According to Etherscan, the founder of the Ethereum cryptocurrency, Vitaly Dmitrievich Buterin, better known as Vitalik Buterin, burned 90% of the Shiba Inu tokens that were stored in his wallet.
The process of burning tokens is carried out in order to reduce their number in circulation. To do this, he sent them to a non-existent address. The young crypto billionaire destroyed 410 trillion tokens worth $ 6.5 billion. The rest he intends to send to charity.
Last week, Buterin donated 500 ETH (Ethereum) and over 50 trillion SHIB (Shiba Inu), valued at about $ 1.14 billion at the time of the transaction, to the India COVID-Crypto Relief fund, which is spending money to help India fight the coronavirus. And his total donations to various funds exceeded $ 1.5 billion.
Vitalik Buterin was born in 1994 in Kolomna, in 2011 he founded Bitcoin Magazine, and in 2015 he launched the Ethereum blockchain platform. The 27-year-old has become the world’s youngest crypto billionaire. Over the year, his fortune has increased 25 times. Now he has about $ 1 billion and, judging by the latest actions, he is not yet striving to get rich further.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
