David Gokhshtein, founder of Gokhshtein Media and former US congressional candidate, believes the Shiba Inu is a great model. However, he thinks the next 12 months could be key for the Shiba Inu. Shiba Inu talks about upcoming new applications such as Shibarium, which will be the layer-2 on which SHIB: The Metaverse will be developed, along with the Shiba ecosystem stablecoin, SHI. Here are the details…
There are important developments for Shiba Inu
As we have previously reported as Cryptokoin.com , Blockchain solutions provider for enterprises Unification Foundation announced that a public testnet of Shibarium may begin in the next few months with a public beta to follow shortly. At the end of March, Shiba Inu introduced “SHIB: The Metaverse” with a Metaverse theme, consisting of a total of 100,595 plots. The current promotion phase hopes to unlock 36,431 parcels. According to statistics shared by @Shibainuart, with 18,700 lots purchased so far, the number of current landowners is over 5,100.
$SHIB has a great model. Just have to wait and see how their ecosystem plays out in the next 12 months.
— David Gokhshtein (@davidgokhshtein) May 5, 2022
Shiba Inu team in late April, DeFi project Ryoshi’s Vision (RYOSHI) ) launched the incineration portal in collaboration with Currently, more than 25 billion coins have been burned since the portal went live. Starting with one quadrillion tokens, SHIB currently has 589,660,931,651,466 tokens in total supply and 553,076,966,457,951 tokens in circulation, according to the Shibburn website. The reduction in circulating supply achieved by the incineration efforts of the SHIB military and the incineration portal aims to make the SHIB more scarce, thereby potentially increasing its value.
Participants in SHIB burn receive RYOSHI
The team behind the meme coin says that users of the burning portal will receive rewards as RYOSHI tokens every two weeks starting May 17. Holders of burned SHIB tokens are also entitled to 0.49 percent of all transactions. Besides, Shiba Inu-themed restaurant Welly’s recently announced its decision to burn a certain percentage of its revenue from SHIB tokens, thus joining the burning crowd. At the time of writing, SHIB is trading at $0.00002008, down 6.4 percent.
