- The Shibburn VISA card will be launched soon for the SHIB Army.
- Shib holders are able to burn Shib by paying using the new card.
- The team also revealed the upcoming Shiba Metaverse and launch of its own stablecoin.
The Shiba Inu team unveiled the upcoming SHIB Burn Visa card, a new way to burn SHIB while making payments.
The announcement was tweeted and pinned by Shibburn, the official Twitter account of Shiba Inu’s burn tracker. The six-second video teaser showed an orange-themed Visa card with the initials SB on it, pointing out the tagline “Make Payments, Burn SHIB.” The new SHIB Visa intends to refine the burn process without the help of Ryoshi Vision and its team.
In April, Shiba Inu and Ryoshi Vision partnered to develop the Shiba Inu burn portal. The partnership was aimed to encourage the SHIB army to burn tokens, in exchange for rewards in RYOSHI tokens and 0.49% of all return transactions. Yet, the distribution of reward has been exceptionally slow.
In the past 24 hours alone, Shibburn recorded more than $127 million burned SHIB but the reward was still not coming in. The aggravation of the SHIB army has reached the Shib team and announced on Shiba’s official blog post:
“What is apparent is the continued failure to deliver such workflows precisely based on the platform’s promise. The fluidity of rewards is under-performing.”
The team pointed out that they extended their reach to Ryoshi Vision about the set back but the reward distribution process was still the same.
The new burning mechanism was not the only change that Shiba Inu had installed for improvement. In February, Shiba team first announced the upcoming Shiba Metaverse, a dog-themed reality featuring lands and Shiba NFTs. The project was in response to the growing metaverse space and Shib team believed that it will grow in the future.
In May, the team also announced that SHIBA stablecoin will be launched this year. Despite the launch of the new stable coin, the team emphasized that SHIB will have a stable price in the future, in order for users to be able to hold it and use it as a payment option.
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