Shiba Inu Team Says Migrate from Exchanges to Shibarium to Increase SHIB Burn Rate
The Shiba Inu content marketing specialist Lucie has taken to X to stress the need for Shiba Inu enthusiasts to store their assets on Shibarium rather than exchanges.
In the tweet, Lucie first highlighted a prevailing inquiry regarding Shibarium’s role in SHIB burn. The Shiba Inu representative corrected that asking when Shibarium will burn SHIB tokens is a wrong question.
Lucie noted that the question is technically inaccurate since the Shibarium blockchain itself cannot burn SHIB tokens. Instead, she posed a more pressing query to the Shiba Inu community:
“When will you all migrate from exchanges and start using Shibarium?”
When will Shibarium initiate the SHIB burn?”
Wrong question ☓
The real question is, “When will you all migrate from exchanges and start using Shibarium?” (hello DEFI, remember bankrupted exchanges like FTX)
The burns are set per transaction, not based on tweets about burns.…
— 𝐋𝐔𝐂𝐈𝐄 | ✨Shibarium✨ (@LucieSHIB) September 18, 2023
Lucie expressed amusement at the enthusiasm surrounding token burns while many neglect to use Shibarium actively. Lucie reminded the community how SHIB tokens burn with Shibarium.
She underlined that Shiba Inu burns are determined solely per transaction on the blockchain and not based on tweets or discussions about burns. She added that SHIB burns are a collective effort by the community, not a demand for action from developers.
“The fact remains that $SHIB burns are a community effort, not a call to the devs saying, ‘Do something’, Lucie remarked.
In other words, the more Shiba Inu enthusiasts engage with the Shibarium platform, the more they contribute to SHIB token burns.
Also, Lucie highlighted that the Shiba Inu community has the numbers to push for significant token burns, provided SHIB holders join the burn movement en masse. Lucie urged the community to support the activity in their millions.
Moreover, the SHIB representative noted that fees on Shibarium are almost negligible but could increase with higher traffic.
Store Assets on Shibarium, Not Exchanges
Furthermore, Lucie highlighted the security features of Shibarium. She stated that assets stored on the platform are as safe as they would be on an exchange.
Meanwhile, Lucie called the SHIB Army’s attention to the risk associated with using centralized crypto exchanges to manage their Shiba Inu portfolios. She cited the case of the bankrupted FTX exchange, which, at its peak, was the second-largest exchange.
Ultimately, she extended an invitation to Opensea, a popular NFT marketplace, urging them to consider integrating Shibarium.