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Shib Army News: Shiba Inu Only Has 5 Official Core Tokens 2 Of Which Are Not Yet Live. Be Careful

Published

2 years ago

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(Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. Every investment and all trading involves risk, so you should always do your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.)

An onslaught of new tokens has been coming to the market pretending to either be official tokens or changing their names to sound the same. There have been multiple variations of very similar tokens looking to take advantage of the Shib Army by either using similar names or claiming to be part of the ecosystem.

It seems as if the closer Shib Inu gets to launching Shibarium the more these issues are popping up. So let’s take a look a bit deeper into what is going on. When we look at DEXtools we can see multiple Shibarium tokens. This is a pure scam as there is no token called Shibarium or any other variation of the name that has been put up by the Shiba Inu Ecosystem. This also goes for duplicate Bone Tokens, Treat Tokens, Shib Tokens, SHI Tokens, and Leash tokens. In fact, SHI and Treat have not yet been launched so they do not exist yet. To make sure you are purchasing the correct tokens you can visit https://shibaswap.com/

Other tokens also seem to be popping up claiming to be part of the Shiba Inu Ecosystem. Though some of these projects may be good, once they claim to be part of the Shiba Inu Ecosystem officially it raises questions. Why if they are a good project are they trying to work around the fact that they are not official? Even ShibArmy.co News site and the upcoming Shib Army VIP social network are not official projects nor do we claim to be. That means that they are trying to leach from the Shib Army by acts of deception. Now, that being said many projects plan on building on top of Shibarium. Does this mean they are bad projects? Absolutely not. But almost all of the Good projects do not claim to be part of the official ecosystem.

One such good project is LADS. Andrew Prater tweeted out “To be absolutely clear. #ShibaSequoiaForest is not an official project of #Shiba. We will build on #Shibarium and we are not our own token nor will be. Everyone is welcome to build with #LADS. “

 

Always refer to Ryoshi’s vision.

“My vision is the core Ecosystem tokens SHIB, LEASH, BONE and TREAT all performing their utility while SHI slowly but surely becomes the immutable globalized exchange of value.”

Some people are using the argument that these are just Non-Core tokens because Ryoshi used the word “Core”. In their argument, they tend to leave out the word “Ecosystem”. This is understood as it would mean that the CORE ECOSYSTEM TOKENS. The only official ecosystem tokens according to the original vision by Ryoshi are Shib, Bone, Leash, Treat and SHI.  Could you imagine if Ryoshis vision had hundreds of tokens for the ecosystem? Do you know how Diluted the market would be as it is spread out across hundreds of tokens?

According to Shib Army Fud Fighter DEZ”#SHIBARMY There are projects currently using #SHIB logo and Ryoshi’s vision to do their marketing. Projects that come from the community and has a #SHIB branding is not partner project of #SHIB ecosystem. They will distort the narrative to sell you their tokens
Be careful”

Finally a new trick by tokens seems to be that they are trying to spoof the deployer wallet. According to Shiba Inu Developer Kaal “The scammers / clever marketers make use of programming to fool lot of people of millions, sometimes more malicious code could drain your wallet on approval of the token, we see this everytime and it breaks our heart as we can’t do anything about it for them.” You can read the entire blog post by Kaal by visiting https://blog.shibaswap.com/shib-deployer-spoof-scam/

So whether it is investing in Shiba Inu, another token, coins, or stock always make sure to do your due diligence. This can save you a major headache and financial problems in the future. There are many good projects out there just make sure that what you read is accurate and that they are not trying to mislead you.

 

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