$SHIB
Shibarium Will Start 'Burning' SHIB Tokens, Confirms Team.
Great news for shiba investors
The Shiba Inu team confirmed in the latest blog that Shibarium will soon begin to 'burn' SHIB tokens.
The announcement revealed that the Shibarium layer-2 network will introduce a new era of 'burning' SHIB tokens. Shibarium enables users to initiate transactions on the network making users to transfer value and interact with decentralized applications (dApps). A total of 35 million transactions have already been initiated on the Shiba Inu's Shibarium network since its release in August this year.
Shiba Inu: Shibarium To Finally 'Burn' SHIB
Tokens, Reveals Team
Shibarium would allocate 70% of the base fees that were initiated on the network to burn SHIB tokens. The rest 30% of the fees will be used to maintain and run the network. The network will collect the fees in Shibarium's gas and governance token Bone. The Bone token will make changes.
