The popular memecoin known for its ferocious and straightforward campaigns and projects is looking to stake in Welly, a food-based NFT platform
Recently fast food restaurant chain Welly has announced that the crypto community of Shiba Inu will have ownership in its business. The Shiba Inu friendly burger joint has said that the second biggest meme coin community will have about 15% ownership in its business. The community will be given special treatment as a portion of the profits generated from all the activities. Having the ownership will enable the Shiba Inu community to decide whether to burn these tokens or even use them for different purposes.
Shiba Inu cryptocurrency holders will be able to use the tokens they help the BONE DAO. As earlier reported, Welly also recently announced its decision to burn a certain amount of revenue received in SHIB tokens. Earlier to this, Welly partnered with NOWPayemnts, a crypto payment company that would allow merchants to reduce the circulating supply of Shiba Inu.
Welly is a Shiba Inu-themed fast-food burger chain that confirmed in its blog post that it would participate actively in the SHIB tokens burning process. For which the fast-food chain company collaborated with the crypto payment gateway, NOWPayments.
NOWPayments has launched a new feature that allows SHIB and LEASH tokens to burn. Welly has also started accepting payments in native SHIB tokens and the fast-food chain also planned to add payment support for the Shiba Inu (SHIB) rival meme coin, Dogecoin (DOGE).
During February, Welly has gone through major upgrades, after which it has made the Shiba Inu officially its mascot. Naples-based burger joint venture Welly announced its gearing up for global expansion.
The burger joint venture Welly has also tried out the NFTs or non-fungible tokens by recently launching its two new NFTs in late March. Welly also announced an NFTs purchasing whitelist to tackle paper hands and bots-like situations.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.