Twitter user: Shibarium or plagiarizing Rinia, $5 million BONE unlocked
According to reports, Twitter user @ Rancune_ ETH disclosed that the chain ID shown in the preview image of Shibarium, a Layer2 solution launched by Shiba Inu, was found to be the same as that of Rinia. In addition, the project team was also found to have unlocked the $5 million Shibarium token BONE.
Interpretation of this information:
The news circulating around social media claims that the Layer2 solution, Shibarium, launched by Shiba Inu has the same chain ID as Rinia. A Twitter user, @Rancune_ETH, posted a screenshot of the preview image of Shibarium, which clearly showcased the chain ID. The disclosure of this information raises questions about the authenticity of Shibarium and the extent of the team’s connection with Rinia.
Moreover, the user also mentioned that the project team had unlocked the Shibarium token BONE, worth $5 million. Further revelations about the creation of the chain identifications and tokens suggest a possibility of a possible relationship between Shibarium and Rinia. This information has led to concerns in the crypto community about the transparency of these projects and their legitimacy.
Shibaram is a Layer2 solution touted as a scalable, low-cost, and fast transaction platform for DeFi applications, using the Ethereum network. Still, the chain ID’s discovered similarity with Rinia has raised questions about their relationship. Rinia is an unverified and unknown token with no use case, legitimacy, or project road map. The connection between Shibarium and Rinia raises many questions in sectors just like crypto-markets policing regulatory bodies.
In conclusion, the claims by @Rancune_ETH suggest that Shibarium may not be as transparent and legit as it claims. The news of the chain ID and token unlocks can lead to questions about the project’s authenticity and its connection to Rinia. This development may raise questions about the crypto market and its lack of regulations. The three keywords to summarize the content are Shibarium, Rinia, and token unlocks.
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