$SHIB Shiba Inu's Shibarium to Introduce Burn Mechanism

Shibarium, the layer-2 solution, is set to launch a hard fork with a new version of Bor, the network's core component. Notably, it will introduce a burn mechanism. 

The burn mechanism will be directly linked to base transaction fees. The majority of these fees (70%) will be converted to SHIB tokens and removed from circulation. In such a way, it will be possible to decrease the total supply of SHIB tokens, thus potentially boosting the token's price. 

The remaining share of the base fees will be allocated toward ecosystem development. 

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As reported by U.Today, Shibarium completed its previous hard fork at block height 4504576 back in May. #TONonBinance #XRPVictory #MarketDownturn #BlackRockETHOptions #Babylon_Mainnet_Launch $BNB $ETH