The Shiba Inu (SHIB) team is developing an incineration portal to perform SHIB burning on every transaction in the Shibarium network.
The rise of the cryptocurrency market has brought the development moves of popular cryptocurrencies into focus. The longing for the bull market has also increased the expectations for the moves of strong projects. Shiba, one of these cryptocurrencies, continues to work to become the most valuable meme token. The approaching Shibarium network concentrated on an incineration portal to incineration of the veiled SHIB.
SHIB Burns Will Gain Speed with Shibarium
The Shiba Inu (SHIB) team is about to keep yet another promise to the community. The team is considering new ways to reduce the supply for the SHIB token.
The Shiba team had signaled that the Shibarium network would be released soon. The project, which was informed about in a blog post, also got the SHIB community excited. The main source of excitement was the team’s talk of an incineration portal.
The team, which published the article titled Introduction to Shibarium, signaled that they will carry out a covert SHIB burning as a result of Shibarium-based transactions. Explaining in the blog post, the team said, “We are keeping our word on what is often requested by the Shiba community. We confirm that all transactions on the network will have an implicit burning amount for the SHIB token.” said.
According to the announcement, an unspecified amount of SHIB will be burned for each transaction on the Shibarium network. This incineration process will continue with the integration of the incineration portal.
The popular meme token’s community has previously been instrumental in burning nearly 410 trillion tokens.
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