What does it mean to burn 10% of the Shiborg Inu Tokens on the 14th November?
The burning of $SHIBORG tokens involves the permanent removal of existing $SHIBORG coins from circulation. The practice of burning is quite common in the industry and is a very simple but effective process. Token burning is a deliberate action taken by the Shiborg Inu team in order to remove a whopping 10% of the overall token supply from circulation. There are several reasons why tokens are burned but they have chosen to do this to create a positive deflationary reaction. As the number of tokens decreases, scarcity of $SHIBORG increases significantly. Given that 10% of the tokens will be completely removed from the Shiborg Inu ecosystem and destroyed ensures a deflationary economy and raises the price of Shiborg Inu Tokens which is great news for every single holder. Simply put.. this is HUGE for new and existing holders and one to be very excited about!
Momentum as we’ve never seen it!
Look how far they have come in 1 week since launching! This has been a very big week for the team and the community as they continue to make progress day by day going from strength to strength. I feel they may need to adjust their Roadmap as they tick things off quicker then we could have imagined. Let’s take a quick look at what they have achieved before we discuss their exciting new ecosystem developments just around the corner.
WEEK 1 ACHIEVEMENTS
● 25k Holders gained in just 1 week
● 76 Million MarketCap reached which is phenominal
Marketing and Ecosystem Update
To keep momentum moving the team have not rested on their laurels by any means. Almost every day there were posts on Reddit, tweets on Twitter, positive messages on Telegram, alongside the absolutely sterling work from the mighty Shiborg Army who have proven themselves to be a powerful driving force behind the success of Shiborg Inu.
What can we expect to see in Q4?
● Massive 10% Token Burn
● Shiborg Swap is launching this month
● Minigames platform (Earn more tokens)
● NFT Launch
● Listed on at least 1 CEX this month
● Influencers and YouTubers have been on-boarded
Tell me about the upcoming Shiborg Inu Swap?
Shiborg Inu Swap is a fully decentralized protocol for automated liquidity provision on Binance Smart Chain. That means that while you can trade digital assets on the platform, there isn’t an order book where you’re matched with someone else. Instead, you trade against a liquidity pool. Simply put, it is a decentralized exchange to allow you to trade tokens without a centralized intermediary. Shiborg Inu Swap is a user-friendly platform that will allow users to securely swap coins and tokens at the best rates in the fastest way possible as it is also designed to integrate into the world’s top cryptocurrency exchanges. This will allow you to search and accurately select the best rates for the transaction.
● Quickly swap into an asset you believe will grow
● Convert out of a volatile asset into a stable-coin
● Hedge against real-world events
● Ease of use
Delivering on Promises
With future rapid growth in mind the team are clearly covering all areas as promised and exceeding everyone’s expectations. The team are very well known in this space and I believe this project will be one of the very few that will pass the test of time. They say when you have transparency it reduces the need for trust, but I can assure you, you’ll find both here regardless as they show definite signs of long term commitment to this project. Stay around for journey as it’s set to be a very exciting Q4 for Shiborg Inu.