The Shiba Inu [SHIB] network has been continuously introducing various updates since its establishment, generating significant interest and community involvement. Shytoshi Kusama, the lead developer of the network, recently released a blog post in which he announced an exciting new event called “Shibapendence Day.” This unveiling has further heightened the enthusiasm surrounding the project.
What is Shibapendence Day?
In the recently published blog post titled “Shibapendence Day,” Kusama emphasized the existence of a long-standing centralized system that has persisted for centuries. The primary objective of the Shiba Inu network is to challenge this centralized model by introducing decentralization through the upcoming launch of ShibaSwap.
The blog post proudly proclaimed that with the imminent release of ShibaSwap, they are at the forefront of spearheading a new era. It described ShibaSwap as the first genuinely decentralized exchange and declared this milestone as the embodiment of their “Shibapendence.”
Want to be a part of Shibapendence Day? Here’s How
The Shiba Inu network has provided numerous avenues for the community to commemorate and actively participate in Shibapendence Day. Many community members have opted to participate in the BURY feature, which enables them to stake their LEASH and SHIB tokens.
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However, the true value and functionality of ShibaSwap become evident through its liquidity features, which allow participants to earn BONE. It is important to highlight that BONE serves as the primary token associated with ShibaSwap and Shibarium.
A higher release rate of 1,000 BONE tokens per block will be implemented during the initial two weeks of the Liquidity Enhancement period. These tokens will be distributed among pool rewards to ensure the widespread circulation of the token. Following this initial period, the emission rate will decrease to 100 BONE tokens per block. However, the question remains: How can one acquire these tokens?
Apart from purchasing the ETH/BONE pair directly on ShibaSwap, there is an alternative method for acquiring BONE tokens. This involves participating in the accelerated rewards program by providing liquidity to specific pairs on ShibaSwap. Users can stake their Liquidity Provider tokens in a process called “WOOFing” to participate in this program.
Kusama Extends His Gratitude And Appreciation
The blog post expressed deep appreciation and gratitude for the dedicated ShibArmy community. Despite facing continuous fear, uncertainty, and doubt (FUD) regarding the SHIB network, the post reiterated the team’s unwavering commitment to its core values and mission. This commitment will soon be exemplified through the highly anticipated launch of ShibaSwap.
Furthermore, Kusama highlighted that: “We have lost track of the number of times people have accused this of being some grand conspiracy, despite the fact that Shib has never deviated from our initial mission statement. We are, and have always been, volunteers doing our best for the community, even when our meticulous and cautious work has pushed back the release date for ShibaSwap.”
