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SRC-20 Good News for the Shiba Inu Network: Burn Wallets Are Now Available!
The Shiba Inu** community is looking to narrow the circulating supply, SRC-20 token holders on the Shibarium network now have a new burn wallet on the network.
WoofSwap, a Shiba Inu-based environment for trading and minting SRC-20 tokens, has released an important update for members of the Shiba Inu community.
WoofSwap has announced that SRC-20 tokens on the Shiba Inu blockchain Shibarium now have the ability to be burned. He also shared the address where the tokens could be sent to be burned.
The "0x0000000000000000000000000000dEaD" wallet is used by many projects as a burn wallet.
For context, SRC-20 represents the standard for the creation of Shibarium inscriptions. Preparation of an inscription; It involves the inclusion of various types of content, including images, text, or HTML, in the custom process.
Data from WoofSwap shows that Shibarium currently has at least 50 SRC-20 tokens. With SRC-20 now supporting burning, holders of these tokens can burn a portion of their large supply to support their market value. Furthermore, this development suggests that the token can now take on a purely deflationary role.
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