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SHIB Devs Hard at Work: Exciting Developments on the Horizon

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SHIB Devs Hard at Work: Exciting Developments on the Horizon

The Shiba Inu development team is diligently working on upcoming plans for SHIB, according to Lucie, the marketing lead known within the cryptocurrency community. She praised the developers, describing them as “the hardest working people I have ever met.” She urged the community to support the team on social media.

Shytoshi Kusama Unveils SHIB’s Long-Term Plans

Shytoshi Kusama, the SHIB leader, shared insights into SHIB’s future. Following recent strategic partnerships like Zama.ai, the team is now finalizing more crucial collaborations. These efforts aim to “grant full power to the system” they have created. Kusama reiterated the team’s commitment to Ryoshi’s vision, announcing the upcoming release of new tokens, TREAT and the SHI stablecoin. 

Related article: Shiba Inu (SHIB) Sees Significant Decline as Whales Withdraw

He explained that while LEASH focuses on exclusivity and BONE on Shibarium’s technological aspects and serves as the gas token for the layer-2 SHIB solution, TREAT will function as the “access token to all the advanced features of the system.”

After attending the annual Web3 event IVS 2024 in Kyoto, Kusama shared his positive experience. He enjoyed the city so much that he decided to extend his stay. The IVS organizers warmly welcomed him, enhancing his experience in Kyoto.

SHIB Burn Rate Surges Nearly 500%

The Shibburn explorer reported a significant increase in the Shiba Inu burn rate over the last 24 hours, soaring by nearly 440%. This surge resulted from transferring 6,206,041 meme coins to unspendable blockchain wallets across seven transactions, both small and large. The largest transfers moved 1,880,877 and 2,479,607 SHIB to burn wallets, all from the same blockchain address.

Related article: SHIB Plunges to New Low: Fire Sale or False Bottom?

As the SHIB team pushes forward with these advancements, Lucie emphasizes the crucial need for community support. Their dedication to expanding SHIB’s ecosystem and aligning with Ryoshi’s vision underscores their commitment to the project’s success.

With new tokens and strategic partnerships in the pipeline, enthusiasts have much to look forward to in the near future.

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