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HomeCrypto NewsMarketWait is Over, Shiba Inu Team Officially Confirms Shibarium Launch Week

Wait is Over, Shiba Inu Team Officially Confirms Shibarium Launch Week

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The Wait is About to be Over. Shibarium Beta is about to launch this week.

The Shiba Inu has finally announced that the highly-anticipated Shibarium Beta will be launching this week, with the Shibarium Documents containing all necessary details set to be released in the coming days.

The team urged the community to stay updated with the latest news by following the official SHIB social media.

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According to the SHIB team, it will be Public Beta, which means that everyone can build on and try Shibarium.

On February 27th, Shytoshi Kusama, the lead developer of Shiba Inu, launched a new website and Twitter account for Shibarium along with a Shibarium intake form to invite those interested in working with SHIB. The intake system aims to expand Shibarium’s reach to professional companies and find suitable validators for the Layer 2 solution.

Since introducing the Shibarium intake form, Kusama has revealed that many projects have contacted the SHIB team expressing interest in collaborating with Shibarium. To estimate the level of interest, a Twitter account focused on the Shiba Inu community, LucieSHIB, reports that more than 3,000 Shibarium intake forms have been submitted.

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Need For Caution

Shytoshi Kusama, the lead developer of Shiba Inu, advised community members to refrain from purchasing tokens or products offered during the beta phase of the Shibarium development. Kusama also noted on Twitter that he would no longer follow potential Shibarium projects. He urged community members to conduct their own research before investing in any project, even if he has endorsed it.

In light of the ongoing progress in the development of the Shibarium Layer-2 network, Kaal Dhairya, a developer associated with Shiba Inu, clarified that ShibaSwap will be the only decentralized exchange officially recognized on the Shibarium network. In a tweet, Dhairya alerted the community about the potential for certain individuals to misuse the Shiba Inu name and its community connections for their personal gains. He urged the community and other exchanges to exercise caution and conduct extensive research before engaging in any project.

As a result of this announcement, the Shiba Inu Governance token and the native gas token of Shibarium, Bone ShibaSwap, have seen a significant increase in value. BONE is trading at $1.71, up 11% in the last day, with a 24-hour trading volume of $33,319,292 ($33.31M).

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Zabi
Zabi
Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.

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