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Shiba Inu Burn Tracker Unveils SHIB Association, What Is It About?
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Shiba Inu Burn Tracker Unveils SHIB Association, What Is It About?

Scott Matherson
Scott Matherson
1 year ago
3 mins read
Shiba Inu Shib Association

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A popular Shiba Inu burn tracker has made a significant step in the meme coin’s evolution with the launch of the aptly named SHIB Association, an innovative venture exclusively centered around the Shiba Inu ecosystem.  

Newly Launched SHIB Association Unmasked

In a rather lengthy X (formerly known as Twitter) post, Shibburn announced the launch of the SHIB Association, a novelty initiation that may play a pivotal role in the future progress of the Shiba Inu ecosystem and the improvement of the SHIB community. 

Shibburn stated that the SHIB Association was created to facilitate the growth and advancement of SHIB by bringing forward development, utilities, and innovative solutions into the SHIB ecosystem. 

It also added that the newly launched venture will be facilitating the creation of a dedicated blockchain for the Shiba Inu native token, SHIB. This strategic move may impact the advancement of the SHIB ecosystem following the launch of Shibarium. It will also ensure SHIB community members have an independent blockchain, offering better control and flexibility of the token’s capabilities. 

“I announced ‘Shib Association’ earlier today, a new venture focused solely on SHIB. We will bring utility, and innovation to SHIB, including its own blockchain. This is another option for people that believe in SHIB, and want the focus to be in SHIB without having to be locked into an ecosystem,” the post read.  

Shiba Inu price chart from Tradingview.com (SHIB Association)

Token price sitting at $0.00000825 | Source: SHIBUSD on Tradingview.com

What SHIB Association Means For Shiba Inu Price

As news of the SHIB Association unfolds and spreads across the crypto space, SHIB community members and crypto enthusiasts have pondered on the impacts SHIB Association would have on the price of the Shiba Inu token. 

One of SHIB’s community members has asked if the operations of the SHIB Association would influence the SHIB token’s price. In response, the creator of Shibburn refuted the possibility of SHIB Association or SHIB burning exercises or rates causing any positive or negative impact on Shiba Inu’s price, emphasizing that Shibburn and SHIB Association are independent entities. 

“Please don’t confuse Shibburn with other projects. Shibburn is an independent company. Also, the Shib Association won’t be part of Shibburn, but we will contribute to it,” Shibburn stated. 

While relaying all the developments SHIB Association has in store for the Shiba Inu ecosystem, Shibburn highlighted its dedication and commitment to Shiba Inu and its community. 

The SHIB burn tracker stated that it had no prior affiliations with the anonymous group behind Shiba Inu, Ryoshi when it launched in 2019. However, it started as a burn tracker for Shiba Inu tokens to provide SHIB community members with important information about burns.

The tracker has also stated that it has no obligation to reduce significant amounts of SHIB tokens from supply. Adding that every SHIB community member has a significant role to play in the growth and development of the Shiba Inu ecosystem. 

“Many believe it’s my responsibility to remove massive amounts from the supply when I’m just a community member like you. Shibburn doesn’t belong to any other teams. Shibburn is an independent company I created to help out,” Shibburn said.

Featured image from iStock, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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