SHIB branded coffee available at Shiba Coffee Company, starting at Rs 1262

Shiba Inu has been in the news for the last few days. While there has been a record increase in its price, both coins remain in the headlines for its comparison with Dodgecoin. Now due to community efforts, its popularity is going to increase more. Launched in early November, Shiba Coffee Company is offering a variety of SHIB branded coffees, starting at $16.99 (approximately Rs 1,262). Here customers can also buy coffee in SHIB. 10% of the company’s income is sent to Shib Burning.

The Shiba Inu community or ShibArmy has previously hosted token burning projects for the community. Now Shiba Coffee Company is the latest in these projects. Apart from this, other projects like Shib burner playlist, Bricks Buster mobile game are also going on. However, these projects are going on in the digital world only. Shiba Coffee Company aims to remind people of their favorite local coffee roaster. With this people will be able to connect the digital world of Shiba Inu with the physical product.

“The digital community that SHIB has built with the physical world is the key to creating lasting impact and movement,” said a company spokesperson. “When people can touch and smell something, they can feel that it’s not something that just exists online.”

Coin burning is essentially a method of sending cryptocurrency tokens to a wallet that does not have an access key. The act is to eventually take the coin out of circulation. This reduces the total number of tokens in circulation and creates a token shortage. In this way the act of coin burning increases the value of the cryptocurrency.

In addition to marketing its coffee, the Shiba Coffee Company website features the names of companies that contribute to SHIB’s burning. Several companies have already pledged a portion of their profits to support token burn. These include Bigger Entertainment and The Vibe Maquillage, which will spend 20 percent of royalties and 15 percent of sales at SHIB, respectively.