In late April, the Shiba Inu burn portal was created in collaboration with the creators of RYOSHIS VISION, an ERC20 token attempting to expand the Shiba Ecosystem. The Shiba Inu team explains its essence: the burn portal was built to reward SHIB burners with a passive income acknowledgment in the form of RYOSHI Rewards. In addition, 0.49% of all RYOSHI transactions will be distributed to owners of burntSHIB.
It also launched a Shiba Burn Smart Contract that projects could use to create a"BURN Pool" and to offer rewards for burning SHIB tokens., a staggering eight billion tokens were torched within 24 hours after the SHIB burn portal launched as SHIB owners flocked to burn their tokens in large numbers. More SHIB tokens have been burned now that it has been almost two months since the initial burn.
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