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NFT Project Pledges To Burn 2 Billion Shiba Inu

Cult Punks, the first NFT collection on the Modulus network, has pledged to buy back and burn Shiba Inu (SHIB) tokens with 2% of the funds realized from selling its NFTs. The project has also promised to dedicate 1% of the raise to support Shiba Inu leader Shytoshi Kusama’s women empowerment fund. Additionally, the Cult Punks team has promised to whitelist all addresses holding Shiba Inu-themed NFTs ahead of the Cult Punks mint event. If the collection is sold off at the whitelist price, 1% of the total sales will go into the women’s empowerment fund, while 2% will be used to buy back and burn SHIB tokens. If these funds are used to buy back SHIB, they will amount to 2.25 billion tokens.

(By ALBERT BROWN)

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