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Shiba Inu is having its worth month on record for burning SHIB.
Just 275 million Shiba Inu has been destroyed this November 2022. If Shiba Inu followers can't burn more than 882 million SHIB this will be the worst month since July 2021.
At such a slow burn rate the chances of burning Shiba Inu until SHIB is worth even $0.01 is over 50,000 years away – according to Shiba Burn Tracker. That's because there are currently 590 trillion Shiba Inu tokens in circulation.
With no new plans to ramp up the SHIB burn rate, other projects like EverGrow are taking over.
EverGrow just deployed a revolutionary new revenue stream for burning EGC tokens, and in just a week has already burned 2,400 times more supply than Shiba Inu this whole month.
Here's what you need to know.
Read more about EverGrow here: https://evergrowegc.com/
EverGrow is known for its high transaction tax. You pay 14% of every buy or sell back to the EverGrow community for a mixture of burning tokens, paying BUSD passive income to investors, funding liquidity and developing the ecosystem.
Just 2% of every transaction is set aside for burning EverGrow – but this burned 2.5% of the initial EverGrow supply in the past 12 months.
Meanwhile Shiba Inu has burned just 0.01% of the initial SHIB supply in the past 12 months.
That impressive EverGrow burn rate has just been significantly ramped up. Both Shiba Inu and EverGrow have an initial supply of 1 quadrillion. But while Shiba Inu has taken half of November to burn 275 million tokens, EverGrow has burned 670 billion in the past week alone.
That's 2,400 times more tokens burned in half the time.
Read more about EverGrow here: https://evergrowegc.com/
How does EverGrow do it?
With a further 2% of each transaction funding ecosystem development, EverGrow has made great use of this to launch an NFT marketplace called LunaSky. But there's a twist. LunaSky sends 100% of its revenue to buying back and burning EverGrow.
More than $250,000 was collected in the first few weeks of LunaSky going live back in September.
Those funds have only just been deployed. Every hour, EverGrow has automated a feature that burns $500 worth of EGC. By the end of the month it's estimated that 3 trillion EverGrow tokens could be removed from supply.
The EverGrow supply is currently 467 trillion tokens. So if EverGrow can consistently burn 3 trillion tokens every month here on out it could destroy enough supply to get a price of $0.01 in the next 20 years.
That's an increase of 11,111,000%.
The EverGrow burn rate will get a further boost in 2023 as EverGrow drops a crypto-integrated social media app (Crator), a wallet, a swap and partners with The Abstract to create a play-to-earn metaverse gaming experience.
Once investors learn of the EverGrow roadmap, it won't take long for EverGrow to pump in price and become a top 50 project. It has just a $40 million market cap today – so don't miss out!
Read more about EverGrow here: https://evergrowegc.com/
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