Have Shiba Inu Devs Copied The Shibarium Code?
With the sudden popularity of the Shiba Inu (SHIB) token, many people are asking the same question. Have the Shiba Inu developers shamelessly copied the code of the Shibarium (SHIB) token?
The Lowdown of the Shibarium
The Shibarium token was the first to popularize the concept of decentralized finance (DeFi). It was released in 2019 and is currently ranked 126th among all tokens by market cap.
While Shibarium isn’t a particularly lucrative token, its success in the DeFi space has made it an ideal contender to copy.
The SHIB Airdrop
Shortly after the launch of Shibarium, a team of developers announced the release of their own token. They called it Shiba Inu (SHIB).
The SHIB airdrop was designed to reward early adopters of the SHIB token. As part of the airdrop, users would be rewarded with SHIB tokens when they sent a small amount of ERC-20 tokens to a special address. This was similar to the airdrop for the Shibarium token.
Do They Look The Same?
Yes and no. While the two tokens are similar in many ways, there are key differences.
For starters, the SHIB token was released on the Binance Smart Chain (BSC). This is a completely different blockchain than the Shibarium token, which runs on the Ethereum network.
The SHIB token also offers more features than the Shibarium token. For instance, it offers automated liquidity incentives and staking rewards, while the Shibarium token does not.
Is It Plagiarism?
The short answer is no. While the Shiba Inu developers did draw inspiration from the Shibarium token, they did not copy its code.
The Shiba Inu developers wrote their own code and designed the SHIB token to fit their vision. They tailored the token to the Binance Smart Chain, and added features such as automated liquidity incentives and staking rewards.
Final Thoughts
The Shiba Inu developers may have drawn inspiration from the Shibarium token, but they didn’t outright copy its code. The SHIB token is its own unique creation, and has pushed the boundaries of DeFi to new heights.
All in all, the launch of the SHIB token has proven to be an unqualified success. It’s quickly become one of the most popular tokens in the DeFi space, and its success looks set to continue.
