Shiba Inu Army Launches Petition Urging Binance To Burn SHIB

Quick Summary:

A formal petition on Change.org has been started by the Shiba Inu Army with the goal of convincing Binance, the biggest cryptocurrency exchange in the world, to burn one percent of all Shiba Inu (SHIB) token transactions every day.

Burning tokens reduces the circulating supply, creating scarcity and potentially increasing the token’s value,” the petition reads.

On July 17, 2024, a well-known community member by the name labib_co shib, known as Labib, started the proposal.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: Hungary

Topics: Shiba Inu Shiba Inu Binance SHIB burn Shiba Inu price Binance SHIB price Shib Shiba Inu news SHIB Burn Binance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-19 @ 22:00:24 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 477 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21687785

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