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 BitrueBinance and Huobi but in this article I will focus on Bitrue exchange because aside from buying Shib coin on this exchange , you can also stake your coins and earn extra Shiba. 

What is Staking?


It is the process of holding a coin to receive rewards. Your funds are frozen and for this, you receive passive income in the form of interest. The staking profit depends on the chosen coin.

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.


Bitrue homepage

 Then, choose Shib coin from the list and click on Details icon.


Power piggy bitrue
Finally, entre the participation amount and you're all set and enjoy your daily free Shib.


stake shiba coin



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.





Comments

Popular posts from this blog

How, Where To Stake XRP? Is It Profitable?

Where to Buy and Get Free Hedera Hashgraph ( HBAR )