🐕 What to Expect from the Year-End Surprise of Shiba Inu?
🔥 For the uninitiated, burning is a deflationary process that permanently removes cryptocurrency tokens from circulation. Initially designed to boost demand for the asset and increase its market value, burning is now one of the most discussed topics in the crypto space.
🔄 In the case of Shiba Inu, the burning process occurs in two ways—manual and automatic. The manual mode involves users sending tokens to a burning address in exchange for rewards.
🤖 On the other hand, the automatic mechanism is linked to the recently launched second-layer blockchain of the Shibarium ecosystem, where each transaction leads to the removal of some SHIB from circulation.
🌐 In simpler terms, the more the network is used, the more tokens will be burned.
🌍 Kusama, one of the creators of Shibarium, emphasized the importance of global adoption to achieve "impressive burns."
💡 While acknowledging increased adoption in 2023, Web3 revolutionaries will need to exert much more effort to make the Shiba Inu ecosystem a global attraction.
🚀 He also discussed the need for Shiba Inu to transition from memes to global Web3 technology capable of addressing contemporary issues.
🔥 Immediate Impact Seen
Interestingly, the rate of SHIB burning has sharply increased over the last 24 hours, as noted by AMBCrypto, using Shibburn data. Over 8 billion tokens were burned, resulting in an unreal growth rate of 727,870.14%.
🌟 Revolutionary Announcement on the Horizon?
Shitoshi Kusama recently stirred excitement among community members, teasing about the "year-end surprise." Since then, the Shiba Inu army has been endlessly discussing the nature of the announcement in social circles.
📈 Furthermore, after this teaser, the number of transactions on the Shibarium network has sharply increased. According to data obtained by AMBCrypto using Shibariumscan, around 7.85 million transactions were recorded on December 15, an 8% increase compared to the previous day.
