🚨Shiba Inu Army Rallies to Convince Binance for Daily 1% SHIB Token Burn🔥🚨
On July 17, 2024, a notable Shiba Inu community member, Labib, launched a Change.org petition urging Binance to support a daily burn of 1% of all SHIB transaction tokens.
Token burning is a strategic approach to decrease the number of tokens in circulation, thereby creating scarcity that could potentially lead to an increase in value. According to the Shiba Inu community, burning 1% of daily SHIB transactions aligns with their long-term strategy for value enhancement. Such mechanisms have proven effective in various projects, reinforcing the tokenomics by reducing supply and boosting demand.
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