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Shiba Inu (SHIB) Announces Enormous Giveaway Party, Here's Date

Published 2023-12-07, 07:44 a/m
© Reuters.  Shiba Inu (SHIB) Announces Enormous Giveaway Party, Here's Date

U.Today - Shiba Inu team member has intimated to the SHIB community about an upcoming giveaway party.

While giving away small tidbits, Lucie hints at an upcoming giveaway on Dec. 20: the Shibarium Christmas giveaway party.

The Shiba Inu and communities will get to hang out with Shiba Inu partners Welly's fast-food restaurant, Bad Idea AI and Shibacals, according to Lucie, in festive cheer.

Giving a subtle indication of the nature of the giveaway, Lucie extends an invitation from Shiboshis NFT while unveiling the first gift of a "Ryoshi" Shiboshi NFT.

The year 2023 was a memorable one for Shiba Inu in general, as it saw some of its visions come to reality this year. The year also came with its challenges, which Shiba Inu sailed through.

On Aug. 28, Shiba Inu Layer-2 Shibarium relaunched after a massive surge of transactions caused it to pause shortly after its initial launch on Aug. 16.

At the time of writing, Shibarium has surpassed 51 million in total transactions, reaching 51,712,189. Total blocks are also nearing the two million milestone, now at 1,989,363, according to Shibarium scan data.

In the coming days, Shibarium will introduce a transformational token-burning mechanism that is intended to lower token supply, potentially enhancing the token's value and helping its ecosystem. The burn mechanism will be divided into two stages: manual and automated.

In January, the Shibarium burn mechanism is expected to transform into an automated one.

Shibarium's testnet, Puppynet, will also be switching from the Goerli Network to the Sepolia Network.

This article was originally published on U.Today

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