Wolf AI, a new artificial intelligence-based video editing platform, has confirmed the burning of Shiba Inu tokens. The company has made a colossal statement stating that they intend to burn trillions of SHIB tokens annually.
According to a company tweet, Wolf AI will burn 2% of the cost of each WOLF transaction. The team also said they would burn Shiba Inu coins for their 15% revenue-related expenditure.
SHIB BPP, an influencer, provided additional information about the burn mechanism as Wolf AI outlined its plans to burn SHIB tokens.
Related Reading: Burn Rate of Shiba Inu Skyrockets by 8000%; Over 3 Billion Tokens Destroyed in a Week
Why Wolf AI Wants to Help in Burning Shiba Inu Tokens
Wolf AI acknowledged that they want to support Shiba Inu because the burns have greatly lessened over the past few months. Wolf AI claimed that as a new player in the crypto market, it hopes to win the community’s trust by offering assistance in burning SHIB tokens and inspiring investors. The objective is to demonstrate that Wolf AI is a reliable and credible project.
Wolf AI said they are independent when asked if they are connected to the Shiba Inu ecosystem. “Wolf AI does not have any connection with the Shiba Inu ecosystem. The decision to burn SHIB tokens is solely based on the desire to gain the trust of the crypto community,” they claimed.
Numerous third-party programs had made promises earlier but had little to no luck following through. Nevertheless, let’s keep our fingers crossed and see how the Wolf AI will burn trillions of SHIB tokens annually, as promised.
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