SHIB Token Burn Intensifies, Bigger Entertainment Introduces App that Burns SHIB with Calories

Steven Cooper, the owner of Bigger Entertainment, who is an avid Shiba Inu supporter, has announced that his company will burn $100,000 or 2.95 billion SHIB tokens.

Since Buterin burnt 410.24 trillion Shiba Inu (SHIB) tokens, introducing the network to the deflationary mechanism, there have been over 1,000 independent burns.

In Q4, Bigger Entertainment, the music publishing group associated with the first crypto-based record label, became a significant part of the SHIB Burn Story.

Sponsored

Steven Cooper, the owner of Bigger Entertainment, who is also an avid Shiba Inu supporter, announced that his company will burn $100,000, or approximately 2.95 billion SHIB tokens. The burn will happen while the company builds the ultimate crypto music game, ‘MixDraft.’

Bigger Entertainment intends to raise the necessary money to develop the game by selling $6 postcards; $ 1 from every postcard will be used to burn SHIB. Cooper tweeted;

The company recently outlined its roadmap for burning Shiba Inu in 2022, after burning 176 million SHIB tokens at their December 26th Christmas party.

Shiba Inu to Have App That Burns SHIB Alongside Calories

Alongside the burning of 2.95 billion SHIB, Steven Cooper announced that his company plans to launch a Fitness App for Shiba Inu. According to Cooper, the app will burn SHIB tokens as users burn calories.

The idea for the app was first suggested by ‘Ask the Doctor,‘ a Canadian healthcare provider, however, Cooper recently announced that Big Entertainment would be developing it instead.

On The Flipside

Why You Should Care

The deflationary mechanism adopted by Shiba Inu will reduce the amount of SHIB in circulation. Shiba Inu hopes to see the price of SHIB increase as its scarcity rises. 

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia