Shiba Inu Community Alerted to Fake Shibarium Testnet Rewards: Details

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Shiba Inu Community Alerted to Fake Shibarium Testnet Rewards: Details
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Shiba Inu community warned of malicious Shibarium testnet rewards SHIB $SHIB SHIBcommunity ShibArmy

@susbarium shared a screenshot of a Twitter post from a scammer who claimed to have received his Shibarium testnet reward. It warns the Shiba Inu community that there are no Shibarium testnet rewards to be collected and urges them not to fall for these traps.from a SHIB community member who posted a screenshot of a scammer promoting fake Shibarium launch rewards on Twitter. The SHIB community has been urged to ignore these messages, as they are nothing but scams.

Shiba Inu owners are urged not to click on suspicious links. Scammers frequently employ social engineering to obtain personal information from individuals or to trick them into revealing their passwords or seed phrases. Some attacks merely require the victim's wallet address.Validators play a critical role in maintaining the Shibarium network. Validators run a full node and safeguard the network by staking BONE to generate blocks, validate them and participate in PoS consensus.

Validators will receive rewards proportional to their stake in exchange for their duties and contributions. The rewards will be distributed among all players based on the number of tokens staked. The user's reward balance will be recorded in a contract, which is used to determine the rewards that can be claimed. Rewards will be distributed to all stakers proportional to their stake at every checkpoint, except for the proposer getting an additional bonus.

Shibarium is still on the testnet and has not yet debuted on the mainnet. On March 11, Shibarium beta"Puppynet" was released.

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