Shiba Inu Unveils Burn Portal as Part of Billion-Dollar SHIB Project, Driving Asset Value and Accelerating Ecosystem Progress
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Shiba Inu Unveils Burn Portal as Part of Billion-Dollar SHIB Project, Driving Asset Value and Accelerating Ecosystem Progress

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1 year ago

PawZone, a new meme token on the Shiba Inu ecosystem, plans to launch a burn portal that rewards users who burn their PAW and SHIB tokens. Marcie Jastrow, the Shiba Inu metaverse advisor, is attending the Consensus2023 crypto conference to represent the Shiba Inu community. PawZo...

Shiba Inu Unveils Burn Portal as Part of Billion-Dollar SHIB Project, Driving Asset Value and Accelerating Ecosystem Progress

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    • PawZone, a new meme token on the Shiba Inu ecosystem, plans to launch a burn portal that rewards users who burn their PAW and SHIB tokens.
    • Marcie Jastrow, the Shiba Inu metaverse advisor, is attending the Consensus2023 crypto conference to represent the Shiba Inu community.

PawZone’s Burn Portal:

PawZone plans to launch a burn portal that enables users to burn their crypto assets for rewards. Burning in crypto means permanently destroying tokens in circulation to decrease the total supply of the virtual asset in hopes of improving its value. The burn portal will compensate users who burn their PAW and SHIB tokens through raffle giveaways, top burners log, and other exclusive events.

While it is unclear when the project plans to introduce its burns, users are excited about the new development.

Shiba Inu Metaverse Advisor at Consensus2023 Conference

Marcie Jastrow, the Shiba Inu metaverse advisor, is attending the Consensus2023 crypto conference to represent the Shiba Inu community. The Web 3 event, organized and sponsored by Coindesk, is currently held in Austin, Texas, and will see more than 20,000 attendees across 112 countries from different geographic regions, meeting to discuss various aspects of the emerging economy. With Jastrow at the event representing the interests of the Shiba Inu digital universe, the project is set to receive more awareness.

PawZone Developments

Aside from the PAW burn, PawZone plans to roll out a non-fungible token (NFT) marketplace dubbed Pawzaar dedicated to the Shiba Inu ecosystem. The project also intends to introduce a play-to-earn (P2E) gaming guild for the Shiba Inu community. PawZone plans to debut on the Shabarium ecosystem, a layer-2 solution built on the Ethereum protocol for Shiba Inu upon launch.
PawZone’s token, PAW, which serves as a governance token for the protocol, is currently traded on ShibaSwap. Pawzone reached a significant milestone shortly after its official launch in March with a market capitalization of $30 million and a locked liquidity of over $3 million.
In summary, PawZone is making significant strides in the Shiba Inu ecosystem with the launch of a burn portal and plans to roll out a non-fungible token (NFT) marketplace and a play-to-earn (P2E) gaming guild. With Marcie Jastrow, the Shiba Inu metaverse advisor, representing the community at the Consensus2023 crypto conference, the project is set to receive more awareness.
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