In the fast-paced world of cryptocurrencies, Shiba Inu (SHIB) enthusiasts have been buzzing with excitement over recent updates regarding the token’s burn mechanism. The Shiba Inu team, led by its content marketing specialist, Lucie, recently took to Twitter to address the ongoing manual burns of SHIB tokens within the Shibarium ecosystem.

Lucie’s announcement provided the community with insights into the current manual burning process and hinted at an impending upgrade that promises a more efficient and transparent token burn mechanism. The tweet hinted at a transition from manual to automated SHIB burns, a move eagerly anticipated by the SHIB Army.

According to Lucie, until the awaited upgrade arrives, all SHIB token burns are being manually executed. The team has assured the community of an imminent update once the necessary upgrades have been implemented. This marks a significant step toward enhancing the token burn process, potentially streamlining it for better efficiency and transparency.

Looking back, Shibarium underwent its inaugural hard fork earlier this month, setting the stage for improvements in the SHIB token burn model. This enhancement is poised to transition from manual execution to automated processes, heralding greater efficiency.

The Shiba Inu team has diligently overseen four manual SHIB burns this month alone. Notably, the initial burn on December 4 saw over eight billion SHIB tokens eliminated. The most recent burn, on December 22, witnessed the incineration of over 17 billion SHIB in two transactions.

As a result of these burns, the team successfully slashed the SHIB token supply by over 33 billion, leveraging the transaction fees generated from Shibarium. This strategic move aims to foster a more controlled and sustainable token ecosystem.

This series of developments paints an optimistic picture for Shiba Inu’s trajectory in the crypto market. The transition towards automated burns and the community’s unwavering support signal a promising future for SHIB enthusiasts.

The announcement also shed light on the strategic approach the team is taking to avoid any adverse impact on Shibarium’s gas token, Bone (BONE). Lucie mentioned that while promised burns will indeed take place, they will proceed at a deliberately slow pace. This cautious approach aims to minimize any pressure on Shibarium’s infrastructure, ensuring its smooth operation.

The Shiba Inu community welcomed this update with open arms, expressing their support and anticipation for the forthcoming improvements. Some members, however, voiced their hopes for a portion of the generated transaction fees to be allocated towards burning BONE tokens, a move that could potentially benefit both the ecosystem and investors.

Reflecting on recent developments, Shibarium underwent its first hard fork earlier this month, setting the stage for improvements in the SHIB token burn model. This technical update signifies a shift toward automated SHIB burns, promising a more streamlined and effective process compared to the current manual executions.

Despite the manual nature of recent burns, the Shiba Inu team has made commendable progress. Four manual burns were orchestrated this month, marking a milestone in reducing the SHIB token supply. The initial manual burn on December 4 saw the elimination of over eight billion SHIB tokens. In the most recent burn session on December 22, the team incinerated a whopping 17 billion SHIB across two transactions, significantly reducing the token’s overall supply.

The cumulative effect of these manual burns resulted in a reduction of over 33 billion SHIB tokens, achieved through the utilization of transaction fees generated within the Shibarium ecosystem.

As investors eagerly await the transition to automated burns, this pivotal upgrade holds significant promise for the future of Shiba Inu. It not only aims to enhance the efficiency of token burns but also signals a commitment by the team towards transparency and ecosystem development.

The community’s anticipation for a more automated and efficient burning process speaks volumes about their confidence in the Shiba Inu project. As the team continues to work diligently on these upgrades, investors remain hopeful for a smoother and more impactful journey ahead.