Shiba Inu's new combustion portal rewards SHIB burner destruction tokens

Shibaswap token holders can now earn prizes by burning their SHIB tokens thanks to the launch of the Shibaswap Burner website by the project's development team. According to the developers, the SHIB burner generates passive income in the form of RYOSHI rewards by holding a new token called "burntSHIB".

As the burn portal goes live, the SHIB army celebrates token burn rates.

Supporters discussed Shibaswap, the official destruction gateway for the meme-based crypto asset shiba inu (SHIB). while SHIB network participants have been burning tokens for some time, the burn portal now allows any SHIB owner with a Web3 wallet to burn SHIB and receive passive income gains for participating in the burn.

"SHIB destruction site is live - destroy SHIB, limit its circulating supply, and generate passive income while doing so," @shibainuart tweeted on Saturday. A large number of additional SHIB enthusiasts also spoke about the official burn portal on Shibaswap. While Bitcoin.com News reported a 26,000% increase in SHIB destruction rates on April 9, the destruction rate has since dropped significantly.