Few technologies are the subject of as much excitement and attention as cryptocurrency. These digital assets have been tipped as the future of the way in which we pay for services and interact with digital platforms.
While Bitcoin paved the way, new assets like the Shiba Inu coin are now coming to the fore, backed by the sector’s latest tech and with lofty aims and ambitions. Not content with being just a currency, Shiba Inu has several exciting projects in the pipeline. Read on to find out what’s to come from this unique cryptocurrency.
The Shiba Inu Ecosystem
Cryptocurrencies like Bitcoin were conceived and designed to replace traditional payment systems. Bitcoin is a digital currency that can be bought, sold and traded, with transactions recorded and secure through cryptography on the blockchain.
This concept was revolutionary when Bitcoin was first launched back in 2009 and was soon emulated by thousands of new cryptocurrencies that quickly flooded the market. These new coins brought with them new ideas, and the technology to back them up. They propelled cryptocurrency forward, elevating it from a mere means of making payment to something entirely novel.
Shiba Inu is a memecoin, which is a cryptocurrency based on a popular internet joke. However, it’s also a serious project, with state-of-the-art software development techniques and an expert team helping establish it as one of the industry’s most popular assets.
Shiba Inu is a unique coin. It was not designed purely as a financial commodity, but rather as a set of community tokens that serve different purposes. These tokens are SHIB, BONE and LEASH.
Shiba Inu also has a selection of tools which, together with the community tokens, make up the overall Shiba Inu ecosystem. The tools include ShibaSwap, a decentralised crypto exchange, Incubator, where artists can create digital works, and Shiboshis, a collection of NFTs.
The Shiba Inu team prides itself on innovation and is always looking to push forward and break new ground. Let’s take a look at some of the Shibu Inu projects that are in the pipeline.
First up on our list is ShibaSwap 2.0. This is a new improved version of the original ShibaSwap crypto exchange.
This new exchange will have updated graphics and visuals. A portal on the home page will display crypto charts, stats and reports in real-time. Just like on the current version, ShibaSwap 2.0 will allow users to exchange Shibu Inu ecosystem tokens via a peer-to-peer network.
Currently, ShibaSwap only allows for the trading of Shiba Inu tokens. On ShibaSwap 2.0, users may be able to trade other kinds of cryptocurrencies as well. If not, they should be able to track other kinds of crypto through the new portal.
Another project in the pipeline is ShibaNet. This will be another decentralised marketplace, but with one crucial difference that sets it apart from ShibaSwap. Rather than allowing users to trade existing Shiba Inu community tokens, ShibaNet will use a new Shiba Inu stablecoin, called SHI.
Stablecoins are cryptocurrencies that have their price linked to an existing fiat currency like the US dollar or Japanese yen. This gives them a level of security and stability that is rare in the crypto world, and many see them as the link between the two worlds that will allow for more rapid mainstream acceptance and integration of crypto.
The concept of a metaverse has gained traction in recent years. These immersive virtual worlds promise to change the way in which we use and interact with the internet.
Shiba Inu is in the process of finalising its own metaverse and it is expected to officially launch towards the end of the year. This metaverse will encompass all of the Shiba Inu features and tools, creating one accessible space where users can harness the power of the advanced tech on offer.
The Shiba Inu development team is also planning to launch a brand-new token. The TREAT token will join the ecosystem’s other coins, SHIB, BONE, LEASH AND SHI. Like the others, TREAT will have a specific function, it will be used as a reward system, distributed among users to serve as motivation for interacting and engaging with the Shiba Inu ecosystem.
What Does This Mean For the Future of Crypto?
When the first cryptocurrencies hit the market, many believed they were set to pave the way for the future of the financial industry. Since then, as the technology has continued to develop, cryptocurrencies now offer far more than simply alternative payment methods.
The Shiba Inu ecosystem is a collection of blockchain-based tools and applications. Many of these are related to cryptocurrency trading, but more and more are being developed to allow for things like the creation of digital art.
Shiba Inu is leading the way when it comes to modern cryptocurrency design and implementation and will certainly serve as an example that other coins will follow in the future.
There’s never been a more exciting time to be involved with Shiba Inu. The coin has a number of new projects in the pipeline, including ShibaSwap 2.0, ShibaNet, the Metaverse and the TREAT token.
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