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Altcoins & Tokens1d ago

SHIB's 'IOU' Token Gets a Pep Talk as Burn Rate Goes to the Moon

$SHIB$LEASH$BONE$TREAT$ETH$BNB

Lucie, Shiba Inu's head of marketing, took to X to rally the SHIB army after the recent Shibarium bridge hack. She emphasized the importance of the 'SOU' (SHIB Owes You) initiative, framing it as the team's accountability measure for affected users. The message was clear: despite the breach, the SHIB army moves forward, proving that in crypto, resilience is the only non-negotiable asset.

Lucie shared an AI-generated video featuring a SHIB typing away, spotlighting major ecosystem tokens like SHIB, LEASH, BONE, and TREAT, along with WoofSwap. The star of the show, however, was the SOU token itself. SOU is designed to compensate users who lost funds in the Plasma Bridge exploit. It's all about 'on-chain proof, real claims, real recovery,' as Lucie put it, essentially turning a bad situation into a case study for the rest of the industry to copy.

The SOU framework operates in two layers. The first is an accounting layer using SOU NFTs on Ethereum, which registers user losses. The second is a community recovery layer on BSC, aimed at raising funds for compensation. In short, it's the builders rebuilding while others just post, a classic case of code over chatter.

In more positive SHIB news, the daily burn rate has skyrocketed by 910.98%. According to Shibburn, the community burned 4,369,584 SHIB in the last 24 hours across four transactions, with the largest burns sending over 2.7 million and 1 million SHIB to dead wallets. This is a sharp reversal from the previous three days, where the burn rate was deep in the red with zero burns, including a paltry 19,000 SHIB destroyed on January 9. It seems the community decided to turn the heat up, literally.

SHIB's 'IOU' Token Gets a Pep Talk as Burn Rate Goes to the Moon - GasCope Crypto News | GasCope