Shiba Inu’s burn roadmap for 2022 has been released, in which Bigger Entertainment has announced that massive SHIB burns will take place.
More SHIB burns in 2022
Bigger Entertainment, a company that is fully committed to Shiba Inu, has announced that its SHIB burns were not a one-off.
#SHIBARMY YOU asked for it so WE’RE gonna make it happen! Bigger Entertainment has huge plans for 2022! We’re hosting #SHIB burn initiatives EVERY month Next Year! & you can read all about it here! https://t.co/PznwXoVQ8R
— Bigger Entertainment (@biggerent) Dec 28, 2021
The entertainment company shared its massive roadmap planned for 2022, with burn initiatives set to take place each month.
January to April is fully booked with burn parties, as stated in the roadmap. First, the Shiba Inu community will experience the Shib Lovers merch campaign, which is scheduled to run from January 14 to February 14. According to the crypto record label, 80% of the proceeds from all purchases will be used to destroy SHIB tokens.
In addition, there is also a Shib SuperBurn event scheduled from February 7-13, especially for football fans. In addition to football fans, basketball fans will also get their money’s worth with NFT Madness, which takes place from March 13 to April 4.
Burn, baby, burn!
Bigger Entertainment is a crypto record label that sells merch, NFTs and event tickets. This allows users to contribute to regular SHIB burn parties.
The crypto record label hosted a Christmas themed live burn party where it handed out free NFTs and burned over 239 million SHIB tokens. This led to the burning of 880,983,100 Shiba Inu tokens.
Destroying (burning) Shiba Inu tokens permanently removes the tokens from the circulating supply. This is done by sending the tokens to a special wallet with unobtainable private keys. Due to the decrease in circulating supply, the price of Shiba Inu could eventually go up.
At present, 410,300,500,449,924 SHIB tokens have been destroyed from the original 1 quadrillion supply, according to ShibBurn.