a month ago 1 min read

Shiba Inu Team Warns On Beta Tokens On The Shibarium Portal Release

Shibarium-Shiba Inu-Shytoshi Kusama-blocknews

The Shiba Inu Layer 2 Shibarium Solution Building Team (SHIB) has made a portal available in an effort to increase acceptance and reach.

The Shiba Inu Team has declared that the portal offered by Shibarium is meant to act as a gathering place for anyone wishing to contribute to the thriving Shiba Inu ecosystem. These people include creators of content, business owners, and developers. Shytoshi Kusama, the project's principal developer, has great hopes that the newly launched website would make it easier for all developers who want to build on Shibarium to collaborate and find the most promising projects on the ecosystem.

Shibarium is expected to significantly speed up transactions while simultaneously lowering gas costs. The idea behind it is similar to that of earlier Layer 2 systems like Polygon (MATIC). BONE will be used as the governance token for the Layer 2 Shibarium system, and users will be required to pay all gas prices on Shibarium using BONE as well. Shytoshi Kusama has warned the community to be on the lookout for scam tokens that resemble Shibarium in response to the excitement the community has showed for Shibarium.

The development team has issued a crucial reminder to every single user that during the beta launch, all tokens and items that are hosted on the beta network are solely for use in testing purposes. Do not allow yourself be tricked into purchasing anything on Shibarium until we have publicly announced the launch of the Shibarium mainnet. The public release of Shibarium’s beta version is scheduled for the following week. The formal product release launch date is not currently scheduled.

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