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Cryptocurrency News Articles
Shibarium, BONE, and DAMN: The Future of Shiba Inu
Mar 23, 2024 at 08:44 pm
Shibarium, BONE, and DAMN: What's Brewing?
Hey, what's the scoop on this tweet from Lucie, the marketing lead for Shiba Inu? She's hinting at something big with Shibarium, BONE, and this new "SOL killer" token called DAMN.
DAMN and BONE on Shibarium
DAMN is a new token built on Shibarium, the Layer-2 solution for Shiba Inu. It has a built-in system that burns BONE, the gas token for Shibarium. Burning BONE reduces its supply, making it a deflationary token.
Lucie's tweet suggests that something's in the works with these three elements. Could it be a new use case or integration?
Shiba Inu's Burn Spree
To support the burning effort, the Shiba Inu team has been conducting massive burns of SHIB, BONE, and LEASH tokens. This is a bullish sign for the long-term value of these assets.
Shibarium's Growing Adoption
Shibarium is gaining traction. The official Shiba Inu Twitter account recently thanked BlueBit for adopting the Layer-2 blockchain. More adoption means more utility and demand for BONE and DAMN.
SHIB Burn Rate Surges
The SHIB burn rate has skyrocketed by 110% in the past 24 hours. This means a significant number of SHIB tokens are being permanently removed from circulation, increasing their scarcity.
Conclusion
It's an exciting time for Shiba Inu and its ecosystem. The potential integration of DAMN with Shibarium and BONE could unlock new possibilities. The ongoing burns and increasing adoption are also positive signs for the long-term value of SHIB and BONE. Keep an eye on these developments as they unfold.
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