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HomeCrypto NewsMarketShiba Inu Lead Developer Warns Investors About Shibarium Tokens

Shiba Inu Lead Developer Warns Investors About Shibarium Tokens


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Kusama issues new warnings to SHIBArmy about tokens on Shibarium.  

Shytoshi Kusama, the pseudonymous lead developer of SHIB, has issued a new warning to investors about tokens on the beta version of Shiba Inu’s layer-2 network, Puppynet. 

Following a heated debate on the official Shibarium Telegram channel, Kusama warned members of the Shiba Inu community not to purchase tokens, especially BONE and LEASH, on Puppynet. 

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Per Kusama, Puppynet is only a beta version of Shibarium, which implies that tokens on the platform are not real. 

He further cautioned the community members not to transfer their real tokens to the Shibarium Beta platform. The Shiba Inu lead developer also stressed that no real tokens are being burned on Puppynet. 

Kusama Telegram chat
Kusama Telegram chat

The pseudonymous lead developer of Shiba Inu has reiterated that Puppynet tokens are unreal, as they are meant to be used for testing purposes. However, some Shiba Inu enthusiasts continue to express contrary views, prompting Kusama to caution them. 

Kusama Committed to Keeping Investors Safe 

Shiba Inu team members have always been committed to keeping SHIB enthusiasts safe from committing fatal errors that could make them lose their funds. 

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As reported earlier this month, Kusama cautioned the community members that the team has not yet released TREAT and SHI tokens. He stressed that any new token claiming to be created by the Shiba Inu team is false. 

The Shiba Inu project lead asked investors to always conduct due diligence before investing in any token that claims to be released by the SHIB team. 

Team to Share “Many” Shibarium-Related Updates Soon 

In other news, Kusama promised Shiba Inu enthusiasts that the team would share “many updates” on Shibarium. 

“There will be many updates as we move forward on many fronts, okay? We are just as excited as you all are. LFG,” said Kusama. 

Kusama Telegram
Kusama Telegram

It is worth noting that the remark was in response to enthusiasts who are constantly requesting updates on Shibarium. Earlier this week, an admin of the Telegram channel, dubbed “Someone Smart (Maybe)” disclosed that the team will make major announcements before the end of this month. 

The admin refused to reveal details of the upcoming updates, as he asked the community members to wait for official announcements from the team members.  

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.



Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

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