Through the Shib Burn portal, the Shiba Inu (SHIB) crypto asset is expanding its global adoption by planning to launch its own Visa card.
This matter was presented through Shib Burn's Twitter along with a teaser video showing the launch of the SB Visa card.
Shibburn is going in a new direction. #shib #shibarium pic.twitter.com/IzcQMtvs6P
— Shibburn (@shibburn) July 24, 2022
The detail seen through the plan is the potential to speed up the incentive distribution process, in addition to underlining the advantages of burning more SHIB on each transaction.
It was a string of burn rate increases as high as 200% in 24 hours, after the SHIB Army encouraged the elimination of more tokens to win the prize money.
It is understood that in the last 24 hours as many as 110 million SHIB tokens have been burned by the Shiba Inu community even though users are said not to be rewarded as promised.
In comparison, the burn rate dropped 60% yesterday (July 24) but has now increased 202.26% in the past 24 hours.
For those who don't know, the activity of burning crypto coins is often done by sending a number of tokens to a 'dead wallet' with the aim of increasing the value.
Among those active in burning coins are Binance Smart Coin (BNB) and Ethereum (ETH) according to sources from Planet Crypto.
The Shib Burn portal which was launched on April 23 is dedicated to the burning of SHIB tokens with a record of nearly 70 billion coins being eliminated in the first half of 2022.
In the meantime, as of the writing of this article, SHIB continues to be at the level of $0.00001045 with a decrease of 8.29% in a 24-hour period or the equivalent of a trading volume of $384,987,464.
