- Crypto Twitter leaks suggest SHIB Token might be going to Canada.
- SHIB Burn fires up by 1117.32%, with 48M $SHIB tokens set ablaze.
- Shytoshi Kusama’s tweet sparks community discussion on Twitter.
Shiba Inu’s global adoption push continues, with the next stop likely being Toronto, Canada. While the destination is not mentioned in Shytoshi Kusama’s latest message, the short video revealed something else just as important.
Shytoshi’s tweet reads: “Wen is so last year. The real question is.. #WHERE?”. The mysterious leader of the Shiba Inu executive team is likely referring to the SHIB community repeatedly asking to give an exact date for Shibarium.
Indeed, the highly-anticipated Layer-2 scaling solution for Shiba Inu (SHIB) is slated for a Q3 of 2023 release, according to earlier statements from the team. Interestingly, rumors among the Shiba Inu community on Twitter suggest that SHIB Token’s team will be joining this year’s edition of the ETHToronto conference.
Destination Shibarium: Paying Homage To Buterin?
Based on the rumors on Twitter, Discord, and SHIB Army’s Subreddit, SHIB Token might be headed for Toronto for August 13th to 16th, 2023. Moreover, a full-on presentation of all Shiba Inu-related products shall introduce the audience to Shibarium.
The highly awaited L2 scaling solution solves a couple of issues for the two-year-old memecoin. Firstly, now it’s an ERC-20 token depending on the Ethereum (ETH) network. When the popular canine coin is transitioned to Shibarium, it will unlock certain new possibilities and opportunities:
- Faster transactions, cheaper fees.
- Shiba Inu auto-burning mechanism.
- Scalability for dApps, games, NFTs.
With these advantages, Shiba Inu is set to roll out SHIB: The Metaverse, a digital world exclusively for Shiba Inu fans & the blockchain version of Shiba Eternity, a collectible card game. Ultimately, this would allow members of the SHIB Army to build and interact on a separate blockchain without the need to jump on Ethereum (ETH) first.
However, many SHIB Army members speculate that Toronto, Canada, was chosen for Shibarium’s introduction to pay homage to Ethereum (ETH) and its founder Vitalik Buterin. Indeed, this could serve as a thank you to Mr. Buterin from the Shiba Inu community for sending half of the initial $SHIB supply ablaze in one transaction.
Besides, taking inspiration from the philanthropic deed by Vitalik two years ago, the Shiba Inu community is constantly keeping the fire burning. Shibburn burning tracker reports a colossal 48 million Shiba Inu tokens set alight in the last 24 hours, upping the daily barrier by 1117.32%.
On The Flipside
- The participation in ETHToronto is yet to be confirmed by the representatives of SHIB Token.
- Shibburn automated bot is suspended on Twitter, therefore, updates are only available on the official site.
Why This Matters
Shibarium L2 can make a huge difference in crypto adoption.
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No, Shibarium is the Layer-2 scaling solution for Shiba Inu. Shiba Inu (SHIB) is the coin for Shibarium, along with the gas fee token BONE.
Shibarium is set to bring new interoperability, scalability, and other decentralized finance opportunities. Shibarium L2 aims to host an auto-burning mechanism to maintain the price of $SHIB in the long term.
Shibarium is currently rumored to be released on August 13th, 2023, during the ETHToronto annual Blockchain Futurist conference. However, the Shibarium L2 mainnet launch has not been officially announced yet.