On her post in X, previously known as Twitter, Lucie, Shiba Inu‘s marketing head, shared updated criteria for assessing projects within Shibarium, Shiba Inu’s layer-2 blockchain designed to bolster its network. These guidelines highlight essential aspects that demonstrate a project’s impact on the ecosystem’s expansion and longevity.
Five Investment Rules For Shibarium Projects
1. Significance of SHIB Token Destruction: Lucie highlighted the significance of destroying SHIB tokens as a key indicator. By eliminating tokens from the market, this practice aims to create scarcity and possibly boost the token’s worth in the long run. Lucie evaluates how token destruction affects the entire ecosystem’s wellbeing and price equilibrium.
Rule 2 checks if projects are intending or actively creating in the Shiba Inu Metaverse. With SHIB: The Metaverse being an emerging field, investing in it might showcase visionary and inventive qualities among the Shibarium initiatives.
3. Interacting with BONE Token: The BONE token in ShibaSwap (BONE) functions as the fee token for transactions carried out within Shibarium. Lucie ponders if a particular project is engaged in eliminating BONE or generating benefits around it that make it more desirable and useful inside the community. These advantages can significantly alter the token’s appeal and usage trends.
4. LEASH Token Usage: The utilization of Doge Killer (LEASH) token is another essential aspect to consider. A project’s approach towards integrating LEASH in their features or decision-making processes indicates the level of connection they have with Shibarium’s network.
5. Demonstrated Value Added to Shibarium: The last factor considers the substantial, confirmable benefits a project has brought to Shibarium. A prerequisite is that these advantages can be traced on the blockchain for verification. This openness guarantees that projects not only claim but truly provide value to the ecosystem.
Examples Of Shiba Inu Projects Meeting Lucie’s Criteria
Lucie mentioned some projects that illustrate her investment strategies. One of them is WoofSwap. It actively engages in SHIB and BONE token burns through its inscription tokens and the launch of its meme coin, DAMN. This action decreases the number of circulating tokens for these keys, which could lead to an increase in their value.
Shib Dream and Shib CoOp are recognized for their essential roles in expanding the functionalities of the Shiba Inu Metaverse, a promising sector that could bring about increased utility and user interaction within the community. K9 Finance is acknowledged for improving liquidity and staking options for BONE, resulting in stronger economic motivators and practical uses for the token.
In simpler terms, LumiBots, Mantra Protocol, NestX, and Shib CoOp help increase the use of NFTs on Shibarium by making them verifiable through blockchain. This broadens the potential applications of digital assets within the Shibarium community. DEX MARSWAP plays a significant role in enabling Shiboshis to stake and introducing new projects in the ecosystem.
Shib Dream expressed excitement towards Lucie’s approval: “All fantastic initiatives! We have consumed more than a Billion Shib. Spent around 30K on Shibarium initiatives. Constructing in the Metaverse. Returned over $60K to the public. Performing Good Deeds – Over $10k in Donations. Still exploring Leash. More developments coming up. SHIBARIUM. Keep constructing. Keep dreaming.”
At press time, SHIB traded at $0.00002360.
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2024-04-15 14:10