$Sharbi Burns 5% of Supply and Releases Staking dApp
Significant Developments
$Sharbi, the multichain 'Queen of Memes,' came to life in January 2023 and reached a $20 million all-time high on Ethereum (ETH). Recently, $Sharbi made two major announcements during a prominent event in Toronto. The first announcement is that the Decentralized Autonomous Organization (DAO) team has voted to burn five percent (5%) of the $Sharbi supply on the ETH chain, equating to over $18,000 in value. Additionally, over fifty-six percent (56%) of $Sharbi's ETH supply is already staked.
Furthermore, $Sharbi's new Staking dApp has been launched on the Ethereum chain, which transitions $Sharbi to a new paid-to-hold (P2H) structure that rewards holders in K9 Finance ($KNINE).
Commitment to Tokenomics
Andrew Rosemond, a Core Team Member and DAO Administrator for Sharbi, commented on the commitment to deflationary tokenomics: "Sharbi is truly committed to increasing the intrinsic value of $Sharbi for its valued community of holders. With our new P2H model, we are leaning into our partnership with K9 Finance, a project with massive upside. Why not strengthen your portfolio by automatically diversifying across two trustworthy tokens?" This strategy not only adds value but also enhances investors' ability to earn ETH rewards.
Future Plans
Looking forward, Shibarium and Solana chains will be integrated into Sharbi's Staking dApp, expanding its utility and reach.
Participation at ETH Toronto
This week, Sharbi is a silver-tier sponsor at an important conference, featuring a prominent booth within the Shib corridor. The Sharbi team will be actively participating in panel discussions and exclusive interviews during the event.
Community Engagement
Moreover, Sharbi's partnership with Living The Dream ($LTD) allowed for co-sponsoring a VIP yacht party, which serves as the official afterparty for the event. This collaboration highlights the growing engagement and community spirit within the Sharbi ecosystem.
Achievements and Opportunities
$Sharbi is KYC verified, with updated audits reinforcing its commitment to security and transparency. The Sharbi team is playing a vital role in decentralized finance (DeFi) with a trusted, versatile meme coin that provides real utility. In 2023, Sharbi partnered with Zypto Pay to enable holders to pay bills and purchase gift cards using $Sharbi. Additionally, the launch of Sharbi’s Dream Factory enhances development opportunities for new projects.
"Thanks to the power gained from lifting others and positively contributing to the ecosystem, Sharbi is now ready to take flight," said Rosemond. "For Sharbi, the sky’s the limit." Sharbi is fully decentralized and 100% DAO-controlled, having achieved The Verification Gold Standard of Assure DeFi, with over $1 million distributed to holders as passive earnings.
Frequently Asked Questions
What is $Sharbi?
$Sharbi is a multichain cryptocurrency built on Ethereum, Shibarium, and Solana, fully controlled by its community through a Decentralized Autonomous Organization (DAO).
What recent changes have been made to $Sharbi?
The $Sharbi DAO team voted to burn five percent (5%) of its supply and launched a new staking dApp on the Ethereum chain.
What rewards will token holders receive?
The new paid-to-hold (P2H) structure rewards holders primarily in K9 Finance ($KNINE), increasing the potential for earnings.
How does the community benefit from Sharbi?
Sharbi offers various benefits through partnerships and programs, such as the ability to pay bills with $Sharbi and opportunities for project collaborations within the DeFi space.
Is $Sharbi a secure investment?
$Sharbi is KYC verified, with regular audits that ensure transparency and commitment to the security of its community.
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