- Shiba Inu’s Duel Mode in Shiba Eternity aims to burn up to 10 billion SHIB tokens daily, reducing supply and boosting demand.
- Shiba Inu’s aggressive burn campaign and player participation through Duel Mode could impact token scarcity and value.
Shiba Inu has launched a new initiative within its network aimed at burning amounts of its circulating tokens while engaging its community. The Shiba Eternity game will allow players to participate in player-versus-player contests for SHIB rewards through its newly introduced Duel Mode. This new mode encourages user participation and supports ongoing efforts to reduce the total supply of SHIB.
The recently introduced Duel Mode in Shiba Eternity will enable players to compete against each other in battles, with an entry fee of 50,000 SHIB per participant. These entry fees are pooled together, creating a total of 100,000 SHIB for each contest.
The duel winner will receive 80,000 SHIB, or 80% of the pool, while the remaining 10% (10,000 SHIB) is burned, directly decreasing the circulating supply of Shiba Inu tokens. The last 10% (another 10,000 SHIB) is retained as a platform fee, supporting the further development of Shiba Eternity.
⚡️ SHIBA ETERNITY DUEL MODE – Battle for $SHIB & Burn! ⚡️
🔥 Two players. One victor. 🔥
🔹 Winner takes: 80,000 $SHIB
🔹 Registration fee: 50,000 $SHIB
🔹 10,000 $SHIB burned per matchHOW IT WORKS:
⚡️ Enter the Duel Lobby
⚡️ Battle for glory and SHIB
⚡️ A portion of each… pic.twitter.com/txLHRYReGz— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) February 27, 2025
This competitive feature is currently available only on the Web3 version of Shiba Eternity, which remains in beta. As of now, there is no official release date for its final version.
10 Billion SHIB Tokens Could Be Burned Daily
However, Shiba Inu has set an ambitious goal for the Duel Mode, hoping to burn up to 10 billion SHIB tokens daily. This target depends on achieving a high number of duels every day.
According to Lucie, the ecosystem’s team member, the aim is to record millions of duels daily, not just thousands. If Shiba Eternity successfully reaches a million duels per day, the platform could burn 10 billion SHIB tokens daily, which would equate to roughly $147,000 at current exchange rates.
Shiba Eternity Web3
The goal isn’t thousands but millions of games played daily. Imagine:
A million games a day, multiplied by 10,000, equals 10 billion (10,000,000,000).
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) February 27, 2025
This daily burn rate could compound over time. If the platform maintains this activity level, 70 billion SHIB could be burned weekly, valued at $1.03 million, and 280 billion SHIB could be burned monthly, worth approximately $4.12 million. These efforts could reduce the token supply, impacting its demand and value.
Rising Burn Rate and Shiba Inu’s Supply
According to ETHNews, Shiba Inu has already seen an increase in its burn rate, which surged by 1,335% in a single day, with 30.18 million SHIB tokens burned. Since the start of its burn campaign, over 410 trillion SHIB tokens have been permanently destroyed, leaving a circulating supply of approximately 589 trillion SHIB. As the burn campaign continues, this reduction in supply could create greater demand for the remaining tokens.
In addition, the ongoing efforts to lower the circulating supply are part of Shiba Inu’s long-term strategy to manage token scarcity. However, a decrease in supply could lead to upward pressure on the value of the remaining tokens as demand increases.
Moreover, Shiba Inu’s aggressive burn campaign through Duel Mode could help the project better manage its tokenomics. The initiative also allows for active participation within its community, incentivizing players to engage in the burn process.