SHIB’s Restaurant Franchise, Welly, Will Also Join The SHIB Burn Movement

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SHIB’s Restaurant Franchise, Welly, Will Also Join The SHIB Burn Movement.

Utility 6/7

Well, we’ve arrived to our destination.
Today we’re here to confirm it.
The Welly company will burn $SHIB in different ways: percentage from the franchise fees, percentage from company net profits and many more.#WellyFriends #SHIBARMY #NFT

— WELLY (@wellyfriends) April 27, 2022

The SHIBArmy is trying to reduce the total circulating supply of the SHIB token to increase its long term price target.  Welly announced that it will open more locations in the near future and will also burn SHIB token through a percentage of franchises fees and the franchise’s net profits. 

This is great news for the SHIB community!  This goes to show that the developers behind this project, SHIB token, are open to feedbacks of the SHIBArmy.  This is a truly decentralized community where the SHIBArmy  also has influence over the project, not just the developers.  The SHIBArmy has been very vocal about the massive circulating supply of the SHIB token and has been urging the developers to burn the token by sending it to dead wallets since 2021.   Therefore, now we see a SHIB Burn movement.  This is what Web3 and decentralization is all about; the community has the say.

Disclaimer: Our articles are for educational purposes only and NOT financial advice. For your own personal investment decisions, please do your own research and consult a financial advisor. Good luck investing.

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