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Shiba Inu

Shiba Inu content marketer recently elaborated on the potential of Shibarium in increasing the burn rate of SHIB tokens, garnering widespread interest. 
Lucie, the esteemed content marketer for Shiba Inu, recently took to Twitter to shed light on&nbsp; <a class="editor-rtfLink" href="https://thecryptobasic.com/2023/06/14/heres-how-shibarium-could-affect-shiba-inu-price/" target="_blank" rel="noopener">the game-changing impact of Shibarium </a> in driving the burning of SHIB tokens. The tweet garnered 57.5k engagements, reflecting the community’s interest in the innovative feature. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHIB</a> <a href="https://twitter.com/hashtag/Shibarium?src=hash&amp;ref_src=twsrc%5Etfw">#Shibarium</a> <a href="https://twitter.com/hashtag/Shibarium?src=hash&amp;ref_src=twsrc%5Etfw">#Shibarium</a> <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHIB</a> <a href="https://t.co/uhqvwDWgdW">pic.twitter.com/uhqvwDWgdW</a> 
 <a href="https://twitter.com/LucieSHIB/status/1674738006463328259?ref_src=twsrc%5Etfw">June 30, 2023</a> 
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
In her tweet, Lucie underscored that&nbsp; <a class="editor-rtfLink" href="https://thecryptobasic.com/2023/06/22/shiba-inu-leader-says-he-is-not-playing-around-confirms-shibarium-is-near-completion/" target="_blank" rel="noopener">Shibarium </a>, the innovative Layer 2 protocol, will significantly reduce the supply of SHIB tokens through its revolutionary burning mechanism.&nbsp; 
<h2 id="span-data-preserver-spaces-true-how-shibarium-works-span">How Shibarium Works </h2>
As users engage in transactions on the network,&nbsp; <a class="editor-rtfLink" href="https://thecryptobasic.com/2023/03/25/shibarium-to-use-70-of-every-base-transaction-fee-to-burn-shiba-inu/" target="_blank" rel="noopener">the base fee </a>&nbsp;is locked within a Shibarium contract. In contrast, the priority fee is allocated to validators. The base fee undergoes a division process, with 70% used to burn SHIB, while the remaining 30% is set aside to ensure network maintenance. 
The fees are collected and piled up in BONE. To trigger the actual burn process, the accumulated BONE tokens residing in the burn contract come into play. These BONE tokens are exchanged for SHIB tokens, fueling the burn process and reducing the overall supply.&nbsp; ...
<a href="https://thecryptobasic.com/2023/07/01/5t-monthly-burns-projected-as-shiba-inu-team-unveils-how-shibarium-will-increase-shib-burns/">Read more</a>

5T Monthly Burns Projected as Shiba Inu Team Unveils How Shibarium Will Increase SHIB Burns

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TheCryptoBasic

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