What is Shibance (WOOF) | What is Shibance token | What is WOOF token

In this article, we’ll discuss information about the Shibance project and WOOF token

Shibance is the first Decentralized Meme-Friendly Exchange and Launchpad, with all your favorite meme projects on one platform.

Users are incentivized to pool liquidity on Shibance through yield farming to earn the native currency, WOOF. Additionally, Puppers can use their earned WOOF to stake and earn other tokens and unlock exclusive features.

Key features

Trade

The exchange is an automated market maker (AMM) that allows any combination of two tokens to be exchanged on the Binance Smart Chain.

Earn

Earn WOOF through yield farming or by staking your WOOF in the Doggy Pound to earn other tokens.

Win

Take part in a game of chance and win big in the Shibance Lottery!

Invest (Coming Soon)

Participate in Initial WOOF offerings (IWOs) to gain early access to promising meme projects.

Collect (Coming Soon)

Stake your WOOF in our NFT farms to obtain exclusive Shibance NFTs. You can also earn limited-edition NFTs by becoming a Shibance OG and by participating in Shibance competitions!

Govern (Coming Soon)

Vote for your favorite tokens and earn them a farming boost for the week. May the best Doggo win!

Cross-Chain

Initially launching on Binance Smart Chain, before expanding to other chains. We want to support all our Doggo frens, wherever they are.

Key project information

• Token: Shibance Token
• Symbol: WOOF
• Contracts:
• MasterBoi: 0x4fbEebd68B71aE4367F778129d4218668151EB99
• Shibance token (WOOF): 0x9e26c50B8A3b7652c3fD2B378252A8647a0C9268
• DoggyPound Token (DOGGYPOUND): 0x516B3D832379cd9417bFA3cc54459460CB91fd33
• ShibanceFactory: 0x092EE062Baa0440B6df6BBb7Db7e66D8902bFdF7
• ShibanceRouter: 0xA1fDB322Ab5fE4dF90099E6f514B9819AEaCA8Cf
• Timelock: 0xb55ddb35CF6cB39662D6728757bb761c83D3d742
• WoofVault: 0x09fE45A62502E7a0b226a99f18043F3eC32F78E8
• Manual burn address: 0x000000000000000000000000000000000000dead

WOOF token details

• Ticker: $WOOF
• Contract Address: 0x9e26c50B8A3b7652c3fD2B378252A8647a0C9268
• Chain: Binance Smart Chain (BEP-20)

There is currently no hard cap on the supply of WOOF token, making it an inflationary token.

Community members often point to this as a cause for concern, and while the founding Doggos certainly understand the wish for a hard cap, there is a big reason we don’t expect to set one in the near future:

• WOOF’s primary function is to incentivize providing liquidity to the exchange. Without block rewards, there would be much less of an incentive to provide liquidity (LP fees etc. would remain).
• Instead of a hard cap on supply, WOOF tokens have deflationary elements inbuilt in the tokens to control the supply and ensure that WOOF tokens are able to capture value for the holders.

WOOF emissions

Emission per block

• First 864,000 blocks (Approx 30 days) – 40 WOOF per block
• Next 864,000 blocks (Approx 30 days) – 20 WOOF per block
• All remaining blocks – 10 WOOF per block

WOOF distribution

Deflationary mechanics

Trading fees (0.3%)

• ~0.27% back to LP holders.
• ~0.03% WOOF Development Fund.

WOOF auto-compounder

• 2% of all Yield Harvested to be burned

WOOF Doggy Pound

• Stake WOOF, earn your favourite tokens

Initial WOOF Offerings (post-launch)

• A proportion of the WOOF used in IWOs will be burned

NFT Farming (post-launch)

• Stake WOOF to receive tickets that you can change for NFTs

How and Where to Buy WOOF?

WOOF token is now live on the Binance mainnet. The token address for WOOF is 0x9e26c50b8a3b7652c3fd2b378252a8647a0c9268. 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)…

☞ SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step

You need a wallet address to Connect to Pancakeswap Decentralized Exchange, we use Metamask wallet

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

Transfer $BNB to your new Metamask wallet from your existing wallet

Next step

Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy, Swap WOOF token

Contract: 0x9e26c50b8a3b7652c3fd2b378252a8647a0c9268

Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap

The top exchange for trading in WOOF token is currently Pancakeswap v2

Find more information WOOF

☞ Website ☞ Explorer ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Message Board ☞ Message Board 2 ☞ 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

⭐ ⭐ ⭐The project is of interest to the community. Join to Get free ‘GEEK coin’ (GEEKCASH coin)!

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I hope this post will help you. Don’t forget to leave a like, comment and sharing it with others. Thank you!

#blockchain #bitcoin #woof #shibance