In a tweet, Lucie shared the second chapter of the whitepaper, where SHIB is mentioned as the “core” of the ecosystem. The document also labels the token as “one of the greatest currencies in the history of mankind.”
To emphasize the importance of SHIB in the ecosystem, The ShibPaper states that the token would take a “new, yet critical role” in the governance of the Shiba Inu State. The token will be the community’s voice in many decisions.
SHIB has tremendously grown since it launched in 2020, becoming one of the largest cryptocurrencies by market cap (currently 16th at the time of writing).
As part of plans to continue to bolster the token, the team plans to maintain its deflationary nature as several SHIB tokens are set to be burned in a move that will decrease its supply.
This move is expected to increase SHIB’s value as a reduced circulation supply creates an increased scarcity, thereby making the token more valuable. However, the team is cautious about promising the community that SHIB’s price is bound to increase significantly in the future.
Meanwhile, Shibarium’s success is also projected to help boost SHIB’s value, considering that increased trading activity on the layer-2 network invariably means more utility for the token.
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