Shiba Inu lead Shytoshi Kusama has argued that burning 99% of SHIB’s circulating supply is possible but noted there are more important price catalysts.
Kusama has again addressed a pressing issue in the Shiba Inu community regarding token burns. The pseudonymous lead responded to an enthusiast who asked about the timeline or roadmap to burning 99% of the Shiba Inu token.
In response, Kusama indicated that incinerating 99% of circulating Shiba Inu was now possible. He noted that the concept would have been insurmountable a few years ago, but “with many projects banding together” on the ecosystem, the milestone has become attainable.
However, the lead placed a clause on the ambitious burn milestone. He noted that a burn rate that significant would only happen if more projects or a few mega ones adopted the Shiba Inu ecosystem tech stack.
#shiba⚡ #CryptoNews🚀🔥V