📢 The ProPicks AI strategy to watch when Tech rally slows down. It did 2X the S&P in July!Unlock AI Insight

SHIB Member Teases New Updates Coming: Details

Published 2023-11-06, 08:15 a/m
© Reuters.  SHIB Member Teases New Updates Coming: Details
SHIB/USD
-

U.Today - The official marketing expert of the , referring to herself as Lucie on social media platforms, has published an X post, in which she spread the word about

She did not specify what they are exactly; however, in another X post, she shared "The Big Plan from the Shiba State for 2024/2025," being much more specific this time.

Here's what SHIB team plans to introduce

Lucie referred to the so-called "Shib Paper" published under the authorship of the lead developer and the enigmatic pseudonymous leader of the whole SHIB team, Shytoshi Kusama.

In particular, she mentioned moving the decision-making process into the hands of Shibzens via Shibarium to reduce "reliance on central control and giving everyone a say."

The plan states that users of Shibarium can vote using all tokens of the ecosystem to ensure a fair and democratic decision-making process, which would empower all members of the SHIB community.

Making all tokens involved in the process of making decisions, the SHIB team wants to prevent the concentration of power in the hands of a few individuals to ensure a well-balanced system. Besides, the engagement of all tokens in voting will encourage users to collaborate with each other and will raise engagement within the SHIB community overall.

This is all expected to encourage trust in order to create "a positive environment within the community."

Therefore, within the next two years, apparently, the SHIB army of users can expect the Shiba Inu team to try and put these plans into life and bring the epoch of the decentralization closer.

Whales transfer close to 9 trillion SHIB

Within the past 24 hours, large cryptocurrency whales have been quite active, transferring staggering amounts of popular meme coin Shiba Inu.

Whale Alert blockchain tracker has spotted two transfers, each of them carried a mind-blowing SHIB stash – 4,419,530,677,374 and , making for more than 8.8 trillion SHIB in total.

Each of these lumps is worth around $36 million in fiat.

As reported by U.Today earlier, overnight, prominent data aggregator IntoTheBlock stated that on-chain flows of SHIB reached a – these are SHIB transactions, carrying at least $100,000 worth of these dog-themed coins.

The fiat value of this 420% spike in massive SHIB transfers stands at approximately $33.78 million.

At the time of this writing, SHIB holds 18th place on the CoinMarketCap list of cryptos and is trading at $0.000008206.

This article was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.