- Shiba Inu team prioritizes Shibarium layer-2 blockchain amid its rapid surge.
- The team is developing a burn portal to decrease token supply.
- Efforts are underway to terminate the BONE contract this week.
The team responsible for the widely recognized meme cryptocurrency, Shiba Inu
Based on the shared screenshots from team member Lucie, Shytoshi Kusama, the lead developer, has indicated that the burn portal’s development and the BONE contract’s renouncement have taken precedence. Kusama had earlier mentioned that the burn portal was under construction.
Kusama emphasized the significance of promoting the widespread adoption of SHIB while noting that burns aren’t the only answer. The much-anticipated burn portal will aid in decreasing the token supply, aligning with the community’s wishes.
Shibarium has crossed multiple milestones
According to recent developer updates, efforts are currently in motion to terminate the BONE contract this week. Furthermore, Kusama has indicated that a Shibarium Wiki is currently being developed.
Since its public re-launch on August 28th, Shibarium has successfully surpassed the milestone of 1 million wallets and an impressive volume of total transactions. The platform is also strategizing to partner with third-party token bridges to enhance interoperability.
The recent strategic objectives underscore the team’s commitment to user acquisition, enhancing functionality, and developing crucial infrastructure during the nascent stages of Shibarium.
While SHIB’s astronomical ascent was initially fueled by speculative hype, the focus has shifted towards establishing enduring intrinsic value. Implementing the burn portal and the renouncement of BONE contribute to advancing decentralization, thereby strengthening the community’s influence.
The team’s focus on promoting adoption underscores their dedication to enhancing daily active usage of Shibarium. Despite the excitement around features such as burning, the importance of solid fundamentals for the ecosystem’s growth cannot be overstated.
