In a post on Shiba Inu Network. . This accompaniment focuses on critical factors that reflect a project’s contribution to the growth and sustainability of the ecosystem.
Five investment rules for Shibarium projects
1. Burn SHIB token: Lucie emphasized the importance of burning SHIB tokens as a primary metric. Token burning, or permanently removing tokens from circulation, is a strategy used to cause scarcity and potentially increase the value of the token over time. Lucie assesses the impact of SHIB burns on the overall health and price stability of the ecosystem.
2. Metaverse Development: The second line focuses on whether projects are planned or currently being built within the Shiba Inu Metaverse. Because SHIB: The Metaverse represents a growing area of development, investments in this space could indicate progressive and innovative capabilities within the Shibarium projects.
3. Involvement with BONE Token: BONE ShibaSwap (BONE), serves as a guest token for transactions within Shibarium. Lucie wonders if a project is involved in burning BONE or creating utilities around it that increase its appeal and functional use within the ecosystem. This utility can have a significant impact on the token’s demand and usage patterns.
4. LEASH Token Usage: Another crucial factor is the use of Doge Killer (LEASH), another important sign in the ecosystem. Projects’ plans to incorporate LEASH into their functionalities or governance structures reflect their depth of integration within the Shibarium network.
5. Verified Contributions to Shibarium: The final criterion concerns assessing the tangible, positive contributions that a project has made to the improvement of Shibarium, requiring that these contributions be verifiable on the blockchain. This transparency ensures that the projects not only promise, but also deliver real value to the ecosystem.
Examples of Shiba Inu projects that meet Lucie’s criteria
Lucie mentioned several projects that illustrate her investment rules. For example, WoofSwap has been a proactive participant in branding SHIB and BONE through its inscription tokens and the launch of its meme coin, DAMN. This activity helps reduce the circulation of key tokens, potentially increasing their value.
Shib Dream and Shib CoOp were cited for their contributions to building within the Shiba Inu Metaverse, a key area of development that could usher in new usability and user engagement within the ecosystem. K9 Finance is known for improving liquidity and staking mechanisms for BONE, creating more robust economic incentives and usability for the token.
In terms of blockchain-verifiable contributions, projects like LumiBots, Mantra Protocol, NestX, and Shib CoOp are helping drive NFT adoption on Shibarium, facilitating a broader use case for digital assets within the ecosystem. DEX MARSWAP was highlighted for its role in facilitating Shiboshi’s strike and supporting new projects within the ecosystem.
Shib dream responded enthusiastically with the support of Lucie: “All great projects! We have burned more than a billion Shib. More than 30,000 euros invested in Shibarium projects. Building in the Metaverse. Gave back more than $60,000 to the community. Good Deeds – Over $10,000 in donations. I don’t use Leash yet, I’ll find out. Other things will follow soon. SHIBARIUM. Keep building. Keep dreaming.”
At the time of writing, SHIB was trading at $0.00002360.
Featured image created with DALL·E, chart from TradingView.com
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