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Can the burn rate of Shiba Inu coin be manipulated?

avatarSubha SarkarNov 23, 2021 · 3 years ago3 answers

Is it possible for the burn rate of Shiba Inu coin to be manipulated? I've heard that the burn rate is an important factor in determining the value of a cryptocurrency, so I'm curious if there are any ways that it can be artificially influenced or controlled. Can someone shed some light on this?

Can the burn rate of Shiba Inu coin be manipulated?
Cryptocurrency
Shiba Inu Coin
Burn Rate

3 answers

  • avatarNov 23, 2021 · 3 years ago
    The burn rate of Shiba Inu coin cannot be manipulated. The burn rate is determined by the smart contract and is based on the number of transactions and the amount of coins being burned. It is a transparent and decentralized process that cannot be controlled by any individual or entity.
  • avatarNov 23, 2021 · 3 years ago
    No, the burn rate of Shiba Inu coin cannot be manipulated. The burn rate is an automatic process that is built into the code of the cryptocurrency. It is designed to reduce the total supply of coins over time, which can potentially increase the value of the remaining coins in circulation.
  • avatarNov 23, 2021 · 3 years ago
    As an expert in the field, I can confirm that the burn rate of Shiba Inu coin cannot be manipulated. The burn rate is determined by the smart contract and is completely transparent. It is an important mechanism that helps to control inflation and increase the scarcity of the coin, which can have a positive impact on its value.

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