Lucie, Shiba Inu’s advertising lead, introduced in a social media publish a possible alternative for members of the group to earn on their holdings. The advertising lead introduced on X (previously Twitter), the distribution of two LEASH and 85,000,000 SHIB tokens for individuals on ShibaPunkz.artwork.
As per Lucie’s tweet, the tokens are to be distributed over the following 4 months, the primary of its sort for the Shiba Inu staking app.
Tens of millions Of Shiba Inu Up For Group Contributors
The Shiba Inu group is rising day-after-day. In consequence, staff members sporadically provide you with juicy rewards that can inspire the group to indicate their assist for Shiba Inu in new methods and drive extra mainstream curiosity within the ecosystem.
The newest growth got here relating to ShibaPunkz.artwork, Shiba Inu’s staking DApp. Launched in 2023, ShibaPunkz.artwork is Shiba Inu’s app the place customers can stake NFTs from a ten,000 assortment of Shiba Inu-themed NFTs. These NFTs are minted on Shibarium, Shiba Inu’s layer-2 platform.
Initially, NFT holders who staked their NFTs earned SPUNK tokens, the DApp’s SRC-20 token, as rewards relying on how lengthy they stored their ShibaPunkz NFTs staked. Nevertheless, in response to Lucie, the staking DApp has gone by way of an enormous replace and individuals can now earn from 85 million SHIB tokens and a pair of LEASH as staking rewards.
WAY TO EARN SOME $LEASH OR $SHIB
if you’re #ShibapunkzSTAKING DAPP HAS BEEN UPDATED https://t.co/MZX96866xz
WILL BE DISTRIBUTED IN THE NEXT 4 MONTHS! pic.twitter.com/mMSHS0I2xC
— 𝐋𝐔𝐂𝐈𝐄 | Shibarium ⛓️ (@LucieSHIB) January 5, 2024
This thrilling new rewards program has been met with open palms from group members, contemplating SHIB and LEASH are extra established tokens within the ecosystem.
SHIB market cap at the moment at $5.5 billion. Chart: TradingView.com
Potential Surge In SHIB Burn
In line with information from the burn tracking website Shibburn, over 76 billion SHIB tokens had been despatched to useless wallets in 2023. Probably the most burn exercise got here in December after the Shibarium layer-2 community gained the potential to take part in token burns.
SHIB burns in December reached over 35 billion SHIB, with the Shiba Inu team burning 8 billion tokens 4 completely different occasions within the month. Regardless of the large burn quantity, the yearly burn price dropped 8.33% in 2023, as 2022 noticed the destruction of greater than 83 billion SHIB tokens.
SHIB burns are supposed to scale back the quantity of SHIB in circulation, thereby artificially increasing the worth of tokens left in circulation. Nevertheless, some members of the group have voiced dissatisfaction concerning the burn price failing to place a dent within the trillions of SHIB tokens nonetheless in circulation.
The quantity of SHIB burned is anticipated to extend in 2024, with a member of the Shiba Inu growth staff lately teasing a burn of 9.25 trillion SHIB tokens this month.
#SHIBARIUM staff member Ragnar tweets that 9.25 trillion $SHIB will be burned this month 🔥🔥 pic.twitter.com/guwhXQwM9Y
— $SHIB BPP (@ShibBPP) January 6, 2024
Featured picture from Pixabay
