Shibaswap is a decentralized crypto exchange platform, or DEX. Shibaswap users can trade ERC-20 tokens. Shibaswap has service features that allow it to provide passive income to its users such as staking, liquidity pools and yield farming. Runs on the Binance Smart Chain Mainnet network, which launched on July 6, 2021.
3 Main Shibaswap Tokens
Shibaswap uses 3 main tokens namely Shiba Inu (SHIB), Doge Killer (LEASH) and BONE
Shibaswap Features
The following are the features of the Shibaswap platform and how it works.
DIG
DIG has a function as a liquidity pool, each user will receive a payment of 0.3% per trade.
BURY (Staking)
SHIB, BONE and LEASH token holders can stake their tokens and will get a percentage of the yield.
Woof
Woof functions as Yield Farms which allows SSLP (Shiba Swap Liquidity Provider) holders to deposit to yield farms to earn BONE.
Swaps
The Swap feature functions to exchange crypto to other crypto For example Eth to SHIB,
Doggy DAO
It is a SHIB community, members can vote and will get BONE.
NFTs
At Shibaswap there are more than 10k NFT collections, which are Shiba Inu cartoon mascots known as Shiboshi Game.
Burn Portal
Burn Portal functions to burn SHIB, by sending SHIB to the address of SHIB who has died. Every SHIB Burner will get RYOSHI (ERC-20 token).
How to use Shibaswap?
Make sure you have a SHIB balance in one of the compatible wallets such as Coinbase, MetaMask or WalletConnect. Then open or login.
Next, open the Shibaswap.com site
Connect your wallet by clicking Connect Wallet
Next you only need to select the features that you will run
Finished.
ShibaSwap Review
Even though the Shibaswap exchange provides many features that benefit its users, there is a risky security hole because this exchange uses a Single Private Key, which means that Shibaswap developers can withdraw crypto balances from their users. However, since Shibaswap was launched I haven't heard any bad news or user complaints.
3 Main Shibaswap Tokens
Shibaswap uses 3 main tokens namely Shiba Inu (SHIB), Doge Killer (LEASH) and BONE
Shibaswap Features
The following are the features of the Shibaswap platform and how it works.
DIG
DIG has a function as a liquidity pool, each user will receive a payment of 0.3% per trade.
BURY (Staking)
SHIB, BONE and LEASH token holders can stake their tokens and will get a percentage of the yield.
Woof
Woof functions as Yield Farms which allows SSLP (Shiba Swap Liquidity Provider) holders to deposit to yield farms to earn BONE.
Swaps
The Swap feature functions to exchange crypto to other crypto For example Eth to SHIB,
Doggy DAO
It is a SHIB community, members can vote and will get BONE.
NFTs
At Shibaswap there are more than 10k NFT collections, which are Shiba Inu cartoon mascots known as Shiboshi Game.
Burn Portal
Burn Portal functions to burn SHIB, by sending SHIB to the address of SHIB who has died. Every SHIB Burner will get RYOSHI (ERC-20 token).
How to use Shibaswap?
Make sure you have a SHIB balance in one of the compatible wallets such as Coinbase, MetaMask or WalletConnect. Then open or login.
Next, open the Shibaswap.com site
Connect your wallet by clicking Connect Wallet
Next you only need to select the features that you will run
Finished.
ShibaSwap Review
Even though the Shibaswap exchange provides many features that benefit its users, there is a risky security hole because this exchange uses a Single Private Key, which means that Shibaswap developers can withdraw crypto balances from their users. However, since Shibaswap was launched I haven't heard any bad news or user complaints.
