Shock Claim for Shibarium: “SHIB Burning Expectations Pointless!”

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shiba inu SHIB BPP, one of the leading names in the community, estimates that Shibarium will burn an average of less than 500 billion per year. BPP, in a tweet it shared, made a possible burn prediction by calculating the last 30 days’ transactions with the current price. stated.

SHIB BPP’s prediction, layer 2 protocol yet to be released shibariumIt resulted in a backlash from members of the Shiba Inu community who were expecting better numbers from . One of BPP’s followers calculated that burning just 500 billion tokens per year would take 100 years for the project to burn 5% of the total supply and 1000 years for the project to burn 50% of the token supply.

Others have assumed that the calculation of the SHIB BPP may contain an error. One of these criticisms was that Shibarium developers previously reported that they would burn 111 trillion SHIB per year.

A similar criticism was that the Shibarium network was not yet fully operational. As Koinfinans.com reported, the interest in the layer-2 solution, which is still in the testing phase, is increasing day by day. According to PuppyScan data, 13,856,413 wallets participated in transactions on the Shibarium testnet. A total of 446,449 Shibarium beta transactions have been registered so far in the same block count.

According to reports, MzeDex has participated in several new projects that have decided to build on Shibarium. All of these make up a significant part of the observed growth and adoption in the network of the upcoming Shibarium project.

While the community sees project flow as a sign of growth, the Shiba Inu team urged users to be vigilant and adopt effective DYOR before interacting with projects. Shytoshi Kusama, a team leader in the Shiba Inu community, has reportedly warned users of potential scams. According to reports, Shibarium announced that its network has yet to issue an official token.

You can follow the current price action here.


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