Shibarium team starting this month Shiba Inu While it is preparing to automate burning processes, it is claimed that the burning portal can burn 9.25 trillion tokens in January 2024.
Shiba Inu developers, starting this month Shibarium Since announcing plans to automate assisted cremations, community members have been wondering about the number of SHIBs that will be cremated monthly through the portal.
While some people in the community believe that the layer-2 blockchain can burn trillions of SHIB per month, some people believe that even billions cannot be exceeded. A community member known by the nickname Queenie shared that he expects 111 trillion tokens to be burned in 2022.
According to this estimate, the Shibarium burning portal can burn 9.25 trillion SHIB tokens per month. However, the Shiba Inu team has not yet confirmed this claim or announced the number of tokens that will be burned each month.
The Shibarium document states that 70% of the network’s Base fee will be used to purchase and burn SHIB. However, the burn will occur once the burn contract reaches the $25,000 threshold.
For context, the Shibarium team launched four manual burns last month, burning a total of 33.8 billion SHIB. With one SHIB changing hands at $0.00000982, 33.8 billion tokens are worth $331,916.