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Shiba Inu Lead Developer Responds To Claims That The Team Lied

DATE POSTED:August 20, 2024

The lead developer of the Shiba Inu (SHIB) token, Shytoshi Kusama, has offered a solid rebuttal to the person challenging the development of the meme coin. Despite his unwavering support, the tokens price has plunged, dampening investor enthusiasm. As a result, ETFSwap (ETFS), with its proven track record of delivering investor profits, has become a sought-after alternative for many Shiba Inu holders.

Shiba Inu (SHIB) Faces Criticism And Price Slump

The critic with the Twitter handle Moa claimed that the Shiba Inu (SHIB) developers made baseless promises, accusing them of lying to customers. This criticism highlights the evident discontent within the Shiba Inu community as the token remains compromised in the market. In response, Kusama, the lead developer, reiterated that the Shiba Inu () team has laid down plans to mitigate the issues concerning the project. He assured them he understood their concern but urged them to exercise patience and tolerance. 

The lead developer further pointed out that the team has been working on putting solutions in place as soon as possible, although no time frame is given to the public to prevent disappointments. The lead developer encouraged the community to look at Shiba Inu through a wider lens and noted that the project has made significant progress regardless of the fluctuations in the market. However, the absence of a price surge following marketing head Lucie’s promises at the 2024 Blockchain Futurist Conference heightened investor concerns. 

Unlike the previous year, the anticipated price rise failed to materialize, adding to investor disappointment. Experts attribute the current price fluctuations to broader market trends and economic conditions. Considering the constant work behind developing a sustainable future for Shiba Inu (SHIB), Kusama, the lead developer, recently asked people to be patient while experiencing criticism and other difficulties. The lead developers’ reaction to the Shiba Inu (SHIB) critic also illustrates the need to think big in the unpredictable crypto market.

ETFSwap (ETFS): A Comprehensive DeFi Investment Platform

Capitalizing on Shiba Inu’s declining performance, despite its lead developer Kusama’s staunch defense against criticism, ETFSwap (ETFS) has emerged as a potential solution. As a groundbreaking DeFi platform built on the ERC-20 standard, ETFSwap (ETFS) stands out among other crypto giants by harnessing blockchain technology to offer investors access to a diverse range of tokenized exchange-traded funds (ETFs). These ETFs encompass various real-world assets (RWAs), and commodities like gold, oil and so on across various sectors such as agriculture, healthcare, and transportation.

Notably, all ETFs on the ETFSwap platform will feature a 10x leverage option, enabling investors to achieve profits of up to 1,000%. Additionally, investors can expand their positions on available ETFs with a 50x leverage feature, potentially yielding a remarkable 5,000% return on investment. As a prominent player in the crypto space, ETFSwap (ETFS) equips its users with advanced AI-powered tools such as the ETF Filter, ETF Tracker, and ETF Screener.

These tools identify the most profitable ETF investment opportunities based on historical performance and current market conditions, helping to mitigate risks in this volatile industry. To safeguard its users against fraudulent activities, ETFSwap (ETFS) has completed its KYC verification process with SolidProof, a security audit firm specializing in identifying vulnerabilities in blockchain projects through both manual and automated testing. Furthermore, thanks to ETFSwap’s streamlined approach, investors can join the platform without the burden of KYC verifications.

Besides the platform’s existing features, the strategic launch of ETFSwap’s ETF in 2025 is set to provide investors with a familiar and streamlined trading vehicle. In addition to the ETF launch in 2025, ETFSwap (ETFS) plans to introduce its beta platform within the next 30 days, offering early investors a unique opportunity to maximize their earnings as the platform develops and gains traction in the market.

Enjoy Strategic Vesting Schedule With ETFSwap (ETFS)

ETFSwap (ETFS) has swiftly raised over $4 million through its ICO, selling over 600 million tokens in just weeks. Smart investors are capitalizing on the current $0.01831 token price, as analysts project a potential 4000% return post launch. Don’t miss this opportunity; invest now and benefit from a strategic vesting schedule starting with a 30% release post-launch and subsequent 14% monthly distributions. 

For more information about the ETFS Presale:

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

The post Shiba Inu Lead Developer Responds To Claims That The Team Lied appeared first on The Merkle News.