𝐓𝐡𝐞 𝐓𝐫𝐮𝐭𝐡 𝐖𝐡𝐲 $𝐒𝐇𝐈𝐁 𝐂𝐚𝐧'𝐭 𝐇𝐢𝐭 $𝟎.𝟎𝟏 & 𝐍𝐨 𝐨𝐧𝐞 𝐈𝐬 𝐓𝐞𝐥𝐥𝐢𝐧𝐠 𝐘𝐨𝐮
🎉 Attention all #SHIBA enthusiasts! Let's dive into the details of the coin distribution to gain a clearer perspective.
✅ There are currently 1000 trillion SHIB(A Inu) coins in circulation. Initially, 500 trillion were allocated to the founder of ETH, who subsequently burned 90% of them and distributed the remaining 10%. This leaves approximately 500 trillion SHIB coins in existence. However, this number poses a significant challenge if we aim to reach a value of 0.01 per coin.
💰 It's important to note that the developers do not possess the majority of the remaining coins, making it impossible to implement large-scale burn initiatives. While they have burned a small fraction (approximately 25,000), it's negligible compared to the vast number of coins in circulation.
💰 In order to potentially decrease the total number of coins and increase their value, individuals may consider strategies such as holding onto their coins (HODLing), participating in staking, or exploring other avenues. However, achieving a significant reduction in the total number of coins, perhaps to 50 trillion or lower, is not a straightforward task.
🔥 Suggestions to burn coins, while well-intentioned, may not be feasible without clear mechanisms in place. Moreover, implementing burning strategies requires careful consideration of the impact on users and the overall ecosystem. Perhaps a combination of burning a percentage of coins, burning staking profits, and implementing transaction-based burns could be explored in the future.
💡 In conclusion, while reducing the total number of coins may be desirable for increasing value, it's essential to approach this goal thoughtfully and consider the broader implications for the #SHIBA🔥 community and ecosystem.
