The Astonishing Seriousness of $SHIB
Shytoshi Kusama, one of the leading developers of Shiba Inu, appeared and revealed the future of the entire $SHIB ecosystem.
The first topic in Kusama’s post on Medium is Shibarium – Shiba’s Layer-2 blockchain that will reduce asymptotic transaction fees to 0. Users will pay gas fees with BONE tokens. While a public beta test date has yet to be set, everything is on schedule, he said.
Kusama confirmed that $SHIB will issue a stablecoin called $SHI. According to the developer, the collapse of $UST and instability of $USDN have raised concerns; $SHI will be designed to avoid those concerns. If there are no problems, $SHI could be released as early as this year.
In addition, Shiba is expanding its network with a new token called $TREAT, which has wide applications across the entire scope of the Shiba ecosystem. For example, $TREAT will be used as a bonus token in Shibarium, SHIB Metaverse, and Shiba card collecting game (CCG), and will also provide balance for $SHI.
The developer apologized for the delay in building Shiba Metaverse and said that the release date should not have been announced in the first place.
“So yes, slower than I would have liked but still moving forward on all fronts. I’m hoping for announcements as soon as contracts get sorted.” Kusama said in the blog post.
Since the founder Ryoshi left, the $SHIB community and the team have increasingly taken steps beyond the usual scope of a trendy memecoin. Recently, the project decided to set up a coin-burning portal in order to reduce the token supply, set up a DAO to empower the community, and embarked on a plan to launch its trademark metaverse project earlier this year.
What is Shiba Inu:
Shiba Inu is an Ethereum-based altcoin that has the Shiba Inu—a Japanese breed of hunting dog—as its mascot. The SHIB token aspires to be an Ethereum-based alternative to Dogecoin (DOGE). Unlike Bitcoin, which is designed to be scarce, SHIB was created to be intentionally abundant — with a total supply of one quadrillion. The Shiba Inu Token ecosystem supports projects such as an NFT art incubator and the development of a decentralized exchange called Shibaswap.
Where to find Shiba Inu:
Website | Twitter | Telegram | Discord
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