🚨 Shiba Inu and Shibarium gaining ground. You can't miss it! I'll explain it to you below!! 🔥
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👇 What are we going to talk about in today's SHIBA video?
⏰ CHAPTERS:
0:00 Introduction Shiba Inu.
1:18 In a remarkable achievement, the Shiba Inu community successfully reduced the supply of Shiba by a record 3.3 billion tokens in April 2023.
2:57 Not just anyone can be a validator, you are going to need to be approved by the Shiba Inu ecosystem team.
5:13 The fact that you know it could be in addition to the thousands of applications, that Shytoshi says they have come to build on the Shibarium network.
6:32 Finally, Shytoshi Kusama, the pseudonymous leader of the Shiba Inu project, has explained why he has been rather quiet lately.
7:23 Conclusions Shiba Inu.
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Shiba Inu and Shibarium gaining ground.
When it comes to the Shiba Inu coin, I'll be the first to admit that the price action has been stagnant. Lately, a lot of people are getting interested in the next shiny thing like the Pepe coin, those coins that are moving and rose in price the same way the Shiba Inu coin did, back in two thousand twenty-one.
First of all, the good news is that Shiba continues to grow and become stronger as time goes by. Now, let's talk about Shibarium in this video and the fact that it's still growing at a very nice pace. We have a lot of companies that are interested. You may not know about it yet, so let's talk about them, about the Inu Shiba currency advantage and, if it sounds like something you're interested in, let's get started.
In a remarkable achievement, the Shiba Inu community successfully reduced the supply of Shiba by a record 3.3 billion tokens in April 2023. The community achieved this feat through a total of 125 transactions. This marks a 107 % decrease in the Shiba Inu burn rate compared to last month, where 6.7 Billion Shiba were removed from circulation forever, through 540 separate transactions.
The top Shiba Inu burner for the month was Koyo, a decentralized finance project built on the Ethereum blockchain. This community-led Shiba burning project permanently removed a staggering 2.6 billion Shiba Inu tokens from circulation in two unprecedented transactions.
On April 9, Koyo burned 1.1 billion in a single transaction, sending the Shiba Inu community into jubilation. The project took things further on April 14 by executing another unprecedented transaction, and destroying 1.5 billion Shiba Inu.
Since its inception, Koyo has burned 8.7 billion tokens through multiple transactions.
Guys, there's a lot going on in the ecosystem, and we're going to talk about the numbers in Shibarium, how many transactions there are, how many wallets, but I want to talk about the corporate interests, or potential builder interest in Shibarium, which is not necessarily coming from the Shiba Inu coin ecosystem team, but from the nodes. Now that you know what they are, one of the quickest and easiest ways to access the 65+ popular blockchain nodes on blockchain, is to build a validator or run a node on the Shibarium network.
Not just anyone can be a validator, you are going to need to be approved by the Shiba Inu ecosystem team, a decentralized network with a central authority that approves decent realization, sounds like what the US is trying to do with cryptocurrency right now, however, it's okay if you are looking to run a node on Shibarium, here is one of their latest posts they have out there, that shows a lot of interest in building on the platform.
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