Shibarium, the decentralized blockchain network powered by Shiba Inu (SHIB) tokens, has announced the release of a new feature that allows users to donate to non-profit validators who help secure and maintain the network. The feature is part of Shibarium’s vision to create a supportive and inclusive ecosystem for its community.
— RagnarShib.eth (@RagnarShiba) November 19, 2023
Validators are nodes that run the Shibarium software and validate transactions on the network. They are rewarded with SHIB tokens for their service, but some validators choose to operate as non-profits and donate their rewards to charitable causes. These validators are crucial for the network’s efficiency and security, as they provide diversity and decentralization.
Shibarium Hopes Users Will Increase Contributions
The new donate feature enables users to contribute financially to their preferred non-profit validators, using any token supported by the Shibarium network. Users can access the feature by navigating to the validator information page from the all validators list and clicking on the donate button. The feature is designed to be intuitive and seamless, allowing users to support the sustenance and growth of these validators.
The donate feature is the latest addition to the Shibarium application, which also includes a FAQ page for quick and easy reference on application-related inquiries and doubts. The application allows users to connect their wallets, stake their SHIB tokens, and earn rewards from the network. The application also showcases the performance, statistics, and updates of the Blockchain.
At the time of writing, Shiba Inu’s price is at a pivotal point. This marks the fourth instance in 16 months where the price of SHIB has been unable to break past the downward-sloping trend line of the declining triangle on the weekly chart.
By the week’s end, SHIB had once again dipped below the 0.236 Fibonacci retracement level. If there isn’t a retest of the trend line within this week, there’s a potential risk of a further drop towards the baseline value of $0.00000715.