Gate Alpha 2nd Points Carnival Round 4 Hot Launch! Trade to Share $30,000 MORE & Alpha Points
Trade $MORE to unlock Listing Airdrops + $300K Points Prize Pool!
💰 Total Airdrop Volume: $30,000 MORE, Limited slots—first come, first served!
✅ Total Points: 2 Alpha Points per trade—accumulate points to share the $300K prize pool!
🔥Trade the Hottest On-Chain Assets First
For more information: https://www.gate.com/campaigns/1342alpha?pid=X&c=MemeBox&ch=vxDB0fQ5
Can Shiba Inu's Shibarium Burn 1 Trillion Tokens?
The Shibarium layer-2 solution was launched in August 2023 with great pompous and grandeur in the Shiba Inu ecosystem. It was one of the biggest events in the SHIB community after being listed on the Robinhood exchange in April 2022. The sheer scale of the hype and buzz hit a peak with investors hoping the network to burn trillions of tokens.
Also Read: Is $5000 In Shiba Inu Enough For You To Retire By 2035?
Also Read: **Is $5000 In Shiba Inu Enough For You To Retire By 2035?**The Shiba Inu team of developers had also informed the community that Shibarium burns will be on a larger scale. However, the burns will depend on the amount of transactions that occur on the network on a daily basis. The transaction fees will be collected on the network which will then be split into two: One is to maintain and develop the network and the other is to burn SHIB tokens.
Shibarium: 1 Trillion Shiba Inu Tokens To Be Burned?
Also Read: Shiba Inu ETF Approval Once Again Delayed: What’s Really Going On?
Also Read: Shiba Inu ETF Approval Once Again Delayed: What’s Really Going On?![]()
Source: shibarium / shib.ioIf Shibarium takes 100 years to burn 1 trillion tokens, sending 549 trillion Shiba Inu would take an eternity. Therefore, it is not wise to depend on Shibarium to send tokens to the dead wallet. The community or other third-party apps need to step up and launch an alternative platform for the burns.
If things are going this slow in the ecosystem, Shibarium might never take Shiba Inu’s price above the $0.01 level. The 1 Cent dream might never turn into reality and could remain a distant dream even after your grandchildren reach their old age. Therefore, Shibarium is not the solution for burns as the scale is minimal.