Crypto Quill

Shiba Inu ($SHIB), the meme-inspired cryptocurrency that aims to be the “Dogecoin killer”, has announced a strategic partnership with domain company D3 Global to launch .shib domains. This move will allow users to acquire top-level domains with the .shib extension, enhancing the utility and adoption of the Shiba Inu network. In addition, Shiba Inu has also burned over 6.3 million SHIB tokens in the last 24 hours, reducing the overall token supply and increasing the scarcity and value of the remaining tokens.

What are .Shib Domains and How to Get Them?

.Shib domains are decentralized domains that are powered by the Ethereum network and the Shiba Inu ecosystem. Unlike traditional domains, which are controlled by centralized authorities and require annual fees, .shib domains are owned by the users and do not expire. Users can also use .shib domains to access decentralized applications (dApps), store and send cryptocurrencies, and create NFTs.

To get a .shib domain, users need to have some SHIB tokens and a compatible wallet, such as MetaMask or Trust Wallet. Users can then visit the D3 Global website and search for their desired .shib domain name. If the name is available, users can purchase it with SHIB tokens and claim ownership of the domain. Users can also customize their .shib domains with various settings, such as IPFS hashes, crypto addresses, and email forwarding.

Why is Shiba Inu Burning Millions of Tokens?

Shiba Inu has also made headlines by burning a staggering 28,000% more SHIB tokens in just 24 hours. According to the Shiba Inu burn tracker Shibburn, over 6.3 million SHIB tokens were sent to inaccessible wallet addresses, effectively taking them out of circulation. This massive burn has dramatically increased the burn rate, highlighting a strategic move to reduce the overall token supply and increase the demand and price of the remaining tokens.

The surge in the burn rate coincides with Shiba Inu’s partnership with D3 Global, a move that allows users to acquire .shib domains. This partnership not only enhances Shiba Inu’s utility but also places it among the first decentralized projects to pursue a top-level domain through the Internet Corporation for Assigned Names and Numbers (ICANN), following in the footsteps of Ethereum’s .eth domains.

How Does Shiba Inu Compare to Other Meme Coins?

Shiba Inu’s aggressive token burning strategy and expanding utility are reshaping the meme coin landscape. These developments have sparked a renewed interest in meme coins, leading investors and crypto whales to scout for the next big thing in this niche market. One of the potential contenders is Rebel Satoshi (RBLZ), a new meme coin that offers real utility and a robust community, making it the best meme coin for many investors.

Rebel Satoshi stands out in the crowded meme coin space with its unique blend of humor and functionality. Unlike traditional meme coins, which often rely solely on social media hype, Rebel Satoshi offers features like its NFT marketplace and staking options, providing tangible value and solidifying its status as a top altcoin to watch. Rebel Satoshi is also based on the Ethereum network, which gives it an edge over other meme coins that are based on less scalable and secure networks.

The buzz around Rebel Satoshi has not gone unnoticed by crypto whales, who are always on the lookout for promising investments. The potential of Rebel Satoshi to replicate or even surpass Dogecoin’s success has made it an attractive option for these major investors. With its growing popularity and potential for high returns, Rebel Satoshi is quickly becoming a hot altcoin to buy.

Join the Rebel Satoshi Presale

The Rebel Satoshi presale is in full swing, currently in its Citizens Round 3 phase. Having sold over 90,696,835 $RBLZ tokens, amounting to over $1,100,000, the presale has been a significant success. The presale is expected to end soon, so interested investors should hurry and join the Rebel Satoshi community before it’s too late.