A member of the Shiba Inu development team has recently revealed a number of projects that the team is striving to bring to the community for the progress of the ecosystem.
Kaaldhairya shared this with his teeming followers on 5th April. According to the developer, projects the team is currently working on include SHIBARIUM, SHI, SHIBASWAP V2, Shib: The Metaverse land sale event, and Burn Portal.
Read Also: Nine Businesses Pledge to Burn Shiba Inu in 2022. Does It Mean SHIB Is Set For 2022 Price Move?
According to Kaaldhairya, more projects he’s not allowed to reveal are moving to the phase of being launched.
Kaaldhairya tweeted, “I promise you, I am working on 1. SHIBARIUM – In Alpha, will move to Beta soon 2. SHI – In development, vote for your favorite collateral 3. SHIBASWAP V2 – New ways to earn 4. MV land sale event-soon 5. Burn portal – Earn rewards 6. Many other projects I can’t disclose.”
According to the things that were disclosed during the SHIB Binance Ask Me Anything (AMA) session, the much-anticipated SHIB Burn Portal is advancing into the final stages.
Although the launch date is yet to be officially disclosed, it was confirmed that the Shiba Inu team is vehemently striving to implement more SHIB token burns in line with the wish of the community.
The development of the SHIB Burn Portal was first revealed during a live AMA conducted on Twitter in late February. During the AMA, the Shiba Inu team said a burn portal where SHIB tokens will be vastly destroyed to drastically reduce its circulating supply is underway. And it’s expected to be featured in the upcoming ShibaSwap 2.0.
In a tweet on 5th April, MilkShake, a stern Shib Army member also confirmed that the Burn Portal is entering its final stages.
MilkShake tweeted, “The $SHIB Burn portal is entering final stages, as well as it will have rewards earning abilities. Burn = Earn Rewards? Sign me up.”
Follow us on Twitter, Facebook, Telegram, and Google News
Arbitrum holders have faced significant challenges due to frequent token unlocks. Similarly, Mantle's current trading…
Shiba Inu (SHIB), the second-largest meme coin, saw a market downturn lately. This decline coincides…
Historically, institutions have avoided investing in cryptocurrency for fear of its volatility and lack of…
As stagflation intensifies in the United States, a noticeable trend is emerging among cryptocurrency investors.…
The most essential factor in the crypto domain is financial stability. While many players like…
Linda, a prominent analyst on TradingView, recently shared her analysis, anticipating a significant upswing for…