Shib rises with Shibarium launch update to 2-month high

Shib rises with Shibarium launch update to 2-month high

Since the cryptoma markets are apparently on the way of relaxation, the Shiba team decided to announce what the Shibarium Network has in stock.

Although the team did not give a precise date for the publication of Shibarium's beta - and made it clear that they would not provide any evidence of when it would be - it was said that the start was right around the corner.

lower gas fees have priority

The functions promised for Shibarium are primarily lower gas fees. As a scaling solution that builds on the Ethereum blockchain, the Shibarium network aims to save users of Shib, Bone and Leash token the high gas fees that can be overloaded when the network is overloaded.

In addition, the team pointed out the opportunity to go outside the chain for more private transactions - which could be an advantage or a burden on the network, depending on how they see the situation - since this ability could attract both benign privacy Coin fans or cybercriminals, which unfortunately does not lack in the cryptor room.

"This layer aims to work as a protocol on existing blockchain networks, which means that faster, cheaper and private transactions outside the chain can be processed while you continue to rely on the safety of the underlying blockchain."

bones for all

The token, which was selected for transactions in the Shibarium network, is Bone, which will be the native asset for paying gas fees for the upcoming project. The token has a total supply of 250 million, 20 million of which are intended for the reward of validists and delegates in the network.

In order to arouse interest in the two new roles, the development team announced that a faucet for test bone tokens will soon go into operation.

Burn Mechanics and Shibaswap Merge Incoming

As requested by the Shiba community, Shibarium token Burning is preserved. Although no publication date was confirmed for this function, the development team explained that every transaction in the network "will have an implicit burning amount for Shib tokens".

shib reacted with an immediate price increase and rose again to over 0.000011 $

The team also announced that Shibaswap is integrated into the Shibarium Mainnet to guarantee the community easier access to ShiB tools and functions.

Shiba developers promised further updates in the near future and referred curious users to the documentation area.

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