Shiba Inu (SHIB) Shibarium, the highly anticipated layer 2 solution for blockchain, shared an update on its official Twitter account. According to the update, every transaction on the Shibarium platform is native to the Shiba Inu blockchain. cryptocurrency will burn the SHIB.
The update also reminds users that BONE, another cryptocurrency on the Shiba Inu blockchain, will serve as the essential gas token for functionality within Shibarium.
Shibarium Beta Launch Coming Soon
Shibarium stressed that it is currently focusing on product launch and will provide additional information as we get closer to the beta launch. Users are advised to stay tuned for more updates.
Shibarium Update 🧵
While on our last post we wanted to remind everyone that BONE 🍖 serves as the required gas token for operability within Shibarium, we would also now like to formally announce that each #shibarium transaction will burn 🔥 SHIB.
1/2 🧵 pic.twitter.com/zQRoOuL9oW
— Shibarium Network (@ShibariumNet) January 7, 2023
The news of the SHIB burning caused excitement among the Shiba Inu community as it is expected to increase the rarity of the SHIB and potentially raise its value. The addition of BONE as a gas token is also seen as a positive development as it will increase the use and adoption of the cryptocurrency.
Overall, updates from Shibarium have been well received by the community. Many people are looking forward to the beta launch and are optimistic about the future of Shibarium.
SHIB is a cryptocurrency created in August 2020. It was released by an anonymous team of developers under the pseudonym “Ryoshi”. SHIB gained popularity due to its unconventional marketing tactics and association with the popular Shiba Inu dog breed featured in the cryptocurrency’s logo and branding.
*Not investment advice.
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