The Shiba Inu burn tracker clarifies the decentralized nature of SHIB and urges understanding of its distinction from the broader Shiba Inu ecosystem.
Shibburn, a prominent community-driven Shiba Inu burn tracker, recently took to Twitter to address misconceptions and clarify the decentralized nature of the Shiba Inu token.
In its official statement, Shibburn underscored the complete decentralization of Shiba Inu, signifying the absence of any proprietors or authoritative individuals making centralized decisions for the token.
Keep in mind that $SHIB is 100% decentralized, meaning it has no owners, partners, or officials that make centralized decisions. It has been the case since it was renounced. It should be regarded as gold and treated accordingly. The same can be said about other decentralized…
— Shibburn (@shibburn) July 8, 2023
The emphasis was placed on the longstanding implementation of this decentralized structure since the token’s renouncement, urging users to perceive it as a digital asset comparable to gold and to accord it the appropriate treatment it deserves.
Shiba Inu Ecosystem and SHIB Tokens Are Different Entities
The tweet aimed to address misconceptions regarding the broader Shiba Inu ecosystem and the SHIB token specifically.
Shibburn emphasized the need to differentiate between the two and called upon users and blogs to actively advocate for the concept of decentralized assets, free from any association with individuals in positions of authority.
It noted that its intention was not to spread fear, uncertainty, and doubt (FUD) or create division but to raise awareness and test the concept of decentralization.
Shibburn made a clear emphasis on the inclusivity of the Shiba Inu platform, highlighting that individuals or entities have the freedom to develop projects with either centralized or decentralized characteristics.
While acknowledging the existence of companies focusing solely on a particular token, Shibburn kindly requested respect and understanding for these decisions.
Meanwhile, it expressed disappointment in witnessing the actions taken by some individuals based on misinformation, highlighting the need for proper research and critical thinking.
Shibburn Suffers Drawback
The tweet underscored Shibburn’s challenges, including campaigns against burns and false accusations from individuals who oppose its initiatives.
The burn tracker recounted a campaign with the slogan “No to Burn, Yes to Stake” that led to the deletion of comments and closure of its direct messages.
In addition, recall that Twitter recently suspended Shibburn’s tracking bot app for allegedly violating community standards, as The Crypto Basic reported.
Despite these challenges, Shibburn remained steadfast in its support for burns and clarified that it never encouraged anyone to invest, contribute money, or burn tokens using their hard-earned funds.
It reiterated its commitment to supporting burns and sharing information without instructing anyone to take specific actions.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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