shiba inu coin burn wallet
Since Shiba Inu launched its burn mechanism in April 2022, the platform has engaged in reducing SHIB token . will be burned and taken out of circulation forever. Please read our privacy policy and legal disclaimer. On Coinbase mobile app, search for SHIBA INU by typing "SHIBA INU" into the search bar. Vitalik Buterin, co-founder of Ethereum, at TechCrunch Disrupt London, 2015. Over the years, that supply has gradually reduced due to the Shiba Inu coin burn. Crypto analysts have checked the price fluctuations of Shiba Inu in 2023 and in previous years, so the average SHIB rate they predict might be around $0.0000147585 in April 2023. This will obviously not happenthe only way 1 SHIB could be worth $1 is if the supply of the token is reduced drastically. However, there are still many questions surrounding the release and utility of Shibarium. Over 85 Million Shiba Inu (SHIB) burned in the past 24 hours, 63.86 Million in a single transaction. Most times, the project's developers decide to burn the token so that the supply can drop. Nonetheless, it is more important to note that Shibarium can drive new companies to the ecosystem and drive value with this into the SHIB ecosystem. Cooper told IB Times that this came about from a call with the Shiba team that left him disappointed. Nonetheless, SHIBs burn rate could see a drop in the days leading to the Shibarium launch before picking up steam again. Nonetheless, the hype surrounding the launch of the protocol is high at this time and there is growing speculation that its emergence will impact the price of SHIB in a unique way. The 24-hour low and high are $0.00001387 and $0.00001448, respectively. The Shiba Inu (SHIB) network has obtained crypto traders attention due to its return on investment ratio compared to other digital assets. Buterin had been given half of SHIBs total supply in recent weeks in what appeared to be a marketing stunt. Polygon Unveils Polygon ID Ahead Of zkEVM Launch; MATIC Price Readying For Rally? The Shiba Inu price has increased to $0.00001237 today, representing a 0.5% rise in the past 24 hours as the coin's volume steadily recovers. Caution: Any tokens sent to these addresses will be lost permanently. I've decided to burn 90% of the remaining shiba tokens in my wallet. and drive value with this into the SHIB ecosystem. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. When he is not writing, he is looking to meet new people. Even though Shibarium will be burning SHIB with every transaction, there is a limited chance that it will influence the tokens price in the long term. Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. While NFT games are associated with earning crypto, a new section of titles are now play-to-burn. Jul 10, 2022. All trading involves risks, so you must be cautious when entering the market. Here's where SHIB is heading now. At thetimeof writing, SHIB was trading at $0.00001203, up by 3.98% in the last 24 hours. Coin burning is a common practice among several crypto projects that want to become deflationary. Shiba Inu Coin (SHIB) had a great 2021, gaining a lot of attention late in the year for its burning efforts, but what is the SHIB burn rate? Pi Coin Price Prediction 2025: Will Pi Coin Be Worth Anything? This massive burn caused the overall Shiba Inu burn rate to surge by 2439.55% over the last day. This Bitcoin based altcoin project skyrockets 115% amid series of updates Investment opportunity of a lifetime? Since then, it has pulled back and is hovering at around $0.000016 at press time. For instance, if SHIB reached a price of $1 at the current supply, its market cap would be over $500 trillion, more than the combined GDP of all the worlds countries. The first dedicated burn project in the crypto world. Labelling itself a DOGE killer, SHIB has seen a price increase of nearly 900% in the last two weeks, culminating in an all-time high of $0.00003791 May 10 and listings on major exchanges such as Binance and Huobi. In a note attached to another transaction he had made, Buterin said he had decided to burn 90 percent of his total Shiba Inu portfolio and send the other 10 percent to a charity he had not yet decided upon, according to Coindesk. Shiba Inu (SHIB) is an Ethereum-based ERC-20 token with an outstanding, dynamic, and passionate community. The Ethereum-based meme coin is preparing to launch its layer 2 scaling solution dubbed the Shibarium network. Everyone Practices Cancel Culture | Opinion, Deplatforming Free Speech is Dangerous | Opinion. INTAKE FORM IS LIVE #SHIBARMY. Since the circulating supply of SHIB has been halved in a matter of hours, each Shiba Inu token is scarcer than ever before. Guide on Shiba Inu wallet. Shiba Inu Owners Flock to Burn Portal With 11B Tokens Removed Learn Webinars Indices About Markets Finance Technology Web3 Policy Sponsored Content Upcoming event Flash Sale! In the last 24 hours, 351,133,451.5144775 Shiba Inu coin has been destroyed. Launched only in 2020, the token has seen its popularity and value soar. Shiba Inu tokens were priced around $0.000016 each at the time of writing, according to CoinMarketCap. Of the one quadrillion token created, Buterin got 50% as a gift from Shiba Inu creator, Ryoshi. Cryptocurrency tokens are notorious for their volatile price swings. Vitalik Buterin, co-founder of the Ethereum blockchain technology and cryptocurrency, has burned 410 trillion Shiba Inu tokens. However, this cumulative burn was done in just 15 transactions. Shiba Token, a Dogecoin clone, has deposited half of its supply into the wallet of Ethereum creator Vitalik Buterin. . The price of SHIBA INU has fallen by 3.42% in the past 7 days. BONE is not designed as a memecoin like SHIB, however, whenever a transaction is carried out, it a portion of Shiba Inu is burned, gradually pushing the memecoins deflationary agenda. Some 11 billion SHIB tokens have been burned since the portal started operation on Sunday, data shows. . Shiba Inu started with a supply of 1 quadrillion, but the Shiba Inu team gifted 50% of the supply to Ethereum co-founder Vitalik Buterin, who proceeded to burn most of that in a "dead. Moreover, Shiba Inu will face more sell pressure from troubled Voyager Digital, which intends to sell approximately $77 million in the coming weeks. This potential native token is called Bone ShibaSwap (BONE) and it will be used for paying the gas fees for all transactions that are carried on Shibarium. Alongside these developments, Shiba Inu has also climbed to become the worlds 10th largest cryptocurrency, excluding stablecoins, based on market cap. #ShibArmy #BoneArmy #Shiba #GasThe important question is, what if everyone knows that the way #Shib can reach 1 $ is maximum support of $bone and #shibarium? SinceShiba Inu launched its burn mechanism in April 2022, the platform has engaged in reducing SHIBtokens circulating supply in an attempt to drive its price. Trouble Ahead. Your daily dose of Crypto news, Prices & other updates.. To facilitate this, the Shiba Inu team has launched a new website called Shibarium Tech.. Shiba Inu has a circulating supply of one quadrillion (1,000 trillion). Do your market research before investing in cryptocurrencies. Experts have previously warned Newsweek about the risks associated with cryptocurrency investing. You alone bear the risk for your investment decisions. You can unsubscribe at any time. Image source: Getty Images. Considering its current supply, the total market cap will touch multiple trillions of dollars, a figure that is already too ambitious. Meanwhile, new, third-party tokens have also started burning large portions of SHIB. This means that any cryptocurrency thats sent to a burn address is stuck there forever. Shiba inu is an ethereum-based alternative to dogecoin founded in August 2020. Shibarium is dubbed as the ecosystems Layer-2 protocol that will help drive the more scalable transactions on the Ethereum network. Real-world utility. Due to the bullish momentum, Bitcoin () posted gains of nearly 40% in the first month of 2023; Shiba Inu (SHIB) made gains of up to 44% in January 2023. 99% of those new Crypto AI projects that were made in the recent weeks are probably just complete scams. The transaction, made on Sunday, can be viewed on Etherscan, which keeps track of Ethereum transactions. It's also worth pointing out that this also represents about 40% of the total SHIB. Exodus Mobile Shiba Inu Wallet Secure, manage, and swap your SHIB with the mobile security of face or fingerprint scanning. The Shiba Inu coin burning mechanism exists because of its supply at launch. In the past 24 hours, there have been a total of 85,010,210 $SHIB tokens burned and 9 transactions. Gfinity Esports is supported by its audience. Through the likes of its SHIB Burner playlist and burn parties, Steven Cooper's "crypto record label" has destroyed over 1 billion SHIB. Wallet: Metamask Wallet: Shib Token Price . Shiba Inu is an ERC20 token operating on the Ethereum blockchain which allows it to be stored on a wide range of wallets of both the hardware and software variety. Shiba Inu is -0.38% in the last 24 hours. One such innovative project is Chiliz, which pioneered the fan token service and is also now contributing to the industry with its newfound Chiliz Labs. The trove of more than 410 trillion tokens was sent to a dead blockchain . SHIB price jumped nearly 2% in the last 24 hours, with the price currently trading at $0.00001423. Deep dive into ecosystem, The Shiba Inu (SHIB) ecosystem is growing by a deep stretch but the major conversation about the memecoin is now. In contrast to Shiba Inu is a token built on Ethereum, Shibarium will have its own native token which is already operational in the ecosystem. ", Join half a million readers enjoying Newsweek's free newsletters. Sign up for Crypto for Advisors, our weekly newsletter defining crypto, digital assets and the future of finance. This means it was not something that was planned from the very beginning. SHIBA INU is on the decline this week. The advanced capabilities of Shibarium are based on what the developer team behind it has said, as insights into its actual workability are yet unknown. Binance Crypto Wodl Answer Today: Metaverse and GameFi Theme. window.__mirage2 = {petok:"jNOZBSzoc5SK8bI9QZa_MMBPcZkE2Tz2ehlA2UY6sTA-1800-0"}; With the recent price rally, FLOKI has made it to the top 100 cryptocurrencies based on market capitalization. Shiba Inu prices rose 32% after bouncing off the flag's lower trend line, indicating a breakout. The number of transactions burning SHIB tokens have declined in the last few weeks as investors hold onto their SHIB tokens amid the anticipated launch of the Shibarium Layer-2 blockchain on February 14, Valentines Day. Data from etherscan showed that a total of 410.2 trillion SHIB valued at $16.05 million has been sent to the dead wallet. In order to do this, the project usually has burner addresses where the coins cannot be retrieved. Through community burns, and the Shiboshi name changes, the SHIB burn rate, based on March's numbers, was around 6 billion SHIB. Its worth keeping in mind that burning tokens alone will not necessarily increase the value of the coin. When Will Pi Coin Launch: Pi Network Phase 4 Release Date. The transformation of value in the digital age. Here, the burn portal destroyed as much SHIB as the rest of 2022 had combined. Burn Shiba Inu (SHIB) On September 29, 2022 Following. The large supply meant the nominal price of each SHIB token was very low, which helped the project attract investors as the coin appeared to be cheap. 24-hour trading volume is $ 174.75M USD. Across the three SHIB burn wallets, over 410.38 trillion SHIB has been burned, representing 41% of the total SHIB supply. But, according to Lookonchain, a blockchain surveillance resource, this dream might not come true. While Shiba Inu has no regularly scheduled SHIB burns through its tokenomics or WoofPaper, it now has the Shiba Inu burn portal that will facilitate token burns. Your weekly wrap of Web3 news and trends. The altcoin is currently suffering the brunt of the recovering market as investors are acting cautiously, looking for a bullish or bearish signals. If more people and companies drive the price up, SHIB can certainly reach $0.01 or even a little bit more, but probably never $1. How to Store, Stake and Mange SHIB, LEASH and BONE. Both Binance Smart Coin (BNB) and Ethereum (ETH) regularly burn coins. See also: Binances Indian Crypto Exchange Lists SHIB Token as Vitalik Gift Garners Local Press. SHIBA INU is a 100% decentralized community experiment with it claims that 1/2 the tokens have been sent to Vitalik and the other half were locked to a Uniswap pool and the keys burned. Shibarium is dubbed as the ecosystems Layer-2 protocol that will help drive the more scalable transactions on the Ethereum network. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. Most of these are due to Buterin burning 41% of the supply. [CDATA[ Crypto-news-flash.com uses Cookies to ensure the best experience for you. This includes the Shiba Inu Metaverse, where landowners will burn SHIB when they rename their property. News and analysis for the professional investor. In May 2021, Buterin burned 90% of the SHIB tokens sent to his wallet and donated more than 50 trillion tokens, valued at more than $931m at the time, to the India Covid-Crypto Relief Fund. Investors might be cautious before the launch and therefore reduce their activities. LIKE RT Let's Go! surrounding the launch of the protocol is high at this time and there is growing speculation that its emergence will, Nonetheless, it is more important to note that, Shibarium can drive new companies to the ecosystem. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. The trove of more than 410 trillion tokens was sent to a dead blockchain address late on Sunday, taking them out of circulation. Investors are holding their SHIB tokens as lead developer Shytoshi Kusama hinted at the Shibarium beta launch on Valentines Day. Moving Ahead. Baby Doge Coin (BabyDoge . Shiba Inu Coin Burn: How many SHIB Coins Have Been Burned So Far. Shiba Inu coin burning describes how the supply of the token reduces. This wallet holds 410,326,013,787,703 - or 41% of the supply, and has been topped up by further SHIB burns. Shibburn SHIB Price: $0.00001235 Market Cap: $7,291,327,078 Volume (24h): $238,831,630 Shiba Inu Supply 410,385,155,471,094 Total burnt from initial supply Max Total Supply Total Supply Circulating Supply Staked (xSHIB) Burn Rate: 298.38% Last 24hrs (11,541,343 $SHIB) 12000000 10000000 8000000 6000000 4000000 2000000 Latest Burn Transactions Robinhood, Polygon, 0x Labs Partners To Simplify Crypto Trading, ZRX Token Up 20%, XRP Lawyer: Con Man Gary Gensler Similar To SBF. Any opinions provided, including e-mails, live chat, SMS or other forms of communication across social media networks do not constitute a suitable basis for an investment decision. The first major Shiba Inu burn happened in June 2021 when Vitalik Buterin, who was gifted a large amount of SHIB when the token launched, burned 41% of the Shiba Inu supply. The current surge in the burn rate has helped the SHIB to maintain the price surge amid the volatile market. Shiba Inu is now being traded at $0.00000724, this represents a 2.3% low compared to last week. Fascinated by Disruptive Technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. Other efforts happen within the community and even outside. Only 352 Million Shiba Inu Burned in February, San Francisco Nightlife Merchants Can Now Accept Shiba Inu. It has a circulating supply of 549,063.28B USD. Shiba Inu is the second most valuable meme coin by market cap, second only to Dogecoin. Here are three critical things that Shiba Inu naysayers are overlooking. Poll: If You Had $1,000, WillYou Buy Dogecoinor Shiba Inu? If more people and companies drive the price up, SHIB can certainly reach $0.01 or even a little bit more, but probably never $1. Independent Analyst When you see SHIBA INU appear in the results, tap it to open up the purchase screen. . Over the past week, cryptocurrency investors have witnessed the rise andfall of dog-themed tokens. Though a 2.16% surge has been witnessed in the last 24 hours, Shiba Inu (SHIB) still shows a decline of 66.38% in the yearly charts. Terra Classic V1.1.0 Upgrade Goes Live, Will Binance Resume LUNC Burns Today? According to the latest crypto price oracles, Shiba Inu has gained over 220k X from its all-time low in November 2020. Shiba Inu is a project similar to Dogecoin except Dogecoin is a coin whereas Shiba Inu is an Ethereum based ERC-20 token. https://t.co/ZKYNFIjsnx. The ShibBurn portal has been created by deriving inspiration from Ethereum creator Vitalik Buterin's humongous $6.7 billion SHIB token burn of mid-May 2021. The price of Shiba Inu plummeted after Buterin's transfer to the India COVID-Crypto Relief Fund last Wednesday. Shiba Inu (SHIB), the second-largest meme coin in the crypto market, has gained lots of attention lately.With the Shibarium portal going live and the burn rate reaching new heights, investors are hoping for a massive price rally. Ripple lawyer: Gary Gensler has to recuse himself from voting on any enforcement case What this means for Bitcoin and crypto, Things to know about when choosing a crypto exchange platform, Will the Bank of America build on Polygon? Someone Burns 64M Shiba Inu in One Transaction, 85M in 24 Hours, RenQ Finance (RENQ) Has More Potential Than Solana (SOL) And Cosmos (ATOM), Crypto Donations Can Now be Made With BONE, Fidelity Set to Launch Dedicated Bitcoin and Crypto Platform, BitCard and Blackhawk Network (BHN) to Offer Bitcoin Gift Cards at Select U.S. Many cryptocurrencies use coin burning, the act of destroying coins by sending them to dead wallets, to sustain themselves long-term. #shibainucoin makes it to the list of top 10 most traded tokens among the 2000 biggest ETH whales in the last 24 hours as the 227th biggest ETH Whale has purchased a whopping total of 1 trillion Shiba Inu (SHIB) tokens. Coin burning is a common practice among several crypto projects that want to become deflationary. These are wallets with no obtainable keys, whose contents are irretrievable; hence anything sent to it is gone forever, and out of circulation. The Shiba Inu ecosystem takes pride in a market capitalization of approximately 6,824,637,958 and a 24-hour trading volume of about $190 million. The content of this website solely reflects the subjective and personal opinion of the authors. Currently, Shiba Inu's (SHIB) price has increased to $0.000010. Wild Cash App by Hooked Protocol: Answer Quiz to Earn $HOOK. The creator of Shiba Inu claims to have "burned" half the total supply of SHIB by sending it to a wallet address controlled by Ethereum founder Vitalik Buterin. . Travis Johnson's Bricks Burner mobile game, for example, uses the ad revenue earned to send SHIB to the dead wallet. Make sure to use the "Vote Down" button for any spammy posts, and the "Vote Up" for interesting conversations. The largest burn of 19,400,000 in the last 24 hours was contributed by wallet address0x463758. Will MATIC Price Lose $1 Support Amid Market Correction? We do not have an exact launch date for when Shibarium will go live, but it should happen very soon. More recently in August 2022, it burned 3.7 billion SHIB. The second largest meme coin has over 1.3 million holders, according to on-chain data, having facilitated over 9,788,287 transfers. Now, Buterin has also burned a further 410 trillion of his Shiba Inu tokensworth around $6.5 billion at the time of writingtaking them out of circulation. One of the oldest ETH wallets holds 250,000 ETH, untouched since ICO! The amount of tokens burned is tiny compared to the number of SHIB in circulation. XRP Price Prediction: Heres How XRP Holds 12% Growth Potential Amid Market Uncertainty, Crypto Price Today Mar 1st: SingularityNET and Maker Coin Jumps 17% While EGLD Shows a 2% drop, SHIB Price Analysis: Bearish Pattern Threatens Shiba Inu For Possible 20% Drop. The price increased by 0.57% in the last 24 hours. Note: All information on this page is subject to change. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. With the expected launch date, the Shiba Inu lead developer Shytoshi Kusama recently announced a new website and intake system. According to the Shiba Inu burn tracker Shibburn, a total of 20,929,491 SHIB tokens were burned in the last 24 hours. The second largest meme coin has over 1.3 million holders, according to on-chain data, having facilitated over 9,788,287 transfers. Furthermore, most of the tokens sent to Shiba Inu's burn wallet are from individual whale accounts. Coinbase CEO Brian Armstrong Takes Jab At U.S. SEC, Asserts Staking Is Not A Security, Breaking: Chainlink Targets Web 2.0 Developers With New Platform Launch. Crypto exchange Crypto.com sends 19,400,000 Shiba Inu (SHIB) tokens to the burn address, making the total SHIB burn to rise 10,109% in the last 24 hours. How Ethereum's evolution impacts crypto markets. Is Pi Network Legit Or Scam: Pi Cryptocurrency Real Or Fake? Bigger Entertainment was among the first large-scale SHIB burns from the community. Billion-$-company behind Bored Ape Yacht Club launches Bitcoin-based NFT project to expand from Ethereum. These positive updates have led ShibArmy to burn more SHIB tokens in order to decrease its coin circulation in the market. The burn was contributed by 4 transactions to reduce the circulating supply of Shiba Inu tokens. Shiba Inu uses two such wallets. (adsbygoogle = window.adsbygoogle || []).push({}); This burn initiative has taken off big since the . Dogecoin Price Prediction: Bearish Pattern Puts DOGE Price On 10% Downside Risk. The live price of Shiba Inu is $ 0.0000124 per (SHIB / USD) today with a current market cap of $ 6.80B USD. What financial advisors need to know about crypto. To do this, such tokens are sent to a burn address, otherwise known as a dead wallet. Terra Luna Burn: Will Terra Luna Use Up All of Its Supply? There are plenty of other SHIB burning efforts going on within the Shiba community and ecosystem. The high degree of leverage can work against you as well as for you. At press time, Shiba Inu is trading at $0.00001232, with a 0.53% drop in value over the last 24 hours. Other upcoming Shiba Inu projects, such as Shibarium and ShibaSwap 2.0, will also include a burning mechanism. Since then, the Shiba Inu community has been particular about SHIB burning. Readers are requested to form their own opinions on the contents of this website and to seek professional and independent advice before making concrete investment decisions. Shiba Inu, the dog crypto, burned close to 200 million coins within the last 24 hours. Adrian Zduczyk, co-founder of blockchain analysis group YellowBlock and CEO of The Birb Nest crypto educational platform, last week warned about an increase in "over-hyped coins" and "high returns expectations. Many cryptocurrencies use coin burning, the act of destroying coins by sending them to 'dead' wallets, to sustain themselves long-term. Anyone can burn a cryptocurrency by sending it to a burn address. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Burning large amounts of cryptocurrency tokens can have the effect of increasing the scarcity of that token. Luna burns and the Luna Classic burn tax are among some of the more recent burn developments. If SHIB closes convincingly below $0.0000479, the bullish argument will be invalidated. The presented content may include the personal opinion of the author and is subject to market condition. Buterin further warned project creators to avoid sending new coins to his public address without his consent in the future. Floki Inu (FLOKI) also known as the people's cryptocurrency is gaining lots of traction lately and the buzz has refused to taper down. According to our Shiba Inu price forecast for 2023, Shiba Inu's price is expected to trade at a minimum price of $0.00001758 and an average value of $0.00001824.Shiba Inu token is expected to surge after the Shibarium upgrade and touch the maximum price of $0.00002121 by the end of 2023. Shiba Inu's burn rate rises over 600% in the last 24 hours, as per the Shiba Inu official tracker Shibburn. That move alone dropped Shiba Inu circulating supply by almost half, and it also made the token more popular. The coin, each of which trades for tiny fractions of a penny, is currently down about 30% over the last 24 hours and has fallen about 48% from its peak on Oct. 27 to $0.00004546 midday Thursday, according to CoinMarketCap.com . In a transaction note, Buterin urged other coin developers not to send him any more tokens unless he consented first, and recommended contacting a charity instead. The billionaire Canadian-Russian programmer had been gifted more than half of all Shiba Inu tokens in existence by the anonymous Shiba Inu founder known as Ryoshi, in what Coindesk said appeared to be a marketing stunt. Binance Launches Bicasso, AI Powered NFT Generating Platform. Shiba Inu (SHIB), the worlds second largest meme crypto is on a massive price surge riding on the upcoming launch of Shibarium and bulk whale buying. Developers behind Shiba Inu coin accept the community's demand and implement burn in Shiba Inu and Doge killer. Recently, Shytoshi Kusama, the lead developer of SHIB, called on developers worldwide to build on Shibarium by making the intake form for Shibarium Beta live. Buterin explained: Ive actually been impressed by how the dog token communities have treated the recent donation! Approximately 41 percent of Shiba Inu tokens have been transferred to the burn address, with the Shibarium launch expected to increase the burn rate. CoinCodex is a cryptocurrency data website that tracks 23331 cryptocurrencies trading on 418 exchanges and provides live crypto prices. This strange decision was supposedly . Buterin sent $1 billion worth of SHIB and other tokens to various charitable organizations last week. Shiba Inu Coin (SHIB) had a great 2021, gaining a lot of attention late in the year for its burning efforts, but what is the SHIB burn rate? Crypto Price Today Feb 28th: How Altcoins May React to Bitcoin Sustainability Below $24000. Shiba Inu replaced the Curve DAO Token (CRV) as the most popular coin trade in the whale Ethereum wallets each of which holds US$145 million on average.
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