Shiba

Reddit

Booster

Shiba Inu

<p><em><strong>HalfShiba claims to have increased Shiba Inu’s (SHIB) value, while people around the internet claim that It is just a Scam.</strong></em></p>
<p>In January of last year, HalfShiba ($Shiba0.5) was one of the most popular searches on Google Trends. The token claims to increase the value of the SHIB meme coin by removing trillions of Shiba Inu (SHIB) from circulation. However, Shiba Inu’s lead developer, Delomiro, warns that the project’s creators may have ulterior motives. In addition, many Reddit users have raised concerns about this token’s motives.</p>
<h2 class="wp-block-heading" id="strong-how-does-halfshiba-claim-to-increase-shiba-inu-s-value-strong"><strong>How Does HalfShiba Claim to Increase Shiba Inu’s Value</strong></h2>
<p>$SHIB LP [liquidity pool] is paired with HalfShiba, which helps to utilize SHIB tokens and prevent bots and snipers. Every transaction burns HlafShiba, and more than $1 billion in SHIB has been burned as of now. It allows the creators to remove trillions of Shiba tokens from circulation.&nbsp;</p>
<p>549 trillion out of 589.7 trillion mined tokens have been removed from circulation, and the maximum supply has not yet been set. The high supply has negatively impacted the value of the asset.</p>
<p>Half of Shiba’s social media accounts are mostly inactive, including Twitter, with only 1,709 subscribers, and a completely blank Telegram channel, with very few subscribers. However, the Chinese community in the Telegram channel Half Shiba is more active. A user named L D noted that the token is still in the initial phase and explained why it is waiting for success.</p>
<p>The token contract is renounced, and the LP is burned, making it almost impossible for the token to “rug.” Shibarium will be launched soon, and Shib0.5 will allow Shibaswap to burn SHIB in every transaction. Currently, burns for SHIB to reach $1 may take several thousand years, but Shib0.5 will significantly reduce this time.</p>
<p>Although the creators of HalfShiba claim to be connected to the original project, there is no official mention of it on the official Shiba Inu Twitter page or subreddit. There is no transparent or clear documentation available. Besides, the creators cannot explain the principles of their project in simple language.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-is-halfshiba-a-scam-strong"><strong>Is HalfShiba a Scam</strong></h2>
<p>The SEC Chairman Gary Gensler has named several signs of a scam, including a lack of transparent documentation, creators who cannot explain the project’s principles in simple language, and promises of high profits.</p>
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<p>However, the security subreddits have also been checked as well as the CryptoScamsReport, but there is no information about the project on these resources. There is also no mention of HalfShiba in the Scam Alert database. On the other hand, there is a caution post on Reddit showing the possibility of scam in HalfShiba.</p>
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<p>The number of transactions for HalfShiba is growing, but it is essential to be cautious. There is also a <a href="https://www.thecoinrepublic.com/2024/03/03/shiba-inu-price-analysis-will-shib-smash-all-time-high/" target="_blank" rel="noopener noreferrer nofollow">SHIB token </a>giveaway scam, where users are encouraged to connect their wallets and then have their funds stolen by hackers. If the readers have already clicked on the link, they may consider moving their tokens to a different wallet as soon as possible.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The HalfShiba token claims to increase the value of the SHIB meme coin by removing trillions of SHIB from circulation. However, some users, including the lead developer of Shiba Inu, question its creators’ motives. There is no information about it on security subreddits or CryptoScamsReport, but there is a caution post on Reddit showing the possibility of a scam in HalfShiba.</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>The views and opinions stated by the author or any people named in this article are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos, or other related indexes comes with a risk of financial loss.</p>

HalfShiba Crypto: Is It SHIB’s Value Booster or Just a Scam?

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