Kusama

Shiba Inu

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<p dir="ltr">Shytoshi Kusama, the Shiba Inu project's lead,&nbsp;<a href="https://twitter.com/LucieSHIB/status/1698770708522774923" rel="noopener noreferrer nofollow">recently addressed</a> questions about the platform's focus on "burning" tokens—essentially destroying a portion of them to reduce supply and potentially increase value.&nbsp;</p> 
<p dir="ltr">According to Shytoshi,&nbsp;<a href="https://u.today/shiba-inu-burn-rate-skyrockets-by-500-as-more-than-half-billion-shib-burned" rel="noopener noreferrer nofollow">burns</a> have their place, the true key to success is greater adoption of the Shibarium chain, which operates on Kusama's network.&nbsp;</p> 
<p dir="ltr">A "burn portal" is reportedly in the works, aimed at facilitating these operations in a user-friendly manner.</p> 
<h2 dir="ltr" id="beyond-token-burns">Beyond token burns</h2> 
<p dir="ltr">According to the docs that were&nbsp;<a href="https://u.today/shibarium-beta-releases-public-documentation-heres-what-you-need-to-know" rel="noopener noreferrer nofollow">released back in March</a>, Shibarium's new portal would allow users to initiate a token "burn" process when making transactions, with 70% of the base fee being burned and 30% allocated for network maintenance. The burn process begins once $25,000 worth of BONE tokens accumulate in a dedicated contract, ultimately removing SHIB tokens from circulation and contributing to the token's deflationary mechanics.</p> 
<p dir="ltr">However,&nbsp;<a href="https://u.today/shiba-inu-lead-shytoshi-kusama-teases-major-shibarium-milestone" rel="noopener noreferrer nofollow">Kusama</a> emphasizes that the focus should not solely be on token burns. In his view, the real growth potential lies in building projects on the&nbsp;<a href="https://u.today/shibarium-surpasses-1-million-wallets-as-millions-of-shib-go-up-in-flames" rel="noopener noreferrer nofollow">Shibarium</a> chain, thus increasing its adoption. This perspective resonates with the wider crypto community, as adoption is often cited as a critical factor for any cryptocurrency's long-term success.&nbsp;</p> 
<h2 dir="ltr" id="adoption-milestones">Adoption milestones</h2> 
<p dir="ltr">Meanwhile, Shibarium platform recently&nbsp;<a href="https://twitter.com/ShibSpain/status/1698767350583923014" rel="noopener noreferrer nofollow">surpassed</a> significant milestones—achieving over one million transactions and accumulating more than 1.1 million wallet addresses. These figures indicate robust activity on the platform, which suffered a rocky start.&nbsp;</p>

Shiba Inu's Kusama Picks Adoption Over Burns

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