Shiba Inu (SHIB) Introduces 5% Burn Tax

✍️ 27 December, 2023 - 16:06 👤 Editor: Jakub Motyka

In the heat of the Terra Luna Classic (LUNC) burn, Shiba Inu (SHIB) speaks about launching a 5% tax burn.
This 5% Shiba Inu (SHIB) tax burn is related to one of their next big releases.

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The developers of Shiba Inu (SHIB) have revealed important news about the burning of tokens. Specifically, they have talked about what will happen with the global launch of Shiba Eternity, their P2E card game that reached users in Australia a few days ago.

Shytoshi Kusama, one of the main developers of Shiba Inu, has shared on the official SHIB Discord channel new information about how the burning of Shiba Inu (SHIB) will benefit from a 5% tax on the winnings generated with the Shiba Eternity game.

A 5% Tax On Shiba Eternity Earnings For The Burning Of Shiba Inu (SHIB)

Kusama has started his message inviting users to download Shiba Eternity as soon as it is available in their respective countries, as he assures that this will help the game climb the rankings in the mobile app stores and thus become more known.

But the bombshell has come at the moment when it has been revealed that Shiba Inu wants to burn 5% of all the profits generated by the Shiba Eternity game. Although he does not specify it in his message, everything indicates that he is referring to a burning of SHIB, the native cryptocurrency of the project.

Torneos en Shiba Eternity — A screenshot of the game Shiba Eternity.

This news comes shortly after Shiba Inu (SHIB) revealed that he had great news related to burning tokens. Let's remember, on the other hand, that the Shiba developer team is currently also working on its Shibarium layer 2 project and its metaverse.

Shiba Inu (SHIB) Price Responds Positively To The News

Although it is only a rise of 5.92% in the last 24 hours, the price of Shiba Inu (SHIB) has reacted positively to the news of the 5% burn tax on Shiba Eternity's profits. At the time of writing this news, the price of the SHIB crypto is $0.00001113.

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Juan Pais

E-mail: juan@criptokio.com

ES: Por mi trabajo de redactor siempre he escrito para otros temas pero la verdad es que a día de hoy lo que más me apasiona es el tema de las criptos. Tengo conocimientos tanto en criptomonedas y wallets como de airdrops y exchanges.

Poseo wallet en Coinbase y Trust Wallet, y cuentas en una variada cantidad de exchanges como Satoshi Tango, Binance, Crypto, Ripio, entre otras.

EN: EN: Because of my work as an editor I have always written for other topics but the truth is that today what I am most passionate about is the topic of cryptos. I have knowledge in both cryptocurrencies and wallets as well as airdrops and exchanges.

I have a wallet in Coinbase and Trust Wallet, and accounts in a variety of exchanges such as Satoshi Tango, Binance, Crypto, Ripio, among others.