Shytoshi Kusama: Burning 99% of SHIB Tokens is Possible, but Implementation is a Priority

Shytoshi Kusama, the leader of the Shiba Inu project, has announced that burning 99% of SHIB's circulating supply is feasible. However, he emphasized that other important factors may affect the token price. When asked about the schedule or plan for token burning, Kusama replied that this goal is currently feasible. While such a large burn may have seemed impossible, the collaboration of many projects within the Shiba Inu ecosystem has made this milestone achievable. Main Conditions for Token Burning Kusama emphasizes that achieving such a large supply reduction can only happen if many projects or some large-scale initiatives adopt Shiba Inu's technology. Risks Associated with High Burn Rate The leader also points out the potential disadvantages of burning tokens. While burning can increase the price of SHIB, it can also make the token too expensive for users to buy, slowing down the burning speed. Kusama emphasizes that burning is not the only factor determining the success of the Shiba Inu ecosystem.

Application is the key to success According to Kusama, a more sustainable way to increase the value and ecosystem of SHIB is to promote its application in real-world use cases. If SHIB has practical applications, users will have less incentive to burn their tokens. Kusama has emphasized the importance of expanding tools and features for SHIB. He argued that broader adoption will attract attention from centralized exchanges and further enhance the ecosystem. New Features and Tools in the Ecosystem According to this vision, the Shiba Inu ecosystem has introduced features such as liquidity staking and other innovations. Kusama asserts that continuous innovation and new use cases are just as important as token burning for the success of the ecosystem. Communicate with the Community The topic of burning tokens has emerged from questions submitted by the Shiba Inu community for the Kusama podcast. Kusama regularly uses this format to address the most urgent challenges and opportunities of the ecosystem.