The official “download day” for Shiba Eternity mobile-app game has finally arrived. The global release date has been long anticipated by many of the Shib Army community members. The game was first announced last year in November 2021, by Shytoshi Kusama, the pseudonymous Shiba Inu project lead.
Amongst the topics being discussed surrounding Shiba Eternity and the worldwide release of the NFT-based, P2E (Play-to-Earn) game is the burn mechanism associated with it. 5% of the profits generated from Shiba Eternity will be sent to a permanent burn wallet where they are locked away and removed from the token circulation permanently. This is an important factor to the Shiba Inu decentralized project, as profits are in SHIB, the native token for the community.
Increase In The Burn Rate of SHIB
The Shiba Inu burn rate has been a consistent staple covered in much of the Shiba Inu token news released over the course of 2022, and even prior. Once Shiba Inu broke into the national spotlight in the October of 2021, after a surge in the token and a tweet from Elon Musk believed to be referencing Shiba Inu and Dogecoin, the project began announcing more focus on building real-world use cases around the SHIB cryptocurrency token. Up until that point in time SHIB was viewed by most to merely be a meme coin.
In November Shiba Eternity was announced, and into the first quarter of 2022, Shiba Inu put emphasis on creating more mechanisms for frequent, consistent token burns. In August the community released the SHIB Burn Visa card which burns SHIB with every purchase. Members of the Shiba Inu community are also able to contribute to the token burns themselves in order to assist.
In general, token burns are a mechanism used in the cryptocurrency space to stabilize the value of the digital asset by keeping token supply and circulation scarce compared to the relative token demand. On the day leading up to “download day,” the SHIB burn rate was reported by the SHIBBURN token burn tracking platform to have soared to 1,017% just prior to the scheduled release date on October 6.
Spreading The Word About Shiba Eternity
The Shiba Inu team is asking members of the token holder community to spread the word about Shiba Eternity, and encourage traditional mobile gamers to download the classic mobile version of Shiba Eternity, not attached to the blockchain technology. This is a distinguishable feature of Shiba Eternity. The game itself is available for play through the mobile application interface, or in alignment with the blockchain, where SHIB is used directly in the P2E gaming ecosystem. At times Shiba Eternity has been promoted as two games in one for that reason.
The 5% burns have been mentioned as part of the incentivization for members of the community to spread the word, as 5% of all game profits will be included in the consistent burns moving forward. As a general rule of thumb, the more a game is downloaded and reviewed in the Google Play and Apple iOS App Store, the higher the game ranks and subsequently, the more the game is organically suggested to individuals searching in the respective mobile application stores.
Positive Outlook Beyond Download Day
As download day has finally arrived, the most important part has been completed. The development and successful launch of the Shiba Eternity collectible card game is done, which means all other phases of the plan can ensue and be implemented as well as adjusted if necessary. The many hopeful SHIB token holders and community supporters will almost undoubtedly not only be fast to download the newly released game, but also tell a friend or two.