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⁉️⁉️⁉️⁉️⁉️Quick Poll 💬💬💬💬
Topic: Automated Trading Tools 🤖📈
I am super curious about your journey with automated trading.
🔍 Are you using any automation tools for your crypto trades? If yes, how’s it going? Are you finding them successful?
Drop a comment below and let's chat about it! 👇 Your insights are gold! 🌟
#automated #trading #tool #money #help
Topic: Automated Trading Tools 🤖📈
I am super curious about your journey with automated trading.
🔍 Are you using any automation tools for your crypto trades? If yes, how’s it going? Are you finding them successful?
Drop a comment below and let's chat about it! 👇 Your insights are gold! 🌟
#automated #trading #tool #money #help
#SHIBA INU TEAM BEGINS TESTING OF AUTOMATED #SHIB TOKEN BURN MECHANISM
The Shiba Inu ecosystem team member known as RagnarShib has provided a crucial update on the ongoing development of Shibarium’s automated SHIB token-burning mechanism. The team is making significant strides in refining and testing the burn portal, a feature eagerly anticipated by the SHIB community.
In a recent tweet, RagnarShib announced that the testing phase for the Shibarium burn mechanism has officially begun. The deployment of the burn mechanism took place last month on Puppynet, the testnet version of the Layer 2 (L2) scaling solution. This development marks a significant step forward in the project’s progress.
Clarification on deployment timeline
RagnarShib’s message was prompted by some members of the SHIB community, who had high expectations of the burn portal launching on the mainnet in January. This led to expressions of frustration on various social media platforms.
In response, #RagnarShib clarified that there was a misunderstanding regarding the deployment timeline. He referred to The Shib Magazine, a Shiba Inu bi-weekly journal, which explicitly stated that the burn mechanism would be deployed on Puppynet for testing purposes in January. The magazine stated, “Starting in January, the mechanism will evolve into an automated system on Puppynet for testing purposes.”
The initial deployment phase on Puppynet is crucial for refining the solution, ensuring efficiency, and enhancing its reliability before it eventually transitions to the mainnet.
The Shibarium team has been manually burning SHIB tokens using some of the Shibarium fees. They have initiated five Shibarium-powered burns, incinerating over 43 billion SHIB tokens valued at $390,440. However, this manual process has challenges, including inefficient performance and a lack of transparency.
The #automated #burn mechanism aims to tackle these issues based on predefined rules, streamlining the burning process and increasing transparency.
While no specific date is provided for the transition
The Shiba Inu ecosystem team member known as RagnarShib has provided a crucial update on the ongoing development of Shibarium’s automated SHIB token-burning mechanism. The team is making significant strides in refining and testing the burn portal, a feature eagerly anticipated by the SHIB community.
In a recent tweet, RagnarShib announced that the testing phase for the Shibarium burn mechanism has officially begun. The deployment of the burn mechanism took place last month on Puppynet, the testnet version of the Layer 2 (L2) scaling solution. This development marks a significant step forward in the project’s progress.
Clarification on deployment timeline
RagnarShib’s message was prompted by some members of the SHIB community, who had high expectations of the burn portal launching on the mainnet in January. This led to expressions of frustration on various social media platforms.
In response, #RagnarShib clarified that there was a misunderstanding regarding the deployment timeline. He referred to The Shib Magazine, a Shiba Inu bi-weekly journal, which explicitly stated that the burn mechanism would be deployed on Puppynet for testing purposes in January. The magazine stated, “Starting in January, the mechanism will evolve into an automated system on Puppynet for testing purposes.”
The initial deployment phase on Puppynet is crucial for refining the solution, ensuring efficiency, and enhancing its reliability before it eventually transitions to the mainnet.
The Shibarium team has been manually burning SHIB tokens using some of the Shibarium fees. They have initiated five Shibarium-powered burns, incinerating over 43 billion SHIB tokens valued at $390,440. However, this manual process has challenges, including inefficient performance and a lack of transparency.
The #automated #burn mechanism aims to tackle these issues based on predefined rules, streamlining the burning process and increasing transparency.
While no specific date is provided for the transition