LaborX, a leading player in the freelancing sphere, has made a significant move by incorporating two cryptocurrency tokens, Shiba Inu (SHIB) and Bone ShibaSwap (BONE), into its platform. This strategic integration has opened up new possibilities for freelancers, bridging the gap between the gig economy and the world of digital currencies.
Known as the “meme coin Rock Star band” of freelancing, LaborX has made a game-changing announcement that has resonated within both the cryptocurrency and freelance communities. With the Web3 landscape expanding rapidly, LaborX’s decision to embrace SHIB and BONE tokens positions freelancers at the forefront of decentralized opportunities.
LaborX’s journey into the world of meme coins began in February of the previous year when it added support for Shiba Inu (SHIB). The initiative was received with great enthusiasm by users, as it allowed them to earn iconic meme coins by completing various tasks. This initial success laid the foundation for LaborX’s latest integration.
With SHIB fully integrated into LaborX’s payment ecosystem, freelancers can once again immerse themselves in Web3 and have the potential to earn SHIB tokens while offering their skills and services. This combination of freelancing and cryptocurrency perfectly embodies LaborX’s innovative spirit.
In quick succession, after integrating SHIB, LaborX introduced Bone ShibaSwap (BONE) as an additional payment option. This strategic move allows users to engage in Web3 jobs or post freelance opportunities while accumulating BONE tokens. The inclusion of BONE highlights LaborX’s commitment to remaining at the forefront of Web3 advancements.
Beyond the cryptocurrency integrations, LaborX’s underlying blockchain infrastructure, Shibarium, has achieved a remarkable milestone within just a month and a half of its launch. The platform has witnessed over 3,000,000 transactions, showcasing Shibarium’s scalability and potential.
However, it is important to note that daily transaction numbers on Shibarium have fluctuated. After reaching a peak of approximately 200,720 daily transactions around September 13th, the figures have stabilized at around 42,590 daily transactions. This surge in transactions generated great anticipation within the SHIB community, as it not only expands SHIB’s utility but also contributes to Shiba Inu burns.
Each transaction on Shibarium allocates a portion of the gas fees, paid in BONE tokens, for future burns. Once a certain threshold is reached, the accumulated BONE is converted into SHIB and transferred to inaccessible wallets, effectively reducing SHIB’s circulating supply. To date, 0.5 BONE has been accumulated for future SHIB burns.
Despite Shibarium’s impressive journey, it has faced its fair share of challenges. On September 12th and 13th, Shibarium experienced an unexpected surge in gas fees, reaching 60-70% of the permitted gas limit of 20,000,000. These fluctuations emphasize the importance of continuous development and optimization of the platform to ensure a seamless user experience.
In a recent update, the SHIB community successfully removed a significant amount of SHIB from circulation within the past 24 hours, totaling close to 200 million SHIB. The burn rate has increased by an astonishing 535%, resulting in the destruction of 194,116,333 Shiba Inu coins. This relentless burn strategy is part of the SHIB community’s ongoing efforts to create scarcity and value for SHIB holders.
As the week progresses, the platform will tally the total SHIB burned for the week. Last week witnessed the SHIB community extinguishing more than half a billion SHIB meme coins, locking them away in unspendable cryptocurrency wallets.
In conclusion, LaborX’s integration of SHIB and BONE tokens marks a groundbreaking stride that solidifies its position as a pioneer in the Web3 freelance ecosystem. The remarkable milestones achieved by Shibarium, coupled with the relentless SHIB burns, reflect the vibrant and dynamic nature of the Web3 community. As Web3 continues to evolve, LaborX stands as a beacon, offering freelancers unprecedented opportunities in this decentralized frontier.