Shiba Inu

<ul><li>Shib Marketing lead explains that original SHIB tokens are locked in bridge contracts but not destroyed when bridged to Shibarium.</li><li>Burning SHIB tokens on Shibarium only affects the minted versions, not the original Ethereum-based tokens.</li><li>Lucie emphasizes the community-driven nature of the Shiba Inu project, stating there are no developer or marketing wallets for burning tokens.</li></ul>Lucie, the marketing lead for Shiba Inu, recently took to the social media platform X to demystify the token-burning process on Shibarium, Shiba Inu&#39;s layer-2 blockchain network. She provided a detailed explanation, focusing on the complexities involved in the bridging process between Ethereum, the original layer-1 blockchain, and Shibarium.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/7c3f84358d564a35a2aad195a6ce2f47.png" />According to Lucie, when users bridge their SHIB tokens to Shibarium, the original tokens get locked in a bridge contract on Ethereum. Simultaneously, a new version of the token is minted on the <a href="https://cryptotale.org/shytoshi-kusama-unleashes-bad-idea-ai-bot-to-revolutionize-shibarium-ecosystem/" rel="noopener noreferrer nofollow">Shibarium network</a>. This means that although the original SHIB tokens are effectively removed from active circulation, they are not destroyed. Instead, a corresponding version of the token comes into existence on Shibarium.Read full article <a href="https://cryptotale.org/shiba-inu-marketing-lead-unveils-the-mechanics-of-shib-token-burning/" rel="noopener noreferrer nofollow">at CryptoTale.</a>

Shiba Inu Marketing Lead Unveils the Mechanics of SHIB Token Burning

CryptoTale

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