The Shiba Inu core developer, Kaal Dhairya, has issued a strong cautionary message to the SHIB community about Calcium token trading. PromotedAd Join the Chimpzee ($CHIMPZ) Presale Now!!! By Coingape Staff 52 mins ago Updated 20 seconds ago
In a recent turn of events in the Shiba Inu community, the Shibarium marketing strategist, known by the handle LUCIE, has relayed a significant update from Kaal Dhairya, the core developer of the Shiba Inu ecosystem. Dhairya’s post on X, which has sent ripples through the SHIB community, carries a warning for traders about trading Calcium tokens.
Dhairya’s Warning on Calcium Token Trading
Kaal Dhairya’s message, posted on the X platform, has raised concerns and ignited discussions among crypto enthusiasts. In this update, Dhairya emphasizes the ongoing process of renouncing BONE, a critical aspect of the Shiba Inu ecosystem.
Meanwhile, he urges all participants to refrain from purchasing or trading the Calcium token, using “serious” language to underscore the importance of this warning. Dhairya points out that the Calcium token currently lacks liquidity and dismisses claims of substantial losses as FUD.
In his blog, he mentioned that the Calcium token has been specifically generated solely for the purpose of minting and renouncing BONE. In addition, he asked investors to refrain from trading this token, as it holds no future value or utility. He also mentioned that if anyone attempts to sell it on any platform, treat it as a potential scam.
The recent announcement reflects the commitment of the development team to prioritize investor safety and protect the integrity of the ecosystem.
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As the renouncement process unfolds, the crypto community remains on high alert, heeding Dhairya’s message to exercise caution in their trading decisions, particularly concerning Calcium tokens. Dhairya’s transparency and emphasis on risk management underline the commitment to safeguarding the interests of the Shiba Inu ecosystem’s participants.
Insights into BONE Token Minting and Renouncing Process
Dhairya recently shared insights into the intricate BONE token minting and renouncing process. This process involves multiple layers of security and decentralization, designed to protect investors from any human intervention, including administrators.
The steps involved in the minting and renouncing process are comprehensive, ensuring a high level of security and accuracy. These steps include the transfer of ownership of the Timelock contract, adjustments to allocation points for various pools, and the creation of a dummy token called Calcium.
Additionally, LUCIE encourages serious investors to explore the Shibarium ecosystem while emphasizing the recent developments of the project. She pointed out that those solely chasing short-term gains have already shifted their focus elsewhere.
According to her, this marks a crucial juncture for the network, with the potential for substantial, sustainable growth on the horizon. LUCIE expressed optimism that popular memecoins such as SHIB, BONE, and LEASH are poised to reap the rewards of Shibarium’s anticipated advancements.
However, as of writing, the Bone price was down 2.21% to $0.787 over the last 24 hours, and its volume surged over 21% to $5.47 million. On the other hand, the Shiba Inu price was also down 0.83% to $0.00000729 from yesterday amid a turbulent scenario in the broader market.
