Shiba Inu's Ryoshi Mainnet Launch Delayed Due to Team's Commitment to Quality and Sustainability

Shiba Inu's highly anticipated Ryoshi mainnet launch has been postponed from Q1 2024 to Q2 2024. The delay is attributed to the project's commitment to ensuring platform sustainability and performance. Despite the setback, the Ryoshi Testnet remains available for transactions and dApp deployment. The mainnet is expected to empower users with enhanced utility, enabling seamless transactions and gas fee payments using Shiba Inu (SHIB).

Shiba Inu's Ryoshi Mainnet Launch Delayed, Team Emphasizes Commitment to Quality and Sustainability

Shiba Inu's highly anticipated Layer 2 blockchain, Ryoshi, has encountered a minor setback in its development timeline. The original target date for the mainnet launch, set for the first quarter of 2024, has been slightly adjusted to the second quarter of the year.

In an official announcement, the project's development team explained that the decision to delay was made after careful consideration and is rooted in the team's unwavering commitment to delivering a platform that meets the highest standards of sustainability and performance.

Despite the delay, the team emphasized that the Ryoshi Testnet remains fully operational, allowing users and developers to continue exploring and utilizing the platform's features for both transactions and dApp deployments.

Ryoshi Mainnet: Paving the Way for Enhanced Utility and Shib Integration

The Ryoshi mainnet is designed to empower Shiba Inu users with enhanced utility, enabling seamless transactions and gas fee payments directly using Shiba Inu (SHIB) tokens. This integration represents a significant step forward for the meme token ecosystem, unlocking a new era of utility for SHIB.

Central to the Ryoshi vision is the implementation of a custom gas token, leveraging Shiba Inu's vast user base to drive broader adoption of SHIB. According to the project team, utilizing SHIB as gas will open up a world of possibilities for Shiba Inu users, granting access to a comprehensive range of web3 services, including decentralized finance (DeFi), non-fungible tokens (NFTs), gaming (GameFi), domain name services, meme coins, staking, and decentralized governance.

Governance Token in the Works, Impressive Burn Rates Continue

In addition to the mainnet development, the Shiba Inu project has announced plans to launch its own governance token, although no specific timeline has been disclosed. This governance token will empower the SHIB community to participate in the decision-making process and shape the future direction of the ecosystem.

Meanwhile, Shiba Inu has concluded the first quarter of 2024 with remarkable burn statistics and notable market activity. According to data from Shibburn, over 5 billion SHIB tokens were destroyed during the month of March across 217 transactions, resulting in a monthly burn rate of 2330%. This ongoing effort to reduce the circulating supply of SHIB has the potential to positively impact the token's value.

The team remains confident in its mission to deliver a high-quality Ryoshi mainnet, recognizing that this delay is a necessary step to ensure the platform's long-term success. The Shiba Inu community is encouraged to remain patient and supportive as the project navigates this pivotal development phase.