What is the Shiba Inu burn portal?

The Shiba Inu burn portal is now live, offering the ShibArmy a more central area to burn SHIB. First teased in the February Shiba Inu AMA, the SHIB team, in partnership with third-party token Ryoshi's Vision, created the portal to remove SHIB from the circulating supply of 549 trillion.

What is shibburn and how does it work?

On April 23, 2022, the developers of Shiba Inu token launched a new coin burning mechanism to let burners generate a passive revenue stream. The burning portal - ShibBurn - rewards users with a different token in return for burning SHIB coins. Within five days of its launch, 20 billion Shiba Inu were burnt on the portal by holders.

Is the Shiba Inu community 'the Shib Army'?

“TThe Shiba Inu Community or as commonly known and nicknamed ‘The Shib Army,’ has been quite vocal and providing ongoing feedback that would relate to creating a systematic method in which scarcity can increase while pushing the potential to grow the community’s wealth in their investment,” the official ShibBurn website reads.

How many Shiba Inu tokens have been burnt?

According to the Shiba Inu burn tracker Trackshiba, 410.34 billion SHIB tokens have been burnt out of the maximum supply of 1 quadrillion, leaving only 59 percent of the tokens in circulation. About 523.98 million tokens have been burnt in the last 24 hours alone.