After speculation increased about the blocking, the official Twitter account of the Shibarium Shiba Inu network on January 4 made it post clean up false speculations. This comes amid the current anticipation of the network’s beta launch.
In particular, the speculations that are spent are the tokens that are in the network or the tokens that are needed to use the benefits of the network. This is the first series of tweets from the official Shibarium blockchain Twitter account.
Debunking the False Rumors Surrounding the Shibarium Network
Speculation on what SHIB will be the original blockchain token has another side of false rumors going around. In a series of tweets uploaded yesterday, Shibarium clarified that the project’s token, BONE, will be the only token that will be used for gas fees and other blockchain activities. The team added, “No other tokens are required to be used in the protocol.”
In addition, the Shibarium team also clarified the ownership and purpose of the blockchain, noting that Shibarium was built only for Shiba Inu communities and ecosystems to innovate when involving SHIB and not for other projects outside the network.
“Shibarium has been developed for the Shib token and not for any other project that claims ownership or speculates about operability dependencies on other tokens,” said the team using Shibarium’s official account.
Shibarium Beta Shiba Inu Launch Approaching
Constantly anticipating the Shibarium block launch, well-known developers like Shytoshi Kusama and Trophias in the past few weeks have released some hints that indicate that the launch of the beta version of Layer 2 blockchain is very close.
Although some community members speculated that Shibarium’s development was over and they were just waiting for the right time to deploy it, they have expressed their frustration at the long network delays.
First up, Shibarium blocking the launch is set for September 2022. However, the developers have finally confirmed that there are technical problems that are currently causing the delay of the network. Despite hints and hopes that it is coming, there is still no official launch date.
In particular, the Shibarium community’s Discord admin recently introduced a “Shibarium Announcement” section in the Shiba Inu dispute. Many SHIB developers and influencers have been seen sharing updates from their official Twitter handle.
SHIB and BONE Recent Price Action
So far, SHIB has seen enough momentum to rise, following the path of other altcoins. At the time of writing, the price of Shiba Inu is currently trading at $0.00000860, up more than 4% in the last 24 hours. With a trading volume of $203 million.
In contrast, Bone has also gained upward momentum, and at the time of writing, BONE is also currently trading at $1.08, up over 14% in the last 24 hours, with a trading volume of $9.9 million.
Featured images from Ferhat Deniz Fors on Unsplash.com, charts from TradingView.com