Shiba Inu Lead Addresses Controversy Over SHIB’s BONE and TREAT Priorities
Shytoshi Kusama , the figure behind the Shiba Inu ecosystem, has responded to recent allegations that the team is focusing more on the new token, TREAT, while neglecting BONE.
The debate surfaced after the Shiba Inu team launched an airdrop initiative to distribute TREAT tokens to users of KuCoin, following the exchange’s plans to list TREAT, Shiba Inu’s new reward token.
Concerns Over Neglect of BONE Amid TREAT’s Hype
While many within the Shiba Inu community celebrated TREAT’s listing on prominent exchanges, a section of users voiced discontent, alleging that the team is sidelining BONE. This sentiment was echoed by a pseudonymous community member- Snow, who argued that the same dedication shown for TREAT should extend to BONE .
Snow urged the Shiba Inu team to expedite efforts to secure BONE’s presence on major trading platforms, igniting a broader discussion within the community. Another user, DankDollar, highlighted that TREAT’s success hinges on its integration with BONE and Shibarium, emphasizing the interdependence of the ecosystem. In a harsh critique, he accused Kusama of exhibiting “irrational” decision-making.
Kusama Reaffirms Commitment to the Ecosystem
In response , Kusama dismissed claims of neglecting any aspect of the ecosystem, including BONE. He firmly stated, “You think I would work my tail off for years and forget ANY part of the system,” underscoring his dedication to all components of the Shiba Inu project.
BONE holds significant importance within the ecosystem, functioning as the governance token of ShibaSwap and the gas token for Shibarium. Kusama’s remarks suggest that every project within the ecosystem, including BONE, will receive the necessary attention.
Dispelling Misinformation About BONE
In a subsequent statement, Kusama addressed rumors about BONE’s mintability. A Solidity developer operating under the alias @shallowhal-i4n alleged that the BONE token contract remains mintable despite the team’s announcement in 2023 that the contract was renounced.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Kusama dismissed these claims as fear, uncertainty, and doubt (FUD), insinuating that the timing of these allegations was intended to undermine the TREAT launch. He emphasized that the team adheres to a strategic approach for project rollouts and will not be derailed by baseless accusations.
Adding to this, Kaal Dhairya, Shiba Inu’s lead developer, clarified that the BONE contract was rendered immutable through the TopDog contract, ensuring that no additional tokens can be minted.
TREAT’s Launch: A Milestone for Shiba Inu
As the Shiba Inu community welcomes TREAT’s debut, trading is set to begin on KuCoin, Bitget, and Gate.io. Users on these platforms stand to benefit from an airdrop initiative, which aims to distribute TREAT tokens as part of its promotional campaign.
With Kusama and the Shiba Inu team addressing community concerns and dispelling misinformation, the ecosystem appears poised for further development. Both TREAT and BONE are expected to play pivotal roles in advancing the Shiba Inu vision, emphasizing the project’s interconnectedness and long-term strategic direction.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on Twitter , Facebook , Telegram , and Google News
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Solana-based social graph protocol Tapestry raises $5.75 million in Series A funding
Tapestry raised $5.75 million in a Series A round co-led by Union Square Ventures and Fabric Ventures.Tapestry is a Solana-based social graph protocol designed to create an ecosystem of applications with social features.
The Daily: Trump 'receptive' to an 'America-first' crypto reserve, XRP hits new all-time high and more
President-elect Donald Trump is open to creating an “America-first” crypto reserve prioritizing U.S.-based coins like USDC, SOL and XRP, the New York Post reported, citing sources familiar with the matter.XRP hit a new all-time high of around $3.39 via major crypto exchanges on Thursday for the first time since January 2018, following a 16% surge in 24 hours and a 455% rise over the past quarter.A Litecoin ETF is the “most likely” next spot crypto ETF to be approved in the U.S., according to Bloomberg anal
Ripple CEO Says SEC's Opening Brief Is 'Definition of Insanity'
BTC breaks through $99,000