🔴 $SHIB Community Has Officially Asked Binance To Burn 🔴
The Shiba Inu community is intensifying efforts to have Binance burn SHIB tokens using a portion of the token’s trading fees. Community member Labib launched a petition on Change.org, asking Binance to implement a daily burn of 1% of all Shiba Inu trading fees. Labib believes this move is necessary for the long-term success and sustainability of Shiba Inu, as it would reduce the massive amount of SHIB in circulation, potentially increasing scarcity and the token’s price.
As of July 18, the petition has attracted 111 signatures out of the initial target of 200. Currently, it boasts 142 signatures, with 58 more needed to reach the initial target. The ultimate goal is to hit 50,000 signatures. The creator of the petition believes the community can achieve this target by sharing it widely within the Shiba Inu ecosystem.
This initiative highlights the community’s belief in the potential and unique tokenomics of SHIB, recognizing burning as a crucial way to strengthen the token’s value proposition.
