Shiba Inu lead developer, Shytoshi Kusama, denies involvement with Ethereum-based cat-themed memecoin Shiro Neko.
Shiro Neko and Shiba Inu Companions for Twin-Staking Initiative
Yesterday, the Shiba Inu ecosystem’s official X deal with introduced what it described as “crypto’s fiercest collaboration” between its group and Shiro Neko (SHIRO).
Following the partnership, Shiro Neko will introduce a dual-staking initiative after its extremely anticipated launch on December 2. The initiative could be a significant win for each SHIRO and SHIB holders, as they’ll stake their tokens collectively. Notably, customers who stake SHIB will obtain SHIRO rewards, whereas those that lock up SHIRO will likely be rewarded in SHIB.
Crypto’s fiercest collaboration simply leveled up! 🐾@shiro will launch dual-staking following their extremely anticipated December 2nd launch. An enormous win for the #ShibArmy and Shiro Neko communities, uniting two of crypto’s boldest species—canine and cats. 🐶+😺=❤️ pic.twitter.com/KW0ql6avLd
— Shib | TreatYourself Season (@Shibtoken) November 28, 2024
Kusama Reacts as Group Raises Concern About Shiro Neko Legitimacy
As anticipated, a number of Shiba Inu group members celebrated the transfer, believing the initiative might additional drive SHIB’s adoption. Nonetheless, some customers expressed concern concerning the legitimacy of the Shiro Neko group.
Broadly-followed group determine Danoshi sarcastically recommended to Kusama that the partnership between Shiba Inu and Shiro Neko “just isn’t scammy.”
Nonetheless, Kusama cautioned in opposition to mentioning his identify within the dialog. He explicitly said that he has no involvement with Shiro Neko, distancing himself from the undertaking.
Early Engagement Between Shiro Neko and Shiba Inu
Considerations about Shiro Neko’s legitimacy come a month after Shiba Inu’s community-driven rip-off channel, Susbarium, issued a warning concerning the undertaking.
Shiro Neiko, which initially sought a partnership with Shiba Inu final month, burned 5.58 billion SHIB in a single transaction. Following the burn, the group behind SHIRO requested whether or not it might turn out to be associates with Shiba Inu.
A couple of minutes later, Susbarium inspired Shiba Inu group members to be cautious of recent tasks burning SHIB as a promotional technique for his or her token. Though it didn’t label SHIRO a rip-off, Susbarium urged buyers to conduct due diligence earlier than investing within the token.
A number of weeks after the warning, Shiba Inu formally has now partnered with Shiro Neko for its dual-staking launch, elevating discussions about its legitimacy.
