Shibarium to Launch SHIB Burning System, Removing Tokens from Circulation
• Shibarium layer-2 network will start 'burning' SHIB tokens, removing them from circulation • 70% of fees initiated on Shibarium will go towards burning SHIB • The other 30% of fees will help maintain and operate the network • More transactions on Shibarium = faster accumulation of fees = faster burning of tokens • Automated burning system starts in January 2023, will make process more efficient and transparent