Shiba Inu Ecosystem
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General Questions about Shiba Inu Ecosytem
Where can I find help?
Reddit
Discord (Official ShibaToken Server)
Reference
Developers
Visionary/Founder
Social Media
Developers
What is Shibarium and SHI?
Shibarium is what the ShibaSwap devs are currently working on. It will be its own blockchain, similar to the Ethereum blockchain. It will have its own set of rules for transactions and protocols and will require fees as payment for computational power in the from of SHI. SHI will be a stable coin set at $0.01. This means it will start out being $0.01 and remain $0.01 throughout its existence. It will be pegged to Leash which means liquidity from rewards locked away on ShibaSwap is what will allow the devs to keep SHI at $0.01. The intention of keeping SHI at $0.01 is that it will keep transaction fees low, and transaction speeds fast, when using the Shibarium blockchain.
Quoting the Dev -
Shibarium AKA L2
Shibarium is Shiba’s Own Blockchain. Our team has begun working with our friends at Xfund to complete this project. There is a large team assigned to completing this in a timely fashion. It is no easy task to create a working blockchain, but we believe we will complete this task this year as it fits in with the other interlocking components of the ecosystem. Again, this will be fully decentralized and the blockchain will be as everything we do, community driven. It should also be noted that Ryoshi saw BONE as the native token to Shibarium (just like BRB or Matic for their respective blockchains). This of course gives additional utility to BONE once this portion of the ecosystem goes live.
Shi
The global exchange of value: Shi pegs to $.01 and allows for “plebs” to have a fully decentralized token that can be used for exchanging goods without a concern of the change in value day to day, or even minute to minute. This is especially important when dealing with businesses that have invoices that get paid 30 days out, or when dealing with transactions aren’t instantly settleable (credit cards). We are working on finding the perfect methodology to implement this token. Ryoshi says this: “The end goal is that SHI (operating both on ETH and the Shibarium) becomes a global stable currency that plebs across all countries are able to use as both a store of value and method of payment.” In Ryoshi’s vision, “LEASH governs Shi specifically.” We are investigating how exact this portion of his vision while granting more power and utility to one of my favorite tokens, LEASH.
Submitted by u/siflbabyshifero
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