ShibaSwap Revs Up

Navigating ShibaSwap’s New Features

ShibaSwap's upgrade introduces exciting new functionalities for managing crypto assets on Shibarium. Read this article to find out how to make the most out of the platform's new features.

By Saha Swatilakha

As the decentralized finance (DeFi) landscape continues to evolve, the new ShibaSwap update brings on exciting new features designed to enhance your experience in the world of crypto assets. If you're looking to stake your tokens, add liquidity to pools, or navigate the intricacies of managing assets on Shibarium, we've got you covered. Let's delve into these three key functionalities.

Staking 

Staking your tokens on ShibaSwap is a strategic move that not only supports the ecosystem but also earns you BONE rewards. Follow these straightforward steps to get started:

Staking Process:

• Navigate to the overview page on ShibaSwap.
• Locate the "Bury SHIB/BONE/LEASH" section.

• Choose the "Stake" option within the module.
• Specify the amount of tokens you wish to stake.

• Click "Stake" and approve the transaction in your wallet.

Unstaking Process:

• Similarly, access the "Bury SHIB/BONE/LEASH" section.
• Opt for the "Unstake" option this time.
• Select the desired amount of tokens to withdraw.

• Confirm the transaction in your wallet to complete the unstaking process.

Adding liquidity to ShibaSwap's pools empowers you to participate in decentralized trading while earning fees with ease. While setting up a liquidity pool on Ethereum can cost around $100 or more, doing so on Shibarium typically costs less than $1, making it an attractive option for users seeking to participate in DeFi without breaking the bank.

Adding Liquidity:

• Visit ShibaSwap.com and head to the "Liquidity Pool" section.
• Choose the desired pool and select "Add Liquidity."
• Input the amount of tokens you want to contribute.
• Review the transaction details and click "Supply" to approve.

Check out the video below for a detailed guide on how to add liquidity. 

Withdrawing Liquidity:

• Navigate to "My Liquidity" on ShibaSwap.com.
• Select the pool from which you wish to withdraw.
• Click "Withdraw Liquidity" and specify the percentage or amount.
• Confirm the withdrawal to finalize the process.

To learn more about how to withdraw liquidity, see the video below. 

Adding Tokens

ShibaSwap on Shibarium now allows you to add custom tokens for trading pairs. Here's how:

• Visit the overview page on ShibaSwap.com.
• Click "Add Your Tokens" from the banner.
• Select the tokens you want to pair with your custom token.
• Enter the token contract address and import the tokens.
• Provide the desired amount of liquidity for both tokens.
• Approve the transactions through your wallet (e.g., MetaMask) to finalize.

Once completed, you'll have created a liquidity pool with your custom token pairing, visible on the liquidity pool dashboard for monitoring and management. For a step-by-step guide on adding tokens, watch the video below. 

By becoming liquidity providers and trading on ShibaSwap, the Shib Army can collectively increase the platform's liquidity, thereby contributing to the growth of Shibarium. This not only benefits the community by providing more opportunities for earning rewards and trading but also promotes a thriving and sustainable future for the community.

Shib Army Conquers the Stage at Block World Tour 2024 in Granada, Spain

Get inspired by the journey of a dedicated community member who has earned the privilege of speaking at the prestigious Block World Tour 2024 in Spain this month.

By Yona Gushiken

Some whispers grow into roars, and those who heed the call rise to become legends. Reflecting on the genesis of Shiba Inu, the enigmatic creator Ryoshi once noted, "Thankfully, there are some that had the ears to listen and heard the call and effect became Shiba with us."

These words resonate through the ages, capturing the spirit of unity and foresight that propels the Shiba Inu community onward, continuously molding the core of a decentralized and enduring odyssey.

Among those who heard the call and were captivated by Ryoshi's vision for a decentralized future is Shib Army Xanders, whose commitment and proactive efforts have propelled him to a speaking slot at the Block World Tour 2024 in Granada, Spain. This event offers him a prestigious stage to inspire and share his journey.

A Journey of Passion and Commitment

A technophile with a keen interest in emerging technologies, Xanders first delved into the world of cryptocurrency in 2012. His initial exposure to Bitcoin, with its groundbreaking concept of decentralized currency, left a lasting impression. Despite being unable to invest in Bitcoin at the time, he remained intrigued by the potential of blockchain technology.

"I take immense pride in being a member of the Shib Army, having joined in April 2021 and immediately immersed myself in efforts to drive mass adoption. Witnessing the substantial growth of Shiba as a payment method today is incredibly gratifying, considering the initial legwork I did in 2021, actively seeking out businesses and individuals willing to accept $SHIB," Xanders told The Shib.

"Though my interactions with Ryoshi were rare, a pivotal moment occurred when he publicly acknowledged my efforts, saying, 'Just stopping here to say hello and keep up the good work,' which left a lasting impact. Since then, I've continued to contribute to the community by forming the Hispanic community, organizing digital events, and supporting projects like Bad Idea and K9, further solidifying my commitment to Shiba, adoption, and education," he further shared.

Xanders' path reflects a deep-seated unity and enthusiasm within the decentralized community, illustrating how individual efforts can significantly advance a collective vision. His involvement not only pushes the boundaries of blockchain technology but also proudly represents the dynamic Shib Army on a global platform.

Block World Tour 2024

Recognized as one of the premier blockchain events in Southern Europe, the Block World Tour, proudly silver-sponsored by Shiba Inu, was scheduled for May 14 and 15 in Granada. Here, Xanders is joining a distinguished panel of experts from the realms of traditional finance and blockchain to disseminate his insights.

Jose Fernando Molina, CEO of the Block World Tour, provided The Shib with insights into the selection of Xanders as a speaker. He explained the rationale behind the selection, noting, "As a Shiba speaker in Spanish, he was deemed the ideal candidate to showcase the advancements of a significant global project like Shiba Inu. Moreover, presenting the project in Spanish enhances understanding for the majority of attendees, making the information more accessible and impactful."

Molina also shared details about the additional unique elements of the event: "In addition to Xanders representing Shiba Inu, we embedded several events with personalities of their own. We will have the BNB Connect Granada, marking the first presentation by the Binance blockchain in Spain, showcasing the developments and potential of this significant blockchain network."

He continued to outline the comprehensive topics that will be covered at the conference, "All current topics and advances within the blockchain are discussed, such as neural blockchain networks or the arrival of quantum blockchain, asset tokenization (RWA), cybersecurity, regulatory, fiscal, and tax issues with great lawyers and experts, and a direct approach to the world of professional trading, following the approval of Bitcoin ETFs in the USA."

Networking Party

Looking forward to the event's unique offerings, Molina revealed, "Apart from the conventional spaces at the University of Granada, we will host two very special VIP events, one at the Alhambra of Granada, a magical world heritage site, and a closing night networking event with a concert from Funkorama, a well-known group in southern Spain."

He also shared his optimism about potential major announcements and product launches during the event and planned discussions on upcoming Bitcoin-themed films and documentaries set for release on streaming platforms such as Netflix.

A Comprehensive Discussion on Shiba Inu

"In preparation for my speech, I channel my passion for Shiba Inu to calm any pre-speech nerves, using it as fuel to overcome any jitters. I prioritize thorough preparation, meticulously covering key points to effectively convey the message. My objective is to present Shiba Inu as a robust ecosystem, dispelling misconceptions of it being merely a meme token, and highlighting its potential for groundbreaking innovation and sustained success," Xanders explained when discussing his preparations for his speaking engagement on a global stage.

"When advising others, I emphasize the significance of conducting independent research (DYOR) within the crypto realm, stressing the virtues of patience, kindness, and continuous self-education. Considering the dynamic nature of the crypto space, prioritizing security and safety remains crucial. I eagerly look forward to the opportunity to share my insights, fostering a sense of camaraderie and enthusiasm within the community," the Shib Army OG concluded.

In addition to his prominent participation at the Block World Tour, Shib Army Xanders broadened his influence within the crypto community through an exclusive interview with Binance Live in Spanish. This platform offerred him an opportunity to delve into the intricacies of the Shiba Inu ecosystem, shedding light on its components, achievements, and the dynamism of its community.

During the interview, Xanders explored the various facets of the Shiba Inu ecosystem, detailing its structure and the milestones it has achieved thus far. He provided insights into the vibrant community that has been pivotal to the ecosystem’s growth and success. The discussion aimed at fostering a deeper understanding of Shiba Inu among Spanish-speaking audiences, emphasizing its significance and the collective effort behind its evolution.

Furthermore, Xanders used this platform to generate excitement and anticipation for the Block World Tour event in Granada. The interview served as a prelude to his presentation at the tour, providing a sneak peek into the topics and discussions expected to take place. This strategic engagement with Binance Live enhanced the visibility of both the Shiba Inu project and the event in Spain, aimed at attracting a wider audience and enriching the overall discourse around blockchain and cryptocurrency within the Hispanic community.

Continued Commitment to Education and Influence

As one of the OGs in the crypto world, particularly in Shiba Inu, Xanders reminded everyone that "Crypto is far from a shortcut to easy and quick wealth, and it certainly isn't a scam. However, caution is paramount in this realm. It's common for individuals to invest substantial sums, harboring dreams of overnight riches. Yet, the reality of crypto lies in its landscape of patience and volatility. It's crucial to invest only what one can afford to lose, recognizing the unpredictable nature of this market."

Following this event, Xanders is eagerly anticipating another major event in the crypto world, specifically tailored for Spanish speakers, slated for later this year. He is excited about the opportunities this event may bring and is eagerly anticipating his participation. Xanders is particularly looking forward to potential developments for the Hispanic community and Shib Army Spain. Additionally, he is intrigued by the innovations emerging from the Shiba Zone, a physical space created by SHIB holders in Venezuela, which holds promising prospects for the future.

Xanders' mission to contribute and influence the crypto community through education remains steadfast. Recognizing the value of enhanced understanding in the crypto world, he actively engages in hosting AMAs (Ask Me Anything sessions) to address critical issues and enrich people's grasp of the ecosystem. Moreover, he maintains a strong commitment to fostering the adoption of SHIB as a payment method. Recent examples, such as a Persian jeans company accepting SHIB and BONE as payment, serve as encouraging milestones. These successes drive Xanders to continue contributing across various platforms and avenues, ensuring sustained growth and development within the crypto space.

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