Shiba Eternity Unveils Duel Mode to Reward Players and Burn SHIB Tokens

The Shiba Inu development team has unveiled a new game mode in Shiba Eternity, designed to reward players while supporting the ongoing SHIB burn initiative.

Shiba Inu’s development team has announced a new game mode in Shiba Eternity designed to reward players and support the ongoing SHIB burn initiative. The feature, known as Duel Mode, allows two participants to compete in a player-versus-player (PvP) capacity with both assets and rewards at stake.

This pushes user participation further while also rolling out a structured burn mechanism that permanently removes tokens from circulation.

How Does It Work?

Each player must pay an entry fee of 50,000 SHIB to participate in the collectible card game (CCG) duels, leading to a total duel pool of 100,000 SHIB per match. Once a battle concludes, the winning player receives 80,000 SHIB, while 10,000 SHIB is burned, reducing the circulating supply. The remaining 10,000 SHIB is allocated to platform fees, ensuring continued game development and support.

According to Lucie, the ecosystem’s marketing lead, this game mode is currently available only in the Web3 version of Shiba Eternity, which remains in its beta phase. The development team has yet to announce an official release date for the full version.

Potential Impact on Token’s Supply

The introduction of this game mode brings the potential for significant SHIB token burns.

While discussing the feature, Lucie set an ambitious goal, stressing the importance of reaching millions of duels daily rather than just thousands. If at least one million duels occur daily, 10 billion SHIB could be burned every 24 hours.

Assuming the current exchange rate ($0.00001390 per token), approximately $139,000 worth of SHIB would be removed from circulation daily. This translates to 70 billion SHIB ($1.03 million) burned in a week and 280 billion SHIB ($4.12 million) removed in a month.

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By reducing the overall supply, this burn mechanism has the potential to impact the token’s value positively over time.

Current Burn Rate and Circulating Supply

In addition to the anticipated burns from this game mode, the token’s burn rate has recently surged over 1,300%. Within 48 hours, 30.18 million tokens have been permanently removed from circulation. The token burn strategy has removed 410.74 trillion tokens from circulation, reducing the total supply to 589.25 trillion SHIB.

As Shiba Eternity’s Duel Mode gains popularity, its deflationary mechanism may accelerate, reducing the asset’s supply while incentivizing players with rewards. The combination of competitive gameplay and a structured burn initiative presents a unique strategy to enhance the long-term sustainability of the ecosystem.

: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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