The official X account for the BONE token has published results of a voting currently taking place on the Shiba Inu website concerning the burning of SHIB and BONE tokens.
Voting Results on Burning
As of now, a total of 120,000 BONE tokens have been used by voters in the poll. Users are voting with their BONE holdings. Among the results, 756.702 BONE were cast for burning only SHIB tokens, 17,108.524 BONE were for the option '50% SHIB burning, 50% BONE burning,' 89.496 BONE voted for the option '70% SHIB, 30% BONE,' and the most popular choice, 'if BONE ≤ $2 then burn BONE, if BONE > $2 then burn SHIB,' received 103,793.287 BONE.
Decline in SHIB Burn Rate
According to data from Shibburn, the daily burn rate of SHIB has dropped significantly, showing a 95.08% decline. Less than half a million tokens have been burned in total — 313,491 SHIB. Weekly burn figures are also negative at a decrease of 70.78%, with a total of 34,515,020 SHIB being burned over the past week.
Overall Situation Overview
The official SHIB burn website reports that a total of 410,751,441,548,552 SHIB have been permanently removed from circulation, which is slightly less than half of the initial quadrillion supply.
In conclusion, the results of the voting and the decline in SHIB burn rate highlight the significance of community-driven decisions and encourage active user engagement in token management.
