Shiba Inu (SHIB) friendly hamburger chain Welly has announced that 15% of the company’s shares will be transferred to the SHIB community.
Shiba Inu Community Income From Company Shares Will Be Transferred To A Wallet
According to the statement made by the company, the Shiba Inu community will share a portion of the profits from all the activities the company carries out.
The community will decide whether the obtained tokens are burned or used for other purposes.
SHIB community members and SHIB owners will manage the revenues donated by Welly to the SHIB community through an organization called BONE DAO.
#WellyFriends #SHIBARMY
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We’re honored to grant @Shibtoken decentralized community FULL 15% ownership of the Welly Company! On our road to acquisition, this is an amazing way to give back to the community which loves us so much.— WELLY (@wellyfriends) April 29, 2022
Welly recently launched an effort to reduce the circulating amount of the Shiba Inu token. cryptocurrency agreed with the payment company NOWPayments.
The company announced that the tokens it will obtain thanks to the 15% stake of the SHIB community will be transferred to the Shiba Welly Wallet and will include the revenues from all the activities of the company.
In addition, the company said that the values given are different from the 10% income and 2% burn value given to investors who own the Welly NFT series.
Although the SHIB token, which has attracted attention with its low performance recently, experienced a temporary recovery after the news of Elon Musk’s acquisition of Twitter, it erased all of its gains with the decline of the crypto money market.
Even if for a short time Dogecoin At the time of writing, SHIB is the world’s 15th largest cryptocurrency with a market value of approximately $12 billion.
*Not investment advice.