Shiba Inu ecosystem official Lucie has issued her new guidelines for investing in projects building Shibarium, the ecosystem’s dedicated layer-2 blockchain.
In a recent post on X, Lucie, a content marketing specialist, unveiled five new policies to guide her endorsement of Shibarum projects. The policies concern the project’s efforts and contribution to improving the Shiba Inu ecosystem. Lucie clarified that the five policies outlined were her own and did not represent the views of the Shiba Inu development team.
My new #Shibarium policy rule for investing in #Shibarium projects:
– How much $SHIB does this project burn?
– Are they planning to build in the Metaverse?
– What are they doing for $BONE? Burn, push, or both?
– Are they using $LEASH?
– What good deeds (with blockchain…
— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO 🧜🏼♀️ (@LucieSHIB) April 14, 2024
The Five New Policies
According to Lucie, one of the first factors she would examine before investing in a Shibarium project is the project’s contributions towards SHIB burn. “How much SHIB does this project burn,” Lucie would ask.
Aside from the SHIB burns, Lucie would query the project’s efforts regarding Shibarium’s gas token, Bone ShibaSwap (BONE). Specifically, she would affirm whether the project burns BONE or creates a utility around it that would promote its appeal.
Also, the project’s planned utility of Doge Killer (LEASH), another Shiba Inu ecosystem token, if any, would be scrutinized. Furthermore, the Shiba Inu ecosystem representative noted that she would also examine whether the project has plans to build in the Shiba Inu Metaverse.
Moreover, Lucie would take into account the positive contributions with blockchain evidence that the project has made for Shibarium.
Meanwhile, Lucie has stressed that the outlined five policies are strictly her own and do not necessarily reflect the views of the Shiba Inu development team. She also stressed that these should not construe financial advice for investors.
Shiba Inu Projects Already Fulfiling Lucie’s Rules
Simultaneously, the Shiba Inu official cited examples of Shiba Inu projects she has endorsed that already align with her newly unveiled policies. Leading the list was WoofSwap, a marketplace for Shibarium inscription tokens.
Lucie disclosed that WoofSwap has contributed to burning SHIB tokens through the inscriptions market. Now, the project is burning BONE tokens via the newly launched meme coin DAMN.
Furthermore, Lucie cited Shib Dream and Shib CoOp as two projects actively contributing to the SHIB Metaverse.
Other projects mentioned include K9 Finance, a liquidity staking platform for BONE; LumiBots, which actively promotes Shibarium adoption; Mantra Protocol, Nest XNFT, and Shib CoOp, which aid in NFT adoption on Shibarium; and DEX MARSWAP, which facilitates Shiboshis staking.
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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