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An Idea to Increase The Burn

/u/client_no9 by /u/client_no9
October 19, 2021
in SHIB, SHIB Reddit
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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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