The official marketing lead for the Shiba Inu (SHIB) team, known as Lucie, recently took to X (formerly Twitter) to address several pressing concerns within the community. Her thread shed light on the challenges hindering development on Shibarium, proposed a novel approach to burning SHIB tokens, and reaffirmed SHIB's status as "the people's coin."
Cultivating Development and SHIB Burns
A key point of discussion revolved around the observed reluctance of developers to build directly on Shibarium. Lucie clarified that, unlike some other blockchain ecosystems such as Ethereum or Cardano, SHIB lacks a dedicated treasury to fund new projects. This means any new product or service for SHIB must be designed to generate its own revenue to become viable, emphasizing the need for a "clear vision and solid execution" from developers. Intriguingly, Lucie also highlighted a new method for SHIB coin burning: engaging with games developed by the SHIB team. Playing these games not only allows users to earn SHIB but also contributes to the token's deflationary mechanism, as Shibarium burns SHIB with every transaction.
SHIB's Claim as "The People's Coin"
Lucie unequivocally declared that SHIB "was, is, and always will be the people’s coin." This assertion echoes sentiments previously expressed by tech entrepreneur Elon Musk regarding Dogecoin (DOGE), which he once hailed as "the people’s currency." While both meme coins aim for broad community adoption, the current market landscape shows Dogecoin holding a significantly larger market capitalization than Shiba Inu, with DOGE positioned much higher on CoinMarketCap rankings. Despite this, Lucie's statements underscore the SHIB team's enduring vision for the token as a truly decentralized and community-driven asset.
