Team recently confirmed that Layer 2 solution will have a mechanism for burning $SHIB tokens
This process can be carried out through the implementation of special burn transactions that transfer tokens from one address to a predetermined"burn" address where those tokens reside forever, never to be used or traded again.
The concept of token burning is employed as a means of controlling inflation within the cryptocurrency economy and ensuring that the value per single token remains steady over time, increasing its desirability., the team of developers behind Shibarium recently confirmed that all transactions on the network would have an implicit burn amount for the SHIB token while introducing the basic concepts of the much-antcipated solution.
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