What Is Shibaswap?
What Is Shibaswap is a question asked by many especially when they saw the launch of Shibaswap. Aside from investors, not many know What Is Shibaswap. In fact many investors of digital currency are not quite sure what Is Shibaswap. This is because not much information has been made public with regard to What Is Shibaswap. Let us find out here What Is Shibaswap and How To Use Shibaswap. Shibaswap is a cryptocurrency exchange that allows exchange of Shiba Inu coins and other digital cryptocurrency.
Cryptocurrency exchange is a platform where investors can buy cryptocurrency and digital currency for money. These payments can be made from credit cards or other forms as accepted by that particular cryptocurrency exchange. Shiba Inu coins is a form of digital currency that came opposed to Dogecoin. In fact both the Dogecoin and Shiba Inu coins were introduced as a joke and Shiba Inu coins are sometimes even referred to as Doge Killers. Investors who invested in Shiba Inu coins did not have a stable cryptocurrency exchange.
They had to use another cryptocurrency exchange, but with the launch of the Shibaswap things have smoothed over and investors are feeling a lot more safer with the Shibaswap. But audits and testing are still going on in Shibaswap as digital currency is very sensitive. We now know What Is Shibaswap, the next step in understanding Shibaswap is knowing How To Use Shibaswap
Shibaswap Launch Date
Now that we know What Is Shibaswap let us find out more about this Shibaswap and How To Use Shibaswap. Shibaswap was a much needed Cryptocurrency exchange and after much consideration, speculations and rumours the Shibaswap was released on 6th July 2021. The name Shibaswap is very much indicative of the function of Shibaswap that is swapping or exchanging of cryptocurrency. Cryptocurrency is a very sensitive matter and its exchange must be monitored round the clock and vigilantly. This was one main reason for the extensive need for Shibaswap. Before the launch of Shibaswap investors had to make use of another exchange facility.
How To Use Shibaswap?
When questions like What Is Shibaswap is still being asked around it is only obvious that many are not aware of How To Use Shibaswap. Shibaswap has not released any particular guidelines as to How To Use Shibaswap but it is expected that the Shibaswap works in a manner that is very much similar to other cryptocurrency exchanges. But before one would like to know How To Use Shibaswap they should first have a wallet with the Shibatoken. Only then will they be able to get the full use of Shibaswap. Given below is a gist of how to create your own wallet
Create MetaMask wallet – You can do this on your PC or Android. Only if you have a MetaMask wallet will you be able to buy, sell Shiba coins
Once you have created your MetaMask wallet, you can transfer your Etherium to MetaMask wallet
Once you have transferred you can exchange it for Shiba coins
Shiba coins are of three types: SHIB, LEASH and BONE. As to How To Use Shibaswap as stated earlier there are no specific guidelines for the same. It is expected that the investors will have to learn How To Use Shibaswap with a touch and go feel. One of the first things with regard to How To Use Shibaswap is having the MetaMask wallet. The Shibaswap page is available at the official website of Shiba wherein on clicking on the Shibaswap it will take you to the Shibaswap page. Here you will first have to connect your wallet. You will also find a number of other functions which are given below
Dig – This basically means adding liquidity. This will help in earning bone
Fetch – This lets you exchange your UNI V2-LP or SLP tokens to earn BONE
Bury – Here you can stake your coins and earn rewards
Swap – Exchange coins to get other digital coins
Woof – Collect your rewards here
Bonefolio – This feature has not yet been made available but this is where you check and understand your portfolio
Apart from these functions the Shibaswap page also has details on the rates of SHIBA, LEASH and BONE.
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