Shib Token
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Questions about Shiba Inu Token (SHIB)
Sourced from
Gemini.com
What is SHIB’s utility?
Shiba Inu Token or SHIB is primarily a digital asset/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.
Further utility, as payments for NFTs have been hinted by Shytoshi, one of the lead developers.
Submitted by
u/Gold_Diamonds
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.
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.
That being said, you earn more total rewards on ShibaSwap than you do on the regular exchanges when staking your SHIB.
Here’s a brief list of exchanges and their rewards
Exchange | Rewards |
| |
| |
| |
|
ShibaSwap Staking a.k.a BURY Rewards
Digital Assset | Rewards |
SHIB | |
LEASH | |
BONE |
Submitted by
u/Gold_Diamonds
SHIB Token Burn
As detailed in this post, 25k worth of SHIB & 25k worth of LEASH tokens will be burned PER listing on ShibaSwap's Woof pools (liquidity mining pools)
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