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Shibarium Confirms Every On-chain Transaction Would Burn SHIB Token

Published 01/07/2023, 05:36 AM
Updated 01/07/2023, 06:00 AM
Shibarium Confirms Every On-chain Transaction Would Burn SHIB Token

  • Every transaction on Shibarium would burn a Shiba Inu token.
  • The Shibarium team reaffirmed that BONE would be the only token for paying gas fees.
  • BONE token ranks at position 121 with a market cap below $200 million.

Shibarium, the layer two blockchain scaling solution, has officially confirmed that every transaction on its network would burn a Shiba Inu (SHIB) token. Shibarium announced the update on Twitter today while reaffirming that BONE would be the required gas token for operability on the blockchain.

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