ShibAI releases an open letter to its neighborhood, explaining the incident and urging for help in opposition to the copycat challenge, AIShiba, which has brought on confusion and harm to their popularity.
ShibAI Open Letter
Shib AI has launched an open letter, in the kind of a Twitter thread, to its neighborhood relating to a current incident involving a brand new challenge named AiShiba, which has used the similar token ticker as ShibAI.
AiShib was listed on the MEXC alternate earlier than ShibAI, regardless of its engagement and authenticity being referred to as into query by ShibAI.
The founder of ShibAI has defined in the letter that the staff had been working laborious on their challenge since the finish of February, constructing their neighborhood, creating their graphic identification, and hiring builders to create an AI chatbot on their web site utilizing the Chatgpt API. The chatbot can be fine-tuned for crypto and monetary knowledge, offering customers with higher outcomes, and was named Shibintelligence.
Nonetheless, ShibAI’s plans have been impacted when two new initiatives, $PEPE and $AIDOGE, emerged a few week in the past. On April seventeenth, AIShiba was based on social media, and inside 24 hours, the challenge had gained 50,000 pretend followers, 20,000 pretend DC members, and pretend retweets, likes, and engagement.
Shib AI believes that the challenge is a rip-off, parasitic on the hype surrounding AIDOGE, and instantly copied ShibAI’s ticker – $SHIBAI – as a result of there have been already many tweets about it, they usually have been making an attempt to steal from ShibAI.
The state of affairs escalated when the MEXC alternate listed AIShiba earlier than ShibAI, regardless of ShibAI’s neighborhood being in existence for 2 months, whereas AIShiba was simply based. This brought on panic amongst Shib AI’s staff as individuals began shopping for the token SHIBAI on MEXC, regardless that Shib AI had not issued any tokens. MEXC additionally shared AIShiba on Twitter, the place they’ve 800,000 followers, and the challenge gained momentum, leaving Shib AI not sure the right way to cope with it.
ShibAI’s staff thought-about altering the ticker and renaming themselves, however discovered that each one comparable tickers have been already taken. Altering the challenge’s title was not an choice both, because it was in the course of of being verified on Twitter, and it was in the emblem and all graphics.
ShibAI determined to launch its challenge on the BNB community inside 24 hours, apply for listings on CoinGecko and CoinMarketCap, and hope that they’d record them first as a result of they required an internet site that AIShiba didn’t have. Nonetheless, inside just a few hours, AIShiba launched an internet site and was listed on these platforms.
ShibAI launched their challenge on April twentieth, however it was not very profitable, with many individuals writing to them accusing them of being a rip-off, and a replica of AIShiba. ShibAI urged their neighborhood to look at their first posts, their web site, the date their Discord was based, and their graphics to see that they have been the reverse of AIShiba.
ShibAI hopes that their neighborhood will help them and assist them struggle in opposition to AIShiba, which has brought on confusion and harm to ShibAI’s popularity.
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About ShibAI
The staff has outlined that they’re bridging the worlds of synthetic intelligence and cryptocurrency to create a novel, dynamic, and progressive memetoken. The challenge’s mission is to revolutionize the means individuals work together with memes and cryptocurrencies, elevating the person expertise to new heights.
