$Sharbi Burns 5% of Supply and Releases Staking dApp on ETH Chain to Celebrate ETH Toronto
August
13,
2024
–
$Sharbi,
the
multichain
“Queen
of
Memes,”
came
to
life
in
January
2023
and
reached
a
$20
million
all-time
high
(ATH)
on
Ethereum
(ETH).
A
year
and
a
half
later,
Sharbi is
making
two
big
announcements
at
ETH
Toronto,
which
is
being
held
this
week
–
August
13-14
–
in
Toronto,
Canada.
First,
Sharbi’s Decentralized
Autonomous
Organization
(DAO)
team
voted
to
burn
five
percent
(5%)
of
$Sharbi
supply
on
the
ETH
chain,
over
$18,000
in
value,
which
happens
today.
Over
fifty-six
percent
(56%)
of
$Sharbi’s
ETH
supply
is
already
staked.
Next, $Sharbi’s
Staking
dApp
was
just
released
on
the
Ethereum
(ETH)
chain.
With
the
move,
$Sharbi
transitions
to
a
new
paid-to-hold
(P2H)
structure
that
rewards
holders
in
K9
Finance
($KNINE).
“Sharbi
is
truly
committed
to
deflationary
tokenomics
to
increase
the
intrinsic
value
of
$Sharbi
for
its
valued
community
of
holders,”
commented
Andrew
Rosemond,
Sharbi
Core
Team
Member
and
a
DAO
Administrator
for
Sharbi.
“And
with
our
new
P2H
model,
we’re
leaning
into
our
partnership
with
K9
Finance,
a
project
with
massive
upside.
Why
not
strengthen
your
portfolio
by
automatically
diversifying
across
two
trustworthy
tokens?”
Burning
five
percent
of
ETH
supply
also
helps
increase
investors’
ability
to
earn
ETH
rewards.
The
Shibarium
and
Solana
chains
will
be
incorporated
into
Sharbi’s
new
Staking
dApp
in
the
future.
This
week,
Sharbi
is
a
silver-tier
sponsor
at
ETH
Toronto,
with
a
prominent
booth
in
the
Shib
corridor.
At
the
conference,
the
Sharbi
team
will
be
presenting
during
keynote
speaker
panels
and
will
be
featured
through
exclusive,
surprise
interviews.
What’s
more,
Sharbi’s
partnership
with
Living
The
Dream
($LTD)
provided
Sharbi
with
the
opportunity
to
co-sponsor
a
massive
VIP
yacht
party
alongside
several
other
prominent
projects,
such
as
Shibacals,
Bad
Idea
AI
and
K9
Finance.
In
fact,
it’s
the
only
official
afterparty
for
the
conference.
$Sharbi
is
Know
Your
Customer
/
Know
Your
Client
(KYC)
verified.
Updated
audits
further
underscore
the
Sharbi
team’s
commitment
to
security
and
transparency.
The
forward-thinking
Sharbi
team
is
solidifying
an
increasingly
important
role
within
the
world
of
decentralized
finance
(DeFi)
with
a
trusted,
versatile
meme
coin
that
delivers
utility.
For
example,
in
2023,
the
team
struck
a
partnership
with
Zypto
Pay
that
allows
holders
to
use
$Sharbi
to
pay
their
bills,
purchase
gift
cards
and
more
with
a
virtual
or
physical
card.
In
2024,
Sharbi
launched
Sharbi’s
Dream
Factory
as
an
accelerator
program
offering
other
projects
in
the
DeFi
space
access
to
its
network
of
reliable
developers,
marketing/branding
services,
contract
auditing,
volume
generation,
and
much
more.
“Thanks
to
the
power
gained
from
lifting
others
and
positively
contributing
to
the
ecosystem
as
a
whole,
Sharbi
is
now
a
time-tested
phoenix,
ready
to
take
flight,” said Rosemond.
“For
Sharbi,
the
sky’s
the
limit.”
$Sharbi
is
a
fully
decentralized,
100
percent
DAO-controlled,
pay-to-hold
coin.
Of
note,
Sharbi
achieved
The
Verification
Gold
Standard®
of
Assure
DeFi®.
To
date,
Sharbi
has
distributed
over
$1
million
dollars
to
holders
as
passive
earnings.
To
learn
more
about
Sharbi.
see
About
Sharbi
$Sharbi
is
a
community-owned,
multichain
cryptocurrency
built
on
Ethereum,
Shibarium
and
Solana.
Sharbi
harnesses
the
power
of
a
decentralized
WEB3
community
and
is
100
percent
Decentralized
Autonomous
Organization
(DAO)
controlled.
Sharbi
is
a
Know
Your
Customer
/
Know
Your
Client
(KYC)
Verified
Project
and
achieved
The
Verification
Gold
Standard®
of
Assure
DeFi®.
Boom
Boom
Capital,
Sharbi’s
DAO
investment
fund,
participates
in
exclusive
seed
round/pre-sale
crypto
opportunities,
and
all
revenues
generated
are
distributed
quarterly.
A
MEME
2.0
community
token,
Sharbi
provides
ongoing
BONE
and
ETH
rewards
to
holders.
A
four
percent
(4%)
fee
on
Sharbi
transactions
across
the
ETH
chain
(K9
rewards)
and
the
Shibarium
chain
(BONE
rewards)
is
redistributed
to
holders
of
the
respective
chains,
and
a
one
percent
(1%)
fee
on
the
aforementioned
chains
goes
toward
project
liquidity.
Sharbi
is
zero-tax
(0%)
on
Solana
and
offers
rewards
through
a
revenue
share
model
from
Sharbi’s
Dream
Factory.
Connect
with
the
Sharbi
community
on
Twitter
(@SharbiToken)
and
Telegram
(t.me/SharbiPortal).
Media
Contact:
Andrew
Rosemond
Name:
Shib
Dream
Email:
[email protected] Disclaimer: The
information
provided
in
this
press
release
is
not
a
solicitation
for
investment,
nor
is
it
intended
as
investment
advice,
financial
advice,
or
trading
advice.
It
is
strongly
recommended
you
practice
due
diligence,
including
consultation
with
a
professional
financial
advisor,
before
investing
in
or
trading
cryptocurrency
and
securities.
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