Will Shibarium Burn 100 Trillion Tokens? – Shiba Inu Responding is Shytoshi.
The future Shibarium layer-2 solution was discussed in a Q&A session led by ShibaSwap’s primary developer, Shytoshi Kusama, on the Shiba Inu Discord channel. A user questioned Shytoshi if Shibarium will burn 100 trillion SHIB tokens annually throughout the discussion. The person claimed to have overheard YouTube stars discussing Shibarium’s yearly burning of billions of SHIB tokens. If it is true, he requested Shytoshi to publicly affirm it.
Without falling short, the main developer answered the user’s question on Shibarium’s use case.
Is it conceivable for Shibarium to burn more than 100 trillion coins annually? the user inquired. I read about it on YouTube user comments. Although it has already been mentioned, could you please confirm?
Other L2 solutions, in response, don’t instantly burn the whole supply of their individual tokens, according to Shytoshi. You’ll need to perform the necessary calculations. Take a look at the other L2s’ volume. Only a little portion burnt, growing. Low on my list of priorities. Higher still is actually finishing it and discovering several use cases.
In other words, rather than only burning tokens, Shytoshi implied that Shibarium may discover a variety of use cases that would sustainably expand SHIB’s price. Shibarium will therefore have a stronger chance of hitting promising possibilities in the indexes the more use cases it receives.
Shiba Inu has a number of upcoming releases that might steadily drive its price upward. The new innovations comprise:
Solution for layer-2 shibarium
mobile game ShibaEternity
The Metaverse, or SHIB
Each advancement contributes to the development of SHIB and helps it gain commercial traction. Shiba Inu may become a fully-fledged dynamic ecosystem offering everything under the sun once all the items are released.
Shiba Inu is up 1.2% in the day’s trading as of the time of publication, when it was trading at $0.00001113. The dog-themed token has decreased by 87.1% from reaching its all-time high in November 2021 of $0.00008616.