Shiba Inu Burn Tracker Unveils SHIB Association, What Is It About?
August 24 2023 - 2:00PM
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A popular Shiba Inu burn tracker has made a significant step in the
meme coin’s evolution with the launch of the aptly named SHIB
Association, an innovative venture exclusively centered around the
Shiba Inu ecosystem. Newly Launched SHIB Association
Unmasked In a rather lengthy X (formerly known as Twitter) post,
Shibburn announced the launch of the SHIB Association, a novelty
initiation that may play a pivotal role in the future progress of
the Shiba Inu ecosystem and the improvement of the SHIB
community. Shibburn stated that the SHIB Association was
created to facilitate the growth and advancement of SHIB by
bringing forward development, utilities, and innovative solutions
into the SHIB ecosystem. It also added that the newly
launched venture will be facilitating the creation of a dedicated
blockchain for the Shiba Inu native token, SHIB. This strategic
move may impact the advancement of the SHIB ecosystem following the
launch of Shibarium. It will also ensure SHIB community members
have an independent blockchain, offering better control and
flexibility of the token’s capabilities. “I announced ‘Shib
Association’ earlier today, a new venture focused solely on SHIB.
We will bring utility, and innovation to SHIB, including its own
blockchain. This is another option for people that believe in SHIB,
and want the focus to be in SHIB without having to be locked into
an ecosystem,” the post read. Token price sitting at
$0.00000825 | Source: SHIBUSD on Tradingview.com What SHIB
Association Means For Shiba Inu Price As news of the SHIB
Association unfolds and spreads across the crypto space, SHIB
community members and crypto enthusiasts have pondered on the
impacts SHIB Association would have on the price of the Shiba Inu
token. One of SHIB’s community members has asked if the
operations of the SHIB Association would influence the SHIB token’s
price. In response, the creator of Shibburn refuted the possibility
of SHIB Association or SHIB burning exercises or rates causing any
positive or negative impact on Shiba Inu’s price, emphasizing that
Shibburn and SHIB Association are independent entities.
“Please don’t confuse Shibburn with other projects. Shibburn is an
independent company. Also, the Shib Association won’t be part of
Shibburn, but we will contribute to it,” Shibburn stated.
While relaying all the developments SHIB Association has in store
for the Shiba Inu ecosystem, Shibburn highlighted its dedication
and commitment to Shiba Inu and its community. The SHIB burn
tracker stated that it had no prior affiliations with the anonymous
group behind Shiba Inu, Ryoshi when it launched in 2019. However,
it started as a burn tracker for Shiba Inu tokens to provide SHIB
community members with important information about burns. The
tracker has also stated that it has no obligation to reduce
significant amounts of SHIB tokens from supply. Adding that every
SHIB community member has a significant role to play in the growth
and development of the Shiba Inu ecosystem. “Many believe
it’s my responsibility to remove massive amounts from the supply
when I’m just a community member like you. Shibburn doesn’t belong
to any other teams. Shibburn is an independent company I created to
help out,” Shibburn said. Featured image from iStock, chart from
Tradingview.com
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