Brand New Way to Burn SHIB Revealed by SHIB Team

Key Points

1. A new way to burn SHIB coins involves playing games developed by the SHIB team, where SHIB is burned with every transaction.

2. SHIB marketing lead Lucie stated that SHIB has overtaken Dogecoin (DOGE) as the 'people's coin', a title previously associated with DOGE by Elon Musk.

3. Building products for SHIB requires self-generated revenue as there is no specific SHIB treasury to fund development.

4. Dogecoin (DOGE) currently ranks 8th on CoinMarketCap with a $35.4 billion market cap, while SHIB is 22nd with a $7.9 billion market cap.

5. Shibarium, SHIB's platform, burns SHIB with every transaction, contributing to the token's deflationary mechanism.