Categories: CryptocurrencyNews

Shiba Inu Team Member Reveals Estimated Timeline for Shibarium Mainnet Launch

The Shibarium project which began in 2022 is yet to be launched on the mainnet, causing members of the Shiba Inu community to ask many questions regarding the project launch date.

LUCIE, a Shiba Inu ecosystem official, took to Twitter on Wednesday to address these questions, giving a probable timeline on what the layer-2 scaling solution will be released. 

According to her, the highly anticipated Shibarium project which plans to burn hefty amounts of LUNC would likely be rolled out in the third quarter of 2023. Meanwhile, a member of the Shibarium development squad and admin in the Shiba Inu discord community predicted the launch to come in August. On the other hand, Shytoshi Kusama, the community-appointed SHIB community leader, said the Shiba Inu scaling solution would come in July. 

Overall, Lucie stressed that the Shiba Inu team is confident about the launch of Shibarium in 2023 with multiple teams working on it. The SHIB marketing team member added that work in the line of Artificial Intelligence (AI) integration into the layer-2 project is underway. “Our estimate is for 2023, and we are not pumping anything but focusing on sustainable growth,” she said. 

It bears noting that the Shibarium project is currently in the testing phase and the testing process and security audits are crucial before the launch. Recall that a top member of the project development team said the testing is going in a good direction, adding that the Shibarium launch is closer than expected.

However, the launch could be delayed if issues are found in the testing process. “Understand – if some testing goes wrong it may take longer – it’s being built – it’s not made from a magic box,” Lucie remarked

The ShibArmy’s enthusiasm over Shibarium stems from the fact that it promises to burn huge amounts of SHIB regularly, contributing to the predicted rally in the price of SHIB.


Follow us on Twitter, Facebook, Telegram, and Google News

Ndianabasi Tom

Ndianabasi Tom joined the crypto and blockchain industry in late 2018. He is an all-rounded crypto journalist and content writer. At TimesTabloid, he covers the industry's latest news, developments, and other educational content. He is a graduate of Petroleum Engineering.

Recent Posts

PolkaBotAI – decentralizing AI with OriginTrail and Polkadot

Ljubljana, Slovenia, April 29th, 2024, ChainwireThe explosive rise of Artificial Intelligence has sparked the first…

2 hours ago

The VR Project SimuGaze Presale Goes Live Today

Grundsheim, germany, April 29th, 2024, ChainwireToday marks an important date in the world of realistic…

3 hours ago

Good for XRP? Based On Ripple CEO Forecast, Analyst Sets Timeline For $200T TMC

EGRAG CRYPTO (@egragcrypto), a prominent analyst in the cryptocurrency space, has made a bold prediction…

4 hours ago

Best Crypto to Invest in: BlockDAG’s $21.4M Presale Triumph And Moon Keynote Captivate Beyond Kelexo & Bitbot’s Efforts

As Bitbot's presale draws attention with its market dynamics and Kelexo's presale gains ground amidst…

5 hours ago

RoboHero: Cybersecurity Vulnerabilities Threaten Web3 Project Owners as Twitter Account Compromised

RoboHero experienced significant challenges when hackers targeted their Twitter account on April 2, 2024. RoboHero,…

6 hours ago

Market Turns Red As Cardano Volume Dips & Chainlink Price Challenges While BlockDAG Mobile Mining App Goes Viral In May

As Chainlink (LINK) faces selling pressures following a brief surge and Cardano sees an increase…

7 hours ago