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You are at:Home ยป Shiba Inu Team Confirms SHIB Lead Lacks Authority to Burn SHIB Tokens; All Burned Tokens Must Be Purchased
Cardano By admin

Shiba Inu Team Confirms SHIB Lead Lacks Authority to Burn SHIB Tokens; All Burned Tokens Must Be Purchased

By adminMay. 4, 202402 Mins Read
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Shiba Inu Team Confirms SHIB Lead Lacks Authority to Burn SHIB Tokens; All Burned Tokens Must Be Purchased
Shiba Inu Team Confirms SHIB Lead Lacks Authority to Burn SHIB Tokens; All Burned Tokens Must Be Purchased
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Lucie, a member of the Shiba Inu ecosystem team and the marketing lead, has highlighted the community’s crucial role in increasing SHIB burns. In response to a surge in community inquiries, Lucie clarified that the developers, including the lead Shytoshi Kusama, are not responsible for burning tokens. Instead, Lucie emphasized that it is the collective actions of the community, such as token burning and transactional activities, that drive the burn rate.

To further boost SHIB burns, Lucie underlined the importance of community engagement and the development of projects within the Shibarium ecosystem. The community’s participation is key to increasing the burn rate, rather than focusing on the whereabouts of Shytoshi or the timing of burns. Lucie also addressed the negative sentiment and misinformation circulating within the community, stressing that talk without action does not contribute to the project’s progress.

Regarding the burn process, Lucie mentioned that the founder Ryoshi’s decision to burn the keys to the SHIB supply ensures that any tokens to be burned must be acquired first. This requires income generation to support the burn process. Lucie called on the community to onboard dedicated individuals and projects to build on Shibarium, which will enhance its appeal and effectiveness.

In conclusion, Lucie reiterated her commitment to the SHIB token and expressed a shared aspiration with the community to reach significant price milestones. She emphasized the importance of unity and collective effort in achieving the goals set forth by the Shiba Inu project. It is important to note that this content is informational and should not be considered financial advice. Readers are advised to conduct thorough research before making any investment decisions.

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