New SHIB-Based Token On The Way? Shiba Inu Team Member Shares Important Update
The Shiba Inu ecosystem is one of the fastest growing communities in the crypto industry. The meme cryptocurrency has come a long way in a short time with lots of tokens and updates to its ecosystem, but it certainly still has a long way to go. In a recent not-so-surprise announcement, a core member of the Shiba Inu team hinted that a new stablecoin called Shi may be in the works. If the rumors are true, this could be huge news for SHIB holders and open up a whole new world of possibilities within the Shiba Inu ecosystem. Related Reading: Solana On Fire With Over 34% Rally Within A Week –....
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On Saturday, the second-largest meme-based cryptocurrency shiba inu has seen a lot of tokens burned during the last 24 hours. According to statistics, the network’s burn rate has increased by 26,592% as 1.4 billion SHIB has been destroyed.
Shiba Inu Burn Rate Increases Significantly
On February 22, a SHIB team member named “Archangel” revealed that the project would have a decentralized exchange (dex) called Shibaswap 2.0 with a burn portal. The portal is meant to help bolster a deflationary supply and in mid-March, SHIB team members launched a project....
Shiba Inu Lead Developer Shytoshi Kusama has briefly highlighted plans for the LEASH token that would advance the SHIB ecosystem and cater to the needs of community members. Shiba Inu Update Unveiled A SHIB X (formerly Twitter) account, Kuro Shibaarmy JPN recently released a statement made by Shiba Inu’s Lead Developer, Shytoshi Kusama on the […]
The SHIB (Shiba Inu) token is the offspring of the Ethereum network – an alternative to DOGE (Dogecoin). SHIB is more or less the opposite of Bitcoin in terms of availability. While BTC intends to make it scarce on the crypto market, the SHIB token flows in abundance. This is evident in its total supply of 1 quadrillion, even though its community plans to drop this figure. Also, its ecosystem is a good ground for different projects. Some of these projects are the creation of a decentralized exchange known as Shibaswap and storing NFT art. Related Reading: Can WAVES Flow Back From Its Low....
Memecoin Shiba Inu can officially be used to purchase land in the SHIB Metaverse using the native SHIB token, as the development team continues to provide utility for holders. Holders of the popular memecoin Shiba Inu (SHIB), will now be able to use the cryptocurrency to purchase land in the Shiba metaverse. On Wednesday, the Shiba Inu team took to Twitter to reveal that the SHIB token could now be used to mint parcels of land in the recently unveiled virtual reality project “SHIB: The Metaverse.”New minting option has been released on https://t.co/f2oLn05qWk! Mint lands with $SHIB!....
Shiba inu holders can now get rewards for burning their SHIB tokens as the project’s development team officially launched the Shibaswap burn portal. According to the team, SHIB burners generate passive income in the form of RYOSHI rewards by holding on to a new token called “burntSHIB.”
SHIB Army Celebrates the Token Burn Rate as Burn Portal Goes Live
Supporters of the meme-based crypto asset shiba inu (SHIB) have been discussing the launch of the official Shibaswap burn portal. While SHIB network participants have been burning tokens for quite some time,....