Shytoshi Kusama's clarification focuses on breaking the simplistic understanding within the community regarding SHIB's success, emphasizing that while token burning is important, it is not a decisive factor. His response mainly conveys the following meanings:
1. Token burning is not the only success factor
Although burning SHIB can reduce circulating supply and theoretically increase token scarcity, Kusama believes that SHIB's success relies more on multidimensional strategic layouts. He cites SHIB's performance of a 192% increase in 2023 as an example, indicating that even with limited burning efforts, the project still achieved significant growth, demonstrating that market value is not solely driven by burning operations.
2. Diversified growth strategies
Kusama emphasizes that the expansion of SHIB's ecosystem includes:
Shibarium blockchain: Facilitated the burning of billions of SHIB and functional transactions.
Enhanced practicality: Develop more practical application scenarios to strengthen SHIB's intrinsic value.
Strategic cooperation: Collaborate with companies in different fields to expand SHIB's user base and market influence.
He compares SHIB's growth to McDonald's success, which does not rely on a single product, but achieves substantial growth through marketing, site selection, and comprehensive strategies.
3. Long-term community engagement
Kusama urges the community not to overly focus on burning actions, but to pay attention to supporting ecosystem building and governance improvement. He believes that only by developing sustainable revenue sources and attracting more users can a solid foundation be provided for token value and burning actions.
4. The results and potential of burning actions
Although the burning actions are only a part of SHIB's strategy, they do play a role in the ecosystem. For example:
Since the launch of Shibarium, over 56 billion SHIB have been burned.
The total amount burned since the project's inception has reached 410.74 trillion SHIB.
Kusama emphasizes that the burning actions will continue to play a role in the improvement of the SHIB ecosystem, but should not be the sole focus.
Insights from the market and community
This discussion indicates that investors and supporters need to look at SHIB's development potential more comprehensively, including focusing on the actual utility of the ecosystem and diversification strategies, rather than merely relying on burning to drive price increases. The development of Shibarium and future cooperation plans will continue to bring potential value to SHIB.
This viewpoint has sparked widespread discussion in the cryptocurrency field, indicating that SHIB is not just a speculative product, but gradually enhancing its market position through ecosystem expansion.