News
Shibarium Team Burns 100 Million SHIB, A New BONE Update
Shiba Inu proponents continuously burn SHIB tokens by sending the tokens to addresses that do not allow any extraction.
The Shibarium is making remarkable progress and reaching exclusive records. Simultaneously, Shiba Inu proponents continuously burn SHIB tokens by sending the tokens to addresses that do not allow any extraction. At present, the burning of over a hundred million SHIB tokens has taken place. This development is optimistic for SHIB enthusiasts.
Shibarium Team Releases Unique BONE Update and Proponents Burn More than 100M SHIB Tokens
In this respect, Kaal Dhairya (a SHIB developer) has shared some details. The respective details include the strategy of the team to reject the BONE contract. Shibburn Explorer is responsible for sharing statistics on the SHIB burns every hour. It has disclosed the news regarding the transaction of blockchain wallets that are unspendable.
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This development reportedly took place in the recent twenty-four hours. At the moment, the eagerness of the SHIB community has contributed a lot in this respect. As a result of this, the elimination of cumulative 111,051,432 tokens from circulation has taken place. This elevated the burn rate by up to 251.30%.
A couple of the biggest transfers accounted for 10,844,851 SHIB and 34,469,159 SHIB tokens. This plays the role of the peak level at which the burn rate of SHIB has reached during this week. In the recent couple of days, the token witnessed a rise of up to sixty-two percent and twelve percent. Shibburn’s statistics pointed out this earlier.
SHIB Developer Assures the Community that the Team Will Ensure Zero Losses Before Taking New Steps
A prominent SHIB developer called Kaal Dhairya recently shared a blog post, informing the community about further steps. As per the developer, the SHIB team has a strategy to renounce its BONE contract. Dhairya added that the respective steps require some time. The developer also mentioned that the team will test everything thoroughly before any practical steps. This would enable them to avoid any potential losses.
New update by @kaaldhairya on https://t.co/w1VJ3NXEJ5
— 𝐋𝐔𝐂𝐈𝐄 | ✨Shibarium✨ (@LucieSHIB) September 16, 2023
simplify for noobs:
1. $BONE Token was designed to protect investors and avoid human interference.
2. They added a Timelock controlled by a group.
3. It's complex to mint out BONE and renounce contract ownership.
4. There's… pic.twitter.com/Ml3WLKNTOk
