In a post on Shiba Inu. . This twitter.com/LucieSHIB/status/1779373521283506433″ target=”_blank” rel=”nofollow”>guide focuses on critical factors that reflect a project's contribution to ecosystem growth and sustainability.
Five investment rules for Shibarium projects
1. Burning SHIB tokens: Lucie emphasized the importance of SHIB token burning as a primary metric. Token burning, or permanently removing tokens from circulation, is a strategy used to induce scarcity and potentially improve the value of the token over time. Lucie assesses the impact of SHIB burning on the overall health and price stability of the ecosystem.
2. Development of the metaverse: The second rule focuses on whether projects are currently being planned or built within the Shiba Inu Metaverse. As SHIB: The Metaverse represents a burgeoning area for development, investments in this space could signal innovative and forward-thinking capabilities within Shibarium projects.
3. Commitment to BONE Token: BONE ShibaSwap (BONE), serves as a gas token for transactions within Shibarium. Lucie asks if a project involves burning BONE or creating utilities around it that increase its attractiveness and functional use within the ecosystem. This utility can significantly affect the usage and demand patterns of the token.
4. Use of the LEASH token: Another crucial factor is the use of Doge Killer (LEASH), another important token 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 involves evaluating the tangible and positive contributions that a project has made to improve Shibarium, with these contributions needing to be verifiable on the blockchain. This transparency ensures that projects not only promise but also deliver real value to the ecosystem.
Examples of Shiba Inu projects that meet Lucie's criteria
Lucie named several projects that exemplify her investment rules. WoofSwap, for example, has been a proactive participant in SHIB and BONE by burning its enrollment tokens and launching 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, an important area of development that could herald new utilities and user engagement within the ecosystem. K9 Finance has excelled at improving liquidity and staking mechanisms for BONE, creating stronger economic incentives and utility for the token.
In terms of blockchain-verifiable contributions, projects like LumiBots, Mantra Protocol, NestX, and Shib CoOp aid in the adoption of nfts on Shibarium, facilitating a broader use case for digital assets within the ecosystem. DEX MARSWAP stood out for its role in facilitating the participation of Shiboshis and supporting new projects within the ecosystem.
Dream about Shib twitter.com/theshibdream/status/1779391113054343257″ target=”_blank” rel=”nofollow”>answered with enthusiasm at Lucie's endorsement: “All great projects! We have burned more than a billion Shib. Invested more than 30K in Shibarium projects. Building in the Metaverse. He returned more than $60 thousand to the community. Good deeds: more than $10 thousand in donations. I don't use Leash yet and I'll find out. Other things coming soon. SHIBARIO. Keep building. Keep dreaming.”
At press time, SHIB was trading at $0.00002360.
Featured image created with DALL·E, chart from TradingView.com
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