“We are likely to release Shibarium at the Blockchain Futurist Conference,” said the creator of the memecoin whose price skyrocketed.
The price of shiba inu (SHIB) is on the rise this Sunday, July 9. Within the top 100 cryptocurrencies and tokens with the highest market capitalization, SHIB leads the way.
The rationale behind this rise is a recent announcement made by one of the co-creators and developers of the Shiba Inu ecosystem, who identifies himself by the pseudonym Shytoshi Kusama.
“We are proud to announce that we are the title sponsors of the Blockchain Futurist Conference, ETH-Toronto and Eth-Women! This strengthens our position as a key player in cryptocurrencies. Of course, this is about the third anniversary of Shib, and it is very likely that we will discuss and release Shibarium into ETH.
As part of Shibarium will host a hackathon for several months, Shib will have two booths, a VIP booth, and keynote speeches will be held to introduce Shibarium and SHIB themed products, platforms, and services. (…) There are also new partners such as Unification, BadIdea.Ai, and others to be announced during the summer of Shibarium. In addition, we plan to speak virtually (via AI) at the Shibarium Tech conference.”Shitoshi Kusama, creator of Shiba Inu.
The aforementioned conferences will be held in August, that is, next month.
Shibarium is the name given to the network of the Shiba Inu ecosystem. Shibarium’s goal is to offer a cheaper environment than Ethereum for the use of Shiba Inu and other applications that want to be developed in that new network.
In addition to SHIB, another token whose listing benefited from the recent announcement is bone shibaswap (BONE). As Shibarium’s native token, it will be used to pay commissions to validators. It will fulfill, in that sense, a function similar to that of ether (ETH) in Ethereum.
Unlike other memecoins without much development, Shiba Inu seeks to offer diverse use cases. It includes the SHIB token, which can be used in trading, due to its high volatility, or as a means of payment. It also offers a decentralized exchange and a metaverse is planned.
Image by Hosni gharbi from Pixabay
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