Popular marketing influencer Shiba Inu, Lucy has introduced a new token burning structure designed to improve the value of the ecosystem. This innovative burning plan will involve the use of funds from the next Sheboshi Non-Fungible Token (nft) drops to burn four of the flagship Shiba Inu tokens, along with two highly anticipated upcoming tokens.
Shiba Inu's Extensive Token Burning Strategy Revealed
In a recent post on X (formerly Twitter), Lucie revealed a comprehensive plan, outlining Shiba Inu's intentions to dedicate a significant portion of the revenue generated by its new nft project, Sheboshi, to carry out a major burning of chips.
Sheboshis represent a unique collection of NFTs, combining the traits of the successful ERC-20 and ERC-721 protocols on the ethereum network. These NFTs They are counterparts to the original Shiboshi nft collection, which included 10,000 exclusive Shiba Inu NFTs released on October 14, 2021.
According to Lucie, the main goal is to claim Sheboshi NFTs to increase participation and strengthen the community. Although the marketing influencer has stated that the goal is not to make financial profits, she has also acknowledged the possibility of NFTs being sold.
Influencer Shiba Inu announced plans to allocate 10% of nft funds to token burning. Specifically, Shiba Inu will allocate 6% of profits to burning the main native Shiba Inu token, SHIB.
Additionally, 1% of the funds will be dedicated to burning Shibaswap (bone) tokens, followed by another 1% allocated to incinerate Doge Killer (LEASH) tokens. An additional 1% each will go towards burning the upcoming Shiba Inu, TREAT and SHI tokens.
Shiba Inu gives back to the public
In an effort to empower the nft community and cryptocurrency ecosystem, Lucie has revealed plans to distribute 40% of Sheboshi nft profits to the general public.
Marketing influencer Shiba Inu unveiled a strategic initiative, allocating 10% of nft revenue to support businesses and nonprofits. The distribution plan involves dividing the funds between four different entities. Specifically, 2% would be contributed to Women in blockchain2% to the Manny Pacquiao Foundation3% to initiatives in Japan and 3% of the funds to be determined by Shibdentity Enabled DAO.
Additionally, Lucie revealed that 15% of the profits would be invested into the “foundation,” with details to be revealed at the launch of Shibdentity-enabled DAO. Additionally, marketing influencer Shiba Inu emphasized that the SHIB team will also receive 15% of direct nft funds.
As for the remaining 50% of the total nft funds, Lucie has stated that it would be allocated to cover the expenses and treasury of the ecosystem, actively supporting ongoing initiatives and developments within the ecosystem.
SHIB price at $0.0000098 | Source: SHIBUSD on Tradingview.com
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