Shiba Inu Lead Hints Next 1 Week Will Be Game-Changing for SHIB

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As a seasoned analyst with over two decades of experience in the financial markets, I must admit that the current developments within the Shiba Inu (SHIB) ecosystem are intriguing. The hints dropped by Shytoshi Kusama, the lead developer, regarding a game-changing week for SHIB have piqued my interest.

Shytoshi Kusama, the primary developer of Shiba Inu, suggests that the upcoming week might bring significant transformations for the SHIB community. This statement was made during a brief discussion at the Token 2049 conference held in Singapore. Additionally, Kusama has shared some insights on his X platform about what we might see within the next week for the SHIB ecosystem.

Shiba Inu Lead Developer Hints At Game Changing Week For SHIB

Enthusiast Raajeev Anand posted a video of an interview with Kusama’s representative, who suggested that the upcoming week could bring significant developments for SHIB. Anand further elaborated on Kusama’s comments, indicating that the Shiba Inu team is set to unveil a practical application within their ecosystem in due time.

It’s thought that Kusama’s mentioned use cases are linked with the TREAT token and a privacy chain they are presently developing at layer-3. In his post about the Token 2049 event, Kusama expressed regret over not having more time at the conference but hinted at their current work being “private matters,” suggesting it might relate to their layer-3 network.

Significantly, Kusama recently updated his bio to “Getting ready to #Heal the leaders,” hinting that the deployment of their layer-3 network could be upcoming. Earlier this year, the team successfully raised $12 million through a TREAT token sale for the development of the layer-3 chain. While they haven’t disclosed the network’s name yet, they have confirmed that TREAT will serve as both the utility and governance token for the new blockchain.

Initiating this chain will introduce an engaging functionality to the Shiba Inu community, potentially strengthening SHIB‘s standing as one of the leading meme tokens. It’s noteworthy that the meme coin currently benefits from the layer-2 network Shibarium, which has significantly bolstered SHIB since its introduction last year.

Marketing Lead Urges Users To Bridge To Shibarium

Lucie, who manages marketing for Shiba Inu, encourages users to abandon centralized trading platforms and instead concentrate on Decentralized Finance (DeFi). She emphasizes that anyone truly committed to DeFi should consider transitioning to Shibarium. Lucie recommends that users transfer their tokens onto the layer-2 network to take advantage of reduced transaction fees and swift transaction speeds.

The marketing lead made this statement while calling out the BingX crypto exchange, which she claimed has left its users hanging when they require answers. BingX recently suffered a hack with $43 million worth of USDT and USDC stolen in the process.

Once more, Lucie emphasized that DeFi (Decentralized Finance) is a genuine opportunity, encouraging crypto users to master the use of decentralized wallets and gain proficiency in blockchain fundamentals. Moreover, she hinted at the WazirX hack incident as a reminder for users to move away from relying on centralized exchanges and instead adopt self-custody.

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2024-09-24 14:30