Loading...

Shiba Inu Team Denounces LEASH Impersonator, Emphasizes Importance of Verification

TL;DR

  • Shiba Inu developers disassociate from UNLEASH token impersonator, urging users to be cautious and verify affiliations.
  • Shibarium introduces BONE and TREAT memecoins for governing technology and enhancing community projects.

The core developers behind the popular Shiba Inu token (SHIB) have recently found themselves at the center of controversy as they denounce an impersonator within their ecosystem. Specifically, they have disassociated themselves from a new token called UNLEASH, which has attempted to impersonate their LEASH token. This article aims to shed light on the situation, provide clarification from the SHIB developers, and discuss the introduction of two new memecoins in the Shibarium ecosystem. 

Shiba Inu Developers Address Impersonation Issue

In a recent announcement, the Shibarmy Scam Alert account on Twitter, acting on behalf of the SHIB development team, clarified that they have no involvement with a newly released token called UNLEASH (UnleashClub) or its deployer. The developers want to set the record straight and emphasize that UNLEASH has no affiliation with the Shiba Inu ecosystem. Users are urged to exercise caution and refrain from engaging with suspicious tokens that claim association with Shiba Inu without proper verification. The similarity in names between the UNLEASH token and Shibarium’s Doge Killer (LEASH) token has the potential to confuse Shiba Inu users.

The UNLEASH token, according to its website, is described as an “open-source crypto squad” offering AI tools, models, and datasets. However, the website does not mention any relationship or affiliation with Shibarium or the Shiba Inu team. This lack of clarity further highlights the importance for users to seek reliable information and make informed decisions when engaging with cryptocurrencies.

Introduction of BONE and TREAT Memecoins in the Shibarium Ecosystem

Shibarium, a Layer 2 blockchain project created by the lead developer Shytoshi Kusama, has introduced two additional memecoins alongside SHIB and LEASH. These new tokens, BONE, and TREAT, are set to play significant roles within the Shibarium ecosystem, as explained by Kusama himself.

BONE serves a crucial role in governing and providing support to the underlying technology of the Shiba Inu community. As the backbone of any blockchain ecosystem, the technology requires continuous development, maintenance, and improvement. BONE ensures the integrity and growth of the technological infrastructure that powers Shibarium.

TREAT, on the other hand, assumes the role of governing and enhancing projects built by the community on Shibarium. As a project enhancement token, TREAT acts as an incentive mechanism, rewarding contributors and developers who bring innovative ideas and projects to the ecosystem. This approach fosters a vibrant and collaborative environment within the Shiba Inu community.

Growing Network Activity and Potential Impact on SHIB and BONE Tokens

The recent milestone achieved by the Shibarium project’s testnet, named “Puppynet,” showcases the platform’s growing popularity. With over 25 million transactions processed, this surge in network activity indicates significant demand and suggests a potentially positive impact on the long-term prices of SHIB and BONE tokens.

The increasing usage of the Shibarium network demonstrates the trust and confidence placed in the Shiba Inu ecosystem by its community. As more projects are developed and more users engage with the platform, the demand for SHIB and BONE tokens is likely to increase, fostering a positive outlook for the ecosystem’s growth.

Conclusion

The Shiba Inu development team has taken a firm stance against the impersonation of their LEASH token by the UNLEASH token. They have urged users to exercise caution and seek reliable information when engaging with cryptocurrencies associated with the Shiba Inu ecosystem. Additionally, the introduction of BONE and TREAT memecoins in the Shibarium ecosystem provides new opportunities for governance and project enhancement within the community. With the recent surge in network activity, the future looks promising for SHIB and BONE tokens, further solidifying the position of the Shiba Inu ecosystem in the cryptocurrency landscape.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Share link:

Haseeb Shaheen

As a Web Researcher and Internet Marketer, Haseeb Shaheen delivers relevant valuable content for audiences. He focuses on financial and crypto market analysis, as well as technology-related areas that help people change their lives.

Most read

Loading Most Read articles...

Stay on top of crypto news, get daily updates in your inbox

Related News

Google
Cryptopolitan
Subscribe to CryptoPolitan