DailyCoin
Published Dec 31, 2021 10:44AM ET
Updated Dec 31, 2021 11:00AM ET
SHIB Token Burn Intensifies, Bigger Entertainment Introduces App that Burns SHIB with Calories
Since Buterin burnt 410.24 trillion Shiba Inu (SHIB) tokens, introducing the network to the deflationary mechanism, there have been over 1,000 independent burns.
In Q4, Bigger Entertainment, the music publishing group associated with the first crypto-based record label, became a significant part of the SHIB Burn Story.
Steven Cooper, the owner of Bigger Entertainment, who is also an avid Shiba Inu supporter, announced that his company will burn $100,000, or approximately 2.95 billion SHIB tokens. The burn will happen while the company builds the ultimate crypto music game, ‘MixDraft.’
Bigger Entertainment intends to raise the necessary money to develop the game by selling $6 postcards; $ 1 from every postcard will be used to burn SHIB. Cooper tweeted;
Together, we’re going to burn $100,000 in #shib while simultaneously building the ultimate crypto music game. We know this campaign isn’t for everyone, but for the community that trusts & believes in what we’re building, this is for you! Learn more at https://t.co/X4gsvL0ww4— Steven Cooper (@iamstevencooper) December 30, 2021
The company recently outlined its roadmap for burning Shiba Inu in 2022, after burning 176 million SHIB tokens at their December 26th Christmas party.
Shiba Inu to Have App That Burns SHIB Alongside Calories
Alongside the burning of 2.95 billion SHIB, Steven Cooper announced that his company plans to launch a Fitness App for Shiba Inu. According to Cooper, the app will burn SHIB tokens as users burn calories.
The idea for the app was first suggested by ‘Ask the Doctor,‘ a Canadian healthcare provider, however, Cooper recently announced that Big Entertainment would be developing it instead.
On The Flipside
Why You Should Care
The deflationary mechanism adopted by Shiba Inu will reduce the amount of SHIB in circulation. Shiba Inu hopes to see the price of SHIB increase as its scarcity rises.
EMAIL NEWSLETTER
Join to get the flipside of crypto
Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.
[contact-form-7] You can always unsubscribe with just 1 click.
Continue reading on DailyCoin
Written By: DailyCoin
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.