Shytoshi Kusama's Important Message Shared with SHIB Community: Details

04/30/2024 15:08
Shytoshi Kusama's Important Message Shared with SHIB Community: Details

Shiba Inu’s lead developer sends a celebratory message to the SHIB community on social media

Shiba Inu’s lead developer sends a celebratory message to the SHIB community on social media

Shytoshi Kusama's Important Message Shared with SHIB Community: Details

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The official marketing lead of the SHIB team, widely known as Lucie within the community, has shared an important message sent to them by the mysterious SHIB leader Shytoshi Kusama.

The lead developer of Shiba Inu’s message was focused on the recent launch of a new iteration of the ShibaSwap decentralized exchange (dex).

Shytoshi Kusama on new ShibaSwap version

Lucie shared Kusama’s recent social media post, in which he commented on the new version of Shibarium’s dex ShibaSwap. He stated that the new iteration of this decentralized trading platform is “a hub for innovators and Shibizens alike.”

“It’s where community tokens thrive, creating a dynamic marketplace filled with unique projects, causes, and #SHIBARMY members,” the enigmatic Shiba Inu leader added.

On April 29, Lucie published a tweet to announce that the new version of ShibaSwap (earlier, Shytoshi Kusama referred to it as ShibaSwap 1.75 which is to come prior to ShibaSwap 2.0) has been developed and will be launched soon. It will be a multi-chain version of the dex compatible not only with the Ethereum blockchain but is also migrating to Shibarium.

Thanks to this migration, crypto traders will be able to trade SHIB ecosystem coins on the layer-2 solution Shibarium: BONE, SHIB, LEASH. Also, once the long-anticipated token TREAT and SHI stablecoin are launched, they will be available on the upgraded dex as well.

It is important to have a bridge between Ethereum and Shibarium, Lucie stressed in another tweet published on Monday, since the aforementioned SHIB ecosystem tokens need to be able to go back to Ethereum to enable their users to access various products and services.

Lucie made a point of emphasizing that “Everything is still under development, and the final form of this Pikachu will come later,” referring to the final ShibaSwap iteration.

Everything is still under development, and the final form of this Pikachu will come later.
But remember, development never ends.
Launching on our home chain is just the first step in a long marathon.

— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) April 29, 2024

SHIB team raises $12 million to build Layer-3 solution

This development has taken place merely a week after the SHIB leader Shytoshi Kusama announced that the team had raised a substantial sum of $12 million to start building another crucial component of the Shiba Inu ecosystem – a Layer-3 blockchain is to be deployed on top of Shibarium (the Layer-2 solution running atop Ethereum).

The L3 network will be focused on privacy and security, according to the recent tweets of Lucie’s authorship.

About the author

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Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

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