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Shibarium developers announced the introduction of a new feature to enhance community interaction with the project and support the network’s validators, in order to strengthen the Shiba Inu ecosystem. The development team of Shibarium introduced the “Donation” feature.
Shibarium’s New Features
This feature indicates that long-term plans are being made for the network and emphasizes the importance of user participation. One of the important figures in the Shiba Inu community, Ragnar Shib, stated the following in his announcement on X:
New updates on the official Shibarium website. Let’s go!!! Check out our latest announcements and FAQ section.
The official statement on the Shibarium website was as follows:
This feature allows our user community to financially contribute to non-profit validators, which is crucial for maintaining the efficiency and security of the Shibarium network.
It was stated that the donation feature, which is the basis of this initiative, has been made user-friendly. Users will be able to access the information page of the validator they choose from the comprehensive list shared during this process, select the “Donate” button, and specify the token and amount they want to contribute.
This initiative is a strategic move to enhance the resilience of the Shibarium network. Validators are one of the cornerstones of the blockchain operation. These validators are responsible for verifying transactions on the network.
Currently, there are 12 validators in the Shibarium network. The top 5 validators are ShibArmy America with 5.18 million BONE, Unification with 4.91 million BONE, ShibArmy Europe with 2.99 million BONE, Ryoshi Labs with 1.77 million BONE, and ShibArmy Asia with 1.57 million BONE.
The number of validator slots is limited to 100. Each validator is required to deposit 10,000 BONE to participate. Currently, there are 21,488,549 BONE worth $13.6 million in Shibarium.
Shiba Inu Price in Turkish Lira
As of the time of writing, Shiba Inu price continued to trade at a critical level. The SHIB price encountered a rejection at the decreasing trend line (blue line) of the descending triangle, according to the weekly price chart for the fourth time in the past 16 months. Over the weekend, the SHIB price fell below the 0.236 Fibonacci retracement level again.
If the trend line is not retested this week, the price may witness a drop towards the neckline at $0.00000715. In terms of Turkish Lira, Shiba Inu is trading at 0.0002485 TL.
