To increase enthusiasm in the market, Shiba Inu‘s marketing head Lucie recently shared significant information about Shibarium’s tokens, DAMN (Shibaswap) and PIKA (Pre-sale), on platform X. This update, released during the crypto market recovery, attracted a great deal of interest from investors, instilling hope in Shiba Inu’s cryptocurrency project. Here’s an overview of the insights provided regarding DAMN and PIKA tokens in Shibarium:
DAMN- The SOL Killer
In her latest update on X, Lucie mentioned that DAMN or Sol Killer has been advancing in Shiba Inu’s L2, Shibarium. This new meme coin has generated buzz since entering the crypto world due to its unique approach to managing liquidity and token supply through intentional burns. As a result, it has attracted noticeable interest from crypto enthusiasts.
The supply of DAMN coins amounted to 69 billion units, setting it apart through its unique burning feature. In every transaction, this mechanism annihilates Shibarium’s gas token, BONE, resulting in a decreased total BONE supply. This process could potentially boost the value of the remaining BONE tokens.
With the collaboration between DAMN and WoofSwap, a decentralized exchange on Shibarium, came an aggressive burning campaign initiated by DAMN. This campaign significantly increased DAMN’s value in just one day, placing it among the top performers on DEXTools.
Together, this contributed a touch of market enthusiasm for the DAMN token, mainly due to Lucie’s post.
Overview of $DAMN Sol Killer: #Shibarium’s Rising Memecoin
Introduction
DAMN (Damn Fine Asset Making Notable Progress) is creating a stir in the crypto sphere, notably in Shibarium, Shiba Inu’s Layer-2 solution. This fresh memecoin distinguishes itself through its inventive methods.
— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) April 15, 2024
PIKA- The “Pre-sale Killer”
Furthermore, Shiba Inu’s marketing team highlighted the PIKA Shibarium token, revealing its notable features which attracted a great deal of interest from crypto traders and investors around the world.
PIKA, named the “Fair and Secure” Pre-sale Assistant, is designed specifically for managing token presales on the Shibarium network. It utilizes the advanced ERC-50 protocol to ensure “fairness and security,” as the smart contract takes care of “token assignments, locks, and refunds,” thus reducing the need for manual intervention and minimizing potential manipulation risks.
In addition, this eliminates the requirement for administration keys, lowering the risk of unauthorized entry and fraud. Furthermore, the management of the token’s liquidity pool during presales adds and secures a portion of funds in the pool, enhancing market stability and boosting investor trust.
PIKA has a grand total of 50 billion tokens in circulation. Half of these tokens, or 25 billion, are reserved for the DAMN presale event. The remaining 50%, or also 25 billion tokens, are set aside to strengthen the project’s liquidity.
Together with the previously mentioned story about Sol Killer, this significantly fueled investors’ excitement for Shiba Inu’s cryptocurrency project. Simultaneously, Shiba Inu, the meme token representing a dog breed, experienced impressive growth over the last 24 hours.
Shiba Inu Price Jumps
The price of Shiba Inu’s token has risen by 4.21% within the last day and is now at $0.00002366. This increase aligns with the positive news previously mentioned, as well as the general market trend that saw prices rebound today.
Read More
- BCH PREDICTION. BCH cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- MNT PREDICTION. MNT cryptocurrency
- USD PHP PREDICTION
- SOL PREDICTION. SOL cryptocurrency
- USD COP PREDICTION
- USD MYR PREDICTION
- ZKJ PREDICTION. ZKJ cryptocurrency
- PSTAKE PREDICTION. PSTAKE cryptocurrency
2024-04-15 10:58