Shiba Inu Burns 1.6 Billion Tokens While Ape Brigade Enters Crypto Scene With A Bang
Popularly labelled “Dogecoin Killer”, Shiba Inu (SHIB) recently burned 1.6 billion tokens, a move that is used by many cryptocurrencies to ensure they have an optimal supply in the market. The update of the burn event comes just as Shiba Inu managed to hit a price peak of $0.00001.
According to recent data, SHIB’s circulating supply is around 574.1 trillion tokens. The current 1.6 billion burn event pegs the whole number of discarded tokens to date at 410.6 trillion tokens. Created in 2020, Shiba Inu is the second-largest meme cryptocurrency according to CoinMarketCap, trailing behind Dogecoin (DOGE) with a market capitalization of $5.1 billion.
Token burns are often considered a suitable way to bolster the price of a cryptocurrency but SHIB’s lead developer Shytoshi Kushama thinks differently on the matter. In response to a comment on Telegram, Kushama said the price of Shiba Inu cannot be influenced by burns alone and went on to say that new technologies must be developed to solidify the token’s dominance.
Shibarium’s Final Version Yet To Go Live
Shiba Inu is constantly innovating its platform to keep up with changes in the crypto market. The token’s Shibarium update – implemented in March through a Beta version – will change its platform from offering a single cryptocurrency to a decentralized ecosystem hosting a crypto exchange, metaverse, and blockchain-based games like Shiba Eternity, for instance.
Shibarium also contains a layer-2 blockchain solution, which was developed to improve upon Ethereum’s current limitations – slower transactions and higher gas fees. To help move these changes along, Shiba Inu has created a new token for distribution among stakeholders called BONE. There is a supply of 250 million BONE tokens which is used by the SHIB community to vote on important governance matters and any proposed changes.
While the Shibarium update is yet to be implemented as a final version, constant system updates and Shiba Inu’s place on the list of top 50 cryptocurrencies spell a bright future for investors of the meme coin.
Ape Brigade Charts Course For New Investment Through Presale
Ape Brigade (APES) is a new cryptocurrency focused on using the power of blockchain technology to contribute to animal conservation efforts around the globe. Supplementing this well-designed ecosystem is the APES token, registered on the Ethereum blockchain as an ERC-20 token. This cryptocurrency is in the 1st stage of its hyped presale and has managed to raise $52,133 at a current price of 0.004$.
When the token is officially live on exchanges, you can use your newly acquired currency for staking, giving you an additional source of income. Ape Brigade NFTs will soon join the mix as well, each one having a unique design, something to add to your NFT collection!
Find out more about Ape Brigade (APES)
Presale: https://apebrigade.io/how-to-buy
Website: https://apebrigade.io/
Telegram: https://t.me/ApeBrigadeOfficial
