| Hey Shib Army! What a week it's been already, and it's only Tuesday! Shib's momentum is electric, and we owe it all to your unwavering support in response to Shy's rallying cry as we set our sights on Dogeville! Remember, Shib's stratospheric ascent has just started and we are aiming for lunar orbit and beyond! Meanwhile, this edition brings you glad tidings from two of Shib's trusted partners and frens, two booster rockets, so to speak, that are helping power Shib's journey.
"What is in a name?", William Shakespeare famously asked in his Romeo and Juliet. "Everything!" is our reply after 400 years to the Bard on Avon. So secure your *SHIB name token today — your one identity for all things Web2 and Web3. And get ready to fire up the activity on Shibarium with KNINE liquid staking tokens. We won't spoil the surprise, but expect more thrilling announcements in the weeks ahead! And as we endeavor to offer you a varied and interesting fare, this issue also features an article on security — with Shiba Inu lead developer Kaal Dhairya shedding light on the team's efforts to fortify our defenses in an ever-evolving technological landscape. Read on! 1) Shib Names by D3: Your Gateway to the Future of Web3 IdentityThe wait is over, Shib Army! Shib Names, officially known as *SHIB Name Tokens, are finally here! A unique opportunity to join the future of Web3 identities. Read more 2) From the Front Lines: Shy’s Veni, Vidi, Vici MomentShib has been on a wild conquest. And as it has advanced, several citadels that looked invincible just days ago now lie in its wake, their ruins a silent testimony to the power of the Shib Army. Read more 3) K9 Finance Charts New Horizon for Shibarium's Growth and Liquidity with Token Generation EventGear up as K9 Finance's Token Generation Event is happening in just a few days! Read more 4) K9 Finance Is About to Set TGE Ablaze; SHIB Brass to Stoke the BuzzK9 Finance is generating buzz in the crypto world with high-profile figures like Shytoshi Kusama and Kaal Dhairya participating in its TGE activities. Read more 5) Inside Shibarium's Defense Lines: Shiba's Head Dev on Battling the Surge in Security ThreatsAmid rapid innovation, the Shiba Ecosystem robustly guards Shibarium against rising security threats. Read more 6) SHIB on Fire: Phenomenal Surge and Relentless Token Burn ActivityIt has been a riotous, terrific last few days for SHIB. The crypto darling of the Shiba Ecosystem has been setting the scene ablaze, defying expectations and soaring to unprecedented heights. Read more  Shib Names by D3: Your Gateway to the Future of Web3 IdentityThe wait is over, Shib Army! Shib Names, officially known as *SHIB Name Tokens, are finally here! A unique opportunity to join the future of Web3 identities.By Violet Vallaya What exactly are *SHIB Name Tokens? Think of them as your passport to the decentralized world. These tokens, bearing a '*' instead of a traditional dot that you associate with internet domains, are currently limited to Web3 functionality. They act as expressions of interest for future .SHIB domains, which are expected to be available within the next 2-3 years. Once these domains launch, you'll be able to claim your equivalent, granting you a true piece of the Web3 landscape. How much does it cost to own a Shib Name? Prices start at a budget-friendly $10 per name per year for standard names. There are also premium tiers offering additional features, ranging from $50 to $9,000 per year. But wait, there's more! Use the exclusive code "SHIBMAG" at checkout and get a whopping 69% discount on your first cart of up to 20 *SHIB Names, bringing the starting price down to just $3.10 each! Registering your Shib Name is easy. The D3 platform accepts both fiat and crypto, including Shiba Inu's very own $SHIB token. Whether you're a seasoned crypto enthusiast or just starting out, D3 offers a smooth and accessible registration process. Remember that existing .shib names from the Shib Name Service (SNS) have been seamlessly transitioned to the new platform, offering users their upgraded Shib Names from D3 directly in their wallets. Star Power: The * vs. the . Eagle-eyed readers might notice that Shib Names use a "*" instead of the familiar ".". This is because they currently function within the Web3 realm and serve as a placeholder for the upcoming .SHIB Top-Level Domain (TLD). Once available, users will be able to claim their corresponding .SHIB domain for a truly unified digital presence. Beyond the Name: A Spectrum of Functionality Shib Names are more than just cool monikers. They offer a plethora of exciting features, including: - Multichain Wallet: Your Shib Name acts as a single address across hundreds of EVM-compatible blockchains, streamlining your crypto management.
- Cross-Platform Web3 Username: Seamlessly move between various DeFi, GameFi, social media, and other platforms using your unique Shib Name.
- Decentralized Identity: Identify smart contracts, validators, nodes, and dApps with ease, fostering trust and transparency in the decentralized ecosystem.
Picking Your Perfect Shib Name The best part is you have complete creative freedom. Whether you prefer a classic name or surname, a witty meme reference, your favorite gamertag, or even a random number sequence, the choice is yours. Consider your intended use – anonymity, branding, project building, or simply collecting a unique piece of the Web3 frontier. Join the Shib Name revolution and shape your digital future! Head to the D3 platform and claim your unique piece of the Web3 landscape. Remember, the SHIBMAG discount code awaits you for a limited time, so don't miss out!  From the Front Lines: Shy’s Veni, Vidi, Vici MomentShib has been on a wild conquest. And as it has advanced, several citadels that looked invincible just days ago now lie in its wake, their ruins a silent testimony to the power of the Shib Army.By The Shib Team One can say a rising tide lifts all boats and tack the extreme greed in the crypto market to the rise of Bitcoin. But even a cursory look will show that SHIB has been surfing an entirely different monster wave. The past few weeks were filled with momentous moments, including events behind the scenes, that are now setting the stage for the advancement of the community and its auxiliaries and, subsequently, the great Shiba State. The plan seems to be working effectively, with the SHIB surging its way out of the trenches to which it was long confined during the brutal crypto winter — to the tenth place, flipping nine crypto assets and just a seat behind Dogecoin. This Monday witnessed an unprecedented surge in SHIB volume, surpassing that of BNB, Solana, and XRP combined — by a staggering billion-dollar margin. While to some this is already an achievement, the community, along with its leaders, believe this is merely the beginning! The world watches with bated breath as the Shib Army, unlike any other community in the cryptocurrency realm, amplifies its message with unmatched fervor, poised to redraw the powers of the community and leave a lasting legacy. We will let you in on a secret. Shib's victory march was well-planned. And the general leading the charge was seen very recently trying to marshall resources for the coming assault. Granted these are heady days. But we'll be more clear. Shib general Shytoshi Kusama was believed to be at ETH Denver last week. And not just to take a look. Let's take a step back and delve into the events of the past few days to draw some insights. If you've been following Shy's recent activities, you'd have noticed his tweet asking about the whereabouts of the unconventional murals at Denver International Airport. It might make you wonder, why is Shy on the hunt for apocalyptic artwork at the DIA? Remember this? While only he can truly answer that question, it could be a moment of synchronicity, aligning his interest in those conspiracy-laden artworks with Leo Tanguma's intent. Tanguma, the artist behind the airport's most contentious murals, aimed to highlight societal issues and envision a brighter future amid chaos. Whether Shy found them or not is not known. But — and this gets interesting — there were no reports of his sightings at the event itself. Maybe like an adept cloud shaman, he slipped through those vast crowds of tech executives and crypto enthusiasts unnoticed. Not beyond the man! Oh, but a little bird tells us that he and the Shib leadership team held a private event in Denver. Our sources tell us he was strategizing and seeking alliances. The meeting could be about the recent Zama announcement or many of the other partnerships in the pipeline, we speculate. Could this mark a significant departure from the Shib team's anonymous nature? Perhaps a shift in strategy is underway? Attempts to glean further info from Shy were met with a meme, Shy style, leaving us intrigued and hungry for more information. In pursuit of answers, The Shib reached out to Zama and D3, Shib’s trusted partners, who were reportedly in Denver at the same time. Dr. Rand Hindi, CEO of Zama, lauded Shy and Kaal as visionary leaders, praising their bold projects. “Shy and Kaal are inspiring leaders who are building one of the most ambitious projects in crypto. I love their vision of a Shiba Inu network state!” Dr. Hindi said. Echoing that sentiment was Jason Delabays, Zama’s blockchain ecosystem lead. "I was impressed by their vision of building a network state around this impressive community. I'm convinced that confidentiality plays a major role in achieving this, and it's a pleasure to have them as partners," he said. Now that doesn’t leave us any the wiser. Shy is darn good at erasing his tracks! Meanwhile, D3 CEO Fred Hsu’s candid feedback was a delight and brought an added level of intrigue to the dialogue. "It was great to meet Shy in person and see his passion and dedication for Shib and its community firsthand,” he said. We are not saying anything but those executives won't lie about something as crucial as this, right? The crypto bull run was already taking off when ETH Denver kicked off. Shy seemed ready to strike already, his battle plan meticulously laid out as he and his lieutenants sought resources for its flawless execution. Those efforts now seem to have bore fruit. The market took notice, propelling SHIB to newer heights. Then came that pivotal moment Monday morning when SHIB closed in on Avalanche, which was just behind Dogecoin — Shib’s frenemy. Shy flipped the kill switch at that moment, letting loose his feared weapon—three of them, to be precise. Three well-timed tweets. The general’s battle cry reverberated far and wide, calling upon the Shib Army to get in the line of duty, dispatch all troops, and herald the underdog’s victory march. And he made his intentions very clear, talking in Biblical cadence: "It seems that our March to the ranks of Dogeville are completeth...."; talked of assembling elite units to break down the walls of Dogeville; and called in reinforcements. He added for good measure: “We have almost successfully traversed the snowy avalanche.” That was of course a reference to AVAX, which was the only thing standing in between the Shib hordes and Dogeville. And then, AVAX fell! The general and his SHIB ARMY were within sniffing distance of their final target! Now we wait for Dogeville to fall. An inevitability! But hey, it is not just a story of veni, vidi, vici! If you step back a little before the Monday triumph of SHIB, you will notice an interesting change in the Shiba Inu top honcho’s location updates on X. A sudden shift in location from Denver to El Salvador had raised eyebrows and sparked curiosity. What would have drawn Shy and Kaal Dhairya, key figures in the Shiba Ecosystem, to this Central American nation? The answer may lie in El Salvador's groundbreaking decision to embrace Bitcoin as legal tender, making it the first country in the world to do so. Could it be that Shy and Kaal were exploring potential collaborations with the El Salvadorian government to elevate SHIB to a similar status within the country? Only the future can tell us — when the man himself decides it’s time to spill the beans.  K9 Finance Charts New Horizon for Shibarium's Growth and Liquidity with Token Generation EventGear up as K9 Finance's Token Generation Event is happening in just a few days!By Yona Gushiken As part of its mission to be a transformative force within the Shibarium ecosystem, K9 Finance is scheduled to conduct the eagerly anticipated Token Generation Event (TGE) — a pivotal moment that signifies far more than the debut of a new token. This milestone heralds a transformative shift, ushering in an era of improved liquidity, superior yield opportunities, and heightened community empowerment. Guiding K9 Finance's trailblazing mission is Buzz, the pseudonymous developer and founder, whose visionary leadership has catapulted the platform into a leading position within the realm of next-generation liquid staking derivatives (LSD). In an in-depth interview with The Shib, Buzz unveiled the critical nuances of K9 Finance's TGE, its pivotal influence on the Shibarium ecosystem, and the strategic blueprint that underpins the project's ambitious trajectory, noting that the TGE is "more than a milestone; it's K9 Finance’s pledge to transparency, security, and inclusivity." Charting a New Course Following its official launch and partnership with the Shiba Ecosystem, K9 Finance is set to hold the $KNINE token generation event on March 7 at around noon EST. However, before delving into the intricacies of the event, it's crucial to grasp the essence of a TGE and the dynamics at play throughout this process. A TGE is a critical moment in the lifecycle of a digital asset, marking the birth of a new cryptocurrency or token within the blockchain ecosystem. This event not only symbolizes the initial distribution of tokens to participants but also marks the project's transition from conceptual framework to tangible reality. TGEs are meticulously orchestrated to ensure a seamless integration of the new token into the market, facilitating its trade, and establishing its utility within its designated platform or application. By leveraging blockchain technology, a TGE fosters an environment of transparency and security, offering a foundational step for projects to galvanize community support, drive innovation, and navigate the complexities of the digital economy with a newly minted currency. As we journey through the Token Generation Event, it becomes increasingly clear that securing a $KNINE token is not just an opportunity, but a strategic imperative. Here are the reasons why: - Owning KNINE tokens is fundamental for engagement with the K9 Finance ecosystem
- $KNINE is integral to participation in the K9 Finance Decentralized Autonomous Organization (DAO), granting holders the opportunity to contribute to governance decisions and shape the future of the platform
- When K9’s product launches in Q3, $KNINE tokens will also serve as the key asset for staking, enabling holders to earn Real Yield from the K9 Official Shibarium Validator
- KNINE token functions as a utility token within the ecosystem, providing access to various features and services offered by K9 Finance
Revolutionizing Shibarium: How K9 Finance Helps Shape the Future As the $KNINE token emerges onto the scene, there's a palpable excitement that it will drive interest and activities within Shibarium. Buzz explained, “K9 Finance is a liquid staking derivative platform. The purpose of products like such (Lido on Ethereum or Jito on Solana), is to allow users to secure the chain while delegating their gas token (in this case BONE) and receive an LSD token in return (in this case knBONE).” He added, “By doing that, we are unlocking a significant amount of liquidity for Shibarium, which opens up greater opportunities for usage of the chain. We expect lending/borrowing and perpetual products to be built on top of K9 Finance. With these products, which are essential to DeFi activity, there will be more activity on Shibarium, meaning more $BONE being locked and/or used for gas, and the more $BONE used for gas the more SHIB that will be burnt from the activity on Shibarium.” K9 Finance will play a pivotal role in addressing liquidity disparities and propelling Shibarium toward industry norms, according to Buzz. He highlighted the current liquidity challenges facing the ecosystem, with millions of $BONE tokens locked up on Ethereum yielding just 5% and Shibaswap witnessing substantial $BONE staking without yield. He also underlined that only 10% of $BONE is delegated to validators, falling short of the industry benchmark of 30%. However, Buzz is optimistic about K9's potential to revolutionize liquidity dynamics. By leveraging K9's innovative liquid staking solution, Shibarium has the opportunity to unlock nearly $50 million in liquidity (assuming it can get to the industry average). This transformative collaboration not only levels the playing field but also opens doors to new opportunities, ushering in a new era of growth and accessibility for the entire ecosystem. Moreover, K9 Finance distinguishes itself from other liquid staking solutions by directly representing Total Value Locked (TVL) on Shibarium, eliminating the need for bridging. Unlike Lido on Polygon, which still requires bridging, K9's innovative approach streamlines processes and enhances efficiency for users within the Shibarium ecosystem. The Shib asked Buzz the most requested question from the community: how will K9 Finance help burn SHIB? “People need to understand that the use of K9 products will contribute to greater burns than just asking for them,” Buzz said. “While the K9 Finance product does not directly burn SHIB/BONE, it is going to be the main driver of volume and TVL on Shibarium. The more Shibarium is used, the more that BONE is used for gas, and in turn more SHIB that will be burnt,” he added. But Why Launch on Ethereum and Not on Shibarium? "Ethereum serves as the foundation for Shibarium's Poof-of-Stake (PoS) architecture. Core contracts on the Ethereum mainnet facilitate essential connections to Shibarium PoS, managing key functionalities such as anchoring the Shibarium chain and overseeing asset transfers,” Buzz explained. “This strategic decision to initially launch the $KNINE token on Ethereum, before bridging to Shibarium, underscores the critical interplay between the two platforms. The core contracts incorporate two vital components: fraud proofs for transaction validation and an exit queue for secure asset transfers between Shibarium PoS and Ethereum, ensuring both transparency and data integrity,” the K9 Finance founder added.  K9 Finance Is About to Set TGE Ablaze; SHIB Brass to Stoke the BuzzBy Yona Gushiken K9 Finance, the cutting-edge liquid staking derivative platform tailored for the Shibarium blockchain is setting the cryptocurrency world on fire with a series of compelling activities surrounding its Token Generation Event (TGE). Top honchos from the Shiba Ecosystem, such as Shytoshi Kusama and Kaal Dhairya, are set to engage in one of these exciting endeavors, amplifying the hype and interest surrounding the platform's pivotal event. Scheduled for Thursday, K9 Finance's Token Generation Event is a highly anticipated milestone. Prior to this event, Buzz, the enigmatic founder and visionary behind the LSD platform, disclosed to The Daily Shib a clutch of planned activities: - Ape Terminal Launch on Tuesday
- Comprehensive session on the $KNINE TGE at 1 p.m. EST on Tuesday
- Shibarium Tech Telegram channel voice AMA on Wednesday
- Grand celebration of the $KNINE TGE to be graced by Shiba Inu's pseudonymous lead developer Kusama and head developer Kaal on Saturday
Buzz said these activities are strategically crafted "to educate, and propel K9 Finance forward." He pointed out that an appearance by top bosses like Kusama is a rare event and expressed his gratitude for the presence of the key Shiba Inu figures. "Shytoshi has only ever spoken at two events: ETH Toronto for the launch of Shibarium and now for the launch of K9 Finance. I think that speaks volumes for the type of work we'll be doing with the Shib team," the pseudonymous founder and developer shared. When queried about Kusama's obvious interest in K9 Finance, Buzz underscored that "K9 Finance represents the first major DeFi activation on Shibarium, offering the SHIB community tangible yield without locking up their assets." K9 Finance emerged as a major player in Shiba Inu's layer-2 scalability solution Shibarium last December but in just a short period, it has swiftly forged alliances with various projects, initiatives, and prominent figures within the crypto space. It revealed that it had secured validator status within the Shibarium network in January. In the same month, Bad Idea AI and K9 Finance announced a bold strategic partnership aimed at fundamentally revolutionizing community interaction and technical integration within the blockchain and AI industries. Last month, the Shibarium Tech and Shiba Ecosystem Marketing Specialist who uses the X handle @LucieSHIB shared that K9 Finance is an official Shibarium partner. In a noteworthy development on Monday, Kusama extended a warm welcome to Buzz, officially appointing him as the "Official Development Advocate" for SHIBARIUM & Bone. As a next-generation liquid staking derivative platform, K9 Finance mirrors Lido's role within Ethereum, enabling Shibarium holders to participate in staking while maintaining liquidity, thereby enhancing network efficiency and accessibility. K9 Finance's TGE is scheduled at around noon on Thursday on Uniswap V2.  Inside Shibarium's Defense Lines: Shiba's Head Dev on Battling the Surge in Security ThreatsAmid rapid innovation, the Shiba Ecosystem robustly guards Shibarium against rising security threats.By Yona Gushiken As the cryptocurrency realm expands with groundbreaking innovations, it simultaneously grapples with an uptick in security vulnerabilities, posing substantial financial risks. The Shiba Ecosystem stands resilient and prepared, especially in safeguarding its newly unveiled layer-2 scalability solution, Shibarium. The BIG Picture: A recent deep dive by blockchain security services company Hacken throws a spotlight on this year's security challenges: layer-2 solution attacks, access control breaches, and the infamous rug pull, among others. The report paints a concerning picture: nearly 500 hacks across blockchain networks in 2023, with BNB Smartchain and Ethereum at the forefront of these incidents. The Breakdown: - BNB Smartchain: Experienced 214 security incidents, with a staggering 69% being rug pulls.
- Ethereum: Saw 176 incidents, with rug pulls constituting 54% of these attacks.
But it's not just the big players feeling the heat. Networks like Arbitrum, Polygon, and Avalanche also navigated through their share of security storms. - Arbitrum reported 30 incidents, Polygon had 15, Avalanche recorded 10, Optimism faced 9, Base encountered 8, BTC reported 5, TRON had 4, and zkSync experienced 3 security incidents.
Emerging Threats in 2024 Layer 2 Ascendancy: For this year, the report underlined that the introduction and growth of Layer 2 networks mark a critical period of experimentation that might lead to an increase in security incidents caused by the surge in the number of transfers of risk-seeking liquidity from Ethereum to these innovative blockchain alternatives. The potential surge in new protocols and liquidity in the upcoming bull run could trigger an increase in security incidents compared to the numbers in the previous year. Expert's Note: "Layer-2 blockchains are playing an increasingly important role in this industry. Although part of its security relies on the Ethereum mainnet, we should consider that they can create new and unique vectors of attacks," Hacken senior blockchain researcher Edgar Pavlovski told The Shib. "Last year, Arbitrum has been hit by 30 attacks, including 3 Oracle manipulations. It is a disproportionately large amount of attacks that can be attributed to the fact that it is the leader among L2 solutions, and there is more hype and liquidity that can be exploited than on other networks. It is also a reminder of how important it is to use multiple data sources and robust Oracle solutions," the researcher added. Looking Beyond: As the crypto realm braces for a potential bull run, the influx of new protocols and liquidity might spell an uptick in security incidents. The Shiba Ecosystem's Shibarium stands as a testament to the community's resilience, preparing to navigate through these challenges with a vigilant eye. The Shib talked to Kaal Dhairya, the top developer of the Shiba Ecosystem and the authority for everything related to tech. "In tackling the escalating security concerns within the cryptocurrency landscape, we're embedding Fully Homomorphic Encryption (FHE) into our framework, ensuring enhanced data privacy and security," Kaal, as he is fondly called within the community, said. "FHE allows for processing on encrypted data, keeping sensitive details secure, and enabling a quantum-proof encryption model. Quantum-proof encryption is resilient against the advanced computational power of quantum computers, which are capable of breaking conventional cryptographic defenses, thus providing a robust safeguard for the future." The top dev also shared several measures the team has set in place to fortify its defenses and protect its users. "Furthermore, our approach incorporates Self-Sovereign Identity (SSI), empowering users with full control over their personal data. SSI enables individuals to own, manage, and share their identity without relying on third-party intermediaries, enhancing privacy and security. This system, coupled with Reputation and Karma metrics, builds a trustworthy community by promoting accountability," Kaal added. "By integrating these technologies, we aim to create a secure, user-empowered, and future-proof cryptocurrency ecosystem, where privacy, trust, and resilience against both current and emerging threats are paramount," the Shiba Inu top dev said. The Rug Pull Phenomenon: While individually less impactful, rug pulls are increasingly becoming a significant threat within the cryptocurrency domain. The report also points to a potential increase in rug pulls on networks like Solana, notably illustrated by the creation of approximately 100,000 new tokens in December 2023. Token Factories – A Double-Edged Trend: The exponential rise in token creation, primarily driven by the remarkable success of cryptocurrencies like $BONK and other meme coins, has regrettably evolved into a fertile ground for pump-and-dump schemes. The concerning trend according to the blockchain security firm, paved the way for certain creators to introduce more than 300 tokens each day, strategically exploiting the initial spikes in value before promptly transitioning to the next token. Front-End Attacks Gain Traction: This year might see a significant increase in front-end attacks that demand less intricate Web3 knowledge, including injecting malicious code or redirecting tokens to attackers' wallets through compromised websites or decentralized applications (dApps).  SHIB on Fire: Phenomenal Surge and Relentless Token Burn ActivityIt has been a riotous, terrific last few days for SHIB. The crypto darling of the Shiba Ecosystem has been setting the scene ablaze, defying expectations and soaring to unprecedented heights.By Yona Gushiken As of Tuesday 7:28 a.m. ET, SHIB, the one-time underdog, is shining as a blazing star on the crypto horizon, boasting a staggering 293% surge over the past week, a whopping 353% increase in the last 30 days, and trading at $0.00004079. The current price underlines a remarkable 264% surge in value year-on-year — coming after a tortuous year that seemed to endlessly test the faith of the Shib Army. But wait, there's more. SHIB has ascended to the tenth position on CoinMarketCap's "Cryptocurrency Prices by Market Cap," vaulting from its previous 20th spot, leapfrogging eight other crypto assets along the way. Amid the FUD (fear, uncertainty, doubt) spread by shadow cats (as Shytoshi Kusama called them), the Shib Army, particularly its OG members, have remained steadfast, fostering community trust and driving forward the ecosystem's initiatives. They stand as a testament to loyalty and determination, fueled by a genuine aspiration to revolutionize the world. While the tide has turned, some may succumb to FOMO amid the bullish sentiments; others may rue missed opportunities during the bear market. But the market is now awash with those who kept the faith and are reaping the rich rewards. Justin Sun, the visionary Chinese-born entrepreneur behind TRON and Poloniex, and current advisor of the HTX exchange, orchestrated a strategic move that left Shiba Inu detractors in disbelief, as in jaws on the ground and eyeballs rolling! Blockchain security firm Peckshield revealed that one of Sun's wallets, "Justin Sun-4," transferred 20 billion SHIB tokens, valued at approximately $544,400, to his Poloniex exchange at 3:54 a.m. ET on Monday. Although not unprecedented, many interpret this move as a means for Sun to capitalize on the price surge, bolstering SHIB's liquidity on the Poloniex platform. Nevertheless, the Shib Army is happy, as this move is expected to contribute significantly to the token's burn activity, further enhancing its scarcity and value. Speaking of burn, the burn rate within the Shiba Ecosystem remains robust, with a significant number of tokens being removed from circulation. According to Shibburn, the tracker monitoring burning activities, a total of 113,656,085 $SHIB tokens were destroyed across 14 transactions in the past 24 hours alone. Notably, last Saturday saw a major burn event that propelled the burn rate to an astonishing 30,000%, resulting in the permanent removal of nearly 4 million SHIB tokens from circulation. In the span of the past seven days, the community witnessed a remarkable surge in the burn rate, amounting to a 55.74% increase, which led to the destruction of 292,011,666 tokens. February also saw considerable burning activity within the Shiba Ecosystem, with more than 643 million SHIB tokens being burned throughout the month. These ongoing burning initiatives underscore the community's commitment to reducing the token supply, thereby enhancing scarcity and potentially driving value appreciation for SHIB holders.  GM, Shib Army! What have you been up to? Have you been noisy on X, trumpeting the Shib Army's victories in the last 48 hours? Well, get ready to get even more excited with this week's incredible WOOFS! 1. SHIB Army Marches On, Claims Top 10 Spot (But the Battle Has Just Begun) Shiba Inu (SHIB) has overtaken its meme coin rival Dogecoin (DOGE) in daily trading volume and secured a coveted spot in the top 10 cryptocurrencies by market cap. This strategic move, led by the Shib Army and their enigmatic leader Shytoshi Kusama, marks the beginning of an intense battle within the crypto landscape. 2. Shibarium Welcomes New 'Official Development Advocate' to Explain the Ecosystem Shytoshi Kusama has announced the appointment of @buzzdefi0x as the official development advocate for Shibarium and the broader SHIB ecosystem. This new role aims to bridge the gap between builders and the community by explaining the benefits and functionalities of Shibarium. 3. Shiboshis: From Pixels to Pages – Comic Book Now Available Dark Flower NFT has brought the popular Shiboshis NFT collection characters to life in a comic book titled "Shiboshis: The Beginning." This marks a significant step in expanding the lore and universe surrounding the beloved Shiba Inu-inspired NFTs. 4. Shib CoOp: Founders NFT Collection Offers Utility and Royalties Shib CoOp, another player in the Shib ecosystem, has unveiled the utility features of their "Founders NFT" collection. Holders can promote the project's core values through IP utilization and receive royalties based on their participation. This incentivizes community engagement and fosters a sense of shared success. 5. NFT Staking Goes Live on Skullz Platform, Rewards Users in $SKULLZ Skullz, a project within the SHIB ecosystem, has launched its NFT staking feature. Users can now safely stake their DN404 NFTs and earn rewards in the form of additional $SKULLZ tokens. This incentivizes long-term holding and participation within the Skullz ecosystem. 6. Sharbi Lowers Delegation Fee for FETCH, Heats Up Shibarium Market Sharbi, a decentralized exchange built on Shibarium, has slashed its delegation fee for FETCH from 1% to 0.2%. This move aims to attract more users and liquidity to the platform, further contributing to the growth of the Shibarium market. Sharbi boasts a 100% success rate on all transactions, offering a secure and efficient trading experience. 7. Shib, We Meet Again: AMA Scheduled for Crypto Congress BCN The Shib Army is gearing up for another "Ask Me Anything" (AMA) session this Saturday at Crypto Congress BCN. This event presents a valuable opportunity for community members to engage with the project's representatives and learn more about their future plans. Which #Shibarium projects would you like to see next in The Shib?
Tell us on Twitter using #TheShib hashtag or in a thread at @shibtoken. If you have any stories, initiatives, and/or projects that you deem newsworthy for the whole community or if you have pieces of advice for us to make this magazine a worldwide reference, take advantage of this opportunity. Send us an email explaining everything at submissions@shib.io. P.S. You can also share your favorite memes with your own customized comment/reaction comment (we will credit your Twitter or SNS). Advertise with UsAnyone interested in expanding their reach can benefit from this exciting feature of the magazine. We offer comprehensive marketing packages! This includes the opportunity to be featured on the front page, giving your project maximum visibility. We also offer ad space for those looking to be seen by a vast and varied audience on our platform. If you are interested in finding out more about our packages, shoot us an email at ads@shib.io. For partnership / Ads & Community spotlight: https://www.shib.io/contactus Terms and conditions: https://www.shib.io/terms-and-conditions  |
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