- Lucie from the Shiba Inu team addresses a pressing question: the need for a shift from exchanges to Shibarium for an effective SHIB burn.
- The SHIB burn mechanism is transaction-based, emphasizing collective community involvement over developer actions.
Burns in Focus: Shibarium’s SHIB Strategy
Lucie, Shiba Inu’s content marketing specialist, recently made waves in the SHIB community with a clarifying message. With enthusiasts constantly questioning the SHIB burn via Shibarium, Lucie illuminated the actual mechanics, stressing the decentralized nature of the burn process.
When will Shibarium initiate the SHIB burn?"
Wrong question ☓
The real question is, "When will you all migrate from exchanges and start using Shibarium?" (hello DEFI, remember bankrupted exchanges like FTX)
The burns are set per transaction, not based on tweets about burns.…
— 𝐋𝐔𝐂𝐈𝐄 | ✨Shibarium✨ (@LucieSHIB) September 18, 2023
Instead of awaiting arbitrary burns, she proposed a pertinent question:
“When will you all migrate from exchanges and start using Shibarium?”
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By doing so, she is not only highlighting an action plan but also encouraging the community to grasp its collective power.
The Mechanics of SHIB Burns
Drawing attention to the token burn euphoria, Lucie pointed out an overlooked factor. SHIB burns on the Shibarium platform depend solely on transaction numbers and have no connection to external discussions or tweets about them. Emphasizing community-driven dynamics, she elucidated that each transaction on Shibarium contributes to the burn, reinforcing that it’s the community’s cumulative effort that fuels the process, not developer-driven initiatives.
By actively engaging on Shibarium, Shiba Inu aficionados can substantially increase the SHIB token burns. Lucie further showcased the potential power of the community, urging SHIB holders to rally together, implying that the sheer number of enthusiasts could drive significant burns.
However, a word of caution followed. Lucie highlighted that while fees on Shibarium are currently minimal, an uptick in traffic could see them rise.
Shibarium’s Secure Ecosystem
Beyond burns, Lucie drew attention to the security robustness of Shibarium. Contrary to exchanges, assets on Shibarium are shielded with formidable safety protocols. Shedding light on the risks of centralized crypto exchanges, Lucie referenced the unfortunate downfall of FTX, once a titan in the exchange arena.
Her message came with a persuasive undertone: for SHIB holders to rethink their storage strategy, considering the inherent risks of exchanges.
Concluding her appeal, Lucie reached out to the renowned NFT marketplace, Opensea, proposing a potential integration with Shibarium – a move that could further cement Shibarium’s position in the blockchain ecosystem.
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