To burn a token simply means to take some of the tokens out of circulation permanently to reduced the total supply of the token which will boost the market price of the token.
It took various groups inside the SHIB community ten transactions to burn this amount of crypto. By now, 41,0302 per cent (totalling 410.3 trillion tokens) from of the overall initial SHIB of one quadrillion supply has been burned
In the past 24 hours, there have been a total of 17,081,193 $SHIB tokens burned and 10 transactions. So far, a total of 410,302,031,022,757 #SHIB tokens (41.0302%) have been burned from the initial supply of 1 quadrillion. #shibarmy
— Shibburn (@shibburn) February 5, 2022
Also, more SHIB in a total of 1,882,892 was sent to a dead wallet.
February 14 on Valentine's day, another SHIB burn party hosted by Bigger Entertainment crypto record label would take place on YouTube. Previously, a similar event took place on December 26, when 239 million SHIB tokens were burned.
The founder of Bigger Entertainment, Steven Cooper said on his Twitter feed that more SHIB burn would take place during the SHIB burn party on February 14 and he is inviting the SHIB community to join in by purchasing a ticket to join the event for $5.
There is a difference in SHIB burn party arrangements this time around as Cooper said the Shiba Inu community will be burning SHIB by tuning into the live video on YouTube.
This will be the first burn party where you’ll be burning #SHIB just by tuning in. So make sure to mark your calendars for Feb. 14th at 2 PM CST. 😊
— Steven Cooper (@iamstevencooper) February 4, 2022
Be sure to subscribe:https://t.co/gA3so0w9ws
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