Wolf AI, a video creation firm that uses artificial intelligence, has stated in a tweet that it will burn of trillions of Shiba Inu (SHIB) tokens yearly. The team will burn 2% of every transaction made in the project’s native token, $WOLF, and use 15% of their revenue to burn SHIB tokens. The project’s presale is launching today, as per the tweet.
Wolf AI is a company that offers AI-generated video creation services to businesses. They recently announced their intention to burn trillions of Shiba Inu (SHIB) tokens annually. The team plans to burn 2% of fees on every transaction made in their native token, $WOLF, and use 15% of their revenue to burn SHIB tokens.
The SHIB community is excited about this news, as burning SHIB’s supply is seen as a way to increase its price. Other companies have also pledged to support SHIB and participate in burns. However, due to the large circulating supply, it remains to be seen how much of an impact these burns will have on the token’s price.
Shibarium’s Magic Is Driving Massive Support for Shiba Inu’s BONE in India
A Twitter poll conducted by an Indian crypto exchange has received massive support for Shiba Inu’s BONE token.
The poll offered three options, namely BONE, FLOKI, and PEPE, and asked followers to vote for the token they wanted to see listed next. With over 10,710 votes cast, 84.1% of voters chose BONE, which translates to over 8,000 people. In contrast, PEPE received only 7.3% of the votes, FLOKI received 6.2%, while 2.3% of the participants voted for “Others.” The poll is still open for four more hours.
The recent massive support for Shiba Inu’s BONE token in India may be linked to the upcoming launch of Shibarium. An Indian crypto exchange ran a Twitter poll to determine which token their followers would like to see listed next, and BONE received an overwhelming 84.1% of the votes.
BONE is expected to be the governance token for the upcoming layer-2 network, which is generating significant hype. At present, SHIB is trading at $0.00000874, down by 0.5% over the last 24 hours. Meanwhile, BONE is trading at $0.813766, up by 2% over the same period.