What is Shiba Corp (BSHIBA) | What is Shiba Corp token | What is BSHIBA token
In this article, we’ll discuss information about the Shiba Corp project and BSHIBA token
What makes bShiba unique?
For each trade, 5% of the total trade is taken and added to the bShiba-BNB liquidity pool on Pancakeswap. This contributes to an ever-growing liquidity pool and helps bShiba maintain its health. Since each trade adds more to the liquidity which is automatically locked, volatility from big buys or sells is not as impactful
I’m your friendly company CEO, Naomi. Here at Shiba Corp, we’re on our way to building a project with a viable utility in the meme coin space on Binance Smart Chain! Shiba Corps native token, bShiba, will be the sole currency used within our enterprise. It will eventually be required for varying degrees of access to our upcoming platform! Before you jump in, bShiba has a few properties and mechanics you should know about:
Let’s Get Acquainted
First of all, bShiba has a total supply of 1,000,000,000,000,000 coins. There can never be any more! In fact, the circulating supply actually decreases as time goes on. But more on that later. Shiba Corp opens its doors to all sorts of people, with all types of budgets! That’s why we decided to build on a chain that lowers the entry hurdle to allow even the smallest of fish to own some bShiba.
Why Binance Smart Chain?
Binance Smart Chain has much lower fees compared to the Ethereum network. Because of the complexity of bShibas code, it makes a lot more sense to run it on Binance Smart Chain! As an enterprise, we have to study the market and make viable executive decisions! Binance smart chains low fees makes sure anyone can get on board the Shiba train! The other benefit is that Binance smart chain tokens can be integrated with Metamask AND Trust wallet, so you don’t have to fiddle around with different wallets to store bShiba tokens!
Numbers Time!
Numbers are important! To buy or sell bShiba, you need to know about its mechanics! bShiba token does a few interesting things when you decide to trade it. This includes buying AND selling! Whenever you trade bShiba, the slippage on Pancakeswap needs to be 11%. This is because bShiba token implements a tax on each trade which goes back into the ecosystem, making bShiba more robust and and less volatile as time progresses!
What About the Liquidity?
For each trade, 5% of the total trade is taken and added to the bShiba-BNB liquidity pool on Pancakeswap! This contributes to an ever-growing liquidity pool and helps bShiba maintain its health. Since each trade adds more to the liquidity which is automatically locked (thanks to the magical code), volatility from big buys or sells is not as impactful! Nothing is wasted, in fact it is made to automatically benefit Shiba Corps whole ecosystem!
Shiba! Get ze Flammenwerfer!
Did someone say burn? Oh, yes! Upon launch, 20% of the whole bShiba supply was sent to the burn address! Now, this wasn’t just to reduce the supply on launch, it was to cleverly take advantage of bShibas other distinguishing feature: fee redistribution. That’s right! On top of the 5% automatically added to liquidity, ANOTHER 5% is redistributed to current bShiba holders, proportional to how much they hold! So you can earn more bShiba for just HOLDING your tokens! Isn’t that amazing? And do you remember the 20% sent to the burn address? That address will also be ‘earning’ fees from transfers! Which means the burn address is constantly growing, making bShiba a deflationary currency, because the circulating supply will diminish as time progresses!
End of Lesson
Phew! That was a lot to go over but I’m glad we did it! Here at Shiba Corp, we’re all about educating the masses, so any chance to do so is fine by me! We have already developed a wonderful community who are helping to grow Shiba Corp into something amazing. Stay with us for the journey as we add more utility to bShiba piece by piece! Shiba Corp believes the sky is the limit so we’re going to do our best to make it to the moon!
How and Where to Buy BSHIBA ?
BSHIBA token is now live on the Binance mainnet. The token address for BSHIBA is 0x6158b3435DC3bc54a19A32Da2A2ed22aeC3bEF3e. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough BNB in your wallet to cover the transaction fees.
Join To Get BNB (Binance Coin)! ☞ CLICK HERE
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step
STEP 1
If you decide to use your computer to access PancakeSwap, you can click the ‘connect’ button located in the right corner of your screen.
STEP 2
This is the part where you connect your wallet! The majority use Metamask and Trust wallet, however PancakeSwap supports many more!
If you don’t have a Metamask wallet, read this article and follow the steps
☞What is Metamask wallet | How to Create a wallet and Use
Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap
STEP 3
bShiba was launched on PancakeSwap version 1. So this means you’ll have to click the V1(Old) button at the bottom of the window!
STEP 4
If you encounter this screen, wait for a couple of seconds.
STEP 5
After the button becomes available, tick the acknowledgment box and click ‘‘Continue to V1 Anyway’’
STEP 6
Thanks to bShibas awesome redistribution mechanic, you will have to adjust your slippage tolerance to at least 11%! Click the burger icon circled here!
STEP 7
Now you can adjust the slippage to 11%, and you’re almost ready to trade!
STEP 8
Now, you can choose which currency to buy with. If you have BUSD and no BNB, it’s totally fine. PancakeSwap will route the order through BNB on your behalf! For the purpose of this tutorial, let’s assume you’re buying with BNB! In the second field, you’ll have to click on ‘select a currency’.
STEP 9
Now you paste the bShiba token contract address in: 0x6158b3435dc3bc54a19a32da2a2ed22aec3bef3e It may take a few seconds, but you will see the bShiba token name pop up in that field. You can then select it, and we’re almost good to go! You can also click ‘add’ to save the token in the token list, so you don’t have to paste the contract in next time.
STEP 10
Enter the amount of BNB you’d wish to buy with. This will populate the amount of bShiba you should be getting for the trade. Remember to have your slippage on 11%! If you’re happy with everything, you can finally click the ‘Swap’ button! Your wallet will then bring up a dialogue box where you will have to approve this transaction!
Congratulations on purchasing your first batch of bShiba tokens! Hold onto them, as we’ve got a lot in store!
STEP 11
You can see the swap result in the next window.
If the results seem correct, you can click on the ‘‘Confirm Swap’’ button to complete your transaction.
Find more information BSHIBA
☞ Website ☞ Explorer ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Documentation ☞ Coinmarketcap
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
🔥 If you’re a beginner. I believe the article below will be useful to you
⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐
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