Shiba Inu Marketing Lead Unveils Significant 85 Million SHIB Rewards for Stakers – Comprehensive Details Revealed

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Lucie, Shiba Inu’s marketing lead, announced in a social media post a potential opportunity for members of the community to earn on their holdings. The marketing lead announced on X (formerly Twitter), the distribution of 2 LEASH and 85,000,000 SHIB tokens for participants on ShibaPunkz.art. 

As per Lucie’s tweet, the tokens are to be distributed over the next four months, the first of its kind for the Shiba Inu staking app.

  1. Lucie’s Announcement: Shiba Inu’s marketing lead, Lucie, revealed a unique opportunity for community members to earn rewards on their holdings.
  2. Token Distribution: Lucie announced the distribution of 2 LEASH and a staggering 85 million SHIB tokens for participants on ShibaPunkz.art.
  3. Timeline for Distribution: The tokens will be distributed over the next four months, marking a novel initiative for the Shiba Inu staking app.
  4. ShibaPunkz.art Overview: ShibaPunkz.art is Shiba Inu’s staking decentralized application (DApp), launched in 2023. Users can stake NFTs from a 10,000 collection of Shiba Inu-themed NFTs minted on Shibarium, the project’s layer-2 platform.
  5. Updated Staking Rewards: Lucie revealed a significant update to the staking DApp, allowing participants to earn 85 million SHIB tokens and 2 LEASH as staking rewards.
  6. Community Response: The new rewards program received a positive reception from the community, given the established nature of SHIB and LEASH tokens in the ecosystem.
  7. SHIB Burn Activity: Data from the burn tracking website Shibburn indicates that over 76 billion SHIB tokens were sent to dead wallets in 2023. December witnessed substantial burn activity, with over 35 billion SHIB burned.
  8. Burn Strategy: SHIB burns are intended to reduce the circulating supply, potentially boosting the token’s price. Despite significant burns in December, the yearly burn rate dropped by 8.33% compared to 2022.
  9. Community Dissatisfaction: Some community members expressed dissatisfaction with the burn rate, feeling it had not made a significant impact on the trillions of SHIB tokens still in circulation.
  10. Anticipated Increase in Burns: There are expectations of an increased burn rate in 2024, with a Shiba Inu development team member teasing a burn of 9.25 trillion SHIB tokens for the current month.

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