Shiba Inu Developers Released Warning Ahead of Shibarium Launch
Shiba Inu developer important warning ahead of important Shibarium release launch
The Shiba Inu network announced the Shibarium Layer-2 solution on January 15, emphasizing the benefits of the new update. However, the developers did not provide a specific launch date in their announcement. Since then, the community has been waiting for the Layer-2 network to go live.
Shiba Inu developers issued an important warning ahead of the launch date for Shibarium, its new blockchain. The Shibarium Layer-2 protocol will be available this week, according to the developers, but potential investors and users should exercise caution when using the L2 solution. Shytoshi Kusama, Shiba Inu’s lead developer, warned users to be cautious when using the layer-2 blockchain Shibarium tweet. He stated that the community should disregard any FUD surrounding the new update because the platform is still in its early stages and may contain inherent risks that have yet to be discovered.
Shibarium is marketed as a potential game changer for the decentralized finance (DeFi) ecosystem, a project that aims to provide users with a seamless and secure platform for conducting digital currency transactions at reduced fees. It will also run on the Ethereum blockchain, giving users access to a diverse set of trading pairs and liquidity pools. Despite the potential benefits of Shibarium, the Shiba Inu admins and developers are keen to emphasize that users should use the platform with caution, given the rise in scam activities and schemes posing as part of the Shibarium project.
The team revealed that it was collaborating closely with regulatory authorities to ensure that Shibarium adhered to all applicable laws and regulations. The SHIB token has traded in the red in the last 7 days, with a -8.53% price change. At the time of writing, its 24-hour price change is 0.16%, with a trading volume increase of 71.13% to US$443,632,084. This could be the result of the 6 million token burn in the last 24 hours. Meanwhile, the coin is trading at US$0.00001087, but given the network’s ongoing developments, this price is likely to rise soon.
