Shiba

Ethereum

Burn

2024

Shiba Inu

<div class="watcher-guru">
 <p>The Shiba Inu team confirmed in the latest blog that burning SHIB tokens manually will come to a halt this month. The team mentioned that the <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> layer-2 network will soon begin to burn SHIB tokens automatically from January 2024. <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> will transition to automation and will be programmed to burn tokens automatically putting an end to manual burns.</p>
 <p><strong>Also Read: Shiba Inu, Bitcoin &amp; Ethereum: 3 Boldest Price Predictions For 2024</strong></p>
 <p>The development will aid Shiba Inu to start reducing its circulating supply and help the token to remain scarce. <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> will automatically burn SHIB tokens after it collects a total of $25,000 in total fees from users. This could make SHIB sustainably scale up in the indices and reach new numbers in the charts.</p>
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 <h2 class="wp-block-heading" id="h-shiba-inu-how-does-shibarium-automation-works-to-burn-shib-explained">Shiba Inu: How Does Shibarium ‘Automation’ Works To Burn SHIB? Explained</h2>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="802" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="Shiba Inu SHIB Shibarium" class="wp-image-100024 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2024/01/03/ae3449c4db61022fa0157b82a88b7d34.webp" data-src-webp="https://cdn.thebittimes.com/images/2024/01/03/ae3449c4db61022fa0157b82a88b7d34.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2024/01/03/ae3449c4db61022fa0157b82a88b7d34.webp.webp 1024w, https://cdn.thebittimes.com/images/2024/01/03/ae3449c4db61022fa0157b82a88b7d34.webp.webp 300w, https://cdn.thebittimes.com/images/2024/01/03/ae3449c4db61022fa0157b82a88b7d34.webp.webp 768w, https://cdn.thebittimes.com/images/2024/01/03/ae3449c4db61022fa0157b82a88b7d34.webp.webp 380w, https://cdn.thebittimes.com/images/2024/01/03/ae3449c4db61022fa0157b82a88b7d34.webp.webp 550w, https://cdn.thebittimes.com/images/2024/01/03/ae3449c4db61022fa0157b82a88b7d34.webp.webp 800w, https://cdn.thebittimes.com/images/2024/01/03/ae3449c4db61022fa0157b82a88b7d34.webp.webp 1040w" data-srcset-img="https://cdn.thebittimes.com/images/2024/01/03/ae3449c4db61022fa0157b82a88b7d34.webp 1024w, https://cdn.thebittimes.com/images/2024/01/03/ae3449c4db61022fa0157b82a88b7d34.webp 300w, https://cdn.thebittimes.com/images/2024/01/03/ae3449c4db61022fa0157b82a88b7d34.webp 768w, https://cdn.thebittimes.com/images/2024/01/03/ae3449c4db61022fa0157b82a88b7d34.webp 380w, https://cdn.thebittimes.com/images/2024/01/03/ae3449c4db61022fa0157b82a88b7d34.webp 550w, https://cdn.thebittimes.com/images/2024/01/03/ae3449c4db61022fa0157b82a88b7d34.webp 800w, https://cdn.thebittimes.com/images/2024/01/03/ae3449c4db61022fa0157b82a88b7d34.webp 1040w" data-eio="j">
  <noscript><img decoding="async" width="1024" height="802" src="https://cdn.thebittimes.com/images/2024/01/03/ae3449c4db61022fa0157b82a88b7d34.webp" alt="Shiba Inu SHIB Shibarium" class="wp-image-100024" srcset="https://cdn.thebittimes.com/images/2024/01/03/ae3449c4db61022fa0157b82a88b7d34.webp 1024w, https://cdn.thebittimes.com/images/2024/01/03/ae3449c4db61022fa0157b82a88b7d34.webp 300w, https://cdn.thebittimes.com/images/2024/01/03/ae3449c4db61022fa0157b82a88b7d34.webp 768w, https://cdn.thebittimes.com/images/2024/01/03/ae3449c4db61022fa0157b82a88b7d34.webp 380w, https://cdn.thebittimes.com/images/2024/01/03/ae3449c4db61022fa0157b82a88b7d34.webp 550w, https://cdn.thebittimes.com/images/2024/01/03/ae3449c4db61022fa0157b82a88b7d34.webp 800w, https://cdn.thebittimes.com/images/2024/01/03/ae3449c4db61022fa0157b82a88b7d34.webp 1040w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: thecoinrepublic.com
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 <p><a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> charges fees from users to initiate transactions on the network and the amount will be used to burn SHIB. 70% of the base fees will be allotted to burn Shiba Inu tokens on <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a>.</p>
 <p><strong>Also Read: Shiba Inu: Can SHIB Reach $0.01 in 2024?</strong></p>
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 <p>The rest 30% of the fees allocated will be used to maintain the layer-2 network’s functionality. Therefore, the <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> network works on a 70% – 30% ratio. While 70% of the fees will be utilized to burn SHIB, 30% will be used to maintain the network.</p>
 <p>However, the first burns are yet to begin, therefore the number of SHIB tokens that will be sent to the dead wallet remains unknown. Shiba Inu needs to reduce its circulating supply considerably to reach the $0.01 milestone in the future. If <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> fails to burn trillions of tokens each year, then reaching $0.01 will remain to be a distant dream.</p>
 <p><strong>Also Read: Shiba Inu: How High Can SHIB Surge in January 2024?</strong></p>
 <p>At press time, Ethereum was trading at $0.00000955 and is down close to 12% in the 24-hours day trade. SHIB is down nearly 89% from its all-time high of $0.00008616, which it reached in October 2021.</p>
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<div class="cs-entry__tags">
 <ul>
  <li>shib</li>
  <li>shiba inu</li>
  <li>Shibarium</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shiba-inu-shibarium-to-automatically-burn-shib-from-january-2024-tbt75462.html">https://thebittimes.com/shiba-inu-shibarium-to-automatically-burn-shib-from-january-2024-tbt75462.html</a></p>

Shiba Inu: Shibarium To ‘Automatically’ Burn SHIB From January 2024

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