Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»BITCOIN NEWS»Shiba Inu team members address questions about when SHIB’s $1.2 million will be burned.
BITCOIN NEWS

Shiba Inu team members address questions about when SHIB’s $1.2 million will be burned.

By Crypto FlexsDecember 17, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Shiba Inu team members address questions about when SHIB’s .2 million will be burned.
Share
Facebook Twitter LinkedIn Pinterest Email

member Shiba Inu (SHIB) team We’re here to provide an update to the community following ‘Failed Promises’. This comes as the team has been criticized for failing to make certain deals. SHIB stock price is optimistic.

Shiba Inu Team Solve Burn Delay Issue

in post Digarch shared the following update on his X (formerly Twitter) platform: SHIB Burn From the Shibarium development team. The post includes a Telegram message with a screenshot. From da VinciHe emphasized the fact that he had suffered burns. It didn’t go as planned. He also noted that there is no exact timing as to when these burns will occur.

many Shiba Inu CommunityHowever, they seemed dissatisfied with the update. 1 implied This is because the team’s communication was poor. They said the team planned to notify the community about the delay as soon as they knew the burns would no longer occur.

In response to this, Digarch suggested: leg violationWhat happened on December 14th may have been the cause of the delay. He defended the development team, saying he was confident the team was reviewing the implications of the breach as it would likely impact video execution.

SHIB price at $0.0000101 | Source: SHIBUSD on Tradingview.com

back story

The Shibarium team made the announcement via: article at SHIB Magazine We planned to perform several manual burns. It was pointed out that one thing had already happened, which led to the following: $70,000 worth of SHIBs It’s burning. The next events were scheduled to take place on December 14th, 15th and 16th. But things didn’t go as planned.

The development team did the same. presentation that combustion mechanism We were planning to carry out an update as part of this. Hard fork occurred On the network. The burning mechanism will initially be managed manually as part of this upgrade before switching to an automated system in January.

This explains why delays could occur in the first place. Because the team is supposed to do these burns. SHIB sent manually From Distributor Wallet To a dead person. At the time of writing, there have been no transactions based on data obtained from Etherscan.

Meanwhile, the community will feel ignored since they have contributed significantly to the tokens that will be burned. As part of its roadmap, Shibarium has committed to burning Shiba Inu for the trading fees it earns. This forced the community to consciously use layer 2 networks and increased the number of tokens burned. Can grow exponentially.

Featured image from The News Crypto, chart from Tradingview.com

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Futures Traders Return to Pumping BTC: Will It Last?

October 21, 2025

ZBCN is tradable!

October 15, 2025

Mobile App Change Log 7.17.0

October 9, 2025
Add A Comment

Comments are closed.

Recent Posts

Cryptocurrency company Xeltox has been fined C$177M by Canada’s AML regulator.

October 23, 2025

The People’s Robotics Platform Launches To Dominate $218b Industry

October 23, 2025

A Gateway To Early-Stage Crypto Projects And Trading Rewards

October 23, 2025

MEXC Q3 2025 Report Highlights Market Leadership Across New Listings, Security, And Ecosystem Growth

October 23, 2025

Fed Joins Payments Revolution, Brings Cryptocurrency to the Periphery

October 23, 2025

ETF Land Rush: Solana’s filing speed outpaces XRP and matches BTC.

October 23, 2025

XRP And BlackchainMining Are Giving Away A Massive $77.77 Million Bonus!

October 22, 2025

Phemex Upgrades Rewards Hub With $15,000 Package And Mystery Box System

October 22, 2025

Alps Blockchain Announces Corporate Rebranding To Alps

October 22, 2025

Why Most Crypto Cities Fail: The Surprising Reason Revealed

October 22, 2025

A retail rail can push $2 million a day out of the chain.

October 22, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cryptocurrency company Xeltox has been fined C$177M by Canada’s AML regulator.

October 23, 2025

The People’s Robotics Platform Launches To Dominate $218b Industry

October 23, 2025

A Gateway To Early-Stage Crypto Projects And Trading Rewards

October 23, 2025
Most Popular

CryptoGames Unveils New Gambling Challenges and Exciting Black Friday Rewards

December 5, 2024

Friend.Tech Team Gives Up Control of Smart Contracts as Growth Stagnates

September 8, 2024

Best Cryptocurrencies to Buy Now November 28 – Celestia, Solana, ORDI

November 28, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.