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

As the destruction portal goes live in place, data from shibburn.com shows that the burn rate has risen again. Burn rates have now increased by 347.35% in the last 24 hours. Since the creation of this post, the official burn portal has reported 1,441,683,884.82 SHIB.

"Welcome to the SHIB Burn Portal," the site says. "We're excited to have you here. This burn portal is designed to allow users to regularly burn SHIB while effectively reducing its recycled supply." The page continues.

This portal is designed to reward SHIB burners through passive revenue recognition in the form of RYOSHI rewards. This means that 0.49% of all RYOSHI transactions will be allocated to burntSHIB owners.

According to the SHIB team, each destruction will contribute to the growth of the "wealth" community.

The annual percentage rate (APR) of SHIB burners earning burntSHIB is estimated at 43.76%, according to the Burning Portal, but the APR does fluctuate. According to the site, users must add the token burntSHIB to their Web3 wallet, such as Metamask.

"Our goal is to grow the wealth community with each destruction, but also by rewarding long-term efforts to create one of the best digital assets in the history of shiba inu cryptocurrency," explains the official burner portal. Meanwhile, several SHIB enthusiasts took to Twitter to upload evidence that they had burned SHIB or shared evidence of the current burn rate percentage increase.