shiba inu lead developer Shytoshi Kusama introduced Shibapendence Day, an important milestone for the Shiba Inu community, in a blog post published earlier today. Kusama stressed the importance of decentralization and the need to get rid of centralized systems that have long dominated society.
Shytoshi Kusama at the Shiba Exchange
The focus of the announcement was the launch of ShibaSwap, the first truly decentralized exchange associated with the Shiba Inu ecosystem. With this development, the Shiba Inu aims to pave the way for a decentralized future and provide financial opportunities for individuals who want to escape an unjust society.
In his blog post titled Shibapendence Day, he reiterated the team’s commitment to their initial mission, while acknowledging the myriad FUD theories surrounding the Shiba Inu. However, he thanked the dedicated ShibArmy.
With the imminent launch of ShibaSwap, we are proud to pioneer the birth of a new era by introducing the first truly decentralized exchange and announcing our Shibapendence!
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Kusama also BONNET highlighted the inclusion of various token pairs and their respective Allocation Points (AP) for distribution. The AP determines the distribution weight for each pool, and pools with higher AP will get more BONEs per block.
Shibapendence Day For Shiba Inu
To celebrate Shibapendence Day and foster community engagement, ShibaSwap offers a variety of ways for users to participate. Many ShibArmy members choose to stake LEASH and SHIB tokens using the BURY feature. However, the full benefit of ShibaSwap lies in its liquidity features that allow participants to earn BONE, the main token associated with ShibaSwap and other ecosystem projects.
During the first two-week Liquidity Raise period, an accelerated release of 1,000 BONEs per block (divided among pool rewards) will occur, ensuring a wide distribution of the token. After this period, the emission rate will decrease to 100 BONE per block.
Recently, Kusama hinted that the highly anticipated Tier 02 Shibarium will be released. The BONE price also increased, reaching $3.
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