Shiba Inu team warns of fake Sheboshi tokens in the market

The Shiba Inu development group has just announced crucial information to the group of their supporters, who are also dubbed as the SHIB Army. The warning is related to the fact that fake Sheboshis are popping up and may pose a threat to customers. The Sheboshis, which have been out since late February, have become very significant figures in the cryptocurrency community. In bad faith, there are fraudulent tokens that have been pretending to be the real SHEB tokens. 

SHIB marketing member, Lucie, emphasizes the availability of confusion about the true kind and phony Sheboshis. The marketing officer stated that this is the cheapest way to know if something is genuine or fake. Actually, non-fungible Sheboshi tokens won’t have zeros in price. The value of these tokens is in the range of three-digit figures, like $276. In contrast, the symbol of fake currency is the SHEB token, which has five zeros in its price tag.

Shiba Inu warns of Fake token risks

Lucie’s warning on social network X examined a key point that needs to be made clear to investors. Unlike the Sheboshi tokens that retailers in the Shiba Inu ecosystem buy, they have no zeros in the price tags. Through her screenshot, Lucie honestly shows these differences. The public must consider the genuine Sheboshis among them. 

The Sheboshis might just spearhead a revolution of hybrid tokens through the DN404 standard. They denote considerable innovation in the NFT sphere, thanks to the combination of liquidity by ERC-20 and diversity by ERC-721 standards. This blended approach, that is, fractional ownership, could be a stepping stone to non-fungible token ownership and registration.

Shiba Inu’s Layer2 platform Shibarium achieve transactions surpassing 400M 

Recently, the SHIB Layer2 platform has been making moves in the cryptocurrency market. One of the major achievements that Shibarium has achieved is that Shiba Inu’s Layer2 project has already achieved financial transactions that have exceeded 413 million, and over 4 million blocks have been formed in Shibarium. The up-to-date data from Shibariumscan confirm this trend in terms of increasing use within the platform and adopting it globally. At present, there are 413 205 890 transactions with daily transactions of over 14K and 4 079 830 blocks on Shibarium.

Source: Shibariumscan

Shibarium, with its wallet address count of about 1.39 million as of now, speaks volumes about the ever-growing community of users and the array of applications it caters to. This growth, indicative of the platform’s growing adoption and ecosystem, means there is a high demand for more of Shiba Inu’s offerings.