Shiba Inu Insider Reveals Top 5 Shibarium Investment Rules
April 15 2024 - 7:06AM
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In a post on X (formerly Twitter), Lucie, the marketing lead for
Shiba Inu, has provided potential investors with a new set of
guidelines for evaluating projects within the Shibarium ecosystem,
a dedicated layer-2 blockchain aimed at enhancing the Shiba Inu
network. This guidance focuses on critical factors that reflect a
project’s contribution to the ecosystem’s growth and
sustainability. Five Investment Rules For Shibarium Projects 1.
SHIB Token Burn: Lucie emphasized the importance of SHIB token
burning as a primary metric. Token burning, or permanently removing
tokens from circulation, is a strategy used to induce scarcity and
potentially enhance the token’s value over time. Lucie assesses the
impact of SHIB burns on the ecosystem’s overall health and price
stability. 2. Metaverse Development: The second rule focuses on
whether projects are planning or currently building within the
Shiba Inu Metaverse. As SHIB: The Metaverse represents a burgeoning
area for development, investments in this space could signal
forward-thinking and innovative capabilities within the Shibarium
projects. 3. Engagement with BONE Token: BONE ShibaSwap (BONE),
serves as the gas token for transactions within Shibarium. Lucie
queries whether a project is involved in burning BONE or creating
utilities around it that increase its appeal and functional use
within the ecosystem. This utility can significantly impact the
token’s demand and usage patterns. Related Reading: Shiba Inu Sell
Pressure Is Dropping – Here’s What It Means For Price 4. LEASH
Token Utilization: Another crucial factor is the use of Doge Killer
(LEASH), another significant token in the ecosystem. Projects’
plans for incorporating LEASH into their functionalities or
governance structures reflect their integration depth within the
Shibarium network. 5. Verified Contributions to Shibarium: The
final criterion involves assessing the tangible, positive
contributions a project has made towards improving Shibarium, with
a necessity for these contributions to be verifiable on the
blockchain. This transparency ensures that the projects not only
promise but also deliver real value to the ecosystem. Examples Of
Shiba Inu Projects Meeting Lucie’s Criteria Lucie named several
projects that exemplify her investment rules. WoofSwap, for
example, has been a proactive participant in SHIB and BONE burning
through its inscription tokens and the launch of its meme coin,
DAMN. This activity helps reduce the circulation of key tokens,
potentially driving up their value. Related Reading: Crypto Analyst
Predicts Shiba Inu Price Will Reach $0.0001 If This Happens Shib
Dream and Shib CoOp were cited for their contributions to building
within the Shiba Inu Metaverse, a significant area of development
that could herald new utility and user engagement within the
ecosystem. K9 Finance has been noted for enhancing liquidity and
staking mechanisms for BONE, creating more robust economic
incentives and utility for the token. In terms of
blockchain-verifiable contributions, projects like LumiBots, Mantra
Protocol, NestX, and Shib CoOp assist in NFT adoption on Shibarium,
facilitating a broader use case for digital assets within the
ecosystem. DEX MARSWAP was highlighted for its role in facilitating
Shiboshis staking and supporting new projects within the ecosystem.
Shib Dream responded enthusiastically to Lucie’s
endorsement: “All great projects! We have burned over a
Billion Shib. Invested over 30K in Shibarium Projects. Building in
the Metaverse. Gave back over $60K to the community. Good Deeds –
Over $10k in Donations. Not using Leash yet going to figure that
out. Other things coming soon. SHIBARIUM. Keep Building. Keep
Dreaming.” At press time, SHIB traded at $0.00002360. Featured
image created with DALL·E, chart from TradingView.com
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