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The official X account for the BONE token (@Bone_Shibarium) has published the passing results of a voting that is taking place on the Shiba Inu website at the moment. The voting is related to burns of SHIB and BONE tokens on Shibarium and how they should be handled in the future.
The mysterious SHIB leader, known under the pseudonym Shytoshi Kusama, as well as the top developer Kaal Dhairya, were tagged in the tweet. Even though Kusama says that he is no longer the SHIB lead and now it is the community that makes all important decisions, he still might have some influence when deciding on such important issues.
SHIB-BONE Shibarium burn poll gains traction
According to the screenshot shared in the post, so far 120,000 BONE tokens have been used by voters in the poll. “Huge progress,” it points out. Users are voting using their BONE holdings.
Until now, part of the BONE gas fees were set aside to be later converted into SHIB and burned. But now the poll offers several options — to burn only SHIB or to burn both SHIB and BONE but in various proportions.
The results so far are the following: 756.702 BONE are for burning SHIB tokens only; 17,108.524 BONE have been given to vote for “50% burning SHIB, 50% burning BONE.”
A total of 89.496 BONE have been sent to vote for the “70% burning SHIB, 30% burning BONE” option and the biggest amount of crypto so far, 103,793.287 BONE, was given to vote for the last option on the poll: “BONE ≤ $2 burning BONE, BONE ＞ $2 burning SHIB.”
SHIB burns plunge 95%
According to data published by Shibburn, the daily SHIB burn rate has displayed a heavy decline and fallen by 95.08%. The amount of meme coins that has been destroyed since Friday morning so far comprises less than half a million — 313,491 SHIB.
However, as for the weekly burns, even though the reading of this metric is also negative, minus 70.78%, the SHIB chunk that has been transferred to unspendable wallets over the past seven days is much bigger. It constitutes 34,515,020 SHIB.
The official SHIB burn website says that by now a total of 410,751,441,548,552 SHIB have been driven out of circulation, which is slightly less than half of the initial quadrillion supply.
Vladislav Sopov
U.Today Editorial Team