In a bold move that reaffirms its commitment to the ever-evolving landscape of Web3, LaborX has integrated not one, but two cryptocurrency tokens into its platform. Users can now seamlessly transact and earn Shiba Inu (SHIB) and Bone ShibaSwap (BONE) coins while seeking or posting freelance jobs. This integration marks a significant leap forward in the convergence of the gig economy and the world of digital currencies.

The announcement made by LaborX, often hailed as the “meme coin Rock Star band” of the freelancing world, has sent ripples through the cryptocurrency and freelance communities alike. As the Web3 sphere continues to expand, LaborX’s decision to embrace SHIB and BONE tokens opens up exciting possibilities for freelancers looking to venture into this decentralized realm.

Shiba Inu (SHIB) Integration: A Blast from the Past

This isn’t LaborX’s first foray into the world of meme coins. In February of the previous year, the platform added support for Shiba Inu (SHIB), allowing users to earn these iconic meme coins by completing various tasks. The move was met with enthusiasm from both freelancers and cryptocurrency enthusiasts, and it paved the way for LaborX’s latest integration.

Now, with SHIB integrated into LaborX’s payment ecosystem, freelancers can once again dive into the world of Web3 with the potential to earn SHIB tokens while offering their skills and services. This fusion of freelancing and cryptocurrency exemplifies the innovative spirit of LaborX.

The Arrival of Bone ShibaSwap (BONE) Coin

Fresh on the heels of the SHIB integration, LaborX has introduced the Bone ShibaSwap (BONE) coin as yet another payment option. This strategic addition allows users to engage in Web3 jobs or post their own freelance opportunities while earning BONE tokens in the process. The inclusion of BONE underscores LaborX’s dedication to staying at the forefront of Web3 developments.

Shibarium’s Remarkable Milestone

While LaborX’s cryptocurrency integrations are indeed headline-worthy, the underlying blockchain infrastructure is equally impressive. Shibarium, LaborX’s Layer-2 blockchain, has achieved a remarkable milestone within just a month and a half of its launch. The total count of transactions conducted on the platform has now surpassed a staggering 3,000,000. This milestone is a testament to the scalability and potential of Shibarium.

However, it’s worth noting that the number of daily transactions on Shibarium has experienced fluctuations. After reaching a peak of approximately 200,720 daily transactions around September 13th, the numbers have settled at around 42,590 transactions daily. The surge in transactions was eagerly anticipated by the SHIB community, not only for its potential in expanding SHIB’s utility but also because it contributes to Shiba Inu burns.

Every transaction conducted on Shibarium sets aside a portion of the gas fees, paid in BONE tokens, for future burns. Once this accumulated BONE reaches a certain threshold, it is converted into SHIB and transferred to inaccessible wallets, effectively reducing the circulating supply of SHIB. As per a recently launched tracker, 0.5 BONE has been accumulated for future SHIB burns so far.

Unexpected Gas Fee Surges

While the journey of Shibarium has been impressive, it hasn’t been without its challenges. On September 12th and 13th, Shibarium experienced an unexpected surge in gas fees, reaching 60-70% of the permitted gas limit of 20,000,000. These fluctuations highlight the need for continued development and optimization of the platform to ensure a seamless experience for users.

SHIB Burns on the Rise

In a recent update from the Shibburn explorer, it was revealed that the SHIB community has successfully removed a significant amount of SHIB from circulation within the past 24 hours, totaling close to 200 million SHIB. The burn rate has soared by an astonishing 535%, resulting in the burning of 194,116,333 Shiba Inu coins. This relentless burn strategy is part of the SHIB community’s ongoing efforts to create scarcity and value for SHIB holders.

As the week progresses, the platform will tally the total SHIB burned for the week. Last week saw the SHIB community destroy more than half a billion SHIB meme coins, locking them away in unspendable cryptocurrency wallets.

In conclusion, LaborX’s integration of SHIB and BONE tokens is a groundbreaking move that further cements the platform’s status as a pioneer in the Web3 freelance ecosystem. The remarkable achievements of Shibarium, along with the relentless SHIB burns, reflect the vibrant and dynamic nature of the Web3 community. As Web3 continues to evolve, LaborX stands at the forefront, offering freelancers unprecedented opportunities in this decentralized frontier.