Shiba

2024

Uniswap

Shiba Inu

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  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
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<p lang="en-GB" xml:lang="en-GB">In a recently published tweet, Shiba Inu’s official marketing lead Lucie spread the word about the plans of the SHIB team to conduct <a href="https://u.today/shib-burns-skyrocket-4240-after-new-burn-era-kicked-off" rel="noopener noreferrer nofollow">burns of not only SHIB</a> but also of the other major tokens which are being used on Shibarium (including two new ones which have not been launched yet).</p>
<p lang="en-GB" xml:lang="en-GB">All this will be possible thanks to the new Sheboshis NFT collection.</p>
<h2 id="plans-to-burn-shibarium-tokens">Plans to burn Shibarium tokens</h2>
<p lang="en-GB" xml:lang="en-GB">Lucie announced that the team plans to use the revenues from selling the new NFT collection Sheboshis for burning Shibarium native tokens – SHIB, BONE and the others too.</p>
<p lang="en-GB" xml:lang="en-GB">Those Sheboshis that will not be claimed by the holders of Shiboshis, will be sent to Uniswap to be sold. All the revenue from those sales will be utilized by the SHIB team to burn tokens – 10% of the revenue.</p>
<p lang="en-GB" xml:lang="en-GB">6% of the funds will be used for burning SHIB, 1% for burning BONE, 1% for burning LEASH. They will also set aside 1% of funds to burn TREAT and SHI in the future, when these tokens are launched.</p>
<blockquote>
 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Sheboshis?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Sheboshis</a> are dedicated to the entire ecosystem! Whatever is not claimed by <a href="https://twitter.com/hashtag/Shiboshis?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Shiboshis</a> will be offered to the public.What are we doing with the proceeds? We aren’t focusing this drop on making funds, and instead would love ALL the NFTs to be claimed. But in case some are… <a href="https://t.co/yNFI3OC77Q" rel="noopener noreferrer nofollow">pic.twitter.com/yNFI3OC77Q</a></p>— 𝐋𝐔𝐂𝐈𝐄 | Shibarium ⛓️ (@LucieSHIB) <a href="https://twitter.com/LucieSHIB/status/1758838111356735583?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 17, 2024</a>
</blockquote>
<p lang="en-GB" xml:lang="en-GB">As reported by U.Today earlier, the lead developer of Shiba Inu, <a href="https://u.today/shytoshi-kusama-announces-plan-for-global-shib-adoption-hold-tight" rel="noopener noreferrer nofollow">Shytoshi Kusama</a>, objected to the suggestion of the SHIB community to burn BONE using gas fees collected on Shibarium. This time, the decision to send not only SHIB to the unspendable wallets has been verified by the whole team and Kusama as well, since all the decisions within the team are made under his leadership.</p>
<h2 id="here-s-where-the-remaining-50-will-go">Here's where the remaining 50% will go</h2>
<p lang="en-GB" xml:lang="en-GB">The team plans to set aside as much as 50% of the sellout proceeds, according to the tweet. The rest of it will be used for non-profits (10%), for the Foundation (15%) and 15% will go to the SHIB team.</p>
<p lang="en-GB" xml:lang="en-GB">The other 50%, Lucie stated, “will go towards the expenses and treasury.” This will help the team to complete “the perpetually autonomous and fully decentralized “Network State”, which is described in the Shib Paper.</p>

SHIB Team Plans to Burn BONE and All Other Top Shibarium Tokens: Details

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