Cautious Warning from Shiba Inu Core Developer, Kaal Dhairya, Regarding Calcium Token Trading
Crypto News – In recent developments within the Shiba Inu community, Kaal Dhairya, the core developer of the Shiba Inu ecosystem, has issued a stern caution to the SHIB community regarding the trading of Calcium tokens.
Dhairya’s Caution Regarding Calcium Token Trading
A message from Kaal Dhairya, posted on the X platform, has sparked concerns and discussions among crypto enthusiasts. Dhairya emphasized the ongoing process of renouncing BONE, a critical element of the Shiba Inu ecosystem.
He strongly urged all participants to avoid purchasing or trading Calcium tokens, using emphatic language to stress the importance of this warning. Dhairya pointed out the current lack of liquidity for the Calcium token and dismissed claims of significant losses as FUD (Fear, Uncertainty, Doubt).
In his blog post, he explained that the Calcium token was specifically created for the sole purpose of minting and renouncing BONE. He requested investors to abstain from trading this token, emphasizing its lack of future value or utility. He also stated that any attempts to sell it on any platform should be viewed as a potential scam.
This recent announcement highlights the development team’s dedication to prioritizing investor safety and upholding the ecosystem’s integrity.
As the renouncement process progresses, the crypto community remains vigilant, heeding Dhairya’s message to exercise caution in their trading decisions, especially concerning Calcium tokens. Dhairya’s transparent communication and focus on risk management underline the commitment to safeguarding the interests of the Shiba Inu ecosystem’s participants.
Dhairya recently provided insights into the intricate BONE token minting and renouncing process. This process incorporates 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 thorough, ensuring a high level of security and accuracy. These steps encompass 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, the Shibarium marketing strategist, encourages serious investors to explore the Shibarium ecosystem while highlighting the recent project advancements. She observed that individuals solely chasing short-term gains have already shifted their focus elsewhere.
According to her, this marks a pivotal moment 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 well-positioned to benefit from Shibarium’s anticipated progress.
However, as of the current writing, the Bone price experienced a 2.21% decline to $0.787 over the last 24 hours, with its trading volume surging over 21% to $5.47 million. Similarly, the Shiba Inu price also decreased by 0.83% to $0.00000729 from yesterday amidst a turbulent scenario in the broader market.
Leave a comment