shiba inu team has released an update on the SHIB incineration portal powered by Ryoshi Vision.
In the shared blog post, it was stated that the team is aware that the SHIB community is angry about the delays in sending the burn rewards. In addition, it was underlined that the rewards of those who burn their tokens are distributed very slowly. The team said that “the flow of rewards has been underperforming.”
Shiba Inu Developer Team Calls on Ryoshi Vision Team
The SHIB team urged Ryoshi Vision to “ensure better communication and transparency.”
Ryoshi Vision, an ERC20 token, is named after the Shiba Inu project’s maker of the same name. This cryptocurrency It is worth noting that it is not part of the Shiba Inu ecosystem.
The SHIB burn portal is designed to reward users who choose to permanently remove SHIB tokens from circulation with passive income in the form of RYOSHI tokens. About 0.5 percent of all transactions need to be distributed to users burning SHIB.
Tens of billions of SHIB tokens have been burned since the community-supported portal launched in April. However, the portal is dealing with delays.
Ryoshi Vision addressed the situation in a recent Twitter thread, apologizing for the “inconvenience and disappointment”. The project claims to offer a more detailed explanation in the future.
However, many users did not believe this explanation and accused the team of dragging their feet in paying the promised rewards. “The Yakim portal is a complete scam,” one SHIB fan tweeted.
The Shiba Inu community has been trying to burn SHIB tokens for a long time.
*Not investment advice.