Shiba Inu lead developer Shytoshi Kusama shared SHIB’s path through the ongoing bear market in a recent tweet thread.
- 1 According to the developer of SHIB, income from outer space is a good idea!
- 2 Shiba Inu proposes changes to BONE rewards
- 3 Share this:
According to the developer of SHIB, income from outer space is a good idea!
Shytoshi Kusama, the lead developer of the popular meme coin Shiba Inu, took to Twitter on June 18. Kusama called out to ShibArmy and shared a series of tweets in which he said things were going well:
Dearest #SHIBARMY! (Thread)
I know the market conditions are tough but it's amazing to see how #shibarmystrong is so true. We are holding @#15 despite the insanity of the 🌎.
There are things we would like to reveal but at times aren't able to because of NDAs etc.
— Shytoshi Kusama™ (@ShytoshiKusama) June 18, 2022
Kusama thanked the community for their tremendous support. Also, the developer of SHIB took the time to clear up some misunderstandings. He spoke about the essence of ‘partnerships’ for the Shiba Inu, saying that income from outside of space was ‘actually a good idea’.
At press time, the Shiba Inu was trading at $0.000007985, up 4.69% on a daily basis. Billions were wiped from the global crypto market value in the last market sale. In this environment, SHIB dropped to the lows of $0.0000071 on June 19. Today, however, it gained value with the recovery of Bitcoin.
Shiba Inu proposes changes to BONE rewards
As you can follow from the news of AmkNews, the SHIB metaverse Shibarium is getting ready for a possible launch. The Shiba Inu team has released an update on this topic in their latest blog post. Shibarium was developed by the developers of xFUND and Shiba Inu. It’s set to be the ‘gas’ of BONE’s Shibarium Protocol. This ‘gas’ will provide core functionality for smart contracts and transactions to be processed and executed.
The team goes on to say that it needs to save more than 20 million BONEs to improve Shibarium and reserve BONE for validator positions. As a result, BONE rewards on ShibaSwap should be discontinued in the coming weeks to reserve BONE for their functions in Shibarium. The number of BONE issued is currently 225 million. Therefore, printing has to be stopped at 230 million to save 20 million BONEs for Shibarium validators.
BONE, one of Shiba Inu’s ecosystem tokens, currently has a fixed supply of 250 million. The community now has to decide to stop BONE farms after the 230 million supply is met. Or they will decide to increase the maximum supply from 250 million to 270 million.
The team advises the public to ignore any information regarding the release of Shibarium outside of the official Shiba Inu blog. He also claims to be working on a fully focused Shibarium blog post that could be published soon to provide an up-to-date status on the development of the project.
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