Posted on 11/11/2021 11:58:31 AM PST by aMorePerfectUnion
The past few months have been nothing short of remarkable for the self-proclaimed “Dogecoin killer” token. Shiba Inu’s community and ecosystem have continued to grow. So what Is next for Shiba Inu? The answer is the Shibarium blockchain.
The meme coin’s ecosystem has undergone exponential growth ever since its launch. The most recent new thing in the token’s ecosystem has been the launch of the Shiboshi NFTs. Shiba Inu released the NFTs on October 14, and they sold out just 35 minutes after their release, which the project Lead Shytoshi Kusama tweeted about.
Shiba Inu’s objective with developing and releasing the NFTs is to form a SHIB-based NFT game eventually. This game is dubbed the Oshiverse. The next step in the expansion of the Shiba Inu ecosystem is Shiba Inu’s own blockchain, the Shibarium blockchain.
To put it quite plainly, Shibarium is Shiba Inu’s own blockchain. The blockchain which will host SHIB as its native token will be a layer-2 solution. In October, Shytoshi Kusama shared that the Shibarium blockchain was in the works.
The Shibarium blockchain was first proposed by Shiba Inu’s creator, Ryoshi. Ryoshi initially used the term blockchain; however, Shibarium will be an L2. Being an L2 blockchain means Shibarium is a blockchain that will sit on an already existing Ethereum blockchain.
It is important to note that neither SHIB nor LEASH, which are currently high performers on ShibaSwap, will be the blockchain’s primary token. Ryoshi shared that the blockchain’s primary token will be BONE. The reasoning behind this was that the BONE token would have a fresh, fair, and ‘0’ start.
When ShibaSwp first launched, all LEASH and SHIB holders earned BONE. Consequently, there’s a high likely large number of BONE whales.
There’s little information available about the blockchain. However, what is known to the public is that Shibarium will have the primary goal of lowering transaction fees for users in the Shiba Inu ecosystem. The transaction fees are currently very high as SHIB is based on ETH, which has experienced very high gas fees.
The transaction fees, which are to be minimal, may even be zero. According to Sytoshi Kusama, the loe fees will be for every Shiba Inu “fee or service.” Kusama spoke on the low transaction fees while speaking to Shiba Discord. Is There a Release Date for Shibarium?
Currently, there is no official release date for the blockchain. All we know is that it is still in the works. The Shiba Inu will carry out a lot of testing of the blockchain before it can be launched. However, the team shared that the blockchain’s launch would not take more than a year.
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Thanks! For it - or ag'in it, it'll be a wild ride.
If this ends up being a new Axie Infinity, there are going to be a ton of Mediterranean villas snatched up by new kabillionaires.
Wow, its trading at a fraction of a cent. Put 100 bucks on it and see what happens
Go Shiba Go!
Yep. you’re exactly right. Figure between people not wanting to be left out (short-term) and getting distance from ERC-20 (long-term), putting $100 on the spin of the wheel seems worth it!
Shiba or Bone?
I agree with this.
Several reasons - and I could be wrong (happened once back in the early 80s...)
1. There is a very dedicated Shiba Inu community worldwide and it is growing
2. Shiba was added to the largest Indian and Australian crypto exchanges.
2.5 Robin Hood users are pushing to have access to Shiba.
3. The #1centdream is a rallying cry and a mission that attracts energy - and is self-perpetuating.
4. Anyone can buy Shiba, regardless of whether they are wealthy or not.
5. It is built as an ethereum token
6. It continues to be developed - what it is in the future will be better than today.
7. The downside risk can be easily managed.
Now, this isn’t financial advice. I have no idea what the future holds.
(I have two balls and neither is crystal.)
So I am just pointing out the obvious. Things continue to happen with Shiba that *may* influence the future price. On social media, news about the future possibilities is currency.
It also may eventually crash and burn, like so many coins will have to do eventually. So mind your risk.
And I’ll drop this in closing... from Watcher.guru on twitter:
===>Value of $1,000 invested 1 year ago:
#Shib: $756,865,000
#AxieInfinity: $472,615
#Terra: $160,000
#Polygon: $109,375
#Solana: $126,840
#Doge: $92,860
#Avalanche: $26,155
#BNB: $22,830
#Cardano: $21,300
#Polkadot: $11,190
#Ethereum: $10,235
#XRP: $4,920
#Bitcoin: $4,015
So, what does this jumble of 1s and 0s do to create wealth?
You mean like the vast majority of money the Fed creates worldwide? Just 1s and 0s?
SHIB is the epitome of shitcoin (XRP lost that title). 72% of SHIB is held by 10 wallets (there are a Quadrillion coins). 82% is held by 100 wallets. At 1%, it would be valued more than the entire worlds GDP. Pump and Dump operation. Ask yourself a question - why do major websites/news sites keep pumping SHIB? Let’s find out who the 10 holder are!
Spoil sport.
This is one of those moments in time when everyone on the planet has the potential to become rich and free themselves from the likes of Bidennomics.
Those 1’s and 0’s are going to make some well off and other super rich.
I invested 30K in equipment and have mined 34 Etherum so far - they are worth now about 134,000 USD - I invested another 15k into my coinbase account into bitcoin when it was 4500 and have been rewarded nicely. Bitcoin will never exceed 122M and proof of work and proof of movements keep it from exploitation.
So, what “work” gets done to establish value?
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