A significant impressive stash of Shiba, over the years, sent to unspendable wallets had decreased the circulation in supply. Well, to increase Shiba Inu‘s price. To be fair, it hasn’t quite worked ov...
Tag: Burning
HDAO Launches New Burning Mechanism, 50% of Tokens in Total to be Burnt
The foundation of HDAO (HKD.com DAO) announced to rolling out of a new burning mechanism aiming to destroy 50% of the total amount of HDAO tokens. The burning mechanism was introduced following unan...
Shib Record Burning Brought No Results: Price Drops 7% More
Despite record burnings reported by Shibburn, the price of one of the most hyped cryptocurrencies dropped 7% more in 24 hours, quoting below the $0.0000115 level. Following this negative trend, the to...
Critics Blast Do Kwon, Saying Terra Could Have Saved LUNA By Burning 6.5T Coins With $1.3 Billion Reserves
– Advertisement – Do Kwon And Terra Could Have Saved LUNA With The $1.3 Billion Reserve But They Did Everything Wrong. The troubles facing Terra Luna and UST continue to spark heated deb...
Will Burning Excess LUNA tokens Really Impact the Price After it Failed Miserably with SHIB & ETH Price?
The Shiba INU platform to stabilize the SHIB price had earlier introduced a burn mechanism after Ethereum’s ETH 2.0 with EIP 1559 upgrade went operational. However, the burn mechanism does not appear ...
12.42 Billion Shiba Inu Burnt In 24 Hours As Shib Burn Rewards Increase Burning Curiosity
– Advertisement – 12.42 Billion Shiba Inu Tokens Burnt In 24 Hours. Shiba Inu Community has burned over 12.42 billion SHIB in the last 24 hours. Thanks to the first distribution of Shiba...
SHIB burning and its price – Is it a tale of ‘two roads diverged in a yellow wood’
The scarcity principle dictates that consumers place a higher value on products that are perceived to be scarce. In economics, when demand equals supply, an equilibrium is achieved. However, a disequi...
Tether stabilizes after burning 3 billion tokens
USDT’s market capitalization was at US$79.41 billion Tether is subject to burn an equal amount of USDT The price of dollar-pegged USDT is now at US$1.01 The world’s biggest stablecoin annihilated an a...
Russia Claims Ukraine’s Anti-Tank Missiles Are Duds. So Why Are Russian Tanks Burning?
A Ukrainian soldiers use a launcher with U.S. Javelin missiles during military exercises in Donetsk … [+] region, Ukraine, Wednesday, Jan. 12, 2022. (Ukrainian Defense Ministry Press Service via...
Tron burning mechanism burns more than 125 million coins
The Tron community has revealed that more than 125 million coins have so far been burned. The issuance of the TRX token is also at negative 120 million coins, equivalent to around $10 million. Tron bu...
Another Russian Warship Is Burning In The Black Sea
The Russian warship “Admiral Makarov” passes through Bosphorus in Istanbul, Turkey on August 13, … [+] 2021. (Photo by Muhammed Gencebay Gur/Anadolu Agency via Getty Images) Anadolu ...
Yuga Labs NFT Mint Leads to New Ethereum Burning Rate All-time High
42 mins ago | 2 mins read Editors News Some users paid 2.6 ETH to 5 ETH merely to complete their transactions. ETH is burnt for each transaction on the network. The auction of tokenized land plots in ...
Yuga Labs Otherside project triggers a spike in ETH burning
The Ether burning rates have now reached a new all-time high level. This comes amid the launch of Yuga Labs metaverse project known as “Otherside”. Yuga Labs is the team behind the Bored Ape Yacht Clu...
With The Wake Of Yuga Lab’s NFT Hype, Ethereum Burning Portal See Single Day Record High!
Ethereum’s burning protocol has hit a new all-time high (ATH) after the huge sale of tokenized land plots in Yuga Lab’s Otherside Metaverse project. According to WatchTheBurn, today’s Ethereum burn ra...
BAYC’s Otherside NFT Drop Triggers ETH Burning Frenzy
Ethereum’s burning rate has increased to unprecedented levels, fueled by the highly-anticipated virtual land sale related to Yuga Labs’, the startup behind the Bored Ape Yacht Club (BAYC), Otherside m...
ETH burning and gas prices surge, how will ETH’s value be shaped?
Ethereum ETH/USD is a community-run cryptocurrency project that powers thousands of decentralized applications (dApps). It is also the home for many non-fungible tokens (NFTs), as many creatives will ...
ETH’s burning protocol sets new single-day historical record, thanks to…
Ethereum, the world’s largest altcoin, followed a bearish path below the $2,850-pivot level. In fact, ETH even traded below the $2,800-support level amidst the wider correction within the market. It t...
Ethereum burning spikes to new high on Yuga Labs’ NFT hype
The burning rate of Ethereum (ETH) has spiked to new all-time high (ATH) levels following the heavily anticipated sale of tokenized land plots in Yuga Labs’ upcoming Metaverse project the “Otherside.”...
Unraveling why Shiba Inu has been declining despite burning billions of SHIB
Shiba Inu has garnered an audience that is now too huge to be ignored, and thus, in order to justify its existence and its investments, the meme coin has been making attempts at rapidly developing its...
Welly to Join Shiba Inu Burning Bandwagon
Alex Dovbnya An Italian fast-food restaurant will start burning SHIB tokens Welly, a Shiba Inu-themed burger chain, has confirmed that it will start burning SHIB tokens. The Naples-based company will ...
How SHIB-Themed Fast Food Restaurant Welly Is Contributing To Burning Shib And Growing Shiba Inu Ecosystem: Details
– Advertisement – Welly, the first-ever SHIB-themed fast-food company, officially unveiled the upcoming Burn Plans for Shiba Inu (SHIB). This week, Welly celebrated “Utilities Week,” whi...
Shiba Inu Launches ‘Burning Portal’ to Reward SHIB Token Holders
The team behind the popular meme coin Shiba Inu has launched a new burning mechanism designed to decrease the token’s circulating supply while rewarding holders with a yield-generating token. Shiba In...
How Will Shiba Inu Burning Portal Impact SHIB Price?
The cryptocurrency market has yet again opened the market on a bearish note where Bitcoin has plunged below $40,000 and Ethereum below $3,000 dragging almost every cryptocurrency to the bottom. But t...
SHIB burning portal launches, how will its future value be shaped?
Shiba Inu SHIB/USD is an altcoin that features the Shiba Inu hunting dog as the main mascot. While it was originally launched as a meme-coin, it eventually grew into its own ecosystem with the introd...
Getting Shibby with it: SHIB burning portal launches
Popular memecoin project Shiba Inu (SHIB) has launched a SHIB Burn Portal to decrease token supply and enable users to earn passive rewards while doing so. The Shiba Inu team stated on the portal webs...
Shiba Inu debuts its burning portal 1
TL; DR Breakdown Shiba Inu rolls out its burning portal The developers are planning to make the token scarce Users who burn Shiba Inu will earn incentives The development team of high-flying digital a...
Shiba Inu Launches SHIB Burning Portal: What Does it Mean?
The team behind one of the most popular doge-inspired memecoins – Shiba Inu (SHIB) – has launched a burning mechanism that allows holders to burn their tokens while also generating passive income. The...
Is The Legal Function Fiddling While The Rule Of Law Is Burning? The Case For An Integrated Response
CHARLOTTE, NC – SEPTEMBER 21: A police officer attempts to extinguish a fire on the I-85 (Interstate … [+] 85) during protests in the early hours of September 21, 2016 in Charlotte, North ...
Why despite SHIB’s active burning protocol, its price action has remained stagnant
Nobody can underestimate the growth that Shiba Inu showcased in the past year. In 2021, the cryptocurrency recorded a stunning 26,000,000% spike after stealing investors’ hearts. Although Shiba Inu’s ...
Polygon Launches Mobile Burning Capabilities for MATIC Tokens
Tomiwabold Olajide The MATIC burn console will now be available for Polygon’s mobile wallet suite As stated in a recent update, Polygon has launched two new features, first for mobile burning ca...