Notice: The new website will have more details and graphs to better visualize burns as they happen. Stay tuned!
This site is used to track the number of $SHIB tokens burned so far. The total used here is based on the initial total supply of 1,000,000,000,000,000.
The previous count was based on only two dead wallets, but due to SHIBOSHI's NFT 'name change,' things have changed. We have the total supply decreasing instead with the 3rd dead wallet, leaving it with 0 balance. We can still keep track of the amount that was burned.
Math for tokens burned so far: (1,000,000,000,000,000 Initial Supply - Current Total Supply ) + Burn Wallet 1 Balance + Burn Wallet 2 Balance
Burning tokens permanently removes them from the circulating supply, similar to the idea of a publicly traded company buying back stock. This is done by sending your tokens to a special wallet with unobtainable private keys.
The decrease in the circulating supply will eventually drive Shiba Inu’s price upward. Below you can find the address to the "burn" or "dead" wallets.