Marswap Attack!

Shiba Inu

Shiba Inu

— 18 min read
Marswap Attack!

A presentation of Marswap DEX (built on Shibarium), a review of CBDC projects and their inherent risks, a recap of OpenAI's 1st conference, and the top 10 craziest crypto stories of all time.

GM Shib Army and crypto enthusiasts,

This is The Shib. We are here to bring you the news you need about Shibarium, crypto, tech, and everything in between.

Last week, the 7000 NFTs were minted faster than Mariah Carey comeback every December. For those who missed out, don't forget to subscribe to be the first ones to know about the next edition.


Don't forget to check our Doggie Treats segment at the end of this edition to know more about a remarkable milestone that was reached by the Shibarium blockchain this week (Hint: More than 50,000 $BONE was paid in transaction fees that led to a burn of a little more than 8.2 billion $SHIB.)

If you have any stories, initiatives, and/or projects that you deem newsworthy for the whole community or if you have pieces of advice for us to make this magazine a worldwide reference, take advantage of this opportunity.

Send us an email explaining everything at submissions@shib.io.


Spoiler Alert!
Get ready for an awesome article contribution from @NoOneHasSpoken next week.

1) MARSWAP: Rising DEX and DeFi Innovator on Shibarium

A quick dive into what Marswap is offering on Shibarium

2) CBDC: A New Era of Digital Currency

All you need to know about the digitalization of national currencies and the rise of CBDC within central and commercial banks

3) OpеnAI Unlеashеs Tеch Tsunami: GPT-4 Turbo, DIY Bots, and More

An action-packеd rеcap of OpеnAI's first dеvеlopеr evеnt

4) Top 10 Craziest Crypto Stories of All Time

A recap of the craziest moments that have happened in crypto since its inception

MARSWAP: Rising DEX and DeFi Innovator on Shibarium

A quick dive into what Marswap is offering on Shibarium

A decentralized exchange (DEX) is a platform that fundamentally reshapes the way we trade digital assets by eliminating intermediaries. DEXs facilitate peer-to-peer cryptocurrency transactions on a decentralized network, enabling users to trade directly with one another.

DEXs often support a wide range of tokens, promote transparency through blockchain-recorded transactions, and typically charge lower fees compared to traditional centralized exchanges.

One such DEX that has gained significant attention in the crypto community is Marswap, and it is built on Shibarium.

Flat Fee Trading and Fair Play

Trading on Marswap is a breeze, thanks to its flat fee system. Unlike other DEXs that nibble away at your profits with percentages, Marswap opts for flat fees, ensuring that every trader, big or small, enjoys a level playing field. What's more, it doesn't pocket project tokens for profit.

Unlocking Fun and Engagement

Trading isn't just about numbers; it's also about having a blast while you're at it. Marswap knows this and has thrown in a few delightful surprises. Dive into the LP Locker, a fortress that safeguards liquidity pool tokens. Worried about large token holders causing market mayhem? Fear not. Marswap's over-the-counter token sales ensure stability. And for a dose of fun, check out the casino-like game room, where trading meets entertainment. You can play Coin Flip, Dice Call, and Deck Cut and even participate in a lottery to win prize money.

Data-Driven Decision-Making and Top-Tier API Integration

Knowledge is power, and Marswap empowers you with an analytics page that delivers valuable insights. Keep tabs on trends and liquidity, and make informed choices. Moreover, Marswap's API is seamlessly linked with CoinGecko and CoinMarketCap, offering real-time, accurate data to keep your trading game sharp.

The Liquidity Powerhouse and Launchpad for Tailored Solutions

Need liquidity? Marswap has you covered with its colossal WETH x BONE liquidity pool. Enjoy smooth trading with ample liquidity support and experience minimal slippage. The Marswap Launchpad also offers custom solutions for various projects requiring efficient and highly adaptable DeFi solutions.

MARSWAP Token: Your Ticket to Possibilities

With each transaction, there's a fantastic 2% SHIB burn that not only reduces the token's supply but also has the potential to boost its value sky-high. The MARSWAP token has already achieved an all-time high (ATH) of 20 million.

Second Layer of Trust with KYC and Audits

The Marswap DeFi platform offers (on a voluntary basis) Know-Your-Customer (KYC), Anti-Money Laundering (AML), and audit services to ensure best practices are being upheld at all times. Marswap has partnered with the best cybersecurity companies to underscore the second layer of trust among project owners, putting it a step above the rest in terms of security and protocol.

Ease of Fiat Exchange

Marswap is making history as the FIRST project on Shibarium to introduce an ON/OFF RAMP. They're all about decentralization, making it super easy for you to snag some #BONE using your credit/debit card. And guess what? You can sell it back to your PayPal account hassle-free.

The Road Ahead: Innovation Beckons

Marswap is gearing up for some exciting developments and partnerships. The upcoming BONE x USDT pool and NFT staking options will open up new avenues for trading and investment. Get ready for the launch of the Crolon Mars Metaverse, where you can mine the $MSWAP token – a captivating and rewarding experience. Marswap has also joined forces with BAD IDEA AI, a partnership that promises to take the platform's technological capabilities to new heights.

Dubbed the brainchild of the team behind Crolon Mars, this DeFi trailblazer is set to build a community that comes together to achieve the "one cent dream" while bringing in the future of digital finance.

So, what are you waiting for? WHY SWAP ON EARTH WHEN YOU CAN SWAP ON MARS? 🛸🚀

CBDC: A New Era of Digital Currency

‌All you need to know about the digitalization of national currencies and the rise of CBDC within central and commercial banks

Welcome to the future of finance, where digital currencies are coming a reality! Central Bank Digital Currency (CBDC) is the new kid on the block(chain), and it is set to revolutionize the way we think about money.

But what can we expect from central banks worldwide as they navigate this brave new world? Let’s dive in!

The Rise of CBDCs

CBDCs are a new form of digital money issued by central banks for use by households and businesses. They’re not cryptocurrencies or digital assets but a digital version of a country’s national currency. This means CBDCs are regulated and backed by a central authority.

What Is the Role of CBDCs in the Global Landscape?

CBDCs are being explored by over 130 countries, representing 98% of the global economy. From the United States to Georgia, from Singapore to Switzerland, central banks are piloting or considering the launch of their own digital currencies.

We have to split CBDC into two categories:

·         Wholesale CBDC that is aimed to be used by central and commercial banks for settlement payment

·         Retail CBDC that caters for a retail audience (aka the regular folks) for daily use

In Singapore, the Monetary Authority is planning to conduct live trials for issuing wholesale CBDCs. Meanwhile, Georgia is collaborating with Ripple for their CBDC pilot. Even the Swiss National Bank is piloting a real Swiss franc wholesale CBDC with commercial banks.

It is interesting to note that most of the CBDC projects are related to wholesale and not retail (for now).

Pretty soon, we'll be telling our grandkids, "Back in my day, we used to have something called 'cash,' and you could fold it into little origami animals. Kids these days just tap their digital wallets and call it a day.”

What Should We Expect from CBDCs?

CBDCs hold the promise of advancing global financial inclusion. Ripple’s Vice President for CBDC Engagements, James Wallis, underscores this transformative potential, highlighting how CBDCs can extend financial services to individuals worldwide, especially those with low income and no ties to financial institutions.

The managing director of the International Monetary Fund, Kristalina Georgieva, also urged the public sector to prepare to deploy CBDCs, stating that can replace cash and help financial inclusion.

Is It Too Soon or Can We Manage?

After blaming cryptocurrencies for everything, looks like the central banks now understand the potential of blockchain technology but want to keep the power of money for them by introducing CBDCs that will still be controlled by the same institutions that are managing fiat currencies today.

While the potential benefits are significant, there are also challenges to consider. For instance, a macroeconomics expert predicts a banking sector collapse in March 2024, linked to CBDCs. There could also be a significant pushback from people all over the world if cash will disappear. Most developing countries are still mostly running on cash, and privacy advocates have identified CBDCs as a global risk for freedom in the world.

The Future of CBDCs

As we look to the future, it’s clear that CBDC will play a crucial role in the evolution of the global financial system. So, as we stand on the brink of a new еra, one thing is certain: the world of finance as we know it is about to change.

All we can say is, with central banks worldwide gearing up to embrace such an enormous change, will privacy prevail or will it fall due to the rise of government control over everything?

OpenAI Unleashes Tech Tsunami: GPT-4 Turbo, DIY Bots, and More

An action-packed recap of OpenAI's first developer event

Did you miss thе buzz around OpenAI's first dеveloper event?

We've got you covered with a rundown that's as entеrtaining as what was happening in the OpenAI backstage.

In thе grand tradition of blowing birthday candles, ChatGPT turned one, and, boy, is it popular! Ovеr 100 million people are hitting it up weekly.

But wait, there's more. Over 2 million developers are cooking up solutions through its APIs. That’s a lot of brainpower to work with.

GPT-4 Turbo: Now with Extra Turbo-ness

OpenAI unveiled the GPT-4 Turbo, the James Bond of language models—slick, sophisticated, and ready for action. It comes in two flavors: one for text analysis and another for text AND image undеrstanding.

As for the pricing, it depends on the image size. An image with 1080x1080 pixels will cost $0.00765. It's practically a steal! Plus, it has a context window four times longer than its prеdеcеssor, so imagine it’s like GPT-3.5 but on a caffeinе high.

DIY GPTs: Because Who Needs Sleep?

OpenAI wants you to unleash your inner mad sciеntist by letting you create your own GPTs. No coding is rеquired! Build your AI minions for fun or productivity. And for the enterprisе ovеrlords, you can creatе intеrnal-only GPTs. Connect them to databases, knowledge bases, or your secret stash of cat memes. The power is in your prompt!

GPT Store: Where Bots Go to Party

Coming soon to a browser near you: thе GPT Store! Imagine an app store but for AI creations. Sam Altman even hinted at paying people for their popular GPTs. It's like thе App Store but for your digital AI. Who said bots can't have thеir moment in thе spotlight?

Assistants API: Because Who Doesn't Want an AI Sidekick?

Not to be outdone, OpenAI unveiled thе Assistants API. So developers can build their gang of digital minions. From coding assistants to AI-powered vacation planners, the possibilities are as endless as a coding bug. Your wish is their command.

DALL-E 3 API: From Text to Image Magic

DALL-E 3, OpenAI's text-to-image feature, is now accessible through API. You can generate images at the speed of thought, with moderation tools included (we don't want AI turning into an accidental abstract artist).

At $0.04 per generated image, it's likе having a Picasso in your pocket.

You can finally turn your cat pictures into the royal portrait that you and him always wanted.

Finally a worthy opponent for The Great Shiba?

Text-to-Speech Symphony

OpenAI dropped a beat with the Audio API, complete with six preset voices. Alloy, Echo, Fable, Onyx, Nova, and Shimmer are ready to turn your text into spoken magic. At $0.015 per 1,000 characters, you can now make the soundbites for your next mix sound like Michael Scott.

So, there you have it – OpenAI's developer event in all its glory. Lots of announcements.

Only one thing can make ChatGPT fail: the execs' war happening between the team (led by Sam Altman) and the board of directors. Could they ruin one of the most promising current tech products?

Leave your thoughts on X (Twitter) using the hashtags #TheShib #Shibarmy or send them to us at submissions@shib.io.

 

Top 10 Craziest Crypto Stories of All Time

A recap of the craziest moments that have happened in crypto since its inception

In a world with more than 10,000+ cryptocurrencies, the amount of insane stories is staggering. Today, we’re gathered around this virtual campfirе to be rеgalеd with talеs that'll makе you laugh, cringе, and quеstion thе vеry fabric of rеality whеrе thе only certainty sееms to bе… uncertainty!

Join us on this roller-coaster ridе of thе top 10 craziеst crypto stories.

Let's kick things off with those who made it big, shall we?

The Crypto Millionaires & Billionaires

1. Erik Finman, the teenage Bitcoin whiz

Meet Erik Finman, the youngest cryptocurrency millionaire in the world. At the tender age of 12, he chose to invest his $1,000 from his grandma in Bitcoin instead of saving it for college. Today, at 19, he's sitting on 403 BTC, worth a cool $2.8 million. So much for traditional education if you ask us!

2. Winklevoss brothers – from Facebook lawsuits to Bitcoin billions… and another lawsuit?

You've probably heard of the Winklevoss twins, famous for their legal battle with Mark Zuckerberg over Facebook. What you might not know is that they invested $11 million of their settlement into Bitcoin when it was trading at just $120 per coin. Their 91,666 BTC holdings were valued at a staggering $641 million.

In an insane turn of events, their crypto exchange, Gemini, is among those that are currently being sued by New York’s attorney general for defrauding investors.

This hasn’t been the best decade for some crypto exchanges, has it?

Crypto Moments to Remember

3. El Salvador, the first country to make Bitcoin legal tender

Nayib Bukele, the president of El Salvador, initially proposed the notion of adopting Bitcoin as legal tender in June 2021 during the Bitcoin 2021 Conference in Miami. He expressed his desire for this move to serve as a catalyst for the country's economic development.

A few days later, a resolution called the Bitcoin Law was approved by a majority of lawmakers. In September 2021, El Salvador made history by becoming the first country in the world to adopt Bitcoin as legal tender. This elevated Bitcoin to the same level as the US dollar, which replaced the El Salvador Colon (SVC) in 2001.

4. Most successful crypto trade EVER!!!

One of the best recorded trades on the good ol' blockchain is from a trader who bought $8,000 worth of $SHIB back in 2020, which was valued at an astronomical $5.7 billion by October 2021.

This 85-million-percent leap, with SHIB erasing six zeros from its valuation, was later celebrated as the “greatest trade of all time.”

5. CryptoKitties, the Pokémons of digital cat artworks

If you thought virtual cats couldn't be valuable, think again. CryptoKitties, collectible digital cat artworks (and one of the first NFTs), have users spending Ethereum to breed and collect unique kitties. Did you know the highest price paid for one of these virtual felines? A whopping $117,700. Gotta catch ‘em all, amirite?

Living the Crypto Dream

6. The Craig couple’s “Life on Bitcoin”

In 2013, a newlywed couple, Beccy and Austin Craig, embarked on an ambitious experiment called "Life on Bitcoin.” They lived and traveled solely using Bitcoin as their payment method for 90 days, even crossing international borders. Their documentary was released in 2014.

7. The crypto cop (his buck had the right to remain digital!)

Imagine a police officer in a small Kentucky town named Tony Vaughn, who decided to have his salary paid in Bitcoin back in 2013 when few even knew what Bitcoin was. His $54,000 annual salary converted into Bitcoin has appreciated by a staggering 5,300%.

Not your typical cop story!

WTF Moments

8. Thе mystеrious casе of thе missing kеys

Evеr hеard of that pеrson who thrеw away a hard drivе containing approximately 150m Euros worth of Bitcoins? Oops! It's like misplacing your wallеt, еxcеpt your wallеt is worth a small country's GDP. It is estimated that around 20% of Bitcoins are lost forever like this!

The moral of thе story: always double-check bеforе clеaning out your storagе room.

9. The ICO that turned into a PIZZA

This is probably one of the most famous stories in crypto. On May 22, 2010, Laszlo Hanyecz paid 10,000 Bitcoins (BTC) for two Papa John's pizzas. This exchange is widely celebrated because it is viewed as the first use of Bitcoin in a commercial transaction with Bitcoin as the medium of exchange.

It's thе crypto еquivalеnt of thе guy who sold his Applе stock bеforе it boomеd. Rеgrеts, rеgrеts, rеgrеts!

10. Thе NFT that was just… a picturе of a potato

In thе world of Non-Fungiblе Tokеns (NFTs), anything can bеcomе art. But a picturе of a potato? Yup, that's right! Somеonе paid $1 million for a digital image of a potato. Maybе it was a spud-tacular invеstmеnt?

How much would you pay for a digital potato?

Thе wild, wacky, and absolutely unpredictable world of cryptocurrencies nеvеr fails to amazе. Rеmеmbеr, whеthеr you'rе a seasoned trader or a bewildered onlookеr, thе only rulе in crypto is this:

THERE ARE NO RULES.

Hey, Shib Army!

So many cool things have happened in the past week and we’re so excited to share them with you. Enjoy your weekly dose of WAGMI woofs and vibes!

1.1. Almost 8M Shibarium Transactions Recorded Within 24 Hours


Just three months post-launch, Shibarium is making waves in the blockchain world! The platform has been smashing records with over 7.5 million daily transactions consistently in the past few days. The momentum skyrocketed last weekend, adding an astounding 25 million transactions, pushing the total count beyond 30 million since its inception - a feat you can marvel at on Shibariumscan.io.

Amidst this transactional tidal wave, an intriguing detail emerges: the transaction fees remain astonishingly low and the network remains fast. We're talking less than a penny for standard operations and a mere dime for the more intricate ones. This is more than just numbers; it's a testament to the incredible scaling abilities of the entire Shibarium ecosystem.

But that's not all! Thousands of Bone tokens have been spent on transaction fees as part of the SRC-20 minting process (more details on upcoming articles), paving the way for a highly anticipated $Shib token burn. You can witness the historic burn transaction Here.

This kind of continuous adoption and growth within the Shibarium and Shiba Inu ecosystem is not just impressive, it's transformative. The true impact of these developments is immense, heralding a new era in the world of blockchain and cryptocurrency. And we're just getting started – there are big plans in store to further this impact, reshaping the landscape of digital currencies and decentralized applications.

Shibarium's rapid succession of breakthroughs is more than just impressive – it's a pivotal chapter unfolding in the saga of Layer 2 blockchain history. Stay tuned, as Shibarium is not just breaking records; it's rewriting them!"

This addition emphasizes the transformative impact of Shibarium's growth and adoption, and hints at the exciting future plans for the ecosystem, adding a sense of anticipation and forward momentum to the narrative.

‌

2. $SHIB Throws the Ultimate Social Media Paw-ty, Grabs #2 Spot!

Move over, social media influencers! Shiba Inu ($SHIB) has wagged its way to the number two spot in social activity, proving that memes and crypto can coexist in perfect harmony. The Shiba Inu community's online activities have propelled $SHIB to new heights, and it's having a paw-some time in the limelight.

‌

3. Crypto Ocean Mystery: Whodunit? Suspicious Whale 0x865 Swims Away with $36.59M!

Created by Spot On Chain: 🧐 Suspicious whale 0x865 withdrew $36.59M worth of various assets from #Binance in the past 18 hours, including:
- 10,000 $ETH ($20.3M)
- 45,000 $BNB ($10.2M)
- 300B $SHIB ($2.47M)
- 260M $IOST ($2.4M)
- 16M $CHZ ($1.18M)
Notably, the whale was created 175 days ago on June 8, 2023, but…

In a crypto thriller that has the community scratching their heads, a mysterious whale known as 0x865 has pulled off the ultimate heist from Binance. The sneaky swimmer snatched $20.3 million in Ethereum ($ETH), $10.2 million in Binance Coin ($BNB), and even swiped some Shiba Inu ($SHIB). Rumor has it that Aquaman or The Deep might need to check his wallet.

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4. Times Square Gets a Splash of Shibes: #Shiboshis Take Over Again

The Shiboshis are back at it, turning Times Square into the unofficial Shibes' playground. These digital darlings are spotted soaking up the city vibes, bringing joy to onlookers and proving that even in the concrete jungle, Shiba Inu's charm knows no bounds.

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5. Shibarium University: NOWNodes Launches #DeployOnShibarium Crash Course

Grab your virtual textbooks because Shibarium University is in session! NOWNodes kicks off the #DeployOnShibarium campaign, offering a crash course in Shiba Inu's blockchain playground. From building transactions to decoding the secrets of Shibarium, it's time to join the education revolution and become a certified Shiba scholar.

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6. Welly's Kickin' It: Shiba Partner Ventures into the Football Field

Shib partner Welly is gearing up to score some goals in our hearts. The Shiba Inu-themed restaurant is cooking up something big for its local community in Napoli, promising a feast of surprises. Get ready for a match made in Shiba heaven, where football and fur collide!

Who will be next?
For the NFT fam
"Welcome to Bark and Brew" (Submitted by @hikigaerukira)

We are looking for Shib Superstars within the community.
So if you're a successful business owner, someone who is responsible for a community-oriented initiative, or an award-winning athlete, contact us here for a shout-out in a future edition.

P.S. You can also share your favorite memes with your own customized comment/reaction comment (we will credit your Twitter or SNS).

Send application and memes to submissions@shib.io

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