The long wait is over for the Shiba Inu community. The announcement for the public beta of Shibarium was made a few hours ago through the official Twitter account, which encouraged the SHIB army to stay tuned to the official social media for more details.
The beta, which is open to everyone, is a major milestone for Shibarium, which has been speculated to launch since earlier this year. The technology is a layer 2 solution that offers a number of benefits to the Shiba Inu ecosystem, including faster and cheaper transactions, better scalability and improved security.
According to the announcement, the Shibarium documents, which contain all the necessary details, are expected to be released in the coming days. Meanwhile, an exact date has not been revealed yet, so far only “this week” has been set as the date:
Attention SHIBARMY. We’re thrilled to announce that SHIBARIUM Public Beta will be launching THIS WEEK! Make sure you’re following our official socials over the next few days as we reveal all the details on how to access the beta website. Hail Shib!
During the beta phase, users will be able to test the features of the new layer 2 technology and report any problems to the team. It is worth mentioning that the beta version is for testing and development purposes only and users should not use it for any commercial transactions.
Shiba Inu Ecosystem Receives Significant Interest
The launch of Shibarium has generated a tremendous amount of interest in recent weeks. On February 26, Shytoshi Kusama, the chief developer of Shiba Inu, released a new website and an intake form for Shibarium to allow interested parties to submit their Shibarium-based projects.
Shortly after the launch of the intake form, Kusama noted that there are a staggering number of projects that have contacted the SHIB team to express their interest in working with Shibarium. On Sunday, Kusama wrote:
I’m quite happy with the thousands of submissions to the Shibarium intake form. There are so many amazing projects that will join us on this experimental journey. I expect emails to go out to most Shibarians today. Have a great weekend and stay tuned.
One of the most influential Shiba Inu community members, LucieSHIB, reported that more than 3,000 Shibarium intake forms have been submitted. Kusama emphasized that there are now so many projects that he is losing track of them all.
However, Kusama also issued a warning about scams related to the launch of Shibarium. The lead developer of Shiba Inu advised community members not to buy tokens or products offered during the beta phase of Shibarium development.
Kaal Dhairya, a Shiba Inu developer, also clarified that ShibaSwap will be the only decentralized exchange officially recognized in the Shibarium network. In this context, he also cautioned about fraudsters who claim otherwise in order to sell a supposed new Shiba Inu-based token.
The only *official* dex of Shibarium is ShibaSwap. Projects claiming otherwise are probably scamming. Some people while working with Shib unethically leverage Shib’s name and contacts for personal gains and listings, people and exchanges please do DYOR
— ShibDev4Evr (@kaaldhairya) March 4, 2023
At press time, the SHIB price is down 3% in the last 24 hours, trading at $0.00001079.
Featured image from Twitter @Shibtoken, Chart from TradingView.com
Sign Up for Our Newsletter!
For updates and exclusive offers enter your email.