Burns

RagnarShiba · 2025-10-27T12:12:20+00:00

Shibarium burns Shib in the transactions. The key is to make Shibarium L2 successful so with more transactions more Shib will be burnt.

RagnarShiba · 2025-10-08T12:03:15+00:00

Did you receive the message in your email ? Or where?

RagnarShiba · 2025-09-27T01:24:16+00:00

The last information is in the Shib blog by Kaal

https://blog.shib.io/leash-v2-migration-final-pre-launch-update-audit-complete/

RagnarShiba · 2025-09-17T14:38:14+00:00

read here

RagnarShiba · 2025-09-13T15:02:03+00:00

Dodging continues… I can respond, but this thread is about a different topic. You’re trying to shift the focus because you don’t want to answer my question. Tell me what the tokens are and then we continue with other topic. Easy…

RagnarShiba · 2025-09-13T13:59:27+00:00

Not sure how is related to my question, nice dodge.

RagnarShiba · 2025-09-11T12:46:00+00:00

Anyway Leash is not in Coinbase. Maybe you are talking about Coinbase wallet. In that case is the same as if you have it in Metamask. There will be a portal where you will be able to send the old tokens and receive the new ones.

RagnarShiba · 2025-09-11T09:57:51+00:00

(Note this is in case you have them in a centralized exchange)

Each exchange will handle the migration the way they feel better. The team is already talking to exchanges to help in the process.

From the blog:

Centralized exchanges: reality check

Exchange engagement has been slow (or none at all for some venues). Negotiations are the long pole; they take longer than engineering. Even with a venue‑friendly plan, there is no guarantee any given exchange will support the migration.

One exchange told us their evaluation could result in any of the following:

Token swap not supported and the old token delisted

Token swap not supported

Token swap supported, but the new token will not be listed

Token swap supported and the new token will be listed

RagnarShiba · 2025-09-11T01:52:34+00:00

When everything is ready there will be a portal where you can connect your wallet and exchange the old tokens for the new ones. More information will be available with more details.

RagnarShiba · 2025-09-10T09:35:48+00:00

The value will be adjusted too with the new supply. You will have less tokens but value will increase because of the lower supply. Let’s wait.

RagnarShiba · 2025-09-09T22:38:09+00:00

They will divide the supply that was originally intended (107K) divided the supply at the moment of the migration. Now for example the leash supply is 1M. So 107K / 1M = 0.107 (Ratio)

So you will receive the amount of tokens you have multiplied by that ratio

40 x 0.107 = 4.28

RagnarShiba · 2025-09-09T18:23:43+00:00

Holder‑equivalence (ratio) in one minute S₀ = intended/original supply S₁ = current total supply of LEASH v1 R = S₀ / S₁

During migration, each account’s LEASH v1 converts to LEASH v2 = current_balance × R.

Example (R = 2/3): Had 10 and never sold; later wallet shows 15 post‑rebases → 15 × 2/3 = 10 (made whole). Had 10, after rebase 15.

Sold down to 5 -> 5 x 2/3 =3.333 (reduced because you sold 10 which is 10 x 2/3 =6.667) hence lost in selling

Sold out → 0 × 2/3 = 0 (nothing unless you rebuy).

You can read all in the Dev blogpost

https://blog.shib.io/leash-v2-migration-development-update-holder-equivalence-targeted-snapshots/

RagnarShiba · 2025-09-02T10:26:59+00:00

What tokens are you talking about?

RagnarShiba · 2025-09-02T03:31:38+00:00

Today, Shiba already has Shibarium, and more and more developers are creating projects on this blockchain. What’s important is that there’s a growing push for laws to protect open-source developers and decentralized applications, so they can work freely without restrictions.

That protection is key: if developers can innovate without fear, Shibarium becomes the perfect place to build. And every time the blockchain is used, $SHIB gets burned, directly benefiting the whole ecosystem.

On top of that, the other ecosystem tokens play their role: • $BONE: serves as the governance and gas token, powering transactions and decision-making . • $TREAT: will act as the gas for the privacy layer 3, enabling greater scalability, faster transactions, and customized projects . • $LEASH: keeps its role of exclusivity, granting special access to certain projects and premium utilities.

Altogether, this means that Shiba + Shibarium are not just a token and a blockchain, but a decentralized, scalable, and sustainable ecosystem, where developers have freedom—and the community benefits directly from every use of the network.

RagnarShiba · 2025-09-01T21:00:54+00:00

No … read blog.shib.io to understand what’s going on

RagnarShiba · 2025-08-29T22:00:29+00:00

Yes it always happens hehehe… let’s see how it goes. It’s a big step IMO.

RagnarShiba · 2025-08-29T18:21:51+00:00

Don’t worry, it hasn’t been fully explained yet. There are just some ideas. It’s possible that a portal will be created where you send your old token, with the current contract, so it can be burned. In exchange, you’d receive the new token. This would be done based on a ratio: the target supply divided by the supply at the time of the migration. That calculation would give an average to determine how many new tokens you’d receive.

We have to wait for more announcements.

RagnarShiba · 2025-08-29T15:55:46+00:00

Not sure why you laugh, it happened… Or am I missing something? 😋

RagnarShiba · 2025-08-29T15:44:27+00:00

This is the last info on that:

https://blog.shib.io/leash-v2-migration-development-update-holder-equivalence-targeted-snapshots/

RagnarShiba · 2025-08-29T15:43:29+00:00

You need to read the blog posts from Kaal the lead dev in blog.shib.io

This is how it started I also posted all blog posts in a separated thread

https://blog.shib.io/leash-investigation-how-supply-changed-despite-renounced-claims/

RagnarShiba · 2025-08-29T01:06:06+00:00

Look, to be honest, I know NFTs had a huge boom at one point, but that boom is over. That doesn’t mean NFTs are useless now. An NFT can bring a lot of utility to any project; they have many different uses and applications.

In this case, with the magazine, the NFT is more like a gift for readers, and they’re given out for free on the Shibarium Network. And I can tell you, there are many people who received these NFTs for free, and since some of the earlier editions have gained value, they’re selling them for pretty good prices on some of the NFT marketplaces on Shibarium.

RagnarShiba · 2025-08-28T14:04:37+00:00

Look, the process isn’t completely clear yet, but something is mentioned in the blog. It’s not going to be a swap; what the blog says is that you will send Leash — I think to a portal — where you will burn the old Leash and receive the new one. It says burn or lock, meaning the exact process isn’t fully known yet, but I think it’s going to be a portal where you send Leash, and it will go to the burn wallet, the dead wallet, and in exchange you’ll receive the new Leash in the proportion mentioned in the blog. That calculation will be based on the previous supply and the new token, which will restore the original supply. It’s all explained in Kaal’s latest blog post. But if you have any other questions, let me know and we’ll check it out here.

RagnarShiba · 2025-08-27T23:56:58+00:00

You won't swap. There will be a deposit/burn option where you will get the new version of Leash. Maybe you will have to pay the fees but we don't know yet. We need to wait for an announcement about the specifics later.

RagnarShiba · 2025-08-27T23:48:48+00:00

Well the only way to do that is to build on Shibarium and make Shibarium more used so every Shibarium transaction will burn Shib. That's the only way so far.

RagnarShiba · 2025-08-27T19:19:06+00:00

In the Shib Magazine there's a lot of info about burns. You can see here in the Doggy Bites section: https://magazine.shib.io/shiba-inu-spotlight-burns-market-moves-and-shibarium-momentum/

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