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ShibaSwap Release will Make Shiba Inu Hit New ATH

Once upon a time, there was a very special dog. That dog was a Shiba Inu, and this dog inspired millions of people around the world to invest money into tokens with the dog’s image on them. According to the SHIBA INU website, SHIB is the “DOGECOIN KILLER” and will be listed on their own ShibaSwap, a decentralized exchange.

One thing that makes Shiba Inu Token unique is that The SHIBA INU website invites dog-inspired artists from all over the world to foster the “artistic Shiba movement” as they bring their SHIBA INU community into the NFT market.

SHIBA INU has also created a campaign using Amazon Smile in order to collect donations for rescue real, live Shiba Inu dogs with the Shiba Inu Rescue Association.

3 Good Reasons Why Shibaswap Release will pump Shiba Inu Token

ShibaSwap is undergoing security tests, audits and final updates to prepare for a safe launch!. Shibaswap started as a fork of Sushiswap and added new little twists and elements.

It is a fully decentralized endeavor that will issue the BONE token (supply starts at 0).

With the release of Shibaswap we foresee Shiba Inu making history setting up a new All time high, and here’s why we think so.

1. Shiba Inu Staking, Farming and Lp Pools

Shiba will have its own L2 soon. The Shiba L2 (Shibarium) will actually use BONE as the primary pair token. The reason they are using BONE instead of SHIBA is that BONE will have a fair and “0” start in which they will not have to be concerned about arching the “whale bags”.

But if you are a SHIBA or LEASH holder, your holding will be used to yield BONE at the launch of SHIBASWAP. Now, this will lead to massive adoption of the SHIBA INU Token and that will make it hit a new ATH.

Just as seen below the amount of CAKE token staked both in pools, farms, Lp and more.

That will be the same way SHIBA will be staked to earn more tokens, and this activity will reduce the supply, and increase the demand in the market making the price to inflate due to the law of demand and supply.

The WoofPaper notes that you will use SHIB to DIG for BONES or ShibaSwap, or even BURY your tokens. “Trainers” can teach their Shibas to SWAP tokens as well — all of these actions create “Returns” that are put into the Puppy Pools, where the #SHIBARMY has the option of BURYING or DIGGING for BONES.

2. Amazon Smile

Shibas may be the cutest dog breed ever but they aren’t the easiest dog breed to keep. For this reason, and admittedly very surprisingly, many Shibas actually need to be rescued worldwide. For this reason, they launched a community effort utilizing the built-in Amazon Smile feature to donate to this cause.

This no cost method allows any Shiba Inu member to help Rescue Shiba Inus by simply using smile.amazon.com when they place orders and put their preferred non-profit organization to Shiba Inu Rescue Association a 501(c)3.

A percentage of your purchases go to support automatically. No cost to you! Our power is in community and as a community we can help Rescue Shibas! 

3. Volunteer Dev Team

The Shiba Inu dev team (like developers, marketers, shilers and more) are all working on volunteer. That’s they have passion for the Shiba Inu token success, and aren’t paid individually.

Ryoshi has stated that.

Since “team” has no tokens and he’s just some volunteer, they can’t pay anybody in $ETH or $SHIB for influence or exchange listing. Already in the time since $SHIB is known, he has had 28 different “influencers” contact him trying to get a free tokens and 9 different “exchange representatives.” to all of them I say the same thing.

Thank you for your interest in $SHIB. We are an experiment in decentralized spontaneous community building. The team and admin are all volunteers here and have had to market buy the tokens the same as everybody else, so there is no bucket of tokens or funds to pay to anybody or anything. If you wish to help the project you certainly can and work with us to find a way to make your efforts the most valuable. We believe through the power of collective decentralization we can build something stronger than a centralized team ever could create. ALL HAIL THE SHIBA!

Ryoshi

So that is where there are now, already the telegram community has 180k+ members (some are bots someone added, but it’s ok) and millions of dollars in trading volume on Uniswap and listed already on Binance, Okex, FTX, Houbi, Coin Gecko, and CMC. Before they tell you the future, maybe will be fascinated about “how they did it” with no money!

Typically here’s the strategy that’s responsible for Shiba Inu success until today base on voluntary.

  • If you are an influencer, you can speak about SHIBA on your platform
  • If you are listing a person from the exchange, you can list SHIBA or invite us to participate in a community listing contest. Ryoshi can promise you that the SHIBA army will always win over pleb coin
  • If you want to help set up the core growth of the project, some development thing like yield farming or be more involved in the marketing plan, run new channels then we can talk and see where is a good fit.
  • Ideas to increase trust and transparency for the project
  • If you are a dark web shillboi, you can make chan and Reddit and our SHIBA Army will support you.

This is the energy Shiba Inu Token has been harnessing that has guaranteed their success this far.

How Many SHIBA INU (SHIB) Coins Are There in Circulation?

The SHIBA INU website notes that they locked 50% of the total token supply on Uniswap, and “threw away the keys!” The remaining 50% was “burned to Vitalik Buterin.”

There are several other tokens described on the SHIBA INU website — LEASH, which has “been unleashed and will not rebase,” BONE, the “Dogecoin Killer” (which is not yet available as of June 2021).

The WoofPaper notes that you will use SHIB to DIG for BONES or ShibaSwap, or even BURY your tokens. “Trainers” can teach their Shibas to SWAP tokens as well — all of these actions create “Returns” that are put into the Puppy Pools, where the #SHIBARMY has the option of BURYING or DIGGING for BONES.

In the beginning of May 2021, dog-meme tokens like Shiba Inu saw transaction volumes in the hundreds of millions of dollars.

On May 13, Vitalik Buterin (who was given half of the token supply by the developers) announced that he was donating a large amount of these tokens to a fund helping India with COVID relief.

The SHIBA developers had not anticipated Buterin selling his tokens, so the relief fund (as of May 18) will have to navigate how to sell the tokens to use the money on aid without preventing market shocks in the SHIB market. At the news of Buterin’s announcement, SHIB dropped 44%.



This post first appeared on Cryptocurrency And Forex News, please read the originial post: here

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ShibaSwap Release will Make Shiba Inu Hit New ATH

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