shib burn amount

Ⅰ What is the destruction mechanism of SHIB Shiba Inu coin? How much does it reduce every year?

The total amount of SHIB issued is 1000 trillion, of which 50% of the total supply has been put into Uniswap , and lost the private key, and the remaining 50% was transferred to the Buterin address.

On May 10, 2021, according to foreign media reports, the Shiba Inu coin, a virtual currency after Dogecoin, entered people’s field of vision. In just 2 days, the Shiba Inu coin has gone from a cheap altcoin to the top cryptocurrency in the world. May 13, 2021 Buterin donated 50 trillion SHIB tokens (about 1.2 billion US dollars) to India’s new crown virus relief fund. On May 17, 2021, Ethereum founder Buterin Butterfly destroyed 45% of Shiba Inu coins.

Development history:

In August 2020, Shiba Inu Coin was born with a circulation of 1,000 trillion.

On May 7, 2021, Hiromichi Mizuno, Tesla’s independent director and former chief investment officer of Japan’s pension fund, said on social media: “Investors can trade Shiba Inu coins on a short-term basis, but don’t treat yourself like this. Shiba Inu pet dog.” Elon Musk immediately responded: “I’m looking for a Shiba Inu (coin)!”

As of May 9, 2021, the Shiba Inu coin has skyrocketed by nearly 1200% in one day.

What is the circulation of II shib coins

The circulation is 1000 trillion. The 2022 Shiba Inu community locked 50% of the total Uniswap supply and lost the keys! The remaining 50% is burned to Vitalik Buterin, and the coin is the first project along this path for the Shiba Inu community, so everyone has to buy it on the open market, making Developers cannot dump their team tokens in the community to ensure fair and complete decentralization.
Expansion information:
shib was first listed on Matcha, although Hoo, Huobi, okex, Binance and other platforms have also been launched one after another. The day shib was launched on Huobi, the increase exceeded 300%, and the market was very hot. The initial price of shib is: 0.000,000,000,0001 is again a bunch of zeros. The total amount was 1000 trillion, half of which was 500 trillion, which was directly called to V God. Equivalent to (or hope for) half of Shib will be destroyed forever, and will return to zero forever.
What kind of dog is shib? The image of shib is Shiba Inu, which is why shib is called Shiba Inu Coin. The shib coin started in August 2020. It is an experimental project for decentralized and spontaneous community construction. The purpose of the development team is to distribute the developed characters to any participant who has the time and technology. For this reason, they fire SHIB as a excitation. As for whether it has value, it’s hard to say. In fact, Dogecoin has no value. Too many people blowing it up and too many leeks will attract capital with a sickle in hand. However, in the delivery of goods by the world’s richest man, Musk, Dogecoin has gone crazy, and dog shit coins have become fragrant. The title of “King of Money in the Currency Circle” is by no means a false name.
According to the market news in 2022, the circulation of shib coins is 1,000 trillion, which is still very large. 50% of the total supply has been locked in Uniswap, and the remaining 50% will be destroyed to the Buterin address. Everyone has to buy on the open market to ensure a fair and complete distribution, the development team does not own any tokens and cannot dump it on the community. community situation. Two days after its release in 2022, the Shiba Inu coin community is already quite large. According to Etherscan, the number of transfers will reach 230,000 in 2022, and there are already 67,700 addresses. If users of centralized exchanges are considered, the number of SHIB holders has exceeded at least 100,000.

How much Ⅲ shib coins are destroyed each year

The total amount of SHIB issued is 1000 trillion, of which 50% of the total supply has been put into Uniswap and lost Private key, the remaining 50% will be transferred to Buterin address.

shib does not have a destruction mechanism, but after the ecological construction is completed, every time a dog leash is exchanged, the shib used for exchange will be destroyed, so the amount of shib will be less and less, and the project party also believes that shib has a chance to reach $0.1.

Shib (Shib)

Virtual currency, born in August 2020, with a circulation of 1,000 trillion.

As of May 9, 2021, the Shiba Inu coin has skyrocketed by nearly 1200% in one day. On May 10th, the Shiba Inu coin came into people’s field of vision. In just 2 days, it went from a cheap altcoin to the world’s No. 1 cryptocurrency.

Ⅳ shib burning speed

At 5:45 Beijing time, Buterin burned the remaining 90% of the SHIB in his wallet, worth 7.7 billion US dollars. Influenced SHIB soared 34%. Previously, Buterin donated 10% of SHIB to the Indian Crypto Anti-epidemic Foundation. But V God wrote in the message that he hoped not to put money into his wallet without his permission in the future.
1, Incremental combustion mechanism.
At present, most of the burning mechanisms follow the safemoon model, that is, a certain percentage of transaction fees are deducted and returned to the holder in the form of coins or into the black hole wallet. Tugou especially likes to use this set. In the absence of ecological support, unless this mechanism continuously attracts more people to join, the essence of the so-called destruction and deflation mechanismMutual killing of stock among token holders. That’s why safemoon mode is, in most cases, a horror game about who escapes first.
The burning mechanism of shib and leash is different. It requires that all new coins listed on shibswap, its development team must buy 25,000 US dollars of shib and 25,000 US dollars of leash into the black hole wallet, in the form of incremental “dollars” , to benefit all holders of shib and leash.
What do you mean? May wish to demonstrate this process through the calculation process. Suppose there are 10,000 leases and 10,000 ethers in the pool, and suppose 1 lease=1 eth=$2500. At this time, if there is a new coin to be listed on the shibaswap platform, the development team of the coin needs to take out 10 leases from the pool and throw them into the black hole address for permanent destruction, and at the same time throw 10 eth into the pool; at this time, the price of lease changes. It became 10010/9990 eth, that is, the price of 1 lease is about 1.002 eth.

Author: Don’t Eat Tutu
Link: https://www.hu.com/question/492615234/answer/2198146936
Source: Zhihu
Copyright Owned by the author. For commercial reprints, please contact the author for authorization, and for non-commercial reprints, please indicate the source.
At 5:45 Beijing time, Buterin burned the remaining 90% of the SHIB in his wallet, worth $7.7 billion, and SHIB soared by 34%. Previously, Buterin donated 10% of SHIB to the Indian Crypto Anti-epidemic Foundation. But V God wrote in the message that he hoped not to put money into his wallet without his permission in the future.

How many coins of IV shibb are issued

Consultation records · Answered on 2021-11-30

VI shib coins Is there a destruction mechanism for the project?

SHIB is an experiment in decentralized spontaneous community construction. There is no destruction mechanism for shib, but after the ecological construction is completed, every time a dog leash is exchanged, the shib used for exchange will be destroyed, so the amount of shib will become less and less, and the project party believes that shib has a chance to reach 0.1 USD. of.

Shib, a virtual currency, was born in August 2020 with a circulation of 1,000 trillion.

As of May 9, 2021, the Shiba Inu coin has skyrocketed by nearly 1200% in one day. On May 10th, the Shiba Inu coin came into people’s field of vision. In just 2 days, it went from a cheap altcoin to the world’s No. 1 cryptocurrency.

Development history

In August 2020, Shiba Inu coin was born with a circulation of 1,000 trillion.

On May 7, 2021, Hiromichi Mizuno, Tesla’s independent director and former chief investment officer of Japan’s pension fund, said on social media: “Investors can trade Shiba Inu coins on a short-term basis, but don’t treat yourself like this. Shiba Inu pet dog.” Elon Musk immediately responded: “I’m looking for a Shiba Inu (coin)!”

As of May 9, 2021, the Shiba Inu coin has skyrocketed by nearly 1200% in one day.

On May 10, 2021, according to foreign media reports, the Shiba Inu coin, a virtual currency after Dogecoin, entered people’s field of vision. In just 2 days, the Shiba Inu coin has gone from a cheap altcoin to the top cryptocurrency in the world.

May 13, 2021 Buterin donated 50 trillion SHIB tokens (about 1.2 billion US dollars) to India’s new crown virus relief fund.

On May 17, 2021, Vitalik Buterin, the founder of Ethereum, destroyed 45% of the Shiba Inu coin.

How often VII shib is destroyed

In 2005, the domestic securities market carried out the share structure reform, in order to adapt to some listed companies to repurchase shares Arrangements for payment of consideration and standardize the way of share repurchase. The China Securities Regulatory Commission has specially issued the “Administrative Measures for the Repurchase of Public Shares by Listed Companies”. Act, cancel the special account for repurchase, announce the company’s share change report within two working days, and cancel the repurchased shares in accordance with the law within 10 days, and go through the industrial and commercial change registration procedures

Ⅷ How about the market price of shib?

The price of shib currency is now 0.00042 RMB, a 7-day increase of +17.33%, the historical highest price of shib currency is 0.0000886 US dollars, and the historical lowest price of shib currency is 0.0000000 US dollars.
Expansion information:
1, shib is also known as Shiba Inu coin and Erdoge coin. This is an experiment of decentralized spontaneous community building. The shib coin is short for DOGECOIN KILLER, this ERC-20 Only token can maintain a price around one cent and still surpass Dogecoin in a short period of time (relatively speaking). Shiba Token ($Shib), the first cryptocurrency to be listed and incentivized by ShibaSwap, a decentralized exchange for the Shiba Inu community, has gained worldwide popularity and has risen thousands of times in value.
2, Currently the Shiba Inu community has locked 50% of the total Uniswap supply and lost the key! The remaining 50% was burned into Vitalik Buterin, and the coin was the first project that the Shiba Inu community went down this path, so everyone had to buy it on the open market, making it impossible for developers to buy it on the open market. Dumping your own team tokens in the community �� Ensure fairness and complete decentralization.
3, shib was issued in August 2020, with a circulation of 1,000 trillion. Shib was first listed on Matcha, although Hoo, Huobi, okex, Binance and other platforms have also been launched one after another. The day shib was launched on Huobi, the increase exceeded 300%, and the market was very hot. The initial price of shib is: 0.000, 000, 000, 0001 is again a bunch of zeros. The total amount was 1000 trillion, half of which was 500 trillion, which was directly called to V God. Equivalent to (or hope for) half of Shib will be destroyed forever, and will return to zero forever.
4, the image of shib is Shiba Inu, which is why shib is called Shiba Inu coin. The shib coin started in August 2020. It is an experimental project for decentralized and spontaneous community construction. The purpose of the development team is to distribute the developed characters to any participant who has the time and technology. For this reason, they fire SHIB as a excitation. As for whether it has value, it’s hard to say. In fact, Dogecoin has no value. Too many people blowing it up and too many leeks will attract capital with a sickle in hand.

Ⅸ shib plummets, what is the risk of buying virtual currency

shib plummets, and the risk of buying virtual currency is very high.

1. There is no limit on the rise and fall of virtual currency, and the position may be liquidated in one day;

2. The virtual currency has not been recognized by any country, which is a huge political risk;

3. Tesla’s stoppage of bitcoin payments has caused other virtual currencies to plummet, which once again calls into question the value of bitcoin.

Virtual currency has gradually entered everyone’s attention, from disapproval to questioning to acceptance by some people, and now it is no surprise that the virtual currency has risen or fallen sharply for many people. How much feeling, because many people have seen more such scenes. The shib plummets, and the risk of buying virtual currency is very high, because virtual currency does not have any limit on the rise and fall, which leads to the fact that virtual currency can be liquidated in one day. This risk is unacceptable for many people; virtual currency has not received any country. This is a huge political risk; the most important thing is that Tesla, which previously supported bitcoin payment, has stopped bitcoin payment, which has caused the value of virtual currency to plummet, which is also a huge risk.

Third, Tesla’s stop of bitcoin payment has led to questioning the value of virtual currency again

Tesla’s Musk should be the most optimistic about bitcoin One of the people, because of Musk’s platform, more people see the charm of virtual currency, but Tesla’s suspension of bitcoin payment has called the value of bitcoin into question, which is why virtual currency has plummeted.

X What is the shib coin? Does the project have a destruction mechanism?

SHIB is an experiment in the construction of a decentralized and spontaneous community.

The total amount of SHIB issued is 1000 trillion, of which 50% of the total supply has been put into Uniswap, and the private key has been lost, and the remaining 50% has been transferred to the Buterin address.

shib does not have a destruction mechanism, but after the ecological construction is completed, every time a dog leash is exchanged, the shib used for exchange will be destroyed, so the amount of shib will be less and less, and the project party also believes that SHIB has a chance to reach $0.1

This means that users can freely buy and sell in Uniswap. Losing the private key means giving up management rights. Because the price of SHIB is very low, some users hold dozens of billions or even trillions of SHIB coins.

SHIB is issued based on Ethereum. ShibaSwap will be launched at the end of April. Compared with Dogecoin, which can only be used for Twitter, Reddit rewards and other application scenarios, SHIB can be better applied to the blockchain of Ethereum. in ecology. However, the launch time of SHIB is short, and the circulation is not sufficient, and it still needs time to test.

SHIB coin is illegal, because it is forbidden to buy and sell virtual currencies such as SHIB coin in China. At present, SHIB is not listed, and the circulation is only within the community, so its value is not so great. Since the number of people who know SHIB coins is very small, the number of people in circulation is also very small.

Notes for purchasing SHIB:

It should be noted that shib does not have a core consensus, even the underlying construction fund pool of the basic cryptocurrency, There is no loan, database, exchange mechanism, etc. It is just a token based on the Ethereum chain. This currency can only be short-lived, and everyone needs to be cautious when investing.

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