Pawswap, a decentralized exchange (DEX) built on the Shiba Inu Layer two network Shibarium, is set to beef up PAW token burning by adding code to its codebase. Notable Pawswap developer PawKishi added the code to the GitHub recently.

The code will permit the platform to reduce the total supply of tokens by allowing users to burn a certain amount of tokens from a specific account. It will first check that the account from which the tokens are being burned is not the zero address and then ensure the specified token amount exists. Once the requirements are met, the function will subtract the amount from the account’s balance while emitting a “Transfer” event to the zero address.

To ensure the code's security and reliability, developers filed the codebase to the blockchain security platform Certik. Certik performs formal verifications of smart contracts and codes, which is important for detecting any vulnerabilities.

In addition to the code, a dedicated burn portal is already in place and Shiba Inu burns are also expected to be bolstered through the platform's fees on Shibarium. It is worth noting that 70% of the base transaction fees on Shibarium will be used to purchase and burn SHIB tokens.

Pawswap is slated to launch publicly anywhere between the fourth quarter of 2023 and the first quarter of 2024, with the public beta testing phase scheduled for the second quarter of 2023 to the fourth quarter of 2023.



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