- The burn rate of meme coin, which has experienced a critical upgrade on the metaverse, has increased by 300 percent in the last 24 hours.
A tracking platform where the amount of SHIB tokens burned by the Shiba Inu community can be tracked, which is actively burning SHIB. shibburn According to the website, as a result of the large SHIB cremation transactions that took place in the last 24 hours, the rate of Shiba Inu’s cremation has increased by more than 300 percent.
According to the platform’s data, more than 213,344,808 SHIB tokens were burned in 14 transactions in the past day.
Koinfinans.com As we reported, The Shib Burn Twitter account also reported that over 1,214,431,010 SHIB tokens had been burned in over 121 transactions in the past seven days. In the previous week, 542 million, over half a billion, were sent to SHIB dead wallets. Since the beginning of August, billions of SHIBs have been removed from circulation in the meme coin, which continues its burning at full speed.
As previously reported by KoinFinans, the community’s favorite meme cryptocurrency Shiba Inu (SHIB) Its developers are constantly working to introduce new and innovative projects to the SHIB community, which wants constant and massive burns to happen, and the SHIB team advocates a hypothesis claiming that at least 111 trillion SHIB can be burned within 12 months.
ShibaSwap 2.0 and the soon-to-be-released Layer 2 Shibarium are expected to play key roles in the plan to burn trillions of SHIBs.
Critical SHIB: Metaverse upgrade finally announced
in mid-April, shiba inu A highly anticipated event by the community, SHIB: Metaverse has been released. After that, the developers of the meme coin announced that a very important new upgrade called WAGMI Temple HUB will be added to the platform.
New Blog: An Important Update for SHIB The Metaverse!
Read more..https://t.co/EFecv615CI
— SHIB: The Metaverse (@ShibTheMV) August 30, 2022
Basic structure for the metaverse
According to a recent blog post, the SHIB team has been busy building a core build for Metaverse since the announcement of The Third Floor (TTF) studio’s involvement in building Metaverse for SHIB in late July.
This means that all members must communicate and interact seamlessly to achieve the best possible outcome for the Shiba Inu community. The team has now become quite strong, with the addition of THE THIRD FLOOR, a group of Metaverse consultants and project developers.
“Additional special team for Metaverse”
The article also mentions the existence of “an additional dedicated team” to be used as the “eyes, ears and voice” of the SHIB community. The task of this team will be to convey the concerns, questions, opinions and feedback of the SHIB military.
The goal of this team will be to ensure a seamless interaction between THE THIRD FLOOR studio, the development team and expert advisors. Feedback from the SHIB army will help Metaverse creative teams reach higher levels as they create and deliver the SHIB virtual world.
BONE trading volumes increased 400 percent
BONE, the management token of the Shiba Inu ecosystem, is currently at $2.17, up 92.77 percent, past the $2 mark, thanks to investor optimism. In fact, BONE outperforms the market by gaining around 150 percent in the last 48 hours.
As a result of this price increase, 24-hour BONE trading volumes also increased by an astonishing 400 percent. The excitement surrounding the asset continues as the altcoin gradually approaches the 230 million token cap.
Back in June, the Shiba Inu community overwhelmingly decided to stop all BONE issuance after 230 million tokens were minted. 20 million tokens will be stored on the platform, which is intended to be stored for Shibarium validators, while the maximum BONE token supply will remain at 250 million.
As reported by KoinFinans, BlueBit.io recently announced that it has listed BONE. Similarly, Singapore-based MEXC exchange announced a reward pool of 5,555 BONE to eligible users participating in the “Sign Up, Deposit and Trade” event, in a move to expand BONE support in collaboration with Bone ShibaSwap (BONE).
At the time of writing, the price of the Shiba Inu (SHIB) is at $0.0000126, up 6 percent in the last 24 hours. The trading volume of Memecoin, on the other hand, is showing an increase of 13%.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.