Shiba Inu: Shibarium L2 Public Beta to Launch This Week

Shibarium, Shiba Inu’s L2 Network

The wait is almost over: Shiba Inu developers announced that the Shibarium public beta testnet will launch this week, giving the world the chance to see the Ethereum Layer-2 network that the ambitious MemeFi project has long been building.

The lead-up to and launch of Shiba’s L2 is expected to be a major catalyst for the network’s tokens as well as speculation on a host of independent “unofficial” projects that have sprung up, hoping to tie into the Shibarium ecosystem.

In mid-January, Shiba developers published a guide to how the L2 will work, including information on gas, and the selection and reward of validators.

You can also check out BSC News’ breakdown of the Shibarium tokens $SHIB, $BONE, $LEASH and $TREAT (unreleased).

Basically:

• $SHIB is the ecosystem’s payment token
• $BONE is the governance and gas token
• $LEASH is the Shiba VIP token
• $TREAT will be a reward token.

With the big reveal of Shibarium upcoming, the next few days are shaping up to be a pivotal time for Shiba, as the project is participating in the massive SXSW Festival in Austin, Texas, where it plans to debut “Shib the Metaverse” to a crowd consisting mainly of the Web2 and mainstream tech community.

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What is Shiba Token:

Shiba Token (SHIB) is home to the Shiba Inu Ecosystem, an interconnected family of digital assets and solutions built on the Ethereum blockchain. Its tokens include $SHIB, $LEASH, and $BONE, plus native SHIBOSHIs NFTs. SHIB solutions include SHIB: The Metaverse and the ShibaSwap DEX. SHIB, a world-leading decentralized finance (DeFi) cryptocurrency, has gained popularity among millions of investors worldwide. It has 3.6 million Twitter followers and is frequently ranked as the third most searched project by Google. The Shibarium Layer 2 blockchain enables SHIB to provide increased scalability, security and innovation.

Where to find Shiba Inu:

Website | Twitter | Telegram | Discord |