- Lucie, a Shiba Inu team member, recently elucidated the mechanics behind Shiba Inu token burns via Shibarium.
- The marketing specialist underscored that token burns depend on active community engagement and transactions.
- Lucie strongly advocates using Shibarium instead of centralized exchanges for its security and token-burning capabilities.
Lucie, a prominent Shiba Inu team member, clarified the complex subject of Token Burns in the Shiba Inu ecosystem. She emphasized that token burns are predicated on transactional activity on Shibarium, Shiba Inu’s Layer 2 blockchain. This contradicts the commonly held belief that token burns would be initiated by mere social media buzz.
Directly addressing the community, Lucie iterated that real engagement, not just trading on exchanges, is the driving force for meaningful token burns. She encouraged the SHIB holders to shift their focus from centralized exchanges to Shibarium, assuring them that the blockchain is a secure platform for their assets.
Citing the collapse of FTX as an example, she argued that centralized crypto exchanges are fragile and prone to failure. Lucie praised Shibarium’s scalability and sustainability features, stating that it was built as an alternative to such centralized platforms.
She urged the community to support Shibarium, indicating that increased usage will contribute to more significant token burns while maintaining relatively low transaction fees.
Shiba Inu is on a trajectory of innovation and community engagement. With Shibarium as its backbone, the cryptocurrency has a promising future in the world of decentralized finance. This is just the beginning, as Shiba Inu strives for broader adoption and financial disruption.
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