The Shiba Inu team has informed through a blog that the community is very angry due to the delay in distribution of rewards. The team said that holders who have burned their Shib tokens are being rewarded at a very slow rate. The team said “the liquidity of the rewards is performing poorly.”
The Shiba Inu team has requested Ryoshi Vision to ensure better communication and transparency with its community.
Dear Ryoshi Vision Frens,
We have been in direct contact with the @Shibtoken team. At this time, we are taking full responsibility for the delays, and are actively working towards a rapid response and resolution.
— Ryoshis Vision (@Ryoshis_Vision) July 24, 2022
Ryoshi Vision requested the community to be patient through a tweet and also acknowledged the delay in the distribution of rewards. “We apologize for the inconvenience and disappointment caused to both the community and Burn Portal enthusiasts at this time,” the tweet said. The tweet further read, “A medium with a more detailed explanation of our current efforts [ब्लॉग] will be issued.”
Ryoshi Vision is an ERC20 token named after the creator of the Shiba Inu project (pseudonym), but is not part of the cryptocurrency Shiba Inu ecosystem.
The SHIB burn portal is designed to reward users who want to convert their SHIB tokens into passive income by burning their SHIB tokens and receiving rewards in the form of Ryoshi tokens. As promised by the project, about half a percent of all transactions should be distributed to users who burn SHIB.
Billions of SHIB tokens have been burned so far in the portal, which started in April, but the portal is struggling with delays.