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Shiba Inu

Shiba Inu Lead Dev Latest Clarification On How SHIB Burns Work In The Shibarium Ecosystem

Godspower Owie
by Godspower Owie
1 year ago
·
Posted in Shiba Inu
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Amid the SHIB burn hassle in the cryptocurrency community, Shiba Inu Lead Developer Shytoshi Kusama has recently shed more light on how the SHIB burn works in the Shibarium ecosystem and several other pressing discussions swelling around the Shiba Inu community. 

Shytoshi Kusama Addresses Pressing Topics

On Thursday, November 2, Shytoshi Kusama was keen to confront several topics on the Shiba Inu community on the Shibarium tech Telegram Channel. These include the dev never owning a French luxury car Bugatti, Shiba Inu burns, and use cases.

In the Telegram channel, the lead dev shed more light on the Shib burns mechanism on Shibarium – the Shiba Inu Ethereum-based Layer-2 scaling solution, due to the displeasure and disappointment of the community on the sluggishness of SHIB burn rate at the moment.

Related Reading: Shiba Inu Community Ramps Up Burn, Is SHIB Ready For A Rebound?

Shytoshi emphasized the “magic burns” expectation by the community, saying that this will only occur through utility and real use cases, and without it, SHIB burns are impossible. 

“Burns will only come through utility and use. The expectation is magic burns. but without real use, there are no burns. so I focus on use…many use cases and put burns in,” Shytoshi stated.

Shiba Inu
SHIB currently traded at $0.0000077 | Source: SHIBUSDT on Tradingview.com

In addition, Shiba Inu’s marketing specialist also shared her optimism about the Shib burns. She asserted that while the burns are vital, people need to know that things have to be done in the right manner. Meanwhile, some activities including Shibarium are currently contributing significantly to the burns.

“Indeed, burns are essential, and certain Shibarium initiatives are making remarkable contributions. It’s crucial for everyone to realize that things must be done in the right manner – growth first, then burn. $Shib potential is mind-blowing but in the long term,” Lucie stated

Shiba Inu Lead Dev Never Owned A Luxury Car

On never owning a French luxury car Bugatti, the lead developer pointed out in the Telegram channel that not owning a luxury car is a choice.

According to Shytoshi, the team chose to invest the money in developing a strategic card battle game launched in 2022 by PlaySide Studio called “Shiba Eternity.“

The lead dev also added that his decision to invest in the Shiba Eternity game was due to personal sacrifices in order to promote the Shiba Inu community.

Related Reading: Shiba Inu Team Member Explains The Importance Of These Latest SHIB Updates

“There is no other way Take the game for instance my word is good but the game is STILL NEGATIVE. I COULD HAVE BOUGHT A BUGATTI but I made a game for the community. That’s the difference between me and others yet I face fud,” Shytoshi stated.

Following Shytoshi’s statement in the Telegram channel, the lead dev also hinted at crypto Fudders (FUDs), which he has been facing shots but has not responded. However, he has decided to face the Fuds this time around.

According to the dev, he does not like to pay attention to these people because they attack and drive users, investors, or collaborators away, and bring down the ecosystem rather than buttressing the community to move forward.

“So them fudders attack and this drives away users, or investors, or partners, which drives down use, basically shooting ourselves in the foot,” Shytoshi stated.

Featured image by The Cryptonomist, chart by Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Godspower Owie

Godspower Owie

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Godspower Owie is my name, and I work for the news platforms NewsBTC and Bitcoinist. I sometimes like to think of myself as an explorer since I enjoy exploring new places, learning new things, especially valuable ones, and meeting new people who have an impact on my life, no matter how small. I value my family, friends, career, and time. Really, those are most likely the most significant aspects of every person's existence. Not illusions, but dreams are what I pursue.

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