Yuri Molchan
The Shiba Inu team plans to start burning not only SHIB but also other Shiba Rium tokens
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In a recently published tweet, Lucy, Shiba Inu’s official marketing lead, announced that not only SHIB but also other major tokens used in Shiba Rium (including two new tokens that have not yet been used) will be released. spread the word about the SHIB team’s plans to implement the (Not yet released).
All of this is possible thanks to the new Sheboshis NFT collection.
Plan to burn Shibarium tokens
Lucie announced that the team plans to use the proceeds from the sale of the new NFT collection Sheboshis to burn Shibium native tokens (also SHIB, BONE, etc.).
Shiboshi that are not claimed by the Shiboshi owner will be sent to Uniswap and sold. All proceeds from these sales will be utilized by the SHIB team to burn tokens (10% of proceeds).
6% of the funds will be used to burn SHIB, 1% to burn BONE, and 1% to burn LEASH. He also plans to set aside his 1% of the funds to burn TREAT and SHI when these tokens are launched in the future.
As previously reported by U.Today, Shiba Inu’s lead developer Shytoshi Kurama opposed the SHIB community’s proposal to burn BONE using gas money collected in Shibarium. This time, the decision to send not only to SHIB but also to an unusable wallet was verified by the entire team and also by Kusama, as all decisions within the team are made under his leadership.
The remaining 50% goes here
According to the tweet, the team plans to keep up to 50% of the sellout proceeds. The rest will be used for non-profit organizations (10%), foundations (15%) and 15% will be donated to his SHIB team.
The remaining 50% “will go towards expenses and the national treasury,” Lucy said. This will help the team complete the “persistently autonomous and fully decentralized ‘network state'” described in the Shib paper.
About the author
Yuri Molchan
Yuri is interested in technology and innovation. He has been writing about his DLT and cryptocurrencies since 2017. He believes blockchain and cryptocurrencies have the potential to change the world in the future in many aspects. He has contributed to multiple crypto media. His articles have been cited by crypto influencers such as Tyler Winklevoss, John McAfee, CZ Binance, and Max Kaiser.
