Shiba Inu: Shibarium Burn Mechanism To Be Fully Functional From January 2024 Onwards 🐶💥

The much-awaited burn mechanism will be fully functional from January 2024 onwards. Shibarium collects fees from users to initiate transactions on the network and the amount will be utilized to burn SHIB. 70% of the base fees will be allocated to remove Shiba Inu tokens from circulation and the rest 30% will be used to maintain the network.

The network will initiate burns after it collects a total of $25,000 in total fees from users. Once, the bracket of $25,000 is achieved, the first burn process will go live. However, the number of tokens that will be sent to the dead wallet remains unknown. More details about it will be provided by the team in January next month.

In conclusion, a large number of burns will help SHIB to sustainably scale up in price over the years. The main target for investors is to reach the $0.01 milestone. However, whether burns can help make SHIB reach the target or not, only time will tell.#ShibaBurns #ShibaInvestment 💥 $