How Can You Buy and Stake Shiba Inu Coin?
By Deya Hroob
What is Shiba Inu Coin (SHIB)?
According to Shiba Inu website SHIB is an experiment in decentralized spontaneous community building.
Shiba token ( Shib ) is the first cryptocurrency token to be listed and incentivized on ShibaSwap, our decentralized exchange " they said".
They also claimed that they locked the 50% of the total supply to Uniswap and threw away the keys! The remaining 50% was burned to Vitalik Buterin.
Where to Buy Shiba Inu Coin (SHIB)?
You can buy shib coin in many different major exchanges like Bitrue, Binance and Huobi but in this article I will focus on Bitrue exchange and Binance exchange because aside from buying Shib coin on these exchanges , you can also stake your coins and earn extra Shiba.
What is Staking?
It is the process of holding a coin in a wallet to receive rewards. You receive passive income in the form of interest. The staking profit depends on the chosen coin. The more coins you have staked , the more rewards you receive.
How to Stake Shiba Inu Coin (SHIB)?
As I said before, you can stake shib in Bitrue Exchange. Let me show you how to do this....
On the top of the homepage, click on Power Piggy icon as shown on the picture below.
Then, choose Shib coin from the list and click on Details icon.
Finally, entre the participation amount and you're all set and enjoy your daily free Shib.
Participants will earn SHIB at 1 annual interest as a reward. For every
10,000 SHIB put into the program, you will earn 0.27 SHIB per day. There is a daily cap set at 36,000,000,000 SHIB. Participation is on a “first come first served” basis.
Your funds will not be locked so you can opt out anytime you want. You can opt in again as long as there's cap opening.
You can also trade or withdraw your coins at any time. To do this, all you need to do is unfreeze the event amount.
How to Stake SHIB in Binance Exchange?
At Binance you can receive different APY when you stake SHIB, depending on the duration (Days) you choose your coins to be locked.
|
Staking
SHIB Coin ( Shiba INU ) at Binance |
||
|
Est. APY |
Duration
(days) |
Minimum
Locked Amount |
|
3.67% |
30 Days |
1,000,000 SHIB |
|
4.12% |
60 Days |
1,000,000 SHIB |
|
5.25% |
90 Days |
1,000,000 SHIB |
Now, I'll walk you through all the process on Binance.
1. On the top of the homepage, go to Earn icon and choose Staking.
2. On the staking page, look for SHIB coin.
3. Hit Stake Now button. A new pop up will appear, from where you choose the duration of days you want to stake your coins.
4. Finally hit Confirm button. That's it ;)
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