Shiba Inu lead developer Shytoshi Kusama addresses the possibility of burning 99% of the circulating SHIB token supply.
Kusama explains the challenges and necessary conditions for achieving such an extensive burn, including the adoption of the Shib tech stack by multiple large-scale projects.
He emphasizes the strategic intent behind the burn and highlights the importance of developing utility for SHIB through mechanisms like staking and new use cases.
The proposed burn would create scarcity and potentially increase the value of each remaining SHIB token, but it would be a gradual process over several years.