Major Development in Shiba Inu (SHIB): Burns Will Increase!

The beta test of Shibarium, the highly anticipated tier 2 network of popular meme coin SHIB, went live about two weeks ago. It is eagerly awaited at the launch date of the mainnet. Besides, as a recent development, the meme coin team has finally released their Shibarium Documentation.

These documents offer comprehensive guidance on the inner workings of Shibarium. Shibarium is expected to provide greater scalability, lower gas fees and help increase transaction speed for Shiba Inu ecosystem projects. Another exciting development about the update is the Shibarium’s potential to burn a large amount of Shiba Inu. These expectations are detailed in these documents.

According to the documents, the cost per transaction in Shibarium will be 10,000 times cheaper than on Ethereum. In this way, Shibarium stands out as an extremely cost-effective alternative for users who want to trade in SHIB.

Besides, according to the documents, 70% of the base wage will be used to buy back and burn the Shiba Inu, which will effectively reduce its supply and increase its value. The documents reveal that Shibarium will be crucial in burning SHIB tokens, increasing their value over time. The remaining 30% will be used for network maintenance and operating costs, keeping the network running smoothly. It’s worth noting that this fee structure may change as the network progresses and evolves.

Koinfinans.com As we reported, the release of the Shibarium Documents is a major milestone for the Shiba Inu ecosystem, providing transparency and clarity about the network’s operations and future direction. With its low transaction costs and innovative fee structure, Shibarium could be a game changer for the SHIB token and the wider DeFi landscape.

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Source : the crypto basic

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