New way to "burn" SHIB is evolving, and it's not about burning!

It’s been a while since the community burned their first batch of SHIB. Looking back, can we absolutely say the combined effort made a serious dent in that supply?

Well, that supply is still over 500 trillion.

The burn rate is a rollercoaster. It goes up and down. You can’t seriously make a long-term bet on a thing with such insane mood swings. That, and if the burn rate was going to, it would have grown to adequate levels already. 

Because the burn rate is just a number that represents the people behind it. The same people that were given every tool to burn there can be imagined, from play-to-burn video games to a whole search engine; even the official burn portal seems to be slowing down. It doesn’t take IQ 200 to realize that the majority of the ShibArmy don’t really want to get involved in burning SHIB themselves; if they did want, there’d have been over 1 million hodlers burning the shib out of that shib on a daily basis.

Certainly not. And they remain a valid way to reduce supply. So, if you were involved in any burn project so far, you should keep at it.

However, there are other, just as efficient ways to reduce supply and add value - like adding new hodlers. Nothing like token rewards to make people come! Why burn, if you can gang up, make revenue via your project, then distribute that revenue among the participants. Supply decreases, wallets fill up. Everybody’s happy. Something the burning can’t do. Seriously, can you imagine someone from outside joining the SHIB gang like, “Oh, let me just load up on this SHIB thing, because I hear they burn their own money to boost the value!” 

Very astute. Except, (1) the amount of revenue may increase drastically due to a larger influx of audience, now interested in being involved in rewards; (2) even if still takes 100 years to get rid of that supply, at least in the meantime the people involved can get some tangible rewards, as opposed to just sitting around a bonfire like a bunch of pyro-maniacs and torching those shibbies, without getting anything in return.

From what we were able to gather during a chat with Prof.Void - the creator of the first watch-to-earn Twitch channel that so far has given out over $300 worth of Shib to his 270+ viewers - his project is but a single cog in the much larger wealth distribution machine that resides on ShibaSearch Discord.

Through there, every verified user can be “tipped” some SHIB simply for utilizing their search engine and in the case of Prof.Void - for joining his stream sessions. The larger source of tips via searching the web with their search engine is still undergoing testing, but they promise a 90% user distribution pledge for when everything is set in stone, much like they did when they were committing their revenue to token burns.

Being proof mongers that we are, we dug deeper and were able to tally up some of what was distributed by Prof.Void, as well as one Spectre Gazushi - a pivotal member of the team, who kindly provided the numbers of SHIB distributed by him on ShibaSearch Discord via their "wealth distributing AI" known as Mr.Shibs.

Notice, the ‘sent’ and ‘received’ stats. Sent refers to how much a given user has distributed among others (aka shared with others), while the received indicates the quantity they were tipped by others. 

What's obvious is that these guys mean business and continue to evolve, with ever so more ideas on how to expand their project and benefit the community. We'll keep an eye on them and continue to document their journey.

In the meantime, could anyone tell us why our text editor always offers to correct ShibaSearch into “ZabaSearch”?