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Shiba Inu Recalls Vitalik Buterin 410T SHIB Burn: Here’s Why
The post Shiba Inu Recalls Vitalik Buterin 410T SHIB Burn: Here’s Why appeared on BitcoinEthereumNews.com. The Shiba Inu ecosystem team has recalled the historic move of Ethereum founder Vitalik Buterin, who burned over 410 trillion SHIB tokens. A recent post on X by the official Shiba Inu ecosystem account commemorated the third anniversary of Ethereum founder Vitalik Buterin’s monumental SHIB burn, reviving the memory of this significant event. Significantly, this remembrance comes amid Shiba Inu’s partner, K9 Finance, seeking to honor Buterin’s gesture by similarly destroying 410 million units of its own native token, KNINE. 3 years ago, Ryoshi burned $SHIB to @VitalikButerin a move that etched the #Shibarmy in history! Now, our partners @K9finance pay homage with a 410M $KNINE burn on May 31st! The legacy of burns continues! ???? https://t.co/TY4yt1R2Oq — Shib (@Shibtoken) May 29, 2024 Vitalik Buterin 410 Trillion Shiba Inu Burn During Shiba Inu’s mid-2020 debut, its creator, Royshi, shared 505 trillion SHIB tokens, roughly half of the total supply, to Ethereum’s Vitalik Buterin. About a year later, Buterin began offloading the tokens he received. Among his significant transactions was the charitable contribution of over 50 trillion SHIB tokens to a COVID-19 relief fund in India. In monetary terms, the donation was worth over $1 billion. A few days later, precisely on May 16, 2021, Buterin transferred 410,241,996,771,871 (over 410 trillion) SHIB tokens to a dead address, effectively removing them from the supply. To put it in perspective, Buterin burnt Shiba Inu tokens valued at over $6 billion in one transaction. – Advertisement – In the accompanying transaction note, the Ethereum founder expressed a lack of desire to wield concentrated power over a project. According to him, it would be preferable for the tokens to be directly issued to a deserving charity rather than being gifted to him. To this day, the staggering 410 trillion SHIB tokens burned by Buterin represent…
The post Shiba Inu Recalls Vitalik Buterin 410T SHIB Burn: Here’s Why appeared on BitcoinEthereumNews.com.
The Shiba Inu ecosystem team has recalled the historic move of Ethereum founder Vitalik Buterin, who burned over 410 trillion SHIB tokens. A recent post on X by the official Shiba Inu ecosystem account commemorated the third anniversary of Ethereum founder Vitalik Buterin’s monumental SHIB burn, reviving the memory of this significant event. Significantly, this remembrance comes amid Shiba Inu’s partner, K9 Finance, seeking to honor Buterin’s gesture by similarly destroying 410 million units of its own native token, KNINE. 3 years ago, Ryoshi burned $SHIB to @VitalikButerin a move that etched the #Shibarmy in history! Now, our partners @K9finance pay homage with a 410M $KNINE burn on May 31st! The legacy of burns continues! ???? https://t.co/TY4yt1R2Oq — Shib (@Shibtoken) May 29, 2024 Vitalik Buterin 410 Trillion Shiba Inu Burn During Shiba Inu’s mid-2020 debut, its creator, Royshi, shared 505 trillion SHIB tokens, roughly half of the total supply, to Ethereum’s Vitalik Buterin. About a year later, Buterin began offloading the tokens he received. Among his significant transactions was the charitable contribution of over 50 trillion SHIB tokens to a COVID-19 relief fund in India. In monetary terms, the donation was worth over $1 billion. A few days later, precisely on May 16, 2021, Buterin transferred 410,241,996,771,871 (over 410 trillion) SHIB tokens to a dead address, effectively removing them from the supply. To put it in perspective, Buterin burnt Shiba Inu tokens valued at over $6 billion in one transaction. – Advertisement – In the accompanying transaction note, the Ethereum founder expressed a lack of desire to wield concentrated power over a project. According to him, it would be preferable for the tokens to be directly issued to a deserving charity rather than being gifted to him. To this day, the staggering 410 trillion SHIB tokens burned by Buterin represent…
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