- 23.9 billion Shiba Inu tokens have been destroyed, according to the ShibaBurn contract.
- RYOSHI rewards will be available on May 17 and continue every two weeks.
- Analysts predict an explosive move in SHIB price, as the meme coin eyes a $0.00004 target.
Shiba Inu developers have announced the reward schedule for the meme coin. The first round of rewards will be distributed on May 17, 2022.
Shiba Inu price prepares for explosive breakout
Shiba Inu’s burn portal was launched recently to promote the reduction in the token’s circulating supply.
BurntSHIB can be exchanged for RYOSHI, the native token of Ryoshi’s Vision. RYOSHI is an ERC20 token on the Ethereum blockchain; holders of burntSHIB are entitled to 0.49% of all transactions that involve RYOSHI tokens.
In a recent update, the team behind Shiba Inu announced the distribution of rewards. The first batch of rewards will be distributed on May 17, 2022. Every two weeks, RYOSHI rewards will be credited to investors’ wallets.
Burn Portal Update
Here's a quick update in regards to the Reward Cycle. Rewards will be available on May 17th, and continue every two weeks.
We're excited to see the amount of use the portal has brought for the community and building based on the #ShibArmy's feedback.
— Shib (@Shibtoken) May 3, 2022