Similar to many other crypto projects, Shib Inu’s development team has hinted at some major development coming to the protocol in this new year. The SHIB Discord Admin known to the community as DaVinci shared this exciting news on the “Shibarium Tech” Telegram Channel. He opened his statement by singing the praises of SHIB community members.
DaVinci acknowledged their resilience while describing members of the SHIBArmy as the real MVPs. The Shiba Inu ecosystem has been through tough times but the community continues to stick together, per DaVinci’s statement. Furthermore, he emphasized that the support from the community has been the backbone of Shibarium’s journey.
SHIB Development Team Gets Prepared For 2024
He delved into the protocol’s plan for this year, citing that 2024 is coming with a “buzz in the air.” Consequently, the SHIB development team is putting effort into rolling out “serious developments, game-changing stuff. The Shibarium Team’s got your back, and we’re gearing up for a wild ride together.”
He went on to state that 2024 will be another year for Shiba Inu to push the boundaries and make memories. As such, the SHIB Discord Admin urged the SHIBArmy to help make the new year unforgettable; “let’s make it epic!”
Shiba Inu Burn Rate Sees Outstanding Jump
According to a well-wishes greetings sent by Shibburn crypto wallet tracker to Shiba Inu community members, a total of 76,403,022,296 SHIB meme coins were transferred to unspendable blockchain addresses all through 2023. In terms of the burn progress, Shiba Inu burn rate has seen an outstanding jump of up to 2,552.66% within the last 24 hours.
This means that up to 129,716,497 Shiba Inu tokens have been destroyed in “inferno wallets.” They were basically burned In transactions that carried 50,422,597, 66,339,884 and 3,507,765 SHIB.
Binance Greenlights SHIB as Collateral Asset
Asides the several upgrades and improvements that were introduced to the Shiba Inu ecosystem, one of the token’s achievements in 2023 was getting recognized by leading cryptocurrency exchange Binance, as a collateral asset. This implies that the Shiba Inu coin is one of the 22 new loanable and collateral assets that are added to the firm’s Flexible Loan and VIP Loan services.
As the new year unfolds, community members are bound to be on the lookout for more of such significant additions.