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Some time ago, the Shiba Inu team announced a joint project with Ryoshi Vision (RYOSHI) – SHIB Burn Portal. This collaborative effort should encourage the Shiba community to burn more SHIBs and earn fantastic rewards in the process. There is now a Visa card.
What is Ryoshi Vision?
Ryoshi Vision, an ERC20 token, is named after the pseudo-creator of the Shiba Inu project. It should be noted that the cryptocurrency it is not part of the Shiba Inu ecosystem. SHIB Burning Portal was designed to reward users who decide to permanently abandon tokens. passive income in the form of RYOSHI tokens.
To close half percent of all transactions to distribute Users who burn SHIB. Tens of billions of SHIB tokens have been burned since the launch of the community-supported portal last April. However, the portal suffered delays. Ryoshi Vision recently addressed the situation on a Twitter thread and apologized for it. “Discomforts and disappointments“. The project says it will offer a more detailed explanation in the future.
Insufficient combustion mechanism
The Shiba Inu team recently released an update related to the SHIB Burn Portal managed by Ryoshi Vision. The blog post indicates that the community is becoming increasingly frustrated by the delays in bounty distribution. Whoever decides to burn the token will be paid “very slowly”. “Payroll turnover is below average,” says the team. The Shiba Inu team called on Ryoshi Vision to “ensure better communication and transparency”.
So things don’t go as planned, many SHIB owners losing patience due to extreme slowness award procedures. Although Ryoshi Vision was extremely slow, the Shiba Inu community burned for impressive value. $ 110 million in SHIB tokens only in the last 24 hours.
Increasingly Members of the SHIB armyUsing the SHIB Burn portal to raise the price of the Shiba Inu (SHIB), the Shiba Inu team did not go unnoticed by the delay in the distribution of the reward tokens. “Obviously, it still can’t deliver that kind of profit based on exactly the platform promise,” reads an official ShibaSwap blog post.
Shiba Inu developers have also contacted Ryoshi Vision several times regarding this issue. Although it was noted that “the volatility of rewards is below par”, the Shiba Inu team is concerned. community trust with the statement that “The form of trust that our community has is fundamental for the team. “
Otherwise, Shiba continues its development and launch various projects such as a stablecoin or a game.
Next step for SHIBA: the VISA card
Speaking of which, the Shiba Inu (SHIB) decided to announce some big news on Monday morning. “Shibbern takes a new direction‘we can read in Shibbern’s tweet. Orange SB Visa Card Coming, although no further details were provided. The Visa SB card is the next addition to the shiba inu ecosystemcan be used to significantly speed up the reward distribution process.
At the moment, Shiba Inu (SHIB) is trading at $ 0.00001136., according to CoinGecko. Even though it has dropped in the past 24 hours, the popular meme token has risen. 5.4% in the last 7 daysif 4.5% compared to last month.
In this period, Ryoshi Vision (RYOSHI) is trading at $ 0.000000006973. at the time of writing, a 13% drop in the past 30 days. On the other hand, the new RYOSHI project has grown 289% since its launch, but proved unable to deliver on its promises as Shiba Inu’s assistant hindered its development multiple times.
For more Shiba Inu news, Here you will find our latest article. If you want to buy SHIB, you can also check out our guide on how to buy SHIB in France.