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Shiba Inu Lead Invites Elon Musk, Delivers Major BONE News

Priscilla Anthony
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In what could be a groundbreaking encounter in the crypto-verse, Shytoshi Kusama, the pseudonymous architect behind the Shiba Inu project, has reached out to tech magnate Elon Musk. Kusama invited Tesla CEO Musk to the upcoming Blockchain Futurist Conference. The event, taking place on August 15 & 16, 2023 in Toronto, Canada, is expected to unveil the much-anticipated Shibarium, Shiba Inu’s own layer 2 blockchain.

Capitalizing on Musk’s recent display of fondness for Canada, Kusama shared the invitation via Twitter: “See you at Blockchain Futurist Conference”. Interestingly, Musk had also mentioned “Shiba Inu” in an earlier tweet, albeit likely in the context of the popular dog breed, alluding to Dogecoin (DOGE), not the cryptocurrency SHIB. However, the coincidence wasn’t lost on the SHIB community, stirring excitement and anticipation in the ranks.

The Blockchain Futurist Conference is not merely a stage for Shiba Inu’s endeavors; the meme coin has risen to the status of one of the title sponsors of the event. This association aligns Shiba Inu with other major players in the cryptocurrency landscape, bolstering its position in the market.

One of the highlights of the conference for Shiba Inu is the unveiling of its completed Worldpaper. This detailed document will throw light on all SHIB branded projects, introducing them to the broader crypto community. The Worldpaper will also include an exclusive first-time discussion on the Treat project, a significant initiative under the Shiba Inu banner.

Furthermore, Kusama has further stoked the fires of anticipation by confirming that there are strong indicators pointing towards the launch of the L2 Shibarium at the conference. This move is expected to mark a significant milestone in Shiba Inu’s journey towards creating a robust, community-driven blockchain ecosystem.

Shiba Inu: Remaining BONE Will Be Minted

Adding fuel to the fire of anticipation surrounding the Blockchain Futurist Conference, Kusama released significant news regarding the future of BONE, the digital token associated with the SHIB community.

In a major blog post, Kusama shed light on upcoming developments: “With the incoming launch of Shibarium…we will mint the remaining supply of BONE and renounce the BONE contract,” he disclosed.

This pivotal decision will prevent further minting of BONE and ensure that a substantial portion is allocated to validators in the upcoming blockchain system. BONE is also set to serve as the gas token for Shibarium and play a crucial role in technology governance within the new system.

This reveals Shiba Inu’s grand strategy of trailblazing a decentralized future, stepping beyond the current state of affairs in the crypto sphere. As Kusama eloquently put it, “This isn’t just about following the path of decentralization; this is about trailblazing a new destiny for the world.”

At press time, SHIB bulls were still struggling with the 23.6% Fibonacci retracement level, which had been the former resistance line of an ascending triangle. To confirm bullish momentum, SHIB needs to stay above this support level.

Shiba Inu price
Shiba Inu struggling with the 23.6% Fib level, 1-day chart | Source: SHIBUSD on TradingView.com

Featured image from iStock, chart from TradingView.com

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