Burn

Kusama

Portal

Shiba Inu

<div class="coingape"> 
 <h2 id="strong-burn-portal-development-confirmed-strong"><strong>Burn Portal Development Confirmed</strong></h2> 
 <p><span style="font-weight: 400">As </span><span style="font-weight: 400">shared</span><span style="font-weight: 400"> by Lucie, the Marketing Strategist of the Shiba Inu ecosystem, lead developer Shytoshi Kusama has confirmed that the Burn Portal for the Shibarium protocol is currently under development.&nbsp;</span></p>  
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  <p lang="en" dir="ltr">So to <a rel="noopener noreferrer nofollow" title="confirm" href="https://thebittimes.com/tag/confirm.html">confirm</a> that ADOPTION is the right way🌝$SHIB Burns x Shytoshi answered pic.twitter.com/BizkLZ0V83</p> 
  <p>— 𝐋𝐔𝐂𝐈𝐄 | Summer of <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> (@LucieSHIB) September 4, 2023</p> 
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 <p><span style="font-weight: 400">As contained in a screenshot shared by Lucie, Kusama <a rel="noopener noreferrer nofollow" title="confirm" href="https://thebittimes.com/tag/confirm.html">confirm</a>ed the developmental efforts as a response to a question posed on Telegram by a community member regarding the burn <a rel="noopener noreferrer nofollow" title="portal" href="https://thebittimes.com/tag/portal.html">portal</a>. Burning tokens is an integral part of the Shiba Inu protocol through which SHIB tokens are being consistently burnt per reports by Coingape.</span></p> 
 <p><span style="font-weight: 400">Despite the burn portal that is underway, the Shibarium team lead insinuated that he places more premium on boosting adoption rather than focusing on token burning. He noted that while the burn development is important, he noted that the end goal for the whole ecosystem is to increase adoption and the usage of the Shibarium protocol.</span></p> 
 <p><span style="font-weight: 400">Kusama’s position is understandable, seeing the fact that both adoption and token burning serve the same goals, but in different ways. The goal is to guarantee a robust circulation of the protocol’s associated token as well as reduce the overall supply of SHIB in a bid to bolster its inherent value in the long run.</span></p>  
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 <p><span style="font-weight: 400">This is another important trend that might bolster interest from investors and users in the Shiba Inu ecosystem.</span></p> 
 <h2 id="strong-shibarium-updates-in-view-strong"><strong>Shibarium Updates in View</strong></h2> 
 <p><span style="font-weight: 400">Notably, the Shibarium protocol is making the most of the second chance granted to it after its first failed launch back in August. Since the protocol </span><span style="font-weight: 400">has been scaled</span><span style="font-weight: 400">, additional plans to bolster its functionality have been teased by the team across the board.</span></p> 
 <p><span style="font-weight: 400">Some of these </span><span style="font-weight: 400">updates</span><span style="font-weight: 400"> include the plans to onboard additional validators that can help secure the ecosystem as well as the plans to revoke the contract address of the scaling solution’s native token Bone Shibaswap (BONE).</span></p> 
 <p><span style="font-weight: 400">With the burn <a rel="noopener noreferrer nofollow" title="portal" href="https://thebittimes.com/tag/portal.html">portal</a> underway, there is a likelihood it will complement the entirety of innovations making its way to <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a>.</span></p> 
</div>  
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shiba-inu-lead-developer-has-confirmed-burn-portal-is-in-the-works-tbt61514.html">https://thebittimes.com/shiba-inu-lead-developer-has-confirmed-burn-portal-is-in-the-works-tbt61514.html</a></p>

Shiba Inu lead developer has confirmed burn portal is in the works

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