On Sunday, September 18th, 2022, one of the leading developers of Shiba Inu Shytoshi Kusama went on to Twitter and server with several updates. Kusama is also seen as the main representative of the popular memes currency ecosystem within the media and social media space. He made some announcements related to several important events—Shiba burn to the Shibarium launch—to take place in the upcoming months.
Shiba Eternity: Shiba Burn or Burns for Shiba Haters?
Out of all other announcements, the prominent one was related to the highly awaited game name Shiba Eternity. Along with the game, the developer also talked about the burning of SHIB tokens. Given the instance of talking of both—game and Shiba burn mechanism—it was taken as some sort of possibility indicating towards in-game mechanics to support SHIB burn.
However, there were no clear indications related to some actual burning mechanism within the Shiba Eternity game. Meanwhile, some of the observers also took it as an indication towards the critics of SHIB that with the launch of the game, they will get burns after the project’s success.
Launch of L2 Solution Shibarium
The updates did not stop just there. The lead developer also stated to soon provide updates related to the Layer 2 solution awaited for quite a long time, Shibarium. He noted while addressing the community that the L2 solution is expected to provide an application to the ecosystem’s every other token when its blockchain version will be released.
Now whatever the case will be, the updates regarding the project have been announced and the launch of the project is expected to be announced soon.
When it comes to Shiba burn, the Shiba Inu community has been indulging in it very keenly and putting much effort into it. Still, the concerns regarding the overall circulating supply still remain the issue. While putting so much effort into burning resulted in eliminating about 1 quadrillion SHIB tokens from the supply, which equates to about 40% of total supply, still it has a long way to cover to fulfill the anticipations of its investors.
Source: https://www.thecoinrepublic.com/2022/09/19/indication-of-shiba-burn-mechanism-in-shiba-eternity/