Shiba Inu promises to launch scaling solution soon

Wait for the Shiba upgrade

There have been reports in the crypto space that Shiba Inu developers are now actively working on creating a solution for scaling the second-layer network (layer 2) and may soon announce its launch.

What is Shiba Inu?

How does the Shiba Inu ecosystem work?

The key element of the ecosystem is the SHIB token. The initial issue amounted to 1 quadrillion coins, but a significant part has already been burned. At the time of writing, less than 60% of the tokens are in circulation.

The Leash Dogecoin Killer (LEASH) and Bone ShibaSwap (BONE) coins are also used in the ecosystem. They appeared much later than SHIB. LEASH has a supply of 107,647 coins, all of which are in circulation. The BONE issue is 250 million tokens. At the time of writing, there are over 6 million coins in circulation.

BONE is a governance token. He will be used to vote on ShibArmy proposals in 2022. The weight of each vote is determined by the number of coins available.

The advantages of Ethereum made it possible to ensure a high level of decentralization for ShibaSwap. Specialists from various fields worked on the platform. The developers plan to make it the most popular and largest in terms of trading volume on the network. To interact with a non-custodial trading platform, a Web3 wallet like MetaMask is suitable.

Data: ShibaSwap.

The site contains the following sections:

SWAP. Allows you to exchange tokens exclusively on the Ethereum network. The greatest liquidity is concentrated in pairs with the project coin.

DIG. The section allows you to add assets to liquidity pools. When depositing funds, LP tokens are provided in return. Users receive income from investments in the WOOF tab.

BURY. Section for staking SHIB, BONE and LEASH.

WOOF. Allows you to invest LP tokens. In this section you can also receive accumulated rewards. All payments are made in BONE tokens.

NFTS. The section provides information about non-fungible SHIBOSHI tokens.
BONEFOLIO. Contains analytical information about platform performance. Liquidity volumes, current yields and other data are presented here.

Rewards on the platform are paid out every 14 days in one block. Distribution is performed among liquidity providers in accordance with the BPB (BONE Per Block) parameter. Initially the reward was 1000 BPB. It decreases over time according to the graph below.

Data: Shiba Inu whitepaper.

A portion of BONE tokens is sent to a multi-signature wallet, forming a special fund. The funds are at the disposal of the OG admins group. These members are the “veterans” of the ShibArmy. They contributed to the development of the project and protected it from threats. Administrators are managers for the development team. They interact through various channels and form a safe environment in which the community is built.

Funds from the fund will be used to reward those community members who made efforts to develop the project. The latter will also receive payment for their contribution to the development of the ecosystem. Part of the funds will be allocated for marketing.

Shiba Inu looks into metaverses

Shiba developers have previously stated that to launch Shibarium they will not have to wait for the Ethereum network to be updated to ETH 2.0, scheduled for next year. An effective second-tier scaling solution will potentially help the project significantly reduce commissions. Reducing the cost of transactions can give a significant impetus to the growth of the coin’s popularity.

There is another important advantage of the planned update. The introduction of Shibarium could make it easier for the project to enter the metaverse space, which, judging by rumors, the Shiba Inu team is actively thinking about. At least, this is what many other projects are now striving for, trying to take advantage of user interest in this niche, in which there are still unoccupied places.

Mastering the metaverse will require a robust scaling solution that can reduce transaction costs and ensure high transaction speeds. The high popularity of Shiba as a meme coin, coupled with the Shibarium solution, can be the key to the further success of the project.

Shiba Inu

General characteristics Strong, hardy, lively and alert dog. He has a balanced and independent character. Shiba Inu is affectionate and playful, devoted to its owner. This is a smart and clean dog. In addition, this is a good guard dog, which, if necessary, will raise the alarm by barking. It’s simply impossible not to fall in love with a Shiba Inu! However, they have one notable feature: these dogs are exceptional owners. Having taken a liking to some toys, furniture, a specific area of territory and even the owner, they do not allow anyone to their “property”. But this can also be solved by training and early socialization of the puppy. Shiba Inu dogs require early, persistent, but calm training. Feeding Every owner dreams of seeing their dog healthy, active and cheerful. And, as you know, the basis of health is proper, complete and balanced nutrition. Even if you purchase the freshest, highest quality foods, vitamins and mineral supplements, without a biochemical laboratory you will not be able to determine the exact nutritional value of the food you prepare at home. That's why PEDIGREE® has developed a special app to help you evaluate how the diet you're feeding your pet is meeting its needs. Proper nutrition in the first year of a puppy's life will largely determine how healthy and happy your puppy will be in the future. To help keep your pet healthy, PEDIGREE® recommends a combination of dry and wet diets to take full advantage of the benefits of both. You can read more about this in the article. Characteristics of the breed - Fearless, especially when protecting property - Easily excitable and active - Willful and stubborn Parameters Height: 35–41 cm Age: about 12–14 years Weight: 8–12 kg Accommodation Characteristic bellicose behavior towards other dogs. Temperament The Shiba Inu is a dog for an experienced owner who loves serious work with animals. Coat care This beauty is extremely clean, so it is enough to periodically brush the coat. Conditions of keeping The Shiba Inu dog is comfortable to keep in the house, but it needs frequent and long walks. Walks Being a very active and strong dog, the Shiba Inu requires a significant amount of physical activity. She loves games and exercise.

Where to buy cryptocurrency, available exchanges

The best web platform to buy SHIBA INU is the Binance exchange. Pairs with stablecoins USDT, BUSD and fiat currencies are supported.

Main advantages of Binance:

Large selection of cryptocurrency pairs;
Decent depth of the order book;
Extensive set of tools for market analysis;
User-friendly interface, in 30 languages;
And most importantly, very low commissions for trading operations;

SHIB coin is traded on COINBASE Exchange, OKEx and other reputable platforms. A complete list of exchanges and exchange pairs, current rates and other information are available at https://www.coingecko.com/en/coins/shiba-inu or on the Coinmarketcap service.

You can trade on Shibaswap and Uniswap (v2) by connecting to the service through METAMASK or another compatible wallet. We will now tell you how to choose a suitable SHIBA INU wallet.

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The Shiba Inu (SHIB) meme coin, which marked the crypto world in 2022, has risen more than 10,000 percent from its lower levels. Finally, Shiba, which was valued at 10x in October, rose from $0.000007 to $0.000088. Shiba Inu, which went into a correction from here, dropped to the $0.000028 band. One of the main reasons for this fall of Shiba Inu was the cryptocurrency market, which fell along with Bitcoin. So how will 2022 go for Shiba Inu (SHIB)? Crypto analyst Joe Paris commented on how 2022 could go for Shiba Inu (SHIB). Noting that Shiba has recently increased its popularity, the analyst noted that even Dogecoin proponent Elon Musk could not prevent this growth. Recalling that the whale known as Gimli collects SHIB from the bottom, the analyst noted that a rise could be coming soon. According to the analyst, Shiba Inu is expected to cross the $0.0001 mark in 2022.

The projects announced by the Shiba Inu team and some partnership news could lead to a sharp rise in SHIB prices in a few months. One of the key events for Shiba was its partnership with the AMC Entertainment movie theater chain. AMC, which has hundreds of branches around the world, announced on Twitter that SHIB tokens can be used for payments. AMC is expected to integrate Shiba into its payment methods in the coming months.

Another news expected from Shiba Inu in 2022 is an NFT-based gaming project. The Shiba Inu team has announced that they will be entering the world of the metaverse. Explaining that they were working on an NFT-based game to do this, the team reached an agreement with the famous gaming studio PlaySide Studios. Shaking hands with renowned game development expert William Wolk for the project in question, the Shiba platform will launch the game this year.

Shibarium, a Tier 2 blockchain project from the Shiba Inu platform, could be one of the factors that will influence the price in the new year. Thanks to this project, transaction fees on the Shiba network will be minimized and transfer speeds will be increased. It was noted that the team's ultimate goal is to reset transaction fees. Reducing transaction fees for the Shiba ecosystem, which will launch a gaming project based on NFTs, is a very important issue.

All these developments and projects could make 2022 a bright year for Shiba Inu. Thanks to these projects, the Shiba Inu ecosystem can expand beyond just a joke coin. The increase in usage area is expected to have a positive impact on the price of Shiba Inu.

Mining

It will not be possible to mine the SHIBA INU cryptocurrency through traditional mining on video cards or ASICs. But it can be earned on the SHIBASWAP liquidity pool, link https://shibaswap.com/#/ or by staking on the Binance exchange.

Every hour, a small amount of coins is distributed by the SHIBA INU faucet, link https://shiba-faucoin.com/sign/. Register, provide a withdrawal address (Metamask wallet is suitable) and receive from 20 to 30,303,030 SHIB every hour by playing a simple game.

Once upon a time, Bitcoin was distributed in a similar way, and then Dogecoin, and many users ignored crypto faucets, not wanting to waste time, and, probably, most of them now bitterly regret it. Don't miss your chance now.