Shiba Inu Content Specialist Unveils Criteria for Endorsing Shibarum Projects
Shiba Inu content marketing specialist Lucie recently laid out five new policies guiding her endorsement of projects built on Shibarium, the Shiba Inu ecosystem’s dedicated layer-2 blockchain. Lucie emphasized that these policies are her own and don’t represent the official views of the Shiba Inu development team.
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My new #Shibarium policy rule for investing in #Shibarium projects:
– How much $SHIB does this project burn?
– Are they planning to build in the Metaverse?
– What are they doing for $BONE? Burn, push, or both?
– Are they using $LEASH?
– What good deeds (with blockchain…
— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) April 14, 2024
Focus on SHIB and BONE Utility
A core consideration for Lucie is a project’s contribution to burning SHIB tokens, a key strategy for reducing overall supply and potentially increasing value. Additionally, she looks for projects that enhance the utility of Bone ShibaSwap (BONE), Shibarium’s gas token. This could involve mechanisms for BONE burning or creating functionalities that increase its appeal.
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The LEASH Factor and Metaverse Integration
Lucie will also scrutinize a project’s planned use of Doge Killer (LEASH), another Shiba Inu ecosystem token. Furthermore, she will assess if a project has plans to integrate with the Shiba Inu Metaverse, a virtual world project under development.
Positive Contributions and Transparency
Beyond these token-specific factors, Lucie seeks projects that demonstrably contribute to Shibarium through verifiable blockchain evidence. Transparency is key, with projects expected to showcase their positive impact on the ecosystem.
Endorsed Projects Align with New Policies
While these policies are not financial advice, Lucie highlighted some existing projects that align with her criteria. WoofSwap, a marketplace for Shibarium inscription tokens, was mentioned as a leader. WoofSwap reportedly burns SHIB tokens through its inscription market and has begun burning BONE tokens via their new meme coin, DAMN.
Looking Ahead: A Thriving Shibarium Ecosystem
Other projects cited by Lucie include Shib Dream and Shib CoOp, both contributing to the SHIB Metaverse. K9 Finance, LumiBots, Mantra Protocol, Nest XNFT, DEX MARSWAP, and Shib CoOp were also mentioned for their contributions to BONE staking, Shibarium adoption, NFT integration, and Shiboshi staking, respectively.
Lucie’s new policies offer valuable insights into factors influencing endorsements within the Shiba Inu ecosystem. They highlight the importance of projects that contribute to the overall health and utility of SHIB, BONE, LEASH, and the evolving Shibarium landscape.
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Kayode Michael is a seasoned cryptocurrency analyst, successful trader, and skilled writer with a strong command of cryptocurrency analysis and price action. He leverages his technical analysis skills to provide valuable insights into emerging market trends and potential opportunities for investors to make informed decisions.
