We create a new coin on Shibaswap, let’s call it $BARK… or whatever.
You redeem 100,000,000 $SHIB and get 1 $BARK in return. The 100M SHIB are then sent to the dead wallet and burned.
This will transfer the value of your SHIB to BARK which has a much smaller maximum number of coins (10M) and will increase the value of the remaining SHIB.
At the current price of .000028, a 100M :1 conversion would yield a $BARK price of $2,800 each.
This is basically a crypto version of a reverse stock split.
Without a new mechanism such as this, we will all be dead before we can burn a meaningful amount of SHIB.
submitted by /u/client_no9
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