire feast will take place on February 14, Valentine’s Day.
2.7 billion tokens destroyed since December
According to data from the Twitter account “SHIBtyme”, as many as 2,770,970,782 tokens have been withdrawn from circulation since December 1. The average daily burn is about 51,314,274 tokens.
This Twitter page owner’s recent count shows that between January 17 and 23, 194,644,388 SHIB were burned.
Weekly #ShibBurnWrapUp (1/17 – 1/23):
Total #shib Burnt in week: 194,644,388
— SHIBtyme (@worldofao) January 25, 2022
According to Twitter user @shibburn, 61,668,406 SHIB have been destroyed in the past 24 hours. Burning this amount to SHIB took 26 transfers to a dead wallet.
After that, 3.6 million, 5.6 million and 1 million tokens were also burned.
In the last 24 hours, there are a total of 61,668,406 $SHIB tokens burned and 26 transactions. So far a total of 410,301,786,398,738 #SHIB tokens (41,03018%) have been burned from the first supply of 1 quadrillion. #shibarmy
— Shibburn (@shibburn) January 31, 2022