Shiba Inu News: Shibarium To Introduce Major Upgrade To Boost Token Burn

In the latest Shiba Inu News, Shibarium announces the launch of the much-anticipated Bor version v1.1.2-bone upgrade on August 9.

Shiba Inu News: Shibarium Announces Major Upgrade To Boost Token Burn

In a recent development, Shibarium Network has announced the introduction of a major hard fork upgrade to boost token burns. The latest upgrade version, which will primarily focus on enhancing the burning mechanism of the ecosystem, has created a buzz in the SHIB community. The marketing lead of the meme coin lauded the latest development in an X post, while the SHIB price also noted a surge of around 6%.

Shiba Inu News: Shibarium To Introduce Hard Fork Upgrade To Boost Token Burn

In the latest Shiba Inu News, Shibarium announces the launch of the much-anticipated Bor version v1.1.2-bone upgrade on August 9. The update aims to introduce a new burn mechanism directly tied to transaction fees. It marks a major milestone for the SHIB ecosystem.

Shiba Inu marketing lead LUCIE said that 70% of all base transaction fees collected on the network will be automatically converted to SHIB tokens and permanently burned. This deflationary measure is mainly designed to reduce the total supply of SHIB, which in turn is likely to increase its value over time.

Meanwhile, the remaining 30% of the transaction fees will be allotted towards platform development, maintenance, and other key initiatives. The upgrade will focus on this dual approach to strengthen the network’s infrastructure. In addition, it also aligns with the community’s long-term aim towards sustainability and value appreciation.

Market Impact Of The Announcement

The above is the detailed content of Shiba Inu News: Shibarium To Introduce Major Upgrade To Boost Token Burn. For more information, please follow other related articles on the PHP Chinese website!