- Kaal Dhairya, a Shibu Inu developer, has warned members of the meme coin’s community against a potential scam.
- Dhairya advised SHIB users not to buy or trade the Calcium token.
- Calcium token has no liquidity, and claims of large losses are FUD.
Kaal Dhairya, a Shiba Inu developer, has warned members of the meme coin’s community against a potential scam. In a recent post on X (formerly known as Twitter), Dhairya advised SHIB users not to buy or trade the Calcium token. According to him, the digital token has no liquidity, and claims of large losses are FUD.
The SHIB developer shared a screenshot from an original blog post explaining the purpose and use of the newly created Calcium token. It stated that Calcium is a dummy token created only for the specific purpose of minting and renouncing BONE, the governance token of the ShibaSwap DEX, and the gas token of Shibarium.
According to Dhairya, those trading the token run the risk of falling for a scam, as Calcium will not have any future value or need. He classified those advertising Calcium for sale as potential scammers that the SHIB community members should avoid.
Following a persistent call by the SHIB community members, Dhairya published the steps for renouncing the BONE contract on September 16. The publication also included the steps for minting the rest of the BONE supply. The Calcium token was introduced as a facilitator of the minting and renouncing process, as indicated in Dhairya’s blog post. It also highlighted that Calcium is a dummy token not designed for trading, considering its potential lack of value.
Despite the clarification, the Shiba Inu community has witnessed increasing remarks about participants looking to engage in Calcium token trading. There have also been reports of investors losing significant sums from trading the dummy token. That warranted Dhairya’s latest post, reiterating the dangers of trading Calcium tokens, that they are potentially valueless.
Shytoshi Kusama, Shiba Inu’s lead developer, was also noticed to have shared a pinned message on Shibarium’s community Telegram group. It contained the same screenshot shared by Dhairya, with a description warning community members to desist from trading the Calcium token.
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