In a recent Telegram chat, Shytoshi Kusama, the lead developer of Shiba Inu, addressed concerns surrounding the burning of SHIB tokens. Kusama reiterated that the burns will only occur through increased utility and widespread adoption.
According to Kusama, the key to SHIB burns lies in the utility and practical application of the token. “BURNS will only come through utility and use,” Kusama emphasized during the Telegram chat, which was shared by Shiba Inu marketing specialist Lucie.

This statement from Kusama comes at a time when many Shiba Inu enthusiasts are calling for more burns. However, Kusama made it clear that the primary focus of the team is to build utility and adoption for Shiba Inu, rather than solely burning tokens. “So I focus on use and put burns in,” Kusama added.
Combatting Fear, Uncertainty, and Doubts (FUDs)
Kusama also addressed the negative impact caused by individuals spreading Fear, Uncertainty, and Doubts (FUDs) about Shiba Inu. He pointed out that these malicious reports and attacks drive users away and hinder the adoption of Shiba Inu projects.
“FUD attackers are driving users away with malicious reports. They are driving down adoption. This is why we focus on utility. If we have utility, we will have adoption,” Kusama explained.
These remarks from Kusama align with the views of many other cryptocurrency experts who believe that utility is crucial for the long-term success of any digital asset.
SHIB Burns: A Recap
To date, the total number of SHIB tokens burned stands at an impressive 410.66 trillion. The majority of these burns occurred in May 2021 when Ethereum co-founder Vitalik Buterin burned a significant amount of SHIB tokens.
Additionally, other Shiba Inu enthusiasts have voluntarily contributed to the burn program by sending SHIB tokens to a designated dead wallet. However, the rate of burns has slowed down in recent months.
Long-Term Focus on Shiba Inu (SHIB) Utility and Adoption
Shytoshi Kusama’s recent statements indicate that the Shiba Inu team is prioritizing the development of utility and adoption for the project, rather than solely focusing on token burns. This approach showcases a positive outlook for Shiba Inu, as it suggests a long-term strategy.
However, it is important to note that building utility and adoption takes time. Therefore, a significant increase in SHIB burns may not be immediate. Nevertheless, successful implementation of utility and widespread adoption could potentially lead to substantial price appreciation for SHIB in the future.
Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#SHIBCommunity #Shib $SHIB

The developers of Shiba Inu deployed the Shiba Name Service (SNS) in the second layer of Shibarium .According to Valx and quoted by dailycoin, on the last day of October 2023, when the developers unveiled the first part of the SHIBDentity system, a new era began in the second layer network of Shiba Ino, Shibarium. The Shiba Name Service (SNS) is designed to help users leave complex addresses on the blockchain.Shibarium's second layer scaling solution brings a transformative innovation with easily readable addresses on the blockchain. But these addresses also play a role in finalizing a larger plan to create a complete, decentralized digital identity through verifiable credentials.SNS is made available to users through name.shib.io. For example, getting an address named Wallex.SHIB currently costs 20 Shibaswap Bones (BONE). Shibarium's official gas token is used to buy these addresses. At the same time, users can use different Web3 wallets, including Coinbase, Metamsk, TrustVault, and Rainbow, to get their domain.Kusama reveals the main features of SHIBDentityThe general characteristics of SHIBDentity The Shiba Ino ecosystem revolves around several key axes:Self-trusted authentication via Web 3 : This removes the need for user identification via traditional or Web 2 methods, meaning they regain control of their data.Decentralized and Verifiable Credentials : In SHIBDentity, credentials are stored directly as such, not in a company-owned database.W3C Standard Compliance : Creating a Web Consortium for Global Standards for Autonomous Identities. This enables cooperation between autonomous identities in different applications.SHIBDentity Karma System : The built-in trust system allows network members to organically build trust on the blockchain without relying on personal connections.It's on the coin!Shiba Token developers' ambitions for its Super App could challenge Elon Musk's Platform X , as the concept is exactly that of an all-in-one digital identity-based app.However, Shiba Inu plans to combine decentralized autonomous organizations (DAOs) and encrypted messaging in order to eliminate intermediaries#SHIBCommunity #etf #BTC $SHIB $XRP $DOGE

In an exciting development for the Japanese crypto community, SBI VC Trade, the crypto exchange division of the SBI Group, has announced a special campaign to celebrate Kabosu-chan’s birthday, the beloved internet personality who inspired the popular Shiba Inu and Dogecoin cryptocurrencies.
The campaign aims to engage crypto enthusiasts and provide them with an opportunity to win Shiba Inu (SHIB) tokens.
Kabosu-chan, an adorable Shiba Inu dog, captured the hearts of millions around the world, leading to the creation of the Shiba Inu token and even contributing to the rise of Dogecoin (DOGE).
The campaign, which was announced through a statement on the X platform and the official SBI VC Trade blog, invites Japanese crypto enthusiasts to participate and earn cryptocurrencies inspired by Kabosu-chan. The company has provided specific details about the promotion, ensuring that participants are well-informed.
Shiba Inu (SHIB) and Dogecoin (DOGE) Campaign
According to the announcement, SBI VC Trade users can actively engage in Shiba Inu and Dogecoin transactions while also taking part in a coin lending initiative. This multi-faceted campaign offers participants several avenues to explore within the crypto space.
To make the campaign even more enticing, participants have the opportunity to earn rewards for purchasing SHIB and DOGE during the campaign period. The eligibility criteria for these rewards are as follows:
Individuals who enter into a contract to purchase SHIB with a value of 50,000 yen or more during the campaign period.Individuals who do the same for DOGE.
Participants meeting these requirements will receive rewards proportional to their purchases. For SHIB transactions, qualifying customers will receive an amount equivalent to 1% of their Shiba Inu purchase contract price in SHIB tokens. The same 1% commission applies to Dogecoin transactions, ensuring fairness and consistency.
In addition to the rewards, SBI VC Trade has a surprise for customers who open a new account as part of the campaign. These individuals will receive a special gift of “Kabosu fruit juice,” a delightful gesture that adds to the celebratory atmosphere of the campaign.
The campaign, running from November 2nd to December 1st, 2023, presents a limited-time opportunity for Japanese crypto enthusiasts to celebrate Kabosu-chan’s birthday while potentially earning exciting rewards in the form of SHIB and DOGE tokens.
The campaign not only commemorates the iconic Kabosu-chan but also highlights the significance of cryptocurrencies in our digital age.
Make sure to mark your calendars and take part in this special campaign brought to you by SBI VC Trade. Join the festivities surrounding the influential Kabosu-chan and her impact on the crypto world.
Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#SHIBCommunity #DOGEProjections $SHIB $DOGE

Attackers behind the Poloniex heist stole a whopping 577 billion Shiba Inu tokens and other crypto assets from the exchange. 
Read more on: https://thecryptobasic.com/2023/11/11/577-billion-shiba-inu-tokens-stolen-from-poloniex-exchange/
#SHIBs #Shiba.Inu #SHIBCommunity #Crypto #CryptoNews🔒📰🚫

The Shiba Inu ecosystem has demonstrated itself to be far beyond a mere meme coin. Through punctual updates and active community engagement, the project’s practicality and functionality have been significantly enhanced. Enter The Shib Magazine, an innovative weekly publication. It serves as an entry point to pioneering concepts, the most recent advancements, and news both within the Shibarium ecosystem and beyond.It is more than just reading material. The magazine reportedly functions as a gateway to unexplored realms of innovation. It also offers unparalleled insights, leadership in thought, and engaging content.What can one expect from The Shib Magazine?Timely Updates on the Shibarium Ecosystem: Readers can stay informed about the latest developments within the Shibarium ecosystem. This will further enable them to remain at the forefront of advancement. This is whether they relate to technological progress, innovative solutions, or community-driven initiatives.Evolution of Shib Products and Novel Solutions: The evolution of Shib products and the introduction of fresh solutions.Vibrant Shib Army and Community Initiatives: Details pertaining to the Shib Army, its events, initiatives, and the tales of success they’ve achieved will be reported here. From community-led charity initiatives to inventive projects, readers can gain an insider’s perspective on the pulse of the Shib community.Insights into Trending Tokens: Readers will have access to valuable insights into the tokens gaining traction within the Shibarium ecosystem. They will be able to uncover new investment opportunities and learn about promising projects. Along with this, they can stay informed about the most recent trends in the market, all courtesy of The Shib Magazine.Exclusive Interviews with Industry Experts: Readers can also benefit from distinctive viewpoints provided by industry experts and leaders through exclusive interviews.Community Engagement and Contribution: The opportunity to contribute to the magazine is also available. The Shib Magazine welcomes contributions from its readers, creating a collaborative environment where ideas and creativity can flourish.Lighter Side of the Tech World: Entertainment, memes, and artwork that add a touch of light-heartedness to the tech world can be found in the magazine. Through this, readers can take a refreshing break from the seriousness often associated with the digital landscape.Advertising and Community Involvement: For those looking to broaden their outreach, The Shib Magazine offers comprehensive marketing packages. Whether one aspires to feature on the front page, become part of the influencer network, or secure advertising space, there are numerous opportunities to engage with a diverse and extensive audience.Here’s how the magazine intends to give backAs a gesture of gratitude to its readers, The Shib Magazine extends a special offer to its initial 1000 subscribers. It presents them with a complimentary NFT featuring the magazine cover. This exclusive bonus ensures a unique experience right from the beginning.In essence, The Shib Magazine transcends the realm of being merely a publication. It represents a community-driven endeavor that unites innovators, enthusiasts, and visionaries under a single digital roof. By combining informative content, exclusive features, and active community participation, it paves the way for a more interconnected and well-informed Shibarium ecosystem.#ShibaInuMystery #SHIBCommunity

Lucie, Shiba Inu’s marketing specialist, has outlined big plans from the Shiba State set to be implemented in 2024/2025.
Read more on: https://thecryptobasic.com/2023/11/09/shiba-inu-team-unveils-big-plans-for-2024-2025/
#ShibaInuRevolution #SHIBCommunity #Crypto #CryptoGoals #CryptoNews🔒📰🚫

The progress of the layer-2 network #Shibarium remains noteworthy, as indicated by recent developments within the ecosystem. These recent advancements have further rekindled optimistic attitudes among the Shiba Inu community, as members anticipate a positive trend in the token's trajectory. $SHIB
The Resilience of Shibarium
Shibarium has demonstrated significant progress subsequent to its initial unsuccessful debut. The network has lately introduced its name service, offering customers a more convenient and streamlined method for doing transactions within the network.
The network has garnered significant attention and practicality, as seen by the recent announcement from node vendor NOW Nodes, which identified Shibarium as one of the top-performing networks within their ecosystem.
As per their statement, they have successfully handled more than 66 million queries to Shibarium since the initiation of shared access to the Shibarium RPC full nodes in September. In addition, they emphasized their intentions to integrate Shibarium into prominent cryptocurrency exchanges and digital wallets.
As an integral component of these strategic initiatives, the subsequent phase entails identifying liquidity providers that will facilitate the seamless integration of Shibarium into various exchanges and wallets. An example of such an exchange is GroveX, a company established in Australia, which has disclosed its ongoing efforts to incorporate the network into its platform.
In the meanwhile, there is a persistent upward trend in on-chain activity inside the network. Based on the data obtained from the network explorer Shibariumscan, it can be observed that the network is approaching the milestone of processing four million transactions. Currently, Shibarium is observing a daily average of 14,000 transactions.
Based on available evidence, it is evident that the network's crew is diligently working towards achieving their goals. This aligns with the perspective of Shytoshi Kusama, the primary developer of Shiba Inu, who emphasized the importance of such efforts in order to witness a substantial rise in the price of SHIB, as desired by the community members.
Nevertheless, the incorporation of Shibarium into the decentralized wallet has not been officially verified, since there has been no comment published by the wallet provider about this matter. Additionally, at the time of writing, it appears that Shibarium is not supported on the wallet.
In January of the current year, Atomic made a statement regarding their intention to provide support for Shibarium with the introduction of the layer 2 network. However, no more communication has been made about this matter subsequent to the aforementioned announcement.
If ultimately verified, such information will unquestionably have a positive impact on the ecosystem. The implementation of this action has the potential to facilitate the integration of Atomic's user base, which exceeds 5 million registered users, into the network. Consequently, this might lead to a subsequent surge in the demand for the ecosystem's utility tokens.
According to data sourced from CoinMarketCap, the current trade value of SHIB is at around $0.000007893, reflecting a positive increase of more than 2% throughout the past 24 hours.
#SHIBCommunity #crypto2023