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New SHIB Burn Mechanism Announced Through Gaming Push

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The post New SHIB Burn Mechanism Announced Through Gaming Push appeared first on Coinpedia Fintech News

Shiba Inu continues to evolve with new ways to earn and burn tokens through gaming, while making bold moves toward full decentralization. 

Lucie, the Shiba Inu marketing lead, recently shared some key insights about SHIB’s development and innovative token burning strategies. 

SHIB: Still the People’s Coin 

Lucie emphasized that despite many projects claiming to be the “next SHIB,” none share the same vision or authentic community spirit. She claims that SHIB remains, and will always be “the people’s coin”, built on trust, dedication, and a passionate community.

However, building on SHIB is not as easy as the hype suggests.

Lucie explains that it requires funding, and currently, there is no dedicated SHIB treasury or direct access to the token supply to finance projects.

This means that any new product has to prove it can generate revenue before it can be built. She stressed that understanding these financial realities is crucial, rather than spreading unrealistic expectations on social media.

Gaming That Pays and Burns SHIB

The SHIB team’s gaming projects are doing more than just entertaining players. They reward gamers with SHIB tokens while also helping to burn supply through Shibarium transactions, which could strengthen the token’s value over time.

Burning SHIB is crucial because it reduces the total supply, which can help increase the coin’s value over time. As of now, Shiba Inu’s burn rate has dropped by 89.17%, with just 276,576 SHIB tokens burned in the last 24 hours.

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Analysts See Breakout Potential 

It is currently trading at $0.00001367, up 6% in the last 24 hours. 

Analyst Javon Marks suggests that following a confirmed divergence earlier this year, SHIB might be gearing up for a big move. He predicts prices could surge over 156%, potentially hitting $0.000032, and this could be just the beginning of a larger upward trend.

Shiba Inu aims to rival Dogecoin, the “people’s currency” popularized by Elon Musk, even as Dogecoin’s market cap stands at $35 billion, compared to SHIB’s $7.9 billion. 

Shiba Inu Moves Closer to Full Decentralization

Shytoshi Kusama, a lead developer in the SHIB project, recently revealed that as Shiba Inu enters its fifth year, it is advancing toward full decentralization.

Upcoming community elections will select an interim president and DAO councils to guide SHIB’s next phase. The president will oversee the project’s multi-DAO structure and help manage the broader ecosystem, marking a significant shift toward community-led governance.

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FAQs

How is the Shiba Inu ecosystem evolving?

The Shiba Inu ecosystem is expanding with new projects, including gaming that rewards players and burns tokens, and a move toward full decentralization with upcoming community-led elections for a new president and DAO councils.

Why is token burning an important strategy for SHIB?

Burning SHIB tokens is a key strategy because it reduces the total supply, which can theoretically increase the value of the remaining coins by creating scarcity, a core principle in economics.

Is Shiba Inu good for the future?

With the coming updates and strong community, Shiba Inu remains a strong candidate in the crypto world.

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