Shiba Inu developer Kaal Dhairya advised community members against purchasing Calcium tokens. Stating that the token has no liquidity, Dhairya warned against potential fraud.
a fake coin
Dhairya shared a screenshot from an original blog post explaining the purpose and usage of the newly created Calcium token. In the article, it was stated that Calcium is a fake coin created for the sole purpose of minting and giving up BONE, the management token of ShibaSwap DEX, and Shibarium’s gas token.
As previously mentioned in the screenshot below, we are in the process of renouncing BONE. Please do not buy or trade the Calcium token (seriously), there is no liquidity and claims of large losses are FUD. PLEASE READ : https://t.co/BgNsdLMUop pic.twitter.com/1pxoaK4A12
— Kaal (@kaaldhairya) September 21, 2023
Dhairya emphasized that those trading the token run the risk of falling into a scam, as Calcium will not have any value in the future. SHIB classified those advertising Calcium for sale as potential scammers that community members should avoid.
After persistent calls from community members, Dhairya published the steps to abandon the BONE contract on September 16. The release also included steps to print the remainder of the BONE supply. As mentioned in Dhairya’s blog post, Calcium token was introduced as a facilitator of the minting and surrender process. It was also highlighted that Calcium is a fake token not designed for trading considering its potential lack of value.
Despite the statement, the Shiba Inu community has witnessed increased disclosures about participants wanting to trade Calcium tokens. In addition, it was noted that there were reports that investors lost significant amounts from fake token trading. This vindicated Dhairya’s recent post reiterating the dangers of Calcium token trading and their potential worthlessness.
