Ethereum ETFs have been approved in principle, and now the market is waiting for the first financial services provider to offer them. In anticipation of this move, a crypto whale withdrew $50 million worth of ETH, fuelling speculation of why anyone would do this, but the EIP-1559 could give a clue. EIP-1559 has to do with token burns, a great way to make coins deflationary and improve their value. The Shiba Inu burn rate is legendary and resulted in massive price increases. New GambleFi dApp Rollblock has introduced a token with a higher burn rate than even Shiba Inu and has made its RBLK token available in presale.
Ethereum (ETH): Ethereum ETFs Launch Sparks Strategic Withdrawal.
Why a crypto whale would withdraw 50 million when Ethereum ETFs are due to launch any day now is a great question and gives a clue about how whales make strategic decisions. Such withdrawals indicate an appetite for more structured investment vehicles like Ethereum ETFs, which offer enhanced security and diversified risk exposure, leveraging their benefits of easier management and potentially broader market acceptance. This approach exposes investors to the next wave of crypto-financial products but also aligns with a sophisticated investment strategy focusing on future growth through Ethereum ETFs.
Given that Ethereum has started a limited token burn mechanism after the EIP-1559, this crypto whale may be onto something. EIP-1559 was created to burn some of Ethereum’s transaction fees, driving the price up.
Shiba Inu (SHIB): Shiba Inu Burn Rate Something To Write Home About
Shiba Inu may not have invented token burns, but they have mastered them. The Shiba Inu burn rate sees Shiba Inu tokens go up in flames faster than an effigy at Burning Man. Almost 40% of all Shiba Inu tokens have been burnt, and considering Shiba Inu has returned over a million percent returns, these token burns are doing their job!
The Shiba Inu burn rate is often copied by other tokens, to great success, as this is a strategic mechanism that guarantees a price increase.
Rollblock (RBLK): Gamblefi dApp embraces token burn mechanism.
Rollblock is a new online gambling dApp grabbing headlines across the cryptosphere and for good reason! Right off the bat, the public-facing side of Rollblock is making a case for being the premiere online gambling dApp on the market. Many online casinos are about, but Rollblock rolls them all over.
The first feather in Rollblock’s cap is its versatility. Good old-fashioned casino games like blackjack, roulette, and poker? Rollblock’s got you covered. Looking for Web3 games? Rollblock’s got you covered, too. Sport betting? Yup, still Rollblock! Live games and not electronic pixels? You guessed it: Rollblock! No KYC and a play-to-earn scheme to boot!
The bigger accolades, though, lie in Rollblock’s investment side. Hard capped at a billion tokens, Rollblock is by design deflationary. A portion of the platform’s weekly revenue goes into acquiring $RBLK from the open market. 50% go to a burn address to create scarcity and increase the $RBLK value, a burning mechanism that would make even the Shiba Inu burn rate look like a campfire in comparison. The other 50% is distributed as rewards to RBLK token stakers.
The revenue share allows Rollblock to dangle a generous staking reward of up to 30% APY to encourage players and investors to hold their $RBLK tokens to provide liquidity on the platform. Considering how Rollblock gives weekly revenue-share payouts to all its holders, nobody is surprised that the Rollblock presale has gathered over a million dollars in rapid time, and the current stage of presale is almost 90% sold out.
Conclusion:
Token burns are good for investors, and the Shiba Inu burn rate saw the token’s value skyrocket. Anyone interested in the Shiba Inu burn rate can go see it in action at shibburn.com. Ethereum’s burning mechanism is not as enthusiastic as Shiba Inu’s, but the burns on Rollblock make the gambling token a must-have investment for the serious investor. Ethereum and Shiba Inu can be acquired on crypto markets – unless one wants to wait for the Ethereum ETFs to launch – and Rollblock is now available in the third presale phase at $0.0158.
Get in on the early action of the Rollblock ($RBLK) presale today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
