Shiba Inu (SHIB) “CalciumIt released a new token called ”. The new token will play a critical role in minting the remaining ShibaSwap Bone (BONE) tokens, which are the governance token for Shibarium, SHIB’s layer-2 network.
According to a recent blog post, Calcium is a token with no real liquidity. This means that it is essentially a “fake” token. The token was created with the aim of dispensing with BONE so that the ecosystem can become more decentralized. Shiba Inu (SHIB) developer Kaal Dhairya asks users not to trade this token. wanted. Also, if anyone is participating in the sale of this token, they should remind that it is a scam.
Lead developer Shytoshi Kusama emphasized that Calcium is not designed for trading. The token exists solely to help abandon BONE. Despite the warnings, many investors fell victim to illegal actors selling Calcium tokens.
As previously mentioned in the screenshot below, we are in the process of renouncing BONE. Please do not buy or trade the Calcium token (seriously), there is no liquidity and claims of large losses are FUD. PLEASE READ : https://t.co/BgNsdLMUop pic.twitter.com/1pxoaK4A12
NEWS CONTINUES BELOW— Kaal (@kaaldhairya) September 21, 2023
According to Shibariumscan.io, the total number of transactions on the network exceeded 3 million. The increase in transactions is also supported by the increase in SHIB burnings. Although the burn rate has increased by up to 300%, it has not been progressing well in recent weeks.
Additionally, the total number of wallets on Shibarium reached 1.25 million. Both milestones are commendable considering the network went live about a month ago.