Shiba Inu’s marketing expert, Lucie, envisions a future for Shibarium where it aims to onboard 1000 projects through numerous partnerships. Lucie emphasizes the importance of supporting both new and existing projects, urging the community to remain resilient during challenging periods. Lucie advises against giving up after coming this far and highlights the folly of abandoning progress made over several months.
Lucie encourages individuals to choose a community that resonates with them, make informed investment decisions, and avoid using funds meant for essential expenses in their investments. The message concludes with a call to observe, research, and invest wisely, and a rallying cry of “All Hail.”
Shibarium, Shiba Inu’s layer-2 solution, is set to revolutionize its ecosystem with the introduction of an innovative token-burning mechanism, a crucial component of the network’s economic model. Details about this transformative mechanism are revealed in the latest edition of Shib magazine, where the Shiba Inu team provides insights into its design, emphasizing its strategic significance for the network.
The scheduled token-burning mechanism, expected to commence in January, will undergo a phased implementation. Initially, it will be a manual process on Puppynet for testing purposes, incorporating multiple upgrades to enhance efficiency and reliability before the final deployment on the Mainnet. The automated burn process will follow predefined rules, ensuring transparency and efficiency in its operations.
Shiba Inu Burn Rate Spikes By 4900%
In addition to that, the network is gearing up for version upgrades that promise increased transaction speeds, advanced smart contract functionalities, and improved user experiences. These upgrades, as highlighted in the latest edition of Shib magazine, are touted to play a pivotal role in solidifying Shibarium’s position as a leading blockchain platform capable of meeting the growing demands of the digital realm.
The popular dog-themed crypto recorded a substantial increase in its token burn rate over the past 24 hours. Shibburn, a platform monitoring the number of Shiba Inu tokens burned, reported a remarkable surge of 4,907% in the daily burn rate during this period. This massive surge in burning activity is fueling anticipation regarding the token’s price, which has previously demonstrated limited movement, struggling to surpass the crucial threshold of $0.000009.