- Shibarium Network’s official Twitter account has dropped new updates
- The first is a reiteration of a fact mentioned in the previous post about BONE
- The other is a confirmation of Kusama’s previous comment
The Shiba Inu team has announced that it is currently preparing for the beta launch of Shibarium, the layer-2 scaling solution, and confirmed a major feature that pseudonymous lead developer Shytoshi Kusama previously mentioned.
The official Twitter account of the Shibarium network dropped new sets of major updates related to the team’s upcoming project over the weekend, creating positive sentiment within the community amid the prolonged winter in the crypto market.
The update revealed two pieces of major news to the Shib Army or the fierce and extremely loyal members of the Shiba Inu community.
The first is a reiteration of the fact mentioned in the previous post that BONE, the governance token of the ecosystem, will be the required token for the upcoming network’s gas fees and the confirmation that every Shibarium transaction will burn SHIB.
Kusama shared their vision with the community in January 2022 when they said that they “hope for consistent platforms and products that burn yearly. Recurring.”
A former Shiba Inu Growth Breed member and social media influencer, who has the Twitter handle @LucieSHIB, reminded the community of Kusama’s statement about burns earlier that month.
As per a screenshot taken from the official Shiba Inu Discord, Kusama jogged the Shib Army’s memory when they recalled what the Shiba Inu developer, whose Twitter handle is @kaaldhairya, said about upcoming burning mechanisms.
“ALL NEW PLATFORMS will have SHIB burns,” Kusama said, noting that the upcoming initiatives like ShibaSwap V2, Shibarium and Shibanet will have burning mechanisms.
In addition to the Shib burn and BONE, the Shibarium team also revealed its priority for the time being, which is the launch of the project. It also asked the community to watch for official details as the team prepares for the official rollout of the initiative’s beta version.
“We are focused on delivery at this time, please stay tuned for additional information as we approach our beta launch,” the team noted, adding, “Please follow @ShibariumNET and our official portals for any information in regards to the protocol.”
Unfortunately, the team did not give any timeline related to Shibarium, perhaps to prevent giving false hope to the SHIB Army or to avoid disappointing them by giving a timeline that can’t be followed.
Following the tweet from Shibarium’s official Twitter account, SHIB, the native token of the ecosystem spiked 5.22% as it traded at $0.000008645 from its $0.000008612 price earlier that day.
As of 10:56 am ET Sunday, SHIB was trading up 0.36% at $0.000008463 with a 24-hour volume of $83,929,794, based on the latest data from CoinMarketCap.