The Shiba Inu team announced the introduction of the new SHIB Burn Visa card on July 25th. This card burns SHIB during payment.
The announcement was made through the Shiba Inu Burn Tracker Twitter account @shibburn. In the 3-second announcement video, only the orange Visa card with SB initials was shown and the slogan was “Make Payments, Burn SHIB”.
Shivburn is moving in a new direction. #shib #shibarium pic.twitter.com/IzcQMtvs6P
— Shibburn (@shibburn) July 24, 2022
SHIB Burn
April 2022, Shiba Inu and Ryoshi Vision collaboration Create a Shiba Inu Burn Portal. The portal is intended to motivate SHIB holders to burn tokens. The burner is to win RYOSHI tokens and 0.49% of all transactions.
However, the distribution of rewards is very slow. SHIB holders have burned about $ 110 million worth of SHIB in 24 hours, but they are beginning to rush to reward RYOSHI.
Frustration is also noticed by the Shiba Inu team.team Post Said on Shiba’s official blog:
“What is clear is that we continue to fail to provide such workflows based exactly on the platform’s promises. Reward liquidity is inadequate.”
The turf team also added that they contacted Ryoshi Vision about the delay.
“The form of trust in our community is paramount to the team.”
However, the reward distribution process has not changed. The new SHIB visa aims to improve the burning process without being tied to the Ryoshi team.
The future of Shiba Inu
According to a recent survey by Finders.com, 73% of participants are seeing the end of the Shiba Inu by 2030, and 30% believe the coin will not be completed by the end of the year. Well-known names claim that the current bear market will remove “joke-type” coins and open up room for “true innovation.”
In response, the Shiba Inu has made a serious difference to itself. In addition to the new burning mechanism, the latest changes include turf metaverse and stablecoin.
Dog metaverse
The turf team announced the next turf metverse in February 2022. They say they are monitoring the growth of the Metaverse and believe in its future.
The team said it was exploring ideas, including establishing partnerships with Metaverse giants like Sandbox and Decentraland. However, there is no doubt that the turf metaverse will become a dog-themed reality with available land and turf NFTs.
SHI stablecoin
SHIBA Stablecoin was announced on May 12, 2022 without specifying the release date.But the team said that SHIB’s ultimate goal is “A globally stable currency that spans all countries.”
According to the team, SHIB will eventually have a stable price and can be used as both a value storage and payment method.
