Rewards from the Shiba Inu burn portal will begin later in May, the team revealed.
The team behind the popular meme coin Shiba Inu (SHIB) has revealed the dates for the rewards from the recently-launched burn portal.
- Cryptolifedigital brought earlier in April that the Shiba Inu has introduced a burning portal permitting holders to permanently destroy their tokens.
- This would reduce the circulating supply while also enabling users to receive passive income. For this to happen, those who decide to burn their tokens would receive a token called burntSHIB.
- Owners of burntSHIB would receive rewards in RYOSHI tokens, and 0.49% of all RYOSHI transactions would be distributed to the owners of burntSHIB.
- Now, the team has revealed the exact dates when said rewards will be available.
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 ShibArmy’s feedback.