Shytoshi Kusama Reveals Stunning Detail About SHIB Burns

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As a seasoned crypto investor with a knack for deciphering the intricacies of the blockchain world, I find myself constantly intrigued by the enigma that is Shytoshi Kusama and his relentless pursuit to propel the Shiba Inu ecosystem. His work ethic is nothing short of inspiring, working 20-hour days for weeks at a stretch, a dedication that many in this field can only dream of.

Shytoshi Kusama, the anonymous head of the Shiba Inu team, has been having discussions with SHIB supporters regarding topic X and disclosing intriguing details about his daily routine. Moreover, he dispelled certain ideas held by a few SHIB fans concerning how the SHIB burn mechanism truly functions in practice.

Currently, the second most popular meme-based cryptocurrency, Shiba Inu, has experienced a significant surge in value, approximately 8.1%, that’s left its price candlestick tinted red today.

Kusama pours cold water of unrealistic SHIB burn idea

The mysterious creator of SHIB shared a cryptic post saying “Moooood” and included a link to a song on Spotify. This post sparked a comment from a dedicated SHIB follower, who posed questions to Shytoshi regarding the Bone Dao and potential listings on Binance. They also inquired if adding accumulated BONE tokens to the Treasury results in increased funds within the Treasury and significantly larger SHIB burns.

Shytoshi subtly suggested that the method of SHIB token burning may not be as straightforward as some people think, given its decentralized nature. Moreover, he emphasized that his focus on securing significant partners for Shibarium is primarily aimed at speeding up the burn process, among other objectives that will ultimately strengthen Shibarium and the broader Shiba Inu community.

Kusama explained, “A truly decentralized token doesn’t function that way,” followed by, “Can’t you understand now why I’m actively seeking out major partners rather than anything else?

As a crypto investor, I understand your perspective, but allow me to clarify how things work from my standpoint. In a fully decentralized token system, power isn’t concentrated in one entity like a foundation or organization. Instead, decisions are made collectively by the network participants. However, as more resources pour into the project, attracting large partners becomes crucial for its growth and success. You see, the team has been instrumental in developing nearly all the technology, so my primary focus is on securing partnerships to ensure the project’s long-term sustainability.

— Shytoshi Kusama™ (@ShytoshiKusama) November 25, 2024

On numerous occasions, the SHIB team has emphasized that as more partners and users, including retail ones, join Shibarium, its utility increases, leading to a greater number of SHIB tokens being burned. This is due to the increased transaction volume on Shibarium, which triggers these burns.

During our conversation, Shytoshi Kusama disclosed his remarkable routine, mentioning that he often works for 20 hours a day over extended periods. He also shared that his duties encompass creating posts, engaging with the community, addressing their queries, and providing explanations to help clarify things for them.

SHIB burns go up 

According to data from the Shibburn tracker, the rate at which Shiba Inu tokens are being removed from circulation (or burned) has jumped by approximately 135% over the past 24 hours. A total of 4,851,105 SHIB coins have been sent to addresses on the blockchain where they can no longer be spent.

1-hour SHIB update:

— Shibburn (@shibburn) November 25, 2024

The number of weekly burns has shown an increase exceeding 56%, with over 203 million Shiba Inu (SHIB) tokens being destroyed.

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2024-11-25 16:43