TL;DR

• Community members are advised to follow official sources and avoid interactions with anyone claiming access to exclusive tokens or rewards.
• Fake groups and impersonators on Telegram are targeting users, so the team urges caution with linking wallets or sharing personal info.

Another Alert

Shiba Inu’s solid community (comprised of investors, proponents, and developers) is often targeted by bad actors who try to con victims and drain their funds.

Earlier this week, Shibarium Trustwatch (an X account that aims to provide security) warned users that the SHIB-related meme coins SHI and TREAT are not live yet. This means people should not interact with dubious individuals who claim the opposite and offer tempting opportunities. 

The team advised users to follow the official X accounts of Shiba Inu, Shytoshi Kusama (the pseudonymous leading developer of the meme coin), Kaal Dhairya (another prominent developer), and Treat for more clarity on the matter.

SHI and TREAT are tokens designed to enhance functionality and stability within the SHIB ecosystem. The former is an upcoming algorithmic stablecoin intended to maintain a consistent value. It will aim to counterbalance market fluctuations, providing a reliable medium of exchange.

TREAT is a reward token that will serve multiple purposes. It will provide liquidity for the SHI stablecoin, replace BONE as the reward asset for ShibaSwap, and play a role within the Metaverse and certain Shiba Inu-related blockchain-based games. 

Last week, the team behind Shibarium Trustwatch Go to Source to See Full Article
Author: Dimitar Dzhondzhorov

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details