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There's a big update about the K9 Project involving SHIB tokens. The K9 Finance DAO wants to burn 410 million KNINE tokens to honor Vitalik Buterin, who burned a lot of SHIB tokens last year. They're doing this to reduce the supply of KNINE tokens.

Vitalik Buterin, one of Ethereum's founders, burned a huge amount of SHIB tokens in May 2021 to help decrease its supply. Now, the K9 Finance team wants to do something similar with KNINE tokens.

They're planning to take 410 million KNINE tokens from their marketing funds and burn them. K9 community members can vote "Yes" or "No" on this proposal.

So far, most community members are in favor of burning the tokens. About 77.32% of the votes support burning 410 million KNINE tokens, while 22.68% are against it. The voting will end on May 18, 2024.

It's important to note that the 410 million tokens they want to burn are just a small part of the total supply. Out of the 1 trillion tokens available, only 112.49 billion KNINE tokens are currently in circulation.#Memecoins #ETHETFS