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Заголовок Shiba Inu Team Members Reveals The Best Way To Burn SHIB And Reduce Supply
Дата 20240916

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Shiba Inu Team Members Reveals The Best Way To Burn SHIB And Reduce Supply

Shiba Inu Team Members Reveals The Best Way To Burn SHIB And Reduce Supply

by Scott Matherson

2 mins ago

in Shiba Inu

0

Lucie , the marketing lead for the Shiba Inu ecosystem, has addressed concerns
about the token s large supply, which a user had described as a
major
disadvantage for the SHIB community . She revealed plans
to reduce it soon, generating optimism within the community that could
potentially fuel a price leap for Shiba Inu s native token, SHIB.

Epic Shiba Inu Burn Strategy

In a recent X post , Lucie clarified that the Shiba Inu developers could not
modify the token supply because Ryoshi , the project s anonymous
creator, burned the keys, leaving no one in control. She emphasized that the
only way to reduce the supply is for users to purchase and burn Shiba Inu
tokens actively.

Related Reading: Crypto Millionaire Loses $43 Million In Trading Bet, Rakes Up
$132 Million In Debt

This hardly comes as a surprise, considering that the meme coin has
consistently relied heavily on the goodwill efforts of its community to burn
the excessive SHIB in circulation. Their actions are crucial to the value of
the remaining SHIB coins today.

Lucie then revealed Shiba Inu’s ambitious plan to solve the problem. According
to the marketing lead, the plan is to build an epic system that attracts a
large user base and utilizes SHIBARIUM daily, which she says will require
millions (even billions) of users. The more users we have, the more
SHIB can be burned, increasing its value over time, Lucie stated.

As more people use Shibarium, the Layer-2 blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн

• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
network on Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum, it
will attract a growing number of daily users and create more opportunities to
burn SHIB, potentially boosting the token s value over time. In line
with this goal, an automated burn mechanism was introduced last month to
enhance Shiba Inu s burn rate further.

The Shiba Inu burn portal , ShibTorch, which recently launched on Shibarium,
is explicitly designed to burn only the base fees paid by users. These base
fees are sent directly to the burn contract, while a second priority fee is
allocated to validators.

SHIB s Burn Rate Decrease

The new SHIB burn strategy requires a significant financial commitment and
widespread participation to succeed. Lucie, the marketing lead, emphasized
that the key to its success lies in expanding the community, saying it s
all about growing the community and letting the system do its
magic!

Related Reading: Bitcoin Price Forecasted To Reach $112,000, Here’s The
Trigger

Recent data from the SHIB burn shows a significant 95.33% drop in the burn
rate over the past 24 hours. During this period, 648,525 SHIB tokens were
removed from circulation. This highlights the community s minor efforts
to reduce SHIB s overall supply and produce tangible results.

Despite the community s aggressive SHIB token burning, the
cryptocurrency hasn t seen the expected price uptick. At the time of
this writing, SHIB’s price is trading at $0.00001378, indicating a 0.65%
decline in the past 24 hours. However, some market watchers are of the opinion
that as SHIB s adoption broadens, its price may follow suit. SHIB price
surges with market | Source: SHIBUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com

============= Итог: 2,8660 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Ethereum#Блокчейн 2,8660 ; Информационные технологии#Информационно-коммуникационные технологии #Информационные технологии и телекоммуникации#Базы данных #Публичная база транзакций#Блокчейн#Ethereum 2,8660 ; Информационные технологии#Информационно-коммуникационные технологии #Информационные технологии и телекоммуникации#Базы данных #Публичная база транзакций#Блокчейн#Криптовалюта


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