Shiba Inu Team: Issuing counterfeit token CAL is only to give up ownership of the BONE contract, CAL has no value

Odaily Planet Daily News The Shiba Inu team issued a counterfeit token Calcium (CAL) on Friday as part of its plan to abandon the BONE token contract. Over 50% of the CAL token supply was picked up by a bot and listed on DEX ShibaSwap shortly after launch. However, a group of community members who claimed to have suffered losses created a new trading pair on Uniswap using their CAL token holdings and gained over 1,400 holders in less than 12 hours. The investors said they were "tired of Shiba Inu's promises" and intended to make Calcium a real project. This caused the price of the original CAL token to drop by 99%, with on-chain liquidity on ShibaSwap being just $4,800. However, CAL trading volume on Uniswap DEX reached $4 million, and liquidity reached $164,000. Shiba Inu developers said in a post last week that they would issue Calcium tokens to give up contract ownership of the newly launched Shibarium blockchain’s governance token, BONE. It is reported that abandoning a smart contract means that the creator of the contract will no longer control it and can avoid possible manipulation. The developer said: "This token was created only for a specific purpose, which is to give up BONE (contract ownership) after minting. Please do not trade this token as it will not have any value or demand in the future." Developer Kaal “If anyone is selling this coin, please consider it a scam,” Dhairya wrote at the time. (CoinDesk)