Shiba Inu Burn Portal Rewards Will Be Given Out Soon

The ShibaSwapDEX official Twitter handle has provided updates regarding the Shiba Inu burn portal award distribution. According to the release, the much anticipated awards will be given out within the next 48 to 72 hours.

Shiba Inu’s founders have created a gateway where investors can burn their $SHIB holdings in order to reduce the amount of tokens in circulation. On April 23, 2022, the team launched the SHIB burn portal as a part of the project.

By encouraging scarcity, this activity aims to raise the token’s value. Burning is a common technique used by developers to lower the overall supply of tokens and hence make them more rare, which drives up the price of the asset.

Shiba SwapDEX team will soon provide more updates

The investors that burn the coin will earn passive income in the form of RYOSHI incentives, which will incentivize the holders to continue the Shiba Inu burning process. Investors that burn their SHIB will receive 0.49 percent of all RYOSHI transactions.

The website states that as of today, 55,924,188,817.3 SHIB have been burned. Further information surrounding the reward distribution will be made public soon, according to the release.

As we see a significant amount of SHIB being burned every day, the investors have very well embraced the idea. Users can now burn SHIB with Amazon Audible thanks to a recent push.

According to Travis Johnson, whose Twitter handle is “SHIB Super Store” SHIB tokens can now be burned through Amazon Audible. According to the tweet, Amazon will provide $5 to everyone who registers for a free Audible trial.

Every signup will also burn about 500k SHIB tokens. Visitors who are eager must, however, click Johnson’s referral link. Johnson is a major contributor to SHIB burns and a maker of mobile games.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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