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.
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