Analyzing the Cryptocurrency Conflagration: Floki Inu and Shiba Inu’s Monthly Token Burns
Hello! Here is an analysis of the current monthly coin burn rates for Floki Inu and Shiba Inu:
Floki Inu (FLOKI):
Floki Inu has a burn rate of 1% per transaction.
A total of 5,776,634,380,593.47 FLOKI tokens have been burned to date, which is about 57.76% of the supply of the meme-inspired cryptocurrency.
A recent change has reduced the transaction tax to 0.3%, and a proposal has been accepted to permanently burn over 4.2 trillion tokens.
Shiba Inu (SHIB):
The SHIB community achieves a burn rate of just over 21 burns per day, which corresponds to over a quarter of a million tokens daily.
Since the introduction of Shiba Inu in 2020, more than 410 trillion SHIB tokens have been burned, which is about 41% of the total token supply.
Please note that these figures are based on the latest available data and may change as burn rates depend on activities within the networks.
