The Shibarium Weekly Bark
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Shiba Inu Ignites Tokenomics with Automated SHIB Burning

Shiba Inu Ignites Tokenomics with Automated SHIB Burning

Your weekly dosis of Shibarium

Carlos Gonzalez
March 08, 2024

Welcome back, Shiba lovers! 🦊❤️

Hello, this is The Shibarium Pack, the newsletter where we provide the most valuable insight and overview of the Shibarium Network.

This is what we are serving today:

🔥 Hot new
👀 Must watch news
🐕 The Shibarium Weekly Bark🐾
🛠️ Tech Tails
📈 Market Movements
📊 Shibarium tokens overview
🤝Helpful source of the week
🚀 Shibarium Coins & Projects

🔥 Hot new

Automated SHIB Burning

Exciting news from the Shiba Inu camp as the team unveils the start of an automated SHIB token-burning mechanism. Set to commence this month with a deployment on the testnet, this initiative marks a significant milestone for the Shiba Inu ecosystem.

The automated burn process, revealed in the 11th edition of Shiba Inu Magazine, aims to reinforce the network's economic model by strategically diminishing the SHIB token supply. This could enhance the token's value, making it a pivotal development for Shiba Inu enthusiasts and investors.

Key Takeaways:

Automated SHIB Burning Begins: This deflationary mechanism aims to potentially increase the value of SHIB for holders.
Transparent and Efficient Burning: The automated system will operate on predefined rules, enhancing transparency and efficiency compared to manual burns. However, the system will first undergo rigorous testing on a testnet before launch.
Team's Commitment to Value: Before the automated system, the Shiba Inu team manually burned over 43 billion SHIB tokens, demonstrating their dedication to long-term value creation for the project.

👀 Must watch news

Shibarium sets a record with over 400 million transactions

Shibarium, the Layer 2 blockchain network associated with Shiba Inu, has achieved over 400 million transactions, demonstrating its growing adoption. Despite a decline in daily transactions, Shibarium’s overall performance remains robust, with achievements like 3.54 million total blocks, an average block time of 5.0 seconds, and a Total Value Locked (TVL) exceeding $1 million.

Shibarium price skyrockets 30%, activity rises

Shibarium network usage jumps by 30% daily, driven by existing users. This surge coincides with a 33% price hike for the Shiba Inu token, suggesting growing interest in the crypto.

Shiba Inu Lead Reacts as K9 Finance Explains How Its Project Can Boost Shibarium TVL

K9 Finance, a Shibarium partner, proposes boosting Shibarium's TVL by offering a higher APY for BONE staking and issuing liquid staking tokens. This could significantly increase the locked value of Shibarium, making K9 Finance and Shibarium more attractive.

🐕 The Shibarium Weekly Bark🐾

Spotlight Interview: Our content editor, The CG, talks with Dave “BaldToshi”, Shibarium Enthusiast, and Creator.

In this week's edition of The Shibarium Weekly Bark, we had the pleasure of interviewing Dave ”BaldToshi”, a notable figure within the Shibarium ecosystem.

Dave has some projects in the Shibarium ecosystem, and one of those is Cryptip. He started at Shibarium a while back through connections he made on social media.

Involvement in Shibarium:

Dave has been involved in Shibarium for some time.
He joined through a friend named Ian and encountered the project through Twitter.
Cryptiq was deployed on day one as one of the initial tokens on the chain.

Motivation for Getting Involved:

Dave was drawn to Shibarium due to its decentralization and exposure to other great projects.
His experience with a project called Koyo provided insights not only into their token but also into Shib and Shibarium.

Current Goals and Projects:

Dave is the founder of the Cryptiq ecosystem.
The ecosystem includes a web3 browser.
They also birthed the FFT Fund (Shiba Saiyans), where each minted asset buys a mix of 7 different tokens, creating a diversified portfolio for holders.
The Cryptiq governance token is migrating liquidity to the Ethereum network for easier access.
However, the FFT Investment Funds continue to operate on Shibarium to support chain growth.

In summary, Dave's involvement in Shibarium, his motivation, and his current projects demonstrate a commitment to decentralized ecosystems and innovative token solutions. 🌐🚀

Stay tuned for more updates and stories from within the Shibarium ecosystem. Join the pack and be part of our growing community! 🐾

Shibarium Bark NFTs

Last week, we promised two Shibarium Bark NFTs. Check them out Here and hurry up; there are only two available!

You can also go to X (former Twitter) and participate to win one NFT. Here´s the tweet.

🛠️ Tech Tails

Shiba Inu Adopts Tech to Bring More Privacy to SHIB Token Holders

Shiba Inu plans to launch a privacy-focused network on the Shibarium blockchain, collaborating with Zama, an open-source cryptography company.

Shib Names by D3: Your Gateway to the Future of Web3 Identity

Shib Army, listen up! Introducing SHIB Name Tokens, your ticket to the future of Web3 identities. 🚀

📈 Market Movements

Your weekly dose of market insights. This time, we have TSO again.

Our last analysis

We nailed last week´s analysis. Right now, the graphic looks like this:

TSO Graphic at 23:36 (UTC-4)

For the next week, we could wait for a bounce on the 0,0004999 level and a possible uptrend.

Possible movement for TSO.

Shibarium token overview📊

🦊Ryoshi (RYOSHI) $0,00004066 | 22K Volume | (+9.11%)🟢 24H Change

🦊Shiba Inu (SHIB) $0,0003610 | 7.2K Volume | (16.36%)🟢 24H Change

🦊ChewySwap (CHEWY) $0,1557 |4.1K Volume | (+15.2%)🟢 24H Change

*Prices are at 11 am EST.

🤝Helpful source of the week

This week we want to share a telegram channel that the creator of the newsletter, Casey Stubbs, created to help people learn important things about trading and the shibarium ecosystem.

He always shares valuable content that you will enjoy. Get into the channel Here.

See you there! 😉