Burn

Shiba Inu

<p>The post <a href="https://coinpedia.org/crypto-live-news/shibarium-officially-confirms-upcoming-hardfork-launch-introducing-shib-burn-mechanism/" rel="noopener noreferrer nofollow">Shibarium Officially Confirms Upcoming Hardfork Launch, Introducing SHIB Burn Mechanism</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The official Shibarium X handle has announced the upcoming launch of a hard fork on the L2 network, which is expected to introduce the highly anticipated SHIB burn mechanism. The hard fork will occur at 9:15 AM (UTC) today, August 9, 2024. Following the hard fork, the team will release a new Bor version, v1.1.2-bone. The marketing lead of the Shiba Inu ecosystem, added clarity to the initial announcement, emphasizing that the burn mechanism will be tied to Shibarium transaction fees.&nbsp; 70% of the base fee will be automatically converted to SHIB and permanently removed from circulation once the new hard fork goes live.</p>

Shibarium Officially Confirms Upcoming Hardfork Launch, Introducing SHIB Burn Mechanism

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