> For the complete documentation index, see [llms.txt](https://shibatoken.gitbook.io/shiba-swap/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://shibatoken.gitbook.io/shiba-swap/getting-started/faq/shib-token.md).

# Shib Token

Use the contents bar on the right to jump directly to answers of frequently asked questions!

## Questions about Shiba Inu Token (SHIB)

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`Sourced from` [**`Gemini.com`**](https://www.gemini.com/cryptopedia/shiba-inu-crypto-shiba-coin-shib-coin-shibaswap)

### What is SHIB’s utility?

**Shiba Inu Token** or **SHIB** is primarily a [**digital asset/token**](https://www.gemini.com/cryptopedia/cryptocurrencies-vs-tokens-difference#section-what-is-a-token) that can be traded on both Centralised Exchanges (CeX) and DeCentralised Exchanges (DeX).

Additionally, holders can stake/BURY **SHIB** token at ShibaSwap to earn a **passive income.**

Holders can also pair their **SHIB**  with **ETH** or **BONE** token and supply liquidity (DIG) to ShibaSwap and earn more rewards.

&#x20;Further utility, as payments for NFTs have been hinted by [**Shytoshi**](https://twitter.com/ShytoshiKusama)**,** one of the lead developers.&#x20;

`Submitted by` [`u/Gold_Diamonds`](https://www.reddit.com/user/Gold_Diamonds/)&#x20;

### Should I keep my SHIB tokens on a regular exchange (CeX) or bring them over to ShibaSwap?

It depends on the amount of SHIB you hold.&#x20;

If you hold **less than 50,000,000,** it may be more worth it to **stake on the regular exchanges** and just earn SHIB as a reward.&#x20;

That being said, you **earn more total rewards on ShibaSwap** than you do on the regular exchanges when staking your SHIB.&#x20;

Here’s a brief list of exchanges and their rewards

|                                           **Exchange**                                          | **Rewards**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| :---------------------------------------------------------------------------------------------: | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
|                            [**Crypto.com**](https://crypto.com/earn)                            | <p></p><ul><li><p>Offers a 2 tier system and the option to earn more rewards if you stake CRO tokens</p><ul><li><p><strong>Flexible</strong></p><ul><li>withdraw any time</li><li>rate is <strong>0.50% P.A</strong></li></ul></li><li><p><strong>Fixed Term</strong></p><ul><li><p>1 month</p><ul><li>locked for 1 month</li><li>Interest rate <strong>1% P.A</strong></li></ul></li><li><p>3 months </p><ul><li>locked for 3 months</li><li>Interest rate is <strong>3% P.A</strong> </li></ul></li></ul></li></ul></li><li><p>Minimum deposit </p><ul><li><strong>8,000,000 SHIB</strong></li></ul></li></ul>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|                    [**Voyager**](https://rewards.investvoyager.com/interest/)                   | <ul><li><p>Offers a staking program and users must maintain a minimum monthly average balance of each coin</p><ul><li><strong>2% APR</strong></li></ul></li><li><p>Minimum deposit </p><ul><li><strong>15,000,000 SHIB</strong></li></ul></li></ul>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| [**Binance**](https://www.binance.com/en/support/announcement/99fa76398434421abdb03e2d8b4fe6f8) | <ul><li>Offers a locked staking program in the following tiers</li></ul>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|                        [**ShibaSwap**](https://analytics.shibaswap.com/)                        | <ul><li>Offers staking (<strong>BURY</strong>) for <strong>SHIB,LEASH & BONE</strong> </li><li><strong>BONE</strong> token is minted as reward.</li><li>Staking Rewards are distributed as a combination of multiple Tokens</li><li><p>Offers a <strong>no-lock</strong> staking program for </p><ul><li><p><strong>SHIB</strong></p><ul><li><p><strong>Rewards</strong> paid out in </p><ul><li><strong>SHIB</strong></li><li><p><strong>BONE</strong></p><ul><li><strong>3%</strong> of Total BONE Minted Per Block</li></ul></li><li><strong>ETH</strong></li></ul></li></ul></li><li><p><strong>LEASH</strong></p><ul><li><p><strong>Rewards</strong> paid out in</p><ul><li><strong>LEASH</strong></li><li><p><strong>BONE</strong> </p><ul><li><strong>1%</strong> Total BONE Minted Per Block</li></ul></li></ul></li></ul></li><li><p><strong>BONE</strong></p><ul><li><p><strong>Reward</strong> paid out in </p><ul><li><strong>BONE</strong></li></ul></li><li><p><strong>Extra BONE reward</strong></p><ul><li><strong>1%</strong> Total BONE Minted Per Block</li></ul></li></ul></li><li></li></ul></li><li><p>Rewards are scheduled to be paid out <strong>bi-weekly</strong>. </p><ul><li><strong>33%</strong> are available at the time they’re distributed and the other <strong>67%</strong> is <strong>locked</strong> away for <strong>6 months.</strong></li></ul></li><li>Detailed breakup is available below</li></ul> |

| **Digital Assets** | **Duration** | **Max. Locked Staking Limit Per User** | **Standard Annualized Interest Rate** | **Min. Locked Staking Limit** |
| ------------------ | ------------ | -------------------------------------- | ------------------------------------- | ----------------------------- |
| SHIB               | 15 days      | 30M SHIB                               | 33.12%                                | 1M SHIB                       |
| SHIB               | 30 days      | 5,000M SHIB                            | 3.67%                                 | 1M SHIB                       |
| SHIB               | 60 days      | 1,000M SHIB                            | 4.12%                                 | 1M SHIB                       |
| SHIB               | 90 days      | 500M SHIB                              | 5.25%                                 | 1M SHIB                       |

### ShibaSwap Staking a.k.a BURY Rewards

| Digital Assset |       Rewards      |
| -------------- | :----------------: |
| SHIB           | <ul><li></li></ul> |
| LEASH          | <ul><li></li></ul> |
| BONE           | <ul><li></li></ul> |

| **Digital Assets Returned as Rewards** |   | **Staking Rewards Immediately Available** | **Staking Rewards Locked Per User** | **Standard Annual Percentage Yield Rate (24hrs)** |
| -------------------------------------- | - | :---------------------------------------: | :---------------------------------: | :-----------------------------------------------: |
| BONE                                   |   |                    33%                    |           67% for 6 months          |                       40.46%                      |
| BONE (extra reward)                    |   |                    33%                    |           67% for 6 months          |                      453.30%                      |

| **Digital Assets Returned as Rewards** | Staking Rewards Immediately Available | **Staking Rewards Locked Per User** | **Standard Annual Percentage Yield Rate (24hrs)** |
| -------------------------------------- | :-----------------------------------: | ----------------------------------- | :-----------------------------------------------: |
| LEASH                                  |                  33%                  | 67% for 6 months                    |                       16.53%                      |
| BONE                                   |                  33%                  | 67% for 6 months                    |                  172.6&#x37;**%**                 |

| **Digital Assets Returned as Reward** | Staking Rewards Immediately Available | **Staking Rewards Locked Per User** | **Standard** Annual Percentage Yield **Rate (24hrs)** |
| ------------------------------------- | :-----------------------------------: | ----------------------------------- | :---------------------------------------------------: |
| SHIB                                  |                  33%                  | 67% for 6 months                    |                         1.36%                         |
| BONE                                  |                  33%                  | 67% for 6 months                    |                        120.02%                        |
| ETH                                   |                  33%                  | 67% for 6 months                    |                        404.75%                        |

`Submitted by` [`u/Gold_Diamonds`](https://www.reddit.com/user/Gold_Diamonds/)&#x20;

### SHIB Token Burn

As detailed in [**this**](https://www.reddit.com/r/SHIBArmy/comments/p0j4pr/shytoshi_checking_in_shibarmy/) post,  **25k worth of SHIB  & 25k worth of LEASH tokens will be burned PER listing** on ShibaSwap's Woof pools (liquidity mining pools)

{% embed url="<https://www.reddit.com/r/SHIBArmy/comments/p0j4pr/shytoshi_checking_in_shibarmy/>" %}