01/17/2023
💰 Shiba Inu about to launch Ethereum Layer 2 network Shibarium in beta
Shiba Inu developers are preparing to release the meme token’s Layer 2 network called Shibarium in beta form — with the full launch to follow not long after. Shibarium is a planned Ethereum-based Layer 2 network for the Shiba Inu ecosystem.
Bone tokens will also be used to reward validators and delegators in the Shibarium network, according to the announcement. As such, 20 million bone tokens, currently worth $27 million, have been reserved to pay out these rewards. Shiba Inu developers say this move will improve the utility of the bone token. Shiba Inu’s planned Layer 2 network will also utilize other Shiba Inu-based tokens like leash and the ecosystem’s native meme coin shib.