• The shiba inu (SHIB) meme token community is excited about the upcoming launch of Shibarium, a layer two scaling solution crafted for the SHIB crypto ecosystem.
• The project’s native token, called BONE, will be leveraged to „pay for gas transactions and reward validators and delegators within the Shibarium protocol.“
• SHIB Token has seen a rise against the U.S. dollar during the last seven days as the coin’s supporters anticipate the beta launch of the layer two (L2) scaling solution Shibarium.
The SHIB community is abuzz with anticipation for the upcoming launch of Shibarium, a layer two scaling solution crafted for the SHIB crypto ecosystem. The project’s native token, called BONE, will be leveraged to “pay for gas transactions and reward validators and delegators within the Shibarium protocol”. The protocol is set to launch in its Beta phase, and developers have been teasing the launch since the third quarter of 2022.
On Jan. 15, 2023, the SHIB team published a blog post called “Introduction to Shibarium: Shiba Inu’s Layer 2 Network”, announcing that the Beta launch was imminent. This blog post shed light on the details of Shibarium, including the fact that 20 million BONE tokens have been reserved for validators and delegators in the coming years. The post also mentioned that the platform will be a phased release, so the full functionality of the protocol won’t be available until a later date.
The news of the upcoming launch has been met with enthusiasm from the SHIB community, as the SHIB token has seen a rise against the U.S. dollar during the last seven days. In the last 24 hours, BONE is up 11.1% higher and BONE has gained 16.1% this past week. This positive market reaction is further evidence that the SHIB community is eager to explore the potential of the layer two protocol.
The SHIB team is confident that Shibarium will provide better scalability, faster transaction times, and lower fees. This could be a major step forward for the SHIB ecosystem, and the community is ready to explore the potential of the new protocol. The launch of Shibarium Beta is sure to be an exciting moment for the SHIB community, and all eyes are on the SHIB team to see what the future holds.