Shiba Inu Coin(SHIB) continue to lose ground, after Vitaly Buterin and his team delay “The BIG Burn”. Major investors start selling large amounts of coins and leaving the project, after see gimmicks with NowPayments.io to facilitate the burn of a percentage of tokens in each transaction. Through this move, a percentage of Shiba Inu ecosystem tokens will be burned through every transaction, beginning with SHIB.
But, where is “The BIG Burn”?
Shiba Inu investor community wait for manual burn of 100 Trillion SHIB’s to reduce massive 395 Trillion SHIB’s circulating supply. Why not, before Vitaly Buterin burn 410 trillions!
O.K., let’s take a deep dive into Shiba Inu Coin history
The Vitalik Buterin website https://www.shibatoken.com/, claim:
“From its inception, Shiba Inu has done things differently. Starting with a supply of 1 quadrillion, our founder, Ryoshi, locked 50% in Uniswap, then “burned” the other half to Ethereum co-founder Vitalik Buterin for safekeeping.”
Ok, let see what Wikipedia said:
Shiba Token is a decentralized cryptocurrency created in August 2020. If, we look the image bellow, the time of inception in Binance, Shiba Inu Coin market capitalization is $0.00. That’s mean, Vitaly Buterkin 410trillion burn cost $0.00.
So, let make simple calculation, how much will cost “The BIG Burn” today:
100trillion SHIB’s x $0.000028 = $2,800,000,000 billion dollars.
It’s easy to burn $0.00 and hard to burn $2.8 billion dollars.
Robinhood dilemma
Robinhood is “no commissions and fee” platform with more than 13 million users with an average age of 31, it is clear that Robinhood has positioned itself to be ideal for younger investors. Robinhood provide only Bitcoin, Ethereum, Dogecoin, Litecoin, Ethereum Classic, Bitcoin Cash, and Bitcoin SV for trade, known as “CRYPTOCURRENCY MAJOR LEAGUE”. Hundreds of thousands Shiba Inu fans sign petition, kindly request of Robinhood to list Shiba Inu coin.
As part of its growing digital currency implementation, the platform will presumably look to list additional cryptocurrencies alongside the seven it currently supports. Shiba Inu coin (SHIB) could list on Robinhood platform, but only with a plans for constant token burns. Gimmicks with NowPayments.io to facilitate the burn of a percentage of tokens in each transaction is not moving towards to a greater level of crypto integration, indicating that there could not an interest in listing the popular meme coin.
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