Note to the community: Please help us check, correct and keep this page updated. We need this community’s help to make sure we have covered all the information necessary for users to navigate SHIB’s ecosystem. Leave your comment and questions on the comments bellow. Thank you!
What is the Shiba Inu Token ($SHIB)?
Shiba Inu( $SHIB), is a token that runs on the ERC-20 network of the Ethereum blockchain, or Ethereum mainnet. It can be swapped using an Ethereum compatible wallet such as Metamask, by connecting to ShibaSwap, which is a Decentralized Exchange, or DEX. SHIB is part of this DEX as one of its native tokens, which include $LEASH and $BONE.
$SHIB’s Contract Address: 0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce
Shiba Inu was conceived as an experiment in decentralized spontaneous community building. The founder, who goes by the name Ryoshi, said this:
”We believe through the power of collective decentralization we can build something stronger than a centralized team ever could create.”
Collective decentralization, as Ryoshi envisioned, meant no central leadership, where the community is invited to participate, founders and developers alike work on a voluntary basis. The goal is set for future self governance, built by the community for the community.
SHIB was launched on August 1st 2020, and the contract was deployed with 1 Quadrillion Tokens. Half the supply was sent to Vitalik Buterin and burnt. By the time of this writing the remaining SHIB supply is 497,729 Trillion.
How to swap ETH for SHIB using ShibaSwap?
Follow the tutorial video bellow:
Does SHIB have an official team?
SHIB’s diverse team is composed of: social media administrators, web designers, graphic designers, artists, music producers, developers, product developers, financiers, IT security team, influencers and software engineers. They are active investors that offered their spare time to contribute based on an incentive to spread the news about the project and to grow the community. This was all done on a voluntary basis
From the beginning, the main Dev/Visionary Ryoshi lead Shib, to be joined by Shytoshi Kusama, who came to the community half way through the first year to help develop ShibaSwap. Today he is considered the main developers/project manager for Shib.
Beginning a trend that continues to defy common practice and set Shiba Inu apart from many other crypto projects, no Dev tokens were provided for either Ryoshi or Shytoshi or any of the devs or volunteers. Without exception all team members purchased their tokens as investors, buying SHIB at the market price.
As of today, Riyoshi has passed the torch to the next generation of SHIB’s ecosystem developers. In the early days, Ryoshi, the founder of the token, was pretty aggressive and kept early investors in check to protect the contract from future “Whales.” He was always vocal about the idea that to maintain the experiment full decentralization this was a necessity.
What is the Vitalik Buretin’s wallet?
From the total supply of SHIB, 50% was sent to Vitalik Buterin’s wallet, one of the co-creators of Ethereum. From that wallet VB burned 45% of total SHIBs supply, decreasing the number of tokens in siculation by almost 1/2 of the amount. Before burning his wallet, 5% was given to the Indian Relief fund, which was a historical charitable event for SHIB. This amount went towards humanitarian efforts to help India’s fight against the novel COVID-19 outbreak that had devastating consequences for that country.
Calculate SHIB’s burning distribution:
What is the difference between burning and sending tokens to a dead wallet?
Burning is the permanent removal of tokens from the circulation by sending them to an address without a key. This is usually done by the devs on a wallet verifiable on Etherscan, most commonly called an “eater address” where funds become unavailable.
Dead wallets are irretrievable wallets, which can be made by a mistake, natural life causes or by intent; when seed phrases are lost, when the wallets’s owner passed away without leaving the assets with a trustee, or intentionally creating a wallet with the purpose of eliminating assets.
What is ShibaSwap?
Shibaswap is a decentralized exchange (DEX) that allows users to exchange one cryptocurrency for another without leaving their wallets. It also provides network liquidity through a system of pools by staking and yielding farming. On ShibaSwap this is distinguished as Bury, or Dig.
ShibaSwap and Shib’s Ecosystem was envisioned by Ryoshi. ShibaSwap’s native tokens consist of SHIB, LEASH and BONE.
ShibaSwap also allows users to swap from one Ethereum based token to another as long as the token has enough liquidity.
What is ShibaSwap’s webpage?
Please make sure to connect to the correct address for ShibaSwap.
WARNINGS: Any other difference in letter for this address is an impersonator site and a scammer. Make sure to ONLY connect your wallet with the right webpage address.
What is Staking ?
Staking is the process of actively participating in validating a transaction (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards. On ShibaSwap, staking is called Bury.
How does staking work?
When the minimum even distribution is met, a node deposits that amount of cryptocurrency into the network as a stake (similar to a security deposit). The size of a stake is directly proportional to the chances of that node being selected to build the next block.
If the node successfully creates a block, the validator receives a reward, comparable in a way to how a miner is rewarded in proof-of-work chains. Validators lose part of their stake if they double-sign or attempt to attack the network.
What is inflation?
Inflation in staking is an equivalent of community earned returns. When new tokens are added to the network at a rate determined by the protocol, those tokens are redistributed to holders as rewards.
In ShibaSwap the inflationary token is BONE. BONE is farmed to yield returns.
Where do rewards for non-farming tokens come from?
For the rest of the tokens the rewards process works as a form of buy-backs. A percentage of all swap fees (excluding pairs that are explicitly rewarded to certain pools) are rewarded in the same staked token. Those tokens aren’t being created, the fees are being used to buy that token and then redistribute as rewards.
How does earning returns with ShibaSwap work?
As long as you’re eligible and hold the minimum balance of an eligible crypto you want to stake, you can earn returns on ShibaSwap. Because ShibaSwap is decentralized you have full ownership and responsibility for the investment you decide to make.
•You retain full ownership of your crypto.
Can I earn returns BURYING (staking) in ShibaSwap?
Yes, you can receive returns from adding your tokens to the BURY function. If the cryptocurrency you’re storing is eligible for rewards (staking rewards, APY, etc.), you’ll receive returns for that crypto.
Can I unstake my crypto?
Yes, you can unstake any time you want, but you will no longer receive returns unless you decide to re-stake(Bury) your eligible tokens. On Shibaswap, eligible tokens are Shib, Leash, and Bone.
To opt out of staking functions:
On the SS webpage: Go to BURY and select unstake. From there, you select apply.
For DIG your 67% is locked for a period of 6 months. You can also unpair your tokens and remove all your pairing from the pool. Be aware of impermanent losses as each pair price can oscillate causing one pair or both to lose it’s initial deposit value increasing the potential loss ratio.
Can I trade or send funds while they are earning rewards?
No. Funds added to LPs while staking will be locked up for 6 months for cash-outs, you will be able to cash out your cryptocurrency that is earning returns as you would any other cryptocurrency on ShibaSwap.
How do rewards work?
Each asset will have a different return and different calculations will be applied. (See details of percentage on the display of each return in the ShibaSwap.) ShibaSwap will receive the returns from the network and manually credits them to your reward balance:
Returns are calculated based on the amount of the cryptocurrency you hold in your respective wallet—the more you hold, the more you stake, the more potential rewards you receive if the volume of transactions is higher than the pool size.
Returns are influenced by the frequency of blocks produced by Ethereum’s network.
Will the returns rate always be a fixed percent? Or is there a possibility of an increase?
Multiple factors contribute to determine the returns rate, primarily delivered by the network’s protocol. The rate will move up or down depending on these factors. They can be relative to staked/stalkers ratio, validates performance, inflation rate for farmed tokens or savings rates set by the network, etc.
Note: devs are working on the users interface to make the rewards distribution automatic. As well they are negotiating with a reliable data company that are offering an affordable price to collect data in real time. More updates to come.
Is receiving returns a taxable event for ShibaSwap users?
If you are outside of America, ShibaSwap’s team recommends you to check with your country’s particular tax authority to verify how laws are applicable for staking.
US ShibaSwap users who are subject to US tax reporting are required to report their earnings from Staking rewards. US ShibaSwap users that earn over $600 in Staking returns should file for a 1099-MISC on your tax returns. You can learn more about the 1099-MISC on the official website of the IRS.
Where do I find my history of returning deposits for accounting purposes?
Each return will be available on your Bonefolio.
Are returns guaranteed?
There are a number of factors that contribute to returns distribution and gains including market volatility, ShibaSwap usage, pool volume, demand for tokens in the network, etc. These events can not be predicted or demanded. Because of these factors ShibaSwap can not guarantee that you will receive Staking returns, any specific returns, or any staking return over time.
What is yield farming?
Yield farming is an investment method that permits cryptocurrency holders to earn return on their crypto assets. Investors deposit their crypto assets into a loan protocol and in return to let their crypto to be used for liquidity they earn interest from trading fees. Governance protocols like BONE additional returns are returns to every function in Shibaswap.
You can compare farming to a loan given by a bank that charges loan interest when you pay back. Yield farming uses “idle crypto” that otherwise would be on your wallet without any use to provide liquidity in the ShibaSwap in exchange for returns and governance voting powers in the dogg DAO.
What are liquidity pools, liquidity providers and automated market maker models?
Decentralized MMA models are dependent on liquidity providers (LPs) that deposit funds in the liquidity pool. Liquidity pools are smart contracts with cash provided by holders that loan their inactive tokens to the pool, becoming a liquidity provider. ShibaSwap works using liquidity providers and liquidity pools with yield farming functions based on an automated market maker (AMM) model. AMM model is a common characteristic of decentralized exchanges such as ShibaSwap.
By using smart contracts created by the liquidity pools AMM eliminates the conventional CEX order book of “buy” and “sell” orders. In CEX the order book can manipulate the price depending on the demand and exchange’s fees rates. In the case of smart contracts this decision is based on algorithms.
The Defi network pays for trading fees to the protocol which uses liquidity pools to process swapping, borrowing and lending crypto in the network. The distribution of fees is dependent on the number of holders in the liquidity pool and the amount of shares each liquidity provider has.
In ShibaSwap every pair in the farming yielding function has different rewards and distribution relative to the amount of liquidity every token has in the swap.
What is Annual Percentage Yield and how is it calculated?
Staking Rewards Rate compounding is based on a set of intervals based on a 365-day period, a projection to be earned over an annual period.
Returns Rate projections is based on historical data received from the applicable asset protocols which gives us the APY calculation. The applicable asset protocol is responsible for these rates, and is neither controlled nor influenced by ShibaSwap and changes are expected (and thus the APY will change). The network determines the underlying rewards rate, not Shibaswap, which are equally applicable to all stakeholders. These factors include trades volume on the Swap, pool ratio, network traffic etc.
ShibaSwap’s team doesn’t take commissions in returns received, but it redistributes the gained returns in form of rewards to the respective pool wallets depending on the token. User’s interface (UI) needs to be built in order to handle transaction returns, which is done manually (on ShibaSwap’s end). Security procedures require the entire 30-60 hour process to be done by a developer and signed using a Top Dog multisig wallet.
Current APYs can always be found displayed in your asset wallet in the app.
At the time of this writing on Aug 10th, 2021, the ShibaSwap development team was negotiating data collector provider. Prices are rather expensive and require maintenance.
What is the distribution of DIG (yield farming-added pairs) function on Shibaswap?
DIG has a higher reward and higher risk. For this function you need to pair one token to another. Because of this relationship you gain from both sides of this pairing but you can also lose.
Pairing returns are relative to the amount of the individual holders in the pool you hold and activity volume in the swap which are diametrically opposed to each other. The more individual holders per pool and the lower is the volume in the swap it will reduce your returns and the higher the volume and lower the size of the pool it will increase your returns. Your adicional investment plus your rewards will be locked for a 6 months period. Every time you woof you automatically 67% back to the pool, counting as a new deposit to the pool. You can opt out whenever you want, but remember to mitigate your risk of impermanent loss.
In DIG your returns are more aggressive but you run the risk of IL. As long as your net is positive you are gaining on your investment. This function cares for more risk management and it is a short term gain, you make more rewards per day and you see it everyday by the end of the day. But in case of a dramatic fluctuation in the price of the tokens of your first deposit you might lose the value of your initial investment because the pairing locks the price from the day of the deposit. This is for those with higher risk tolerance, who want fast returns in a short period of time.
What are the distribution returns BURY (staking) functions on Shibaswap?
Staking or BURYING is the lower risk return in the Shibaswap. In this function you can opt out at any time without impermanent losses risk, you can woof 33% of your returns and let the other 67% returns compound for future returns. If you want your tokens to grow in numbers you can restake your 33% woof back to the liquidity pool. You can unstake your tokens at any time without losing your investment during major market fluctuations. The pool size also varies during the days and volume of pools and user transactions influences your rewards. This investment is calculated based on an interest rate yield per annual compound period (APY). The more you restake your rewards back to the LP you increase compound growth. Instead of leaving your tokens on your wallet without doing anything you are getting returns by lending them to supply liquidity to the Swap.
BURY gives you two forms of investment: one you make money by lending your tokens to the SS and you also make money when the tokens increase in value, it is a slow return but with ZERO risk. The deposited money is the same when you remove it according to the market value. These are for those with lower risk tolerance that are patient to wait for long term returns.
What is impermanent Loss?
Impermanent losses is when the price of your deposited tokens lose value while locked in relationship to the same tokens in the market price. In this function each pool has a size correlated to each pair. When a pair is added (AP) you are creating a relationship between the two tokens, the price of them is locked in time to maintain that specific size pool ratio.
Which tokens can participate in ShibaSwap?
Any development team is invited to apply to the SS and provide liquidity in the swap.
Listings on ShibaSwap are free, 50% is taken from each listed token and distributed to the users and 50% is burned for the ecosystem.
All new listings will burn $25000 equivalent in SHIB at the time of release.
What is a crypto wallet?
A crypto wallet keeps your assets safe and accessible, they are your private keys that allow the person who holds the key to send the assets from one address to another. They offer seed phrase keys where only the owner can assess the assets, same as with your bank account. But because crypto doesn’t have a centralized entity you are responsible to control and keep your keys private and secure. If you lose your keys you lose access to your assets forever.
Wallets are the safest option to hold your crypto assets. The safest wallets are the cold wallets, they are off-line USB driver daggetts that connect to your computer or phone such as a ledger.
What is the difference between wallets?
There are a couple different ways to keep your assets safe in wallets:
•Paper wallets: Keys are written on paper and stored in a safe place.
•Cold wallets: Keys are stored in an off-line thumb-drive device that is kept in a safe place that can be accessed by a computer or your phone. This is the most secure way to store large sums of cryptocurrencies.
•Online wallets: Keys are stored in an app or other software, important to make sure it is protected by two-step encryption.
If your assets are on an exchange you don’t own them, you only own your crypto when you have a hold on your keys.
Why are crypto wallets important?
Your holdings live on the blockchain, but can only be accessed using a private key. Your keys prove your ownership of your digital money and allow you to make transactions. If you lose your private keys, you lose access to your money. That’s why it’s important to keep your hardware wallet safe, or use a trusted wallet provider.
What happens if I lose my wallet’s seed phrase keys?
You can lose access to your wallet’s assets. Make sure to do a double security annotation of your seed phrase and create a plan for accessing them. Being that with trustees or on a safe only accessible to you. NEVER share your seed phrase with any stranger, in chats or in any online conversation.
Don’t take a picture and store it on your phone or on your computer. Any intruder can see them and steal your assets.
Are my crypto assets “saved” in my wallet?
Unlike your physical wallet crypto assets are not “placed” or “saved” in a physical place. They live on the blockchain.
When crypto assets are transferred from one wallet to another we are passing the ownership of one wallet holder to another. The blockchain records the transaction permanently and unchanged (until funds are moved again) the new recipient’s property.
The Wallet vs. Web Browser Concept
Alike websites that generate an address on the web the same works for the cryptos address written on the blockchain. The website .com address gives you the public access to the specific destination.
Crypto assets once authenticated in the blockchain produce a new public address for the assets. That transaction lives on a wallet. Wallets are an applicative that gives a public address and allows you to store your transactions that can be accessed with a seed phrase password.
Can I access my wallet in different apps?
Yes. Regardless of you using different wallets apps like Trust Wallet, MetaMask or Coinbase Wallet your asset will have the same wallet number. You can see your wallet using your original seed phrase in any app. Like how a website address is available in any web browser like Firefox, Safari or Google Chrome.
Which wallet does ShibaSwap accept?
ShibaSwap accepts transfers from Coinbase Wallet or Metamask currently.
Why were new tokens created and what are they?
Each token in the ecosystem provides different utilities. They all work in collaboration with each other, offering rewards and giving holders a specific source of investment and holder’s power within the ecosystem.
What are the tokens available in SHIB’s ecosystem?
SHIB’s ecosystem consists of SHIB, LEASH and BONE.
•SHIB: is the value token that made all the ecosystem possible. In the near future the utility of SHIB will become self-evident.
$SHIB’s contract number: 0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce
•LEASH: was created with a limited supply much lower than SHIB and is used to pair with both BONE and SHIB. This is the rarest token and because it’s rarity it offers holders the ability of gaining more rewards while providing liquidity on the SS.
$LEASH’s contract number: 0x27c70cd1946795b66be9d954418546998b546634
•BONE: was the latest token to be released and it was presented in a liquidity event during the first two weeks of the SS. BONE is responsible to give holders full democratic power within the SHIB community and it is the most participatory token in rewards returns. Basically every feature on SS gives you BONE as a reward.
$BONE’s contract number: 0x9813037ee2218799597d83d4a5b6f3b6778218d9
How to stake Shib, Leash or Bone using ShibaSwap?
Open the following ShibaSwap link https://www.shibaswap.com .
Connect your wallet (coinbase or metamask as of now).
Click BURY and then Stake Tokens.
You will be able to see a page where you can Bury Shib and the other two tokens.
Click Bury Shib and/or Leash > Bone.
Select the Token to stake and click approve.
You will now see a page where on your wallet you will be able to see the current fees and where you’re able to change the speed of the transaction: Speed advised = Fast.
Once you approve the contract you can click Stake and repeat the same procedure for the fees.
Once this process is completed you will be staking your Shib, Leash or Bone and can visualize the respective contract added as xShib, xLeash or tBone on your wallet depending on what you are staking.
⁃ xShib: 0xb4a81261b16b92af0b9f7c4a83f1e885132d81e4
⁃ xLeash: 0xa57d319b3cf3ad0e4d19770f71e63cf847263a0b
⁃ tBone: 0xf7a0383750fef5abace57cc4c9ff98e3790202b3
How to DIG?
Open the following ShibaSwap link https://www.shibaswap.com
Connect your wallet (coinbase or metamask as of now).
Click provide liquidity on DIG..
-Select “create a pair”, then select the pairs you want to combine.
-Click “supply,” confirm the transaction on your wallet.
-Go to WOOF to check your deposits and your added pairs balance.
-Click deposit your pairs to add liquidity.
How do I WOOF my rewards?
Open the following ShibaSwap link https://www.shibaswap.com
Connect your wallet (coinbase or metamask as of now)
Click on “farm tokens” on WOOF.
-Click to open on your added pairs, then click WOOF respective reward.
-Approve transactions on your wallet.
-On the right side panel you can verify your deposits, and your 67% woofed rewards.
-Check your wallet for the 33% remaining rewards.
What is dogg DAO?
DAO means decentralized autonomous organization. Doggy DAO is the SHIB’s ecosystem version inspired by the Ether DAO, which allows investors to send money from anywhere in the world anonymously. The Dogg DAO provides tokens to holders, allowing them voting rights on possible projects, while the ShibaSwap BONE holds these powers and it is the reward given in exchange for liquidity providing functions in the SS.
One of the major features of digital currencies is that they are decentralized. This means they are not controlled by a single institution like a government or central bank, but instead are divided among a variety of computers, networks, and nodes. In many cases, virtual currencies make use of this decentralized status to attain levels of privacy and security that are typically unavailable to standard currencies and their transactions.
Why does BONE have a voter power or dogg DAO powers?
Why is BONE democratic? Because BONE holders will be called to vote in SHIB’s ecosystem major developments changes. BONE doesn’t need to be bought, although it is available for purchase but the idea is to be earned through farming using SS. There is no conflict with SHIB.
Because of returns generated in the SS, BONE has a TopDog wallet. That wallet contains a large sum of BONEs and is responsible for rewards distribution within the ShibaSwap. Manual rewards are given every other week by the Development team using a 6/9 multi signature wallet. Which has a 24 hours alert security to prevent it from being triggered without alerting the community. This feature is exclusive for BONE.
What is CEX and DEX?
Centralized exchanges are platforms which facilitate the buying and selling of cryptocurrency, either for fiat currencies, like the US dollar, or between digital assets, like BTC and ETH. They function as trusted intermediaries in trades, and often act as custodians by storing and protecting your funds. Leading exchanges facilitate every aspect of the digital asset trading experience: from security, to fair market pricing, to regulatory compliance, consumer protection, and access to various digital assets.
Decentralized exchanges (DEXs), which do not use trusted intermediaries and instead facilitate the exchange of crypto assets by matching and executing trades through smart contracts. DEXs do not act as custodians of your funds, which means that you are always in control of your private keys, whereas centralized exchanges hold your private keys on your behalf.
How to send from CEX to MetaMask/Coinbase wallet?
Have your ETH wallet receiving address in hand. Go to “withdraw” plug your contract number then make the transfer. If it is possible, and withdrawal fees aren’t too expensive, run a small test first. Especially if this is your first time doing this.
Some exchanges will have different forms of confining your identity. Most of them will send you an email via email as a secondary security check. After confirming the email, return to the exchange and finish the transfer.
How to connect from cold wallets – ledger etc?
You can transfer your SHIB tokens from your wallet or exchange by sending them to the receiving address associated with your ETH compatible wallet. You will be charged a small fee for the transfer. Certain exchanges like crypto.com charge the highest withdrawal fees.
Make sure to run a small test before sending all of them.
Cold wallets like Ledgers don’t support all Tokens like LEASH or BONE. You will have to open a Mew wallet account to read the tokens that you deposited on your ledger.
Why is it important to have a wallet and not let your crypto assets on a CEX?
Because if you don’t have a seed phrase you don’t own your tokens or coins. The exchange does and they can use these tokens to manipulate the price and become whales themselves.
If the exchange is going through any te he noção update they can freeze your account and you won’t be able to move or access your assets. Exchanges also pose a security risk, they can be hacked and assets can be stolen.
How to set up a wallet?
Go to your phone or on your desktop, download the desired wallet. If you want to use ShibaSwap we recommend Coinbase Wallet or Metamask. Follow the steps and make sure to write down your seed phrase, keep that safe. Make a few copies and give to trustees or in a safe place you can always access. Make sure to make more than one copy, you won’t be able to retrieve this seed phrase if you are logged out and don’t have it in your hands.
How to add a custom token?
-Methamask: Go to the “+add tokens,” go to “custom token,” have the contract in hands, plug the contract in the “contract number”. It should populate the rest of the boxes but in case it doesn’t add on “Token name,” “Shiba Inu,” under “token symbol” add “SHIB,” under “decimals” add “18”.
-Coinbase wallet: you don’t need to add a custom token, it should populate itself automatically after transactions are completed.
How to avoid failed transactions?
Failed transactions are caused by congestion on the network. Miners get many requests and if your request is behind another request with a fee higher than yours your transaction might fail as miners can opt to gain more in transactions paying higher fees. To mitigate this you can place your transaction in front of the others by adjusting your speed to “fast” on your “settings” or by amping up your “nouce”amount.
Another way is to increase your slippage. These numbers are defaulted on your wallet and ShibaSwap and you can manipulate them by opening the “settings” table. Look for the symbol “⚙️” often in the right side of the box display.
If I have a pending transaction and it’s backing up all my transactions, what should I do?
If you have a transaction pending you can write down your seed phrase. “Log out” of your wallet. Go to Metamask on a desktop and “log in” using your wallet’s seed phrase and password. Your wallet will open on Metamask.
From there send a 0 ETH transaction to your receiving address. You will be sending a transaction to yourself to unblock the network. Open the “advanced preferences” and choose “faster transaction.” That should be enough to unlock the network and eliminate the problem. You will have to pay a small gas fee for this transaction.
How do I buy SHIB’s ecosystem tokens?
All tokens in the ecosystem: SHIB, BONE and LEASH need to be swapped from ETH to be acquired unless you are staking, yield farmming on SS which in return your will be receiving rewards that are deposit on your wallet.
What happens if I send my tokens to a different wallet?
You can only swap tokens from the ETH ecosystem to the same ecosystem.
If you send your tokens to the wrong wallet it will be lost forever.
Always test and double check the address and where you are sending your assets.
What is TopDog Wallet (development team’s wallet)?
The TopDog wallet also holds funds to invest in future products like Shibarium, continuing updates in ShibaSwap and marketing. Earlier voluntary administrators from various SHIB social media platforms are rewarded with a small fraction every month for their efforts helping to organize the community since SS was released.
This gesture makes sense because these guys are on the ground everyday working with the community and know what the SHIB community in large wants and their vote as BONE holders is essential to maintain and continue to deliver the community desires and needs to the main devs. I will explain the voting powers of BONE holders later.
What is a Shibarium?
Shibarium is the next development of SHIB’s ecosystem. It will give SHIB its own blockchain with a lot of benefits of crypto 2nd generation including: speeding transactions, eco friendly PoW system for authentication, self management storage per size in the block chain and full governance.
This phase a new coin will be introduced, called SHI. SHI will be the stable coin of the SHIB’s ecosystems.
Future advancements for SHIB’s utility are underway, including burning SHIB tokens to MINT NFTs using SHI.
What is ShibaNet?
ShibaNet will be a new way for any business, or person to sell products. All tokens Shib, Leash and Bone will be accepted as a form of payment on ShibaNet, SHI will be the stable coin option for payments. However, as ShibaNet runs on Shibarium, with Shi as the main currency, you can see how all the tokens work together to govern the system, keep it decentralized, and move this global network forward.
ShibaSwap being the gateway from other tokens to swap to SHI, and returns given from these swaps, we hope you see how the complete vision actualizes itself.
BE AWARE: SHI has NOT been released yet and it is NOT available on the market for swapping. It will become available for purchase when Shibarium comes to fruition, and it will NOT be acquired via swapping but direct from exchanges.
Shibarmy will allow split residual or royalty payments between parties whenever a contract is activated (item is sold). This will reduce the need for multiple hours of contract work in industries that are otherwise ridden with shady contracts and deals where artists and sub-contractors rarely see their residuals. Which will allow business to use SHIB as a collateral fee when making payments with SHI. At the same time controlling market volatile risk which adoption will become more desirable.
What is FUD?
FUD noun 1. fear, uncertainty and doubt, usually evoked intentionally in order to put a competitor at a disadvantage.”the FUD factor” — Oxford dictionary.
For more crypto related words check at: https://decryptionary.com/dictionary/
What is a Rug Pull?
Rug pulls are made by the project developer where the initial liquidity is held in one of many wallets, as soon as the project takes off these malefactors remove all the liquidity, abandoning the project and investors without funds. Vulnerabilities in the contract can be abused in these types of scams where investors cannot sell tokens but are left with tokens locked and only the developer can sell.
This is particularly common in Defi world as tokens can be created using a fork on the Ethereum or Binance block where there are no fees to list the tokens in decentralized exchanges such as Uniswap and Pancake swap .
NOTE: SHIB, BONE, LEAH and ShibaSwap have undergone a Certik auditing where security issues have been corrected and NO rug pull has been found. Here is the link for ShibaSwap and ecosystem Certik auditing results: https://www.certik.org/projects/shib
How to avoid a scam?
Don’t give your seed phrase to anyone. Your seed phrase is the same as your bank password or your physical wallet’s access, do NEVER give it to strangers.
The SHIB team does NOT distribute tokens, airdrops or any kind of awards unless it is posted by @Shytoshikusama account on Twitter.
Do NOT click on links that were sent by strangers in direct messages.
Does SHIB have a support center or a customer service?
SHIB is a decentralized protocol and ShibaSwap is a decentralized exchange and does NOT have a “customer service” the team will never directly message you first.
SHIB or ShibaSwap does NOT have a support center. You should be suspicious of any direct messages or anyone approaching claiming to be from SHIB’s support. It is more likely a phishing scam.
If you need help, look for the administrators on Shib, Leash, Bone, ShibaSawp or social media platforms. Contact them directly they will investigate your situation and give the needed help.
Does SHIB have a security team?
Yes. There is a large group of people working on a volunteer basis everyday collecting scammers information and removing: webpages, Twitter accounts, Telegram accounts, discounts accounts, Facebook accounts out of circulation and from malefactors hands that are trying to scam our community everyday. There is a hidden army working nonstop to make sure our community is safe.
Thank you SHIB’s scam patrol ❤️ for your hard work.
What are the most famous SHIB’s scammers?
Scammers BLACKLIST, be aware!
Twitter account: @shiba_bonus (scam) Web Pages with names:
Be aware of Social media or telegram accounts that contacts you using names such:
Shiba Customer Service
Shib Customer Service
Shiba Inu Token customer Services
Shibaswap Customer services
Shiba Inu Support
Shiba Inu token Support
Shiba Inu coin support
Shiba coin support
Leash customer services
Bone customer services
Anyone claiming to be ”customer service,” or any “support” from a SHIB or Shibaswap, or BONE or LEASH or any other token in the SS. If you receive a random direct message most likely is a phishing scam.
Scammers are very sophisticated and inventive, they have the skills to make perfect copies of Shibaswap and Shibatoken’s websites. If you see any scammers you can report them on Shib, Bone, Leash and ShibaSwap social media platform administrators know. They will report and track the scammers.
SHIBA INU Token dev’s team approved RESOURCES:
We have soldiers spread everywhere. We count on the community to help this project to go further. Please help the Shibarmy. You can begin your journey by reading all resources available.
•For more information read the white paper at:
•Shytoshi Kusama’s Medium blog:
•Shytoshi Kusama’s Reddit appearance with live questions and answers:
•Ryioshi’s Medium blog:
•Kaal Dhairya (SHIB devs) Medium blog: https://medium.com/@kaaldhairya/shibaswap-rewards-accumulation-and-distribution-explained-c01dff0dad81
Various Resources from community:
-How To Install Metamask And Create New Wallet:
-How To Connect Metamask To ShibaSwap:
-How To Add Tokens To Metamask:
-How To Stake (BURY) Tokens On ShibaSwap:
-How To Unstake (un-BURY) Tokens On ShibaSwap:
-How To Add Liquidity (DIG) On ShibaSwap:
-How To Remove Liquidity (un-DIG) On ShibaSwap:
-Shibaswap: adding shib, xshib, leash, xleash, bone and xbone to metamask wallet or trust wallet
-How do I cancel a pending eth/erc20 transaction?
-Transferring SHIB from Binance to metamask
-How do I speed up a pending eth/erc20 transaction?
-Impermanent Loss Calculator: