How many more bonfires will it take to get the shiba inu (SHIB) to $1? This company is lighting bonfires to the delight of SHIB fans. The campfire schedule around the canine token for the first four months of 2022 is already full.
Bigger Entertainment and Shiba Inu: bonfire for SHIB
On December 28, 2021, Bigger Entertainment releases a roadmap for the shiba inu burn in 2022.
The burn or destruction of tokens consists of sending them to wallets, whose private keys are impossible to recover. These tokens are therefore lost forever and this operation is theoretically supposed to increase the price of SHIB, by decreasing its supply in circulation.
According to ShibBurn data, 410,300,502,332,817 SHIBs have already been burned – 41% of the maximum supply of 1 billion shiba inu. On December 26, 2021, Bigger Entertainment also announced that it held over 1 billion shiba inu, and that the company did not own any other crypto besides it. The company burned a total of 880,983,100 SHIB.
Shiba Inu on fire: events not to be missed in 2022
Bigger Entertainment is hosting events with a portion of the proceeds going to burn shiba inu. On December 26, 2021, for example, the company held A Very Merry Shiba Christmas!” an event whose success resulted in the live destruction of 239 million shiba inu.
From January 14 to February 14, 2022, Bigger Entertainment will launch a promotional product campaign for Shib Lovers, with 80% of sales used to burn shiba inu. The Shib SuperBurn event for soccer fans will be held from February 7 to 13, 2022. Bigger Entertainment has also thought of basketball enthusiasts with NFT Madness to be held from March 13 to April 4, 2022.
SHIB’s burn is not the only transaction contributing to its price appreciation and increased adoption. The development of the SHIB ecosystem with the upcoming launch of its decentralized exchange and the upcoming release of Shiba Inu’s second layer solution, Shibarium, are also contributing to the project’s long-term success.
