This Meme: Historical Burning of Coin: 8.24 Billion Removed from Circulation at Once!

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The Shiba Inu (SHIB) team, which is rapidly making a name for itself in the cryptocurrency field, once again attracted attention with a magnificent burning event they carried out in Shibarium, one of their original projects. While this latest cremation created excitement among the Shiba Inu community and crypto enthusiasts, it also offered an important example of how Shiba Inu shape their projects with a long-term perspective. Here are the details…

Shiba Inu (SHIB) came to the fore with an important cremation process carried out through platforms called Shibarium.

Within the scope of the burning event, a total of 8,241,856,589 (8.24 billion) SHIB was sent to the dead wallet. This transaction was recorded as one of the largest burns ever carried out, removing $75,412 worth of meme coins from circulation in a single transaction. This was a bold step by Shiba Inu to support their project and grow with the community.

Shibarium Tech Telegram group manager Vet Kusama shared this important success achieved by the Shiba Inu team with the crypto community and revealed details about the cremation process.

SHIB marketing manager Lucie commented on the development, saying the team was always busy working. comment made.

This move comes shortly after Shibarium, the Layer-2 blockchain of the Shiba Inu ecosystem, reached a new milestone by processing more than 34 million transactions. Latest data from Shibariumscan.io reveals that the total number of transactions reached 34,950,933 (34.95 million).

This cremation process was implemented as a result of the commitments previously stated by the Shiba Inu team. According to the information contained in the Shibarium document, some of the network fees will be used to burn SHIB tokens.

Koinfinans.com As we reported, it is important to note that Shibarium is a private platform owned by the meme coin team. This platform aims to offer exclusive benefits to the Shiba Inu community. According to the document, 70% of the network fees collected on Shibarium will be allocated for the purpose of buying back and burning SHIB tokens. This is a strategy aimed at increasing the sustainability of the project and interaction with the community.

Lucie, Shiba Inu’s marketing manager, has previously stated that Shibarium is considering SHIB as a long-term effort and expects the first burn to occur within eight to twelve months of launch. However, thanks to the quick and effective work of the Shiba Inu team, this important step was taken earlier than expected. Lucie also called on the Shiba Inu community to move their assets to Shibarium, emphasizing that increased activity on the platform will contribute to an increased burn rate.

This massive cremation event highlights the Shiba Inu’s dedication to his team’s projects and his vision to grow with his community. The Shiba Inu community believes that this cremation process contributes to the ecosystem of the project and looks forward to the future success of Shiba Inu. Experts now predict that Shibarium could have a revolutionary impact on the Shiba Inu burn rate, with the potential to burn 5 to 20 trillion tokens per month.

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Source : the crypto basic


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