- Shibarium Beta, a Layer 2 solution for Shiba Inu, is set to launch publicly this week, with the Shibarium Document containing all necessary details to be released in the coming days.
- Scammers have already created fake Shibarium tokens, and investors are warned against investing in this project until after the launch of the mainnet.
Shiba Inu’s much-awaited Shibarium Beta is set to launch publicly this week, according to the Shiba Inu team. Shibarium Beta is a Layer 2 solution for Shiba Inu, and the launch will allow anyone to access and build on the platform.
We’re thrilled to announce that #SHIBARIUM Public Beta will be launching THIS WEEK!
Make sure you’re following our official socials over the next few days as we reveal all the details on how to access the beta website. Hail Shib! #ShibariumBeta.
The Shibarium Document, containing all necessary details, will be released in the coming days. The project has already received interest from several professional companies looking to become validators for the solution, with over 3,000 Shibarium intake forms submitted. LucieSHIB, the Shiba Inu Twitter community account, estimates that more than 3,000 Shibarium intake forms have been submitted.
However, the team is warning potential investors to beware of scammers creating fake Shibarium tokens. Lead developer Shytoshi Kusama has disclosed that tokens available during the beta stage are only meant for testing purposes, and investors are cautioned against investing in the project until after the launch of the mainnet. “Don’t get scammed and buy anything you’ll find on Shibarium until the Shibarium main net launch,” Kusama warned. Last month, scammers created a fake Shibarium token after earlier coming up with a fake Blur token. This was disclosed by blockchain security resource, PeckShield.
#PeckShieldAlert Scammers pretend as @blur_io Deployer to deploy fake $Blur and airdrop to Coinbase, Justinsun, and Yuga Labs, in an attempt to trick folks into thinking it’s the official #Blur #Airdrop. After removing liquidity, they created a fake $SHIBARIUM. Be alert! #DOGE.
Kusama also urges community members to conduct extensive research before getting involved with any project, as anyone can build on Shibarium. “The community members must conduct extensive research before getting involved with any project since anyone can build on Shibarium,” he said. Developer Kaal Dhairya clarifies that ShibaSwap will be the only officially recognized decentralized exchange on the Shibarium network. While addressing the SHIB community, Dhairya drew their attention to potentially fraudulent schemes perpetrated by scammers to use the Shiba Inu for their gains. “We’d like to draw our community’s attention to potentially fraudulent schemes perpetrated by scammers to use the Shiba Inu brand to make quick profits,” he said.
Shiba Inu Governance token and the native gas token of Shibarium, Bone ShibaSwap, have reacted positively to the announcement, with a more than 10% surge in the last 24 hours. The asset recorded a 24-hour trading volume of 34 million and is currently trading at $1.69. However, Shiba Inu itself remains bearish, with a 24-hour fall of 3%, currently trading at $0.000011. While the asset hitting $0.01 in the short term is unlikely, it remains a possibility in