Understanding Shiba Inu Coin (& a bit of Shibaswap and the rest of the Shiba Inu Ecosystem)

 

What is the Shiba Inu Coin 

 

The Shiba Inu Coin (SHIB) is an 'ERC-20' token that will allow consumers and investors to hold 'billions and even trillions of them through its 'under a penny' price. SHIB boasts itself as a 'Dogecoin killer', as the 'under the penny' price can outpace Dogecoin in a 'small amount of time.' 


[ERC-20 Token are tokens exclusively used on the Ethereum platform.]


From the White Paper (Shiba Inu Ecosystem Woof Paper) 

 

Goals of Shiba Inu Coin

 

The Shiba Inu Coin is 'an experiment in 'decentralized spontaneous community building.' Creators of the Shibu Inu Coin believed in the 'power of collective decentralization,' aiming to build 'something stronger than a centralized team could ever create.' 


ETH & Shibaswap 

 

Shibaswap, 'Shiba Inu's 'decentralized cryptocurrency exchange', is a platform for consumers to 'trade, buy, sell and hold their valuable crypto while remaining decentralized' safely. 


The ETH is the foundation for Shibaswap, secure, well-established with the freedom to remain decentralized. With ETH, the Shiba Inu project could evolve without external regulations affecting its progress. 


The Shiba Inu Ecosystem and the Tokenomics of Shibaswap 


Of course, Shiba Inu ($SHIB) coin is the 'main' flagship token of Shibaswap. The other two tokens of Shibaswap are the Leash (Dogecoin Killer) [$LEASH] and Bone ($BONE). In Shibaswap, consumers can stake (or Dig, Bury or Swap) their tokens, generating returns distributed to 'Puppy Pools.' 




These pools will then distribute rewards proportionally to holders of the aforementioned token pools.


Consumers would get a fixed percentage of BONE with their staked tokens. Meanwhile, the 'SSLP pools distributed as BPB (Bone per block) based on the allocation points to each Puppy Pools.' 

 


 


 Certain Puppy Pools are eligible for double or triple returns. 

 

Statistics of Shiba Inu Coin 


Shiba Inu Coin, according to the Woofpaper, has 124,250 holders. Also, it has increased 2507392.4% as of 29/4/21. The incentives of SHIB is delivering 'DOUBLE returns.' When staking, or bury, this token, consumers receive BONE returns. 3% of all Bone per block (BPB) goes to the xSHIB pool, the staked SHIB. Within xSHIB, the 'pool is powerful' due to the 3% BPNB BOne Reward Allocation and 0.3% of 'All ETH swap transaction fees' occurring on Shibaswap.

 

 

 

 

Farming, or 'digging for Bones', will give consumers Shib-Eth SSLP (Share of The Pool) through SHIBA LP or bringing SHIB-ETH UNI-V2. Consumers get to share the SHIV-ETH SSLP (Shibaswap LP Tokens) within the SHIBA SSLP Puppy Pool. 


 

 

Summary 

  • Shiba Inu Coin (SHIB) is an 'ERC-20' token that will allow consumers and investors to hold 'billions and even trillions of them through its 'under a penny' price. 
  • SHIB can only be bought or sold on Uniswap, Coinspot, Binance and Crypto.com. 
  • Shiba Inu Coin is 'an experiment in 'decentralized spontaneous community building.
  • Shibaswap, 'Shiba Inu's 'decentralized cryptocurrency exchange', is a platform for consumers to 'trade, buy, sell and hold their valuable crypto while remaining decentralized' safely. 
  • In Shibaswap, consumers can stake (or Dig, Bury or Swap) their tokens, generating returns distributed to 'Puppy Pools.' 
  • 124,250 holders.
  • increased 2507392.4% as of 29/4/21. 
  • When staking, or bury, this token, consumers receive BONE returns.
  • Farming, or 'digging for Bones', will give consumers Shib-Eth SSLP (Share of The Pool) through SHIBA LP or bringing SHIB-ETH UNI-V2.

 


Comments

Post a Comment