{"id":549810,"date":"2023-09-02T08:51:17","date_gmt":"2023-09-02T08:51:17","guid":{"rendered":"https:\/\/wncen.com\/?p=549810"},"modified":"2023-09-02T08:52:01","modified_gmt":"2023-09-02T08:52:01","slug":"shiba-inu-marketing-lead-sends-important-message-to-shib-holders","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shiba-inu-marketing-lead-sends-important-message-to-shib-holders\/","title":{"rendered":"Shiba Inu Marketing Lead Sends Important Message To SHIB Holders"},"content":{"rendered":"

Shiba Inu (SHIB)<\/span><\/a> is expected to play a significant role in the success of the <\/span>layer-2 network Shibarium<\/span><\/a> and the proposed decentralized Shiba Inu State. With this in mind, Shiba Inu\u2019s marketing lead, Lucie, shared a quote from the recently published <\/span>ShibPaper<\/span><\/a> highlighting the token\u2019s importance in the ecosystem and the roles holders will play.<\/span><\/p>\n

Related Reading: On-chain Sleuth Potentially Unveils Shiba Inu Founder With Shocking Affiliates<\/a><\/div>\n

SHIB Remains The Core<\/b><\/h2>\n

In a tweet, Lucie shared the second chapter of the whitepaper, where SHIB is mentioned as the \u201ccore\u201d of the ecosystem. The document also labels the token as \u201cone of the greatest currencies in the history of mankind.\u201d<\/span><\/p>\n

To emphasize the importance of SHIB in the ecosystem, The ShibPaper states that the token would take a \u201cnew, yet critical role\u201d in the governance of the Shiba Inu State. The token will be the community’s voice in many decisions.<\/span><\/p>\n

The <\/span>ShibPaper<\/span><\/a>, in chapter one, revealed that SHIB would be one of the governance tokens for the SHIB Inu State. In chapter two, it went further to give an insight into how governance of the decentralized state will look like. According to the document, every Shibizen (citizen of the Shiba Inu State) would be allowed to vote on important decisions as long as they hold \u201cOne SHIB.\u201d<\/span><\/p>\n

\n

@LucieSHIB<\/a> serious question: don\u2019t you think allowing holders of just 1 Shib to vote is enabling malicious actors? They can distribute small amounts of Shib into many wallets, then vote in a way that is not the best for the ecosystem.<\/p>\n

Any thoughts from #SHIBARMY<\/a> and @Shibtoken<\/a>? https:\/\/t.co\/SvMDEKmJEg<\/a><\/p>\n

\u2014 Mike S (@crypto_is_great) August 31, 2023<\/a><\/p><\/blockquote>\n

However, following Lucie\u2019s tweet, a user quickly <\/span>pointed<\/span><\/a> out a downside of this move as he questioned whether or not this move could enable \u201cmalicious actors\u201d who would simply distribute 1 SHIB across many wallets and then vote against proposals that may benefit the ecosystem.\u00a0<\/span><\/p>\n

Shiba Inu\u2019s Growth<\/b><\/h2>\n

SHIB has tremendously grown since it launched in 2020, becoming one of the largest cryptocurrencies by market cap (currently 16th at the time of writing).<\/span><\/p>\n

As part of plans to continue to bolster the token, the team plans to maintain its deflationary nature as several SHIB tokens are set to be burned in a move that will decrease its supply.\u00a0<\/span><\/p>\n

According to <\/span>data<\/span><\/a> from Shibburn, SHIB currently has a total supply of 589 trillion SHIB, with 410 trillion SHIB already burned from its initial supply of 999 trillion SHIB.<\/span><\/p>\n

<\/p>\n

SHIB market cap currently at $4.6 billion. Chart: TradingView.com<\/a><\/pre>\n
This move is expected to increase SHIB\u2019s value as a reduced circulation supply creates an increased scarcity, thereby making the token more valuable. However, the team is cautious about promising the community that SHIB\u2019s price is bound to increase significantly in the future.\u00a0<\/span><\/p>\n
Related Reading: Grayscale Victory Sends Bitcoin Open Interest Surging After Hitting One-Year Lows<\/a><\/div>\n
Meanwhile, Shibarium\u2019s success is also projected to help boost SHIB\u2019s value, considering that increased trading activity on the layer-2 network invariably means more utility for the token.<\/span><\/p>\n
Wallets on Shibarium <\/span>crossed<\/span><\/a> over 100,000 just a day after it relaunched. Wallets on the network have surged massively since then, as there are over 1 million wallets created on the network, according to <\/span>data<\/span><\/a> from Shibarium Explorer.\u00a0<\/span><\/p>\n
Featured image from SimpleTexting<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Shiba Inu (SHIB) is expected to play a significant role in the success of the layer-2 network Shibarium and the proposed decentralized Shiba Inu State. With this in mind, Shiba Inu\u2019s marketing lead, Lucie, shared a quote from the recently published ShibPaper highlighting the token\u2019s importance in the ecosystem and the roles holders will play. Related Reading: On-chain Sleuth Potentially Unveils Shiba Inu Founder With Shocking Affiliates SHIB Remains The Core In a tweet, Lucie shared the second chapter of the whitepaper, where SHIB is mentioned as the \u201ccore\u201d of the ecosystem. The document also labels the token as \u201cone of the greatest currencies in the history of mankind.\u201d To emphasize the importance of SHIB in the ecosystem, The ShibPaper states that the token would take a \u201cnew, yet critical role\u201d in the governance of the Shiba Inu State. The token will be the community’s voice in many decisions. The ShibPaper, in chapter one, revealed that SHIB would be one of the governance tokens for the SHIB Inu State. In chapter two, it went further to give an insight into how governance of the decentralized state will look like. According to the document, every Shibizen (citizen of the Shiba Inu State) would be allowed to vote on important decisions as long as they hold \u201cOne SHIB.\u201d @LucieSHIB serious question: don\u2019t you think allowing holders of just 1 Shib to vote is enabling malicious actors? They can distribute small amounts of Shib into many wallets, then vote in a way that is not the best for the ecosystem. Any thoughts from #SHIBARMY and @Shibtoken? https:\/\/t.co\/SvMDEKmJEg \u2014 Mike S (@crypto_is_great) August 31, 2023 However, following Lucie\u2019s tweet, a user quickly pointed out a downside of this move as he questioned whether or not this move could enable \u201cmalicious actors\u201d who would simply distribute 1 SHIB across many wallets and then vote against proposals that may benefit the ecosystem.\u00a0 Shiba Inu\u2019s Growth SHIB has tremendously grown since it launched in 2020, becoming one of the largest cryptocurrencies by market cap (currently 16th at the time of writing). As part of plans to continue to bolster the token, the team plans to maintain its deflationary nature as several SHIB tokens are set to be burned in a move that will decrease its supply.\u00a0 According to data from Shibburn, SHIB currently has a total supply of 589 trillion SHIB, with 410 trillion SHIB already burned from its initial supply of 999 trillion SHIB. SHIB market cap currently at $4.6 billion. Chart: TradingView.com This move is expected to increase SHIB\u2019s value as a reduced circulation supply creates an increased scarcity, thereby making the token more valuable. However, the team is cautious about promising the community that SHIB\u2019s price is bound to increase significantly in the future.\u00a0 Related Reading: Grayscale Victory Sends Bitcoin Open Interest Surging After Hitting One-Year Lows Meanwhile, Shibarium\u2019s success is also projected to help boost SHIB\u2019s value, considering that increased trading activity on the layer-2 network invariably means more utility for the token. Wallets on Shibarium crossed over 100,000 just a day after it relaunched. Wallets on the network have surged massively since then, as there are over 1 million wallets created on the network, according to data from Shibarium Explorer.\u00a0 Featured image from SimpleTexting<\/p>\n","protected":false},"author":594,"featured_media":549813,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[6664,83767,83668,83667],"class_list":["post-549810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-meme-coins","tag-shib","tag-shiba-inu"],"acf":[],"yoast_head":"\nShiba Inu Marketing Lead Sends Key Message To SHIB Holders<\/title>\n<meta name=\"description\" content=\"Shiba Inu (SHIB) is expected to play a significant role in the success of the layer-2 network Shibarium and the proposed decentralized Shiba Inu State.\" \/>\n<meta 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu Marketing Lead Sends Important Message To SHIB Holders","url":"http:\/\/wncen.com\/news\/shiba-inu-marketing-lead-sends-important-message-to-shib-holders\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/shiba-inu-marketing-lead-sends-important-message-to-shib-holders\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/a-4.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/a-4.png?fit=684%2C337"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","meme coins","shib","shiba inu"],"dateCreated":"2023-09-02T08:51:17Z","datePublished":"2023-09-02T08:51:17Z","dateModified":"2023-09-02T08:52:01Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu Marketing Lead Sends Important Message To SHIB Holders\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-marketing-lead-sends-important-message-to-shib-holders\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-marketing-lead-sends-important-message-to-shib-holders\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/a-4.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/a-4.png?fit=684%2C337\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"meme coins\",\"shib\",\"shiba inu\"],\"dateCreated\":\"2023-09-02T08:51:17Z\",\"datePublished\":\"2023-09-02T08:51:17Z\",\"dateModified\":\"2023-09-02T08:52:01Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/a-4.png?fit=684%2C337","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/549810"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=549810"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/549810\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/549813"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=549810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=549810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=549810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}