Shiba Inu ‘s content marketing expert, Lucie, made an important announcement to SHIB Army in a recent tweet. The ongoing massive SHIB token burns based on Shibarium transactions are being done manually, she reported. Meanwhile, Lucie pointed out the potential for a more efficient and transparent incineration process.
The Shiba Inu representative specifically announced that SHIB cremation procedures will soon be automated. Additionally, we promise to inform the public when necessary updates are made. gave.
$SHIB burns are conducted manually until the upgrade. The announcement will be made, ensuring you are informed.
Quoting the words of #Shibarium discord’s and telegram admin @DavinciShib:
โAll $SHIB burns will occur, but at a pace that is as slow as necessary, minimizing orโฆNEWS CONTINUES BELOWโ ๐๐๐๐๐ | โจShib.ioโจ (@LucieSHIB) December 24, 2023
He also detailed the current SHIB burning program, quoting Davinci, the Telegram and Discord administrator of Lucie Shiba Inu.
According to the statement, the promised SHIB burnings will take place. However, it will occur at an intentionally slow pace to minimize or eliminate any pressure on Shibarium’s gas token, Bone (BONE).
Shiba Inu Team’s SHIB Burning Efforts
ShibariumIt should be reminded that it experienced its first hard fork earlier this month. Following this technical update, the SHIB token burning model would improve, moving from manual to automatic.
Meanwhile, the Shiba Inu team has conducted four manual SHIB cremations this month. The first manual burn took place on December 4, eliminating more than eight billion SHIB tokens. In its most recent incineration program, which took place on December 22, the team incinerated more than 17 billion SHIB in two operations.
After the fourth manual burn, the team managed to reduce the SHIB token supply by more than 33 billion using transaction fees obtained from Shibarium.
Source : The Crypto Basic