Altcoin
Shiba Inu Lead Hints Next 1 Week Will Be Game-Changing for SHIB
Shiba Inu’s lead developer, Shytoshi Kusama, has hinted that the next week could be game-changing for the SHIB ecosystem. This came following a short interview which he gave at the Token 2049 conference in Singapore. Through his posts on the X platform, Kusama has also given the community an idea of what to expect in the coming week.
Shiba Inu Lead Developer Hints At Game Changing Week For SHIB
Crypto enthusiast Raajeev Anand shared a video of an interview with Kusama in which the Shiba Inu lead developer hinted that the next one week will be game-changing for SHIB. Anand also provided more insights into what Kusama was hinting at, stating that the team plans to announce some “real use case for the Shiba Inu ecosystem” soon enough.
Although Kusama was cryptic about these use cases, it is believed to be related to the TREAT token and the layer-3 privacy chain they are currently working on. In his X post about the Token 2049 event, Kusama mentioned that he wished he could have spent more time at the conference. However, he remarked that their focus is on “private things,” which looks like an allusion to the layer-3 network.
Notably, Kusama has also changed his X bio to “Preparing to #Treat the generals,” suggesting that the launch of the layer-3 network might be imminent. Earlier this year, the team secured $12 million in funding by selling the TREAT token to develop the layer-3 chain. Although they haven’t revealed the network’s name, they revealed TREAT will be the utility and governance token for the new chain.
Launching this chain will add an exciting utility to the Shiba Inu ecosystem and could further help cement SHIB’s position as one of the top meme coins. It is worth mentioning the meme coin already boasts the layer-2 network Shibarium, which, since its launch last year, has provided a huge boost for SHIB.
Marketing Lead Urges Users To Bridge To Shibarium
Shiba Inu’s marketing lead, Lucie, has urged users to stop using centralized exchanges and focus on decentralized finance (DeFi). She mentioned that anyone serious about DeFi should look towards bridging to Shibarium. Lucie advised users to get their tokens on the layer-2 network and enjoy low fees and fast transactions.
The marketing lead made this statement while calling out the BingX crypto exchange, which she claimed has left its users hanging when they require answers. BingX recently suffered a hack with $43 million worth of USDT and USDC stolen in the process.
Lucie again asserted that DeFi is the real deal and advised crypto users to learn how to use a decentralized wallet and get familiar with blockchain basics. She also alluded to the WazirX hack while urging these users to stop relying on centralized exchanges and embrace self-custody.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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