New Features For ShibaSwap 2.0
The Shiba Inu community is eagerly awaiting the release of ShibaSwap 2.0, and the marketing lead Lucie has teased some exciting new features. Lucie stated that ShibaSwap 2.0 will be more than just a regular decentralized exchange (DEX) – it will offer a complete portal experience. The development of these intricate features and the introduction of the Shiba Name Service have contributed to the longer development time for ShibaSwap 2.0. The specific launch date is still unknown, but the team’s silence on this matter indicates their cautious approach to managing community expectations.
In April, Lucie mentioned that ShibaSwap 2.0 will not only facilitate token swaps but also serve as a crypto portal with news, statistics, charts, and trends. The DEX will also feature new designs that have yet to be revealed. These developments aim to improve user engagement and provide additional value-added services within the Shiba Inu ecosystem.
Pawzaar Implements New Approach To SHIB Burns
Pawzaar, an NFT platform on Shibarium, has announced a significant operational upgrade regarding SHIB burns. All SHIB burns on Pawzaar now go to a wallet that bridges the tokens from Shibarium back to Ethereum. This aligns with Lucie’s request for burns to take place on Ethereum’s Layer-1 network to reduce SHIB’s total supply effectively. The decision came after a debate sparked by Shib CoOp’s initial SHIB burn on Shibarium, which highlighted the importance of accurately impacting the SHIB supply.
Lucie explained that projects on Shibarium must bridge the SHIB tokens back to Ethereum before sending them to a dead wallet for burns to occur genuinely. Pawzaar’s implementation of this directive demonstrates their commitment to the community’s consensus on token burns. Despite launching recently, Pawzaar has already seen a surge in users and had to temporarily halt minting new NFTs due to high demand.
Hot Take: Shiba Inu Continues to Make Strides
The Shiba Inu community is buzzing with anticipation as ShibaSwap 2.0 teases innovative features that go beyond a regular DEX. The upcoming release aims to provide a complete portal experience, offering news, statistics, and more. Additionally, Pawzaar’s implementation of a new approach to SHIB burns showcases their commitment to reducing SHIB’s total supply effectively. These developments highlight the continuous progress and growth within the Shiba Inu ecosystem, attracting more users and expanding its offerings. With the future launch of ShibaSwap 2.0 and exciting updates from Pawzaar, the Shiba Inu community can look forward to a thriving ecosystem with enhanced functionalities and opportunities.
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