Shiba Inu warns SHIB army: Beware fake Sheboshis!

The Shiba Inu project team has raised an alert in their dedicated community, known as the SHIB Army, indicating the possibility of fake Shiboshis in the crypto world. Just after their launch in late February, Sheboshis (SHEB) captured the crypto space. Lately, fake Sheboshis have come into the crush, claiming to be the real Shebosh and threatening investors and the community. The Shiba Inu team’s key figure, Lucie, warned the community members, urging them to be observant and make informed decisions amid all the scamming.

Lucie’s imperative advice to the Shiba Gang at the last touches on the necessity of taking into account the authentic Sheboshi tokens, which are surprisingly cheaper than the imitators, should be the main motto. Vitalik Buterin, too, highlighted This—that the prestigious SHEB tokens, vital for the Shiba Inu ecosystem, do not have any zeros in their pricing structure. 

In addition, the SHEB coins obtained through the counterfeit SHEB tokens are shown with the trappings of a rogue price tag, bearing five zeros and priced lower than a cent. The screenshot joke came shortly, followed by a side comparison displaying that the real SHEB exchange was trading at a good price ($276), different from the fraudulent one.

The Shiba Inu team’s alert goes further and proposes the DN404 standard adopted by Sheboshis. NFTs have become more than just digital collectibles; they are heralding a new type of hybrid token. This innovative standard combines the ERC-20 and ERC-721 standards into one platform, bringing liquidity and fractional ownership to the NFT market, attracting more attention and sparking interest in the field.

The Shiba Inu ecosystem’s praised elements continue to grow as its Layer 2 platform Shibarium made history by blazing through 413 million transactions and exceeding the 4 million block mark. Since Shibariumscan displays that the current transaction count is 413,205,890 with 4,079,830 blocks, this is a tremendous and significant milestone for the Shibarium system.

This recent alert concerning the Shiba Inu cryptocurrency network is the utmost call on the followers of Shiba Inu coins and the entire crypto community to remain watchful and game-changing because fraud cases abound in the virtual currency sphere nowadays. 

Considering that the misinformation and novelty of the cryptocurrency landscape can lead to distressful or rash decisions, it is of utmost importance that all of the community the Shiba Inu ecosystem is built upon, is throughout the development of that ecosystem, always sensitive and smart enough to learn from the advancements and setbacks proper ways of dealing with it.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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