Wen Shibarium? Here is the Official Update From the Lead Developer of the Shiba Inu (SHIB) Ecosystem, Shytoshi Kusama.
Shytoshi Kusama finally unveiled the timeframe of completion of much-awaited upcoming projects, including Shibarium, SHI, and ShibFE (Shibarium Financial Ecosystem).
The lead developer of Shiba Inu (SHIB) has recently published a blog article on Shibaswap.com with the title: “Shibshire Blast away.” Shytoshi provides a clearer picture of Shibarium, SHI, and SHIBFE alongside the already known SHIB ecosystem tokens of SHIB, LEASH, and BONE through the blog post. At the same time, he also unveiled the curtain from the secret dubbed “CK1”.
Shytoshi Kusama officially confirms that the main financial components of Ryoshi’s Vision that are in development are nearing completion: Shibarium, Shi, and ShibFE. Whereas, he refused to give the exact dates at the moment but provided the community a clue that they could expect to see one or multiple of these projects to be launched before the end of summer or very early fall.
Just before unveiling the timeframes, he also called the community for the first Shibarium Hackathon, as he wanted the community to be involved and wants them to get prepared before the “Shibarium,” the real backbone of all the Shib projects, including SHI, ShibFE, etc. that are in development comes into life.
As the blog post reads:
“Shibarium Hackathon will help educate the community on Shibarium and reward teams with funds to build on Shibarium.”
In his blog post, the lead developer of the Shiba Inu ecosystem called “Shibarium” is the backbone of all the Shib projects in development – especially SHI and ShibFE (Shibarium Financial Ecosystem).
The blog post reads:
“Our L2 Blockchain for Ethereum (utilizing $BONE ) is the back…bone of all the Shib projects in development and will offer a scaling and low-cost solution for a myriad of projects outside the realm of this article.”
He confirms that Shibarium is near to launch and may come into life in the coming few weeks or months. But, he refused to give the exact dates at the moment.
However, the lead developer of the SHIB ecosystem assured SHIB Community that the team is ready for a safe and final launch of a decentralized world very soon, where the community would be in control. Therefore, the community should prepare themselves before the time runs out.
This assurance clues that all the developments are very close to launching and the Waiting Time is coming over.
As the blog post reads:
“I refuse to give any hard dates, but I expect to see one or multiple of these technologies before the end of summer or very early fall. As we get close to completion, we are ramping up strategies to get the community involved, including the first Shibarium Hackathon!”
As per Gossip Shib, the former official Growth Breed member of the Shiba Inu ecosystem states via tweet that the upcoming updates about Shibarium are expected to become public later by the end of this month, i.e., 25th to 31st May. The update will be regarding “Documentation about Upgrade from Alpha phase to Beta.” However, she made it clear to the audience that such information is still rumors and not confirmed.
Shibarium is the official SHIB L2 Blockchain for Ethereum (utilizing $BONE). It is under development in collaboration with XFUND.
SHI will be the official stablecoin of the Shiba Inu ecosystem, pegged to $0.01 (1 cent), unlike other stablecoins. Shytoshi Kusama confirms that the development of SHI is also nearing completion along with Shibarium. However, he said that the release timeframe is still unknown and yet to be decided as the only thing is known about the project is that its development is almost complete and will soon enter into testing.
Wen Shibarium Financial Ecosystem (ShibFE)?
He further talked about the launch of Shibarium Financial Ecosystem (ShibFE) and said this is paired with Shi Development, and refused to go into details about this project yet.