ShibaPlay is currently developing a dedicated app for the Shiba Inu (SHIB) community. One of the leaks is that it allows the feature burn against SHIB, every time users shop.
This was just announced by the internet media Guru watcher today, Saturday (6/8/2022), based on information from the ShibaPlay team.
“ShibaPlay has revealed that it will be launching its own Shiba Inu app. The main purpose of running the application, according to them, is recording (burn) SHIB and reduce the daily circulating supply. However, the Shiba Inu development team is not involved in this app. This application will be developed in-house and supported by ShibaPlay,” said the ShibaPlay team Guru watcher.
This application is designed to cover all information related to SHIB, ranging from news, price information, blog and related to other developments in the Shiba Inu market.
Shiba Play exclusively revealed to Watcher Guru that the main purpose of the app is to burn SHIBs while delivering content to users.
Shiba Inu (SHIB) Di-burn Through the application
“Our biggest goal is to build a product that people will love and keep SHIB burning,” they said.
What is Crypto Burning and how does it work?
This will allow content creators to build their portfolio on the app and gather followers.
In other words, the upcoming app can act as a social media platform for SHIB community members.
When asked about how they would act burn SHIB at the ShibaPlay app revealed that they are experimenting with different ways to do this. The trick is that every time a user buys an Amazon product in the app, SHIB will be activated.burn automatic. This Burn ensures that the number of SHIB units on the market is increasingly scarce.
Additionally, they confirm that users will not be charged for using the performance app burn.
“The goal is to exterminate SHIBs for free using different methods,” they said.
When will the app be released?
ShibaPlay has not confirmed the release date of this Shiba Inu app. The team revealed that they are still working on the development and will reveal more details.
Mechanism burn is one of the ways it is believed to be able to boost prices in the short and long term.
If burn ensured that the number of SHIB units disappeared forever, created a scarcity effect. If the demand for SHIB is stable and increasing, then the price of SHIB may increase.
Since last year, SHIB has continued to remain among the top 20 crypto markets according to Coinmarketcap, competing with other cryptocurrencies such as meme cryptoIt is Dogecoin supported by Elon Musk. [ps]