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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: The Future of Shiba Inu

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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Other articles published on Oct 31, 2024