Steven Cooper, the proprietor of the Bigger Entertainment crypto record label, stated that his team plans to burn 176 million SHIB at a “burn party” at the end of this month, just after Christmas, but the figure could be considerably higher.
Cooper has also supplied a link to etherscan, which shows that another two million SHIB have been destroyed, or delivered to a null address from which coins cannot be spent or withdrawn.
Bigger Entertainment is the first record label to accept SHIB for merchandise, music, NFTs, and event tickets.
Cooper’s “burn party,” which he’s been talking about for a long, will take place on Dec. 26. He invited the SHIB community to buy $5 burn party tickets earlier this month, stating that the earned SHIB equivalent of the cash gained would be burned on Dec. 26.
Cooper claimed in his tweet on Dec. 13 that if 7,500 SHIB holders paid $5 each, the team would burn one billion Shiba Inu coins.
They were 13% of the way to their target on that particular day. With only four days till the fire, the Bigger Entertainment crew is gearing up to burn 176 million SHIB.
“We’re set to burn 176 Mil #shib & growing at our burn party Dec. 26th…”
“We’re burning live. Lets give one final push #shibarmy! Buy a burn ticket on our website for $5. 100% burned…”
“This saves gas fees instead of everyone doing separate burns.” Tickets: https://t.co/NPAZpWCspz
— Steven Cooper (@iamstevencooper) December 21, 2021
Steven Cooper also tweeted that, since October, his crew had destroyed 641 million coins, including the two million SHIB they burnt 11 hours ago. He supplied a link to an etherscan page showing that two million SHIB (worth $70) were transmitted to the null address 0xdead000000000000000042069420694206942069.