Close to billion $SHIB burned in one go as the Shibburn rate jumps 9,562%. Shibarium Puppynet tokenburn memecrypto
Burns accelerate despite Shibarium clone allegations
As reported by U.Today earlier, almost a week ago, on Saturday, the SHIB developer team finally kicked off the Layer 2 blockchain Shibarium in beta test version. The testnet is called Puppynet, with all the tokens and products on it being for test purposes only, as the lead developer Shytoshi Kusama has warned many times.
In a Medium post, Kusama confirmed that some SHIB will be taken out of circulation every time a transaction is made on Shibarium. This mechanism has been described many times before the release; a portion of the gas fees charged in BONE token will be converted to SHIB and then sent to dead wallets. The joy was darkened by allegations that Puppynet is a clone of another testnet, Rinia. Puppynet carries the same ChainID number on it. However, Shytoshi rejected these allegations as FUD, stating that there will be several testnets to fix all the bugs that may emerge in the process of testing.
Shiba Inu is currently exchanging hands at $0.00001075, rising by 3.88% in the past 24 hours and over 7% during the past seven days, according to CoinMarketCap.
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