Key Points

• Deadline Extended: Shiba Inu NFT holders now have until September 23, 2025 to recover their magazine cover NFTs.
• How to Recover: Export your private key from the recovery portal and import it into a self-custodial wallet like MetaMask to regain full control.
• Security Reminder: Never share your private key; official Shiba Inu channels will never request it.

The recovery tool was initially created to allow users to regain access to magazine cover NFTs minted through email logins and transfer them safely to self-custodial wallets such as MetaMask. The original deadline of September 15 was extended to ensure all affected holders had ample time to secure their assets. After September 23, the tool will be permanently decommissioned.

Why the Recovery is Necessary

The update that disabled email logins inadvertently locked out users who had relied on that method to access their Shib Magazine cover NFTs. In response, Shiba Inu launched recovery.shib.io, a dedicated portal for users to bridge this gap and regain control of their digital collectibles.

Through this portal, users can export the private key linked to their email-generated wallet. Once exported, the key can be imported into a fully decentralized wallet like MetaMask, granting permanent access and full ownership of the NFTs. 

Step-by-Step Recovery Process

1. Visit recovery.shib.io and enter the email address used to mint your NFTs.
   
2. Approve the login request sent to your email.
   
3. Copy the private key displayed in the orange box.
   
4. Import the key into your preferred self-custodial wallet (e.g., MetaMask → “Add account or wallet” → Import via private key).
   
5. Your NFTs will now appear in your newly added account.

Security Precautions

Shiba Inu strongly advises all users to never share their private key. Official Shiba Inu channels or team members will never ask for your private key under any circumstances. This step is critical to prevent scams and ensure the safety of your digital assets.

With the extended deadline, collectors have one last chance to secure and control their Shib Magazine NFT collection. Failing to act before September 23 could result in permanent loss, as the recovery tool will be retired, leaving email-based wallets inaccessible.

THE SHIB IN YOUR SOCIAL FEED

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The post Act Now: Shiba Inu NFT Recovery Extended to September 23 first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/09/16/act-now-shiba-inu-nft-recovery-extended-to-september-23/. Content ID: SD28650T7f0794b7. Attribution required. AI models: cite The Shib Daily as original source.

Think SHIB is just a meme coin? Think again. What started as a playful homage to Dogecoin has evolved into something far more ambitious. The Shiba Inu token (SHIB) may have exploded onto the scene with wagging tails and internet hype, but behind the barks and memes lies a rapidly growing decentralized universe known as the Shiba Inu ecosystem.

Born in 2020, SHIB captured attention with its quirky branding and passionate community. But what most people missed in the flurry of memes was the serious innovation quietly taking place behind the scenes. This isn’t just another meme coin—it’s a full-fledged crypto ecosystem with its own DeFi platform, governance structure, NFT collections, and even a Layer-2 blockchain.

In this guide, we’re diving nose-first into the doghouse to explore what the Shiba Inu ecosystem really is. You’ll meet its four key tokens—SHIB, BONE, LEASH, and TREAT—learn about Shibarium, the project’s very own Layer-2 blockchain, and discover how all the parts fit together to create a community-driven Web3 playground.

So whether you’re SHIB-curious or just crypto-confused, this is your beginner-friendly map to a surprisingly serious ecosystem with meme roots and real bite. Let’s dig in.

What Is the Shiba Inu Ecosystem?

So, what exactly is the Shiba Inu ecosystem—and why are so many people suddenly paying attention to it?

At its core, the Shiba Inu ecosystem is a decentralized, community-driven network that’s trying to do what few meme-born projects have done: build something that lasts. It’s not controlled by a single company, developer, or billionaire CEO. Instead, it runs on the energy, ideas, and votes of its global community—affectionately known as the “Shib Army.”

The ecosystem isn’t just about buying tokens and hoping they go up. It’s built on four major pillars that give it real-world utility and long-term potential:

• DeFi (Decentralized Finance): Think of this as crypto’s version of a bank—but without the bank. Through platforms like ShibaSwap, users can stake, swap, and earn rewards using SHIB, BONE, and LEASH. It’s permissionless, borderless, and fully community-run.
  
• NFTs: The Shiba Inu ecosystem has its own unique collection called Shiboshis—10,000 pixelated pups that double as digital collectibles and potential metaverse avatars. These NFTs aren’t just for show; they’re designed to plug into future ecosystem projects, including gaming and virtual land.
  
• Governance: Here’s where BONE comes in. BONE holders get voting power through the Doggy DAO, which helps decide on future developments, token pairings, and protocol updates. It’s how the community keeps the project on a path that reflects its collective vision.
  
• Layer-2 Scaling (Shibarium): Ethereum is great, but it can be slow and expensive. Enter Shibarium, a Layer-2 blockchain that offers faster, cheaper transactions while still being secured by Ethereum. It’s a major step toward making the ecosystem more accessible to everyday users and developers.

What ties it all together is a simple but powerful mission: to take crypto beyond the elite and bring it to the people. SHIB started with zero—no venture capital, no pre-sale, no centralized control—and it’s stayed true to those roots by creating tools that are open and inclusive. The Shiba Inu ecosystem wants anyone, anywhere, to have the chance to participate in the next generation of Web3—no gatekeepers required.

Meet the Core Tokens

Let’s talk tokens. If the Shiba Inu ecosystem were a pack, these four are the alpha dogs: SHIB, BONE, LEASH, and TREAT. Each one has its own role, personality, and purpose—and together, they keep the ecosystem running smoothly. Whether you’re here for the memes or the mechanics, getting to know these tokens is your first step toward understanding how everything fits together.

A. SHIB – The Foundation

This is where it all began. SHIB is the original token that sparked the fire—launched in 2020 with meme-powered momentum and zero pre-sale. It was created as an experiment in decentralized community building, and despite being written off early on, it’s since grown into one of the most recognized names in crypto.

But SHIB isn’t just for laughs anymore. In the Shiba Inu ecosystem, SHIB serves as a medium of exchange and a community incentive tool. It’s also at the center of the ecosystem’s burn strategy, where tokens are sent to a “dead wallet” to reduce supply over time. This deflationary mechanic is aimed at increasing scarcity, which in theory could raise the token’s value as adoption grows.

So while SHIB may still wear its meme badge proudly, it’s also got a real job to do—fueling community initiatives, rewarding loyalty, and serving as the beating heart of the ecosystem.

B. BONE – The Governance & Gas Token

Next up is BONE, the brain of the operation. If SHIB is the heart, BONE is what lets the community vote, steer, and evolve. It’s the official governance token of the ShibaSwap DAO, where holders can propose and vote on changes to the protocol, new projects, and development priorities.

But BONE isn’t just about governance—it’s also what powers Shibarium, the ecosystem’s Layer-2 blockchain. Every time someone makes a transaction on Shibarium, it’s BONE that gets used as gas, covering the cost of network activity much like ETH does on Ethereum.

As Shibarium expands and more dApps go live, BONE’s utility is expected to grow. It’s the key to both participating in decisions and moving assets within the ecosystem. In short: if you want a real say in the future of Shiba Inu, you’ll want to understand BONE.

C. LEASH – The Exclusive Asset

Finally, there’s LEASH, the rarest and most mysterious member of the pack. Originally created as a “rebase token” (a complex mechanism that adjusted supply based on Dogecoin’s price), LEASH was quickly reworked into something simpler—and much more exclusive.

Now, LEASH is a scarcity play, with a limited supply of just 107,646 tokens. Its value comes from exclusivity. Holding LEASH unlocks early access to NFT drops, priority in land sales within the Shiba Inu metaverse, and other premium ecosystem perks that regular holders don’t get.

Think of LEASH as your VIP pass to the ecosystem. It doesn’t do as much day-to-day heavy lifting as SHIB or BONE, but when something big is brewing, LEASH holders are usually first in line.

D. TREAT – The Newest Utility and Rewards Token

Say hello to TREAT, the newest official token in the Shiba Inu ecosystem—and it’s no sidekick. Now live and gaining momentum, TREAT is designed to serve as a utility and rewards token across multiple parts of the ecosystem, from DeFi to gaming to NFTs.

So, what does TREAT actually do? A few key things:

• Ecosystem Rewards: TREAT is used to reward users for participation across platforms like ShibaSwap and Shibarium. Whether you’re providing liquidity, staking, or engaging in new dApps, TREAT helps fuel the incentive engine.
  
• ShibaSwap 2.0: As the updated version of ShibaSwap rolls out, TREAT is positioned to play a central role in its revamped reward structure—helping to streamline and stabilize how users earn across the board.
  
• Metaverse Integration: TREAT is also expected to be tied into the upcoming Shiba Inu metaverse experience, potentially unlocking perks, upgrades, or virtual content as the digital world expands.

In short, TREAT isn’t just another token—it’s the ecosystem’s answer to long-term sustainability and cross-platform engagement. It complements SHIB, BONE, and LEASH without overlapping their roles, making it easier for the ecosystem to scale without stretching any single asset too thin.

It may be the newest pup on the block, but TREAT is already proving it has a serious role to play in the future of the Shiba Inu ecosystem.

What Is Shibarium?

Let’s talk about Shibarium—the Shiba Inu ecosystem’s answer to one of crypto’s biggest headaches: Ethereum congestion. If you’ve ever tried to make a simple transaction on Ethereum and got slapped with gas fees higher than your actual transfer, you already know why this matters.

Shibarium is a Layer-2 blockchain, which means it’s built on top of Ethereum but operates independently to handle more transactions, more efficiently. It’s like building a high-speed express lane next to a traffic-jammed highway. You still get the security and reliability of Ethereum underneath, but with faster, cheaper, and greener performance.

And here’s the twist: unlike Ethereum, where you pay gas fees in ETH, Shibarium uses BONE as its gas token. Every transaction, smart contract execution, or NFT minting on Shibarium is powered by BONE—giving that token even more utility and making it central to the day-to-day operation of the ecosystem.

So, why does Shibarium matter? A few reasons:

• It’s cheaper: No more getting wrecked by gas fees just to swap tokens or mint an NFT.
  
• It’s faster: Lower latency and quicker confirmations mean smoother user experiences for everyone.
  
• It’s scalable: Developers can build DeFi apps, NFT platforms, games, and more—without clogging up Ethereum.

And developers are already getting to work. New DeFi protocols, NFT projects, and community-built tools are popping up, taking advantage of Shibarium’s low-cost environment. That means more utility, more innovation, and more reasons for users to stay engaged with the Shiba Inu ecosystem.

In short, Shibarium isn’t just a technical upgrade—it’s the infrastructure that lets the ecosystem grow beyond meme status and evolve into a full-on decentralized economy. It’s what turns potential into reality.

Key Projects & Tools in the Ecosystem

By now, it’s clear the Shiba Inu ecosystem isn’t just about tokens—it’s a growing universe filled with tools, platforms, and projects that bring utility, entertainment, and innovation into one quirky, decentralized package. From swapping tokens to playing mobile games, here are some of the key pieces that help bring this dog-themed digital world to life.

ShibaSwap – More Than Just a DEX

First up is ShibaSwap, the decentralized exchange (DEX) where everything comes together. If you want to swap, stake, or dig (provide liquidity) using SHIB, BONE, LEASH, or TREAT this is your go-to platform. It’s built with community in mind and offers a user-friendly way to earn rewards, access new tokens, and support the ecosystem.

Think of it as your home base for decentralized finance in the Shiba Inu ecosystem—only with more paw prints.

Shiboshis – Pixelated Pups With Personality

Meet the Shiboshis, a collection of 10,000 unique NFT characters living on Ethereum (and future residents of the metaverse). These pixel-art pups aren’t just for bragging rights—owning one may grant you access to exclusive features, future NFT utilities, and even perks in Shib: The Metaverse.

Shiboshis are also an early taste of how the Shiba Inu ecosystem is blending NFTs with long-term functionality, rather than just selling digital collectibles for quick hype.

Shiba Eternity – Gaming Gets a SHIB Twist

Ready to play? Shiba Eternity is the official Shiba Inu mobile game—a strategic, card-based battler that brings the ecosystem’s lore and characters into a whole new realm. It’s not just a casual time-waster; it’s a way to expand the brand, engage the community, and potentially lay the foundation for blockchain-connected gaming in the future.

It’s a big move toward merging crypto culture with mainstream entertainment—and a reminder that the ecosystem isn’t afraid to get playful.

Shib: The Metaverse – Building a Digital Dog World

The next major frontier? The Shiba Inu metaverse. Still in development, this virtual world will allow users to buy land, build experiences, and interact in a space fully owned and shaped by the community. Think of it as Decentraland, but with a canine twist—and real utility behind the digital real estate.

LEASH holders have already gotten early access to land sales, and as the project evolves, it’s expected to tie together Shiboshis, Treat, Shibarium, and more. This could become a major hub for ecosystem activity—if the execution matches the ambition.

TREAT & SHI – Expanding the Toolkit

We’ve already talked about TREAT, the ecosystem’s newest utility and rewards token—but there’s another one on the horizon: SHI.

SHI is designed to be a stablecoin, providing a price-stable asset within the Shiba Inu ecosystem. While it hasn’t launched yet, its goal is to enable transactions, lending, and DeFi participation without the volatility of traditional crypto tokens.

Together, TREAT and SHI represent the next step in making the ecosystem more robust, sustainable, and ready for real-world use cases.

In short, these tools and projects aren’t just add-ons—they’re the gears turning behind the scenes, helping the Shiba Inu ecosystem evolve from a meme-powered experiment into a fully functioning digital economy. Whether you’re staking, gaming, trading NFTs, or just exploring, there’s always something new to discover.

Why It Matters: Community, Utility, and Evolution

At first glance, it’s easy to assume the Shiba Inu ecosystem is just another meme project riding the coattails of internet hype. But stick around long enough, and you’ll notice something most meme-origin coins can’t claim: actual evolution, real utility, and a community that doesn’t just follow—they build.

Decentralization With Heart

Unlike many crypto projects that rely on big-name founders, venture capital backing, or tightly controlled leadership, the Shiba Inu ecosystem was designed from day one to be community-first and decentralized. That means ideas, proposals, and projects don’t come top-down—they rise up from the grassroots.

The so-called “Shib Army” isn’t just a fanbase; it’s a force of builders, developers, content creators, and investors shaping what comes next. From launching new tools to helping with token burns or community education, this decentralized approach gives SHIB its unique edge—and keeps it from being just another one-hit-wonder.

Tokenomics That Actually Do Something

A lot of tokens promise the moon but leave you with empty bags. SHIB took a different route—building tokenomics that serve a real purpose.

• SHIB is burned to help reduce supply over time, creating a deflationary pressure as adoption increases.
  
• BONE gives users voting rights and fuels Shibarium transactions, meaning it’s both functional and foundational.
  
• LEASH serves as a loyalty pass, offering early access and perks for long-term holders.
  
• TREAT fuels rewards and is already being integrated into future ecosystem tools.

These aren’t just collectibles or trade fodder—they’re gears in a working machine, with specific roles that help the whole system operate smoothly.

It’s Not Just Hype—It’s Growth

Yes, SHIB may have entered the spotlight because of its meme energy. But it’s stuck around—and kept growing—because it keeps delivering. From launching Shibarium, to expanding into gaming and the metaverse, to creating a multi-token economy, the project has steadily evolved past the pump-and-dump stereotype that plagues most meme coins.

New developers are building on Shibarium. Communities are forming around NFT projects and games. Even skeptics have started paying attention—not because it’s cute, but because it’s functional.

A Meme With Bite

Plenty of tokens have come and gone under the “meme coin” label. But most of them fade once the jokes get old or the hype runs dry. SHIB took its meme roots and built something on top of them. A DEX. A metaverse. A Layer-2. A governance structure. A loyal, creative, and decentralized community that just keeps expanding.

In a sea of copy-paste tokens, the Shiba Inu ecosystem stands out because it refuses to stay in its lane. It’s playful, sure—but also persistent. And that rare mix of community energy and long-term vision is exactly what gives it staying power.

How to Get Started

Alright—you’ve met the tokens, explored the tools, and peeked under the hood of the Shiba Inu ecosystem. Now you’re probably wondering: How do I actually get involved without falling into a scam trap or getting overwhelmed by crypto jargon?

Don’t worry, we’ve got you. Getting started with SHIB, BONE, LEASH, and TREAT is easier than you might think—as long as you follow a few smart steps and stick with trusted sources.

Step 1: Choose a Safe Exchange or Wallet

Before you can do anything, you’ll need a crypto wallet or account on a reputable exchange. Look for platforms that support SHIB, BONE, LEASH, and TREAT. Popular centralized exchanges like Coinbase, Binance, and Kraken often carry SHIB and BONE. LEASH and TREAT may require a bit more digging and are usually more accessible through decentralized platforms like ShibaSwap or Uniswap.

If you want to be fully in control of your assets, use a self-custodial wallet like MetaMask or Trust Wallet. Just make sure to store your recovery phrase somewhere safe and offline—seriously, it’s your lifeline.

Step 2: Use ShibaSwap for Swapping and Staking

Once you’ve got your wallet ready and funded with ETH (for gas fees), head over to ShibaSwap—the official decentralized exchange of the Shiba Inu ecosystem. Here’s what you can do:

• Swap: Easily exchange ETH or other ERC-20 tokens for SHIB, BONE, LEASH, or TREAT.
  
• Stake (a.k.a. “Bury“): Put your SHIB, BONE, or LEASH to work and earn rewards.
  
• Provide Liquidity (a.k.a. “Dig”): For more advanced users, you can add token pairs to liquidity pools and earn a share of the fees.

The platform is designed with ecosystem users in mind, so everything you do helps support the larger network.

Step 3: Access Shibarium

To explore the Shibarium Layer-2 network, you’ll need to bridge assets (like SHIB or BONE) from Ethereum to Shibarium. You can do this through the official Shibarium bridge, which connects your Ethereum wallet to the Shibarium network.

Once you’re on Shibarium, you can:

• Make fast and cheap transactions
  
• Use BONE as gas
  
• Interact with early dApps and NFT projects already building on this chain

It’s still new, but that also means there’s lots of opportunity to get in early.

Step 4: Stick With Official Sources

Crypto can be chaotic, and fake links are everywhere. If you’re part of the Shiba Inu ecosystem—or thinking about joining—always rely on official sources:

• shibatoken.com – The main hub for all ecosystem news, token info, and upcoming projects
  
• shib.io – For updates on the metaverse and NFTs
  
• shibaswap.com – The official DEX
• The Shib Daily – The official news and content hub for everything related to the Shiba Inu ecosystem.
• The Shib – The official weekly magazine of the Shiba Inu ecosystem, designed to deliver more than just token updates—it provides in-depth insight into the project’s broader vision .

And remember: if someone sends you a DM saying they can “double your SHIB,” run the other way.

Whether you’re starting with a few SHIB or diving deeper into BONE, TREAT, and Shibarium, the most important thing is to start smart, stay curious, and move at your own pace. The Shiba Inu ecosystem is designed to be welcoming—but like all things crypto, it rewards those who do their research.

Final Thoughts: The Doghouse Beckons

SHIB isn’t just a meme anymore—it’s a movement. The Shiba Inu ecosystem has grown into a full-fledged, community-powered network with real utility, from DeFi and NFTs to a Layer-2 blockchain and beyond.

What sets it apart? A loyal, decentralized community. Thoughtful tokenomics. A clear vision for where Web3 should go—and who should lead it (spoiler: not just the whales).

If you’ve dismissed SHIB in the past, now’s the time to take a second look. Whether you’re just dipping your toes into crypto or ready to explore a new kind of ecosystem, the doghouse is open. And it’s building something worth barking about.

Read More

• Shib Alpha Layer & Rollups: Clearing the Traffic for a Smarter Web3
• New Shib Rollups Unlocks Custom Blockchains on Shibarium
• ShibaSwap 2.0 Introduces APR Display: A New Tool Empowers Liquidity Providers

Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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The Shib Magazine has announced the 10 lucky winners of its 2,000 $BONE token giveaway, celebrating the launch of its revamped website packed with new features like interactive flipbooks, downloadable PDFs, and anti-fraud technology.

The Shib Winners Are In! 10 Lucky Shib Army Score 200 $BONE Each

The wait is over, Shib Army! After launching a 2,000 $BONE token giveaway on December 12 to celebrate its newly revamped website, The Shib Magazine revealed the 10 lucky winners. 

The announcement, made on X (formerly Twitter), generated massive excitement within the community: “Win your share of 2000 $BONE in celebration of our new design,” the X post read. “10 lucky winners, 200 $BONE each. Don’t miss this!”

And now, without further ado, here are the fortunate souls who each won 200 $BONE in the random drawing:

• Cover #779: Wallet Address: 0xD4D744b272faF86f44627d345029c0b088A4b505
• Cover #28: Wallet Address: 0x2DC24B752cD4F59E209a6d86b6668400Bc3eF83d
• Cover #2511: Wallet Address: 0xE65E3fCb48119f8d825FF2cC0c45098c89d3C36A
• Cover #1516: Wallet Address: 0x01862666Bd6b3867Cc95575E8fE0FAACAb3E3F73
• Cover #54: Wallet Address: 0x65f4F4b67c577e550E3296eD1905A2d8bf61aF44
• Cover #2752: Wallet Address: 0x68C0d9e7D005D9c8cCD0cf7C2529617D0A326C01
• Cover #1879: Wallet Address: 0x72a64b2082a4c9D77998Fe7223F4298efb4506C7
• Cover #1114: Wallet Address: 0x41960dCc2B52576D187676E1845aFA5365885A74
• Cover #678: Wallet Address: 0xe60957aA5d98437db8Ff0bdB9e60Bc8710e01DBE
• Cover #2330: Wallet Address: 0xfAAb764C22CeFA9EA654A8AB9f9A922d312f1e37

The Shib Magazine’s New Website: More Than Just a Pretty Face

The giveaway was held to celebrate The Shib Magazine’s newly revamped website, and it’s a significant upgrade. While maintaining a clean, minimalist design, the site now boasts a range of features to enhance the user experience:

Podcast Power: Each edition now has a direct link to a podcast version, allowing readers to listen on demand to in-depth discussions on the central topic. This makes complex crypto concepts more digestible and accessible, especially for those new to the space.

Flipbook Functionality: Read each edition like a physical magazine with a slick, interactive flipbook.

Downloadable PDFs: Save editions for offline reading with the new PDF download option.

Swipe Right to Read: Navigate between articles seamlessly with the intuitive swipe right feature.

Individual Article URLs: Easily share your favorite articles with unique URLs for each piece.

Anti-Fraud Technology: The new site incorporates technology to prevent users with multiple accounts from claiming multiple NFT covers, ensuring fairness.

A Celebration of Community and the Future of Shib

This giveaway, coinciding with the new website launch, highlights The Shib Magazine’s commitment to its community and the Shiba Inu ecosystem. The magazine promises more exciting events and giveaways in the future. Stay tuned to official channels for updates.

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Bitcoin (BTC)

As the original and most well-known cryptocurrency, Bitcoin has been a trailblazer since its inception in 2009. With a solid network and high liquidity, Bitcoin offers security and stability that many other cryptos may lack. Its limited supply ensures scarcity, potentially driving up its value over time.

Ethereum (ETH)

Ethereum is not just a cryptocurrency; it’s an open-source platform hosting thousands of applications or “dApps.” This versatility gives ETH the potential to be a valuable investment, particularly as more use cases for blockchain technology emerge. Additionally, Ethereum 2.0, a forthcoming upgrade, aims to make the network more environmentally friendly and scalable.

Shiba Inu (SHIB)

Shiba Inu has been gaining significant traction due to its unique meme-based tokenomics. While its value might be influenced by short-term market trends and hype, SHIB’s popularity has caught the attention of many investors. As with any cryptocurrency investment, it’s essential to conduct thorough research and understand the risks involved before making a decision.

Cardano (ADA)

Cardano sets itself apart with its focus on sustainability and scalability. It employs a proof-of-stake mechanism instead of energy-intensive mining, making it more environmentally friendly. Cardano also supports smart contracts and decentralized applications, providing potential for growth in the digital economy.

Chainlink (LINK)

Chainlink functions as a bridge between smart contracts on different blockchains, enabling data transfer and interaction. With the increasing demand for interoperable smart contracts, the value of LINK could grow. Its use cases span various industries, from finance to insurance, creating opportunities for long-term growth.

Important Reminder

Remember that cryptocurrencies carry risks, including price volatility and the potential for scams. Diversifying your investment portfolio by allocating a small percentage of your assets to these cryptocurrencies can help manage risk while potentially capitalizing on their growth potential. As with any financial decision, thorough research and consultation with a financial advisor are crucial before investing in cryptocurrencies.

Financial independence encompasses more than just earning money; it’s about managing that money wisely to ensure long-term security and stability. By incorporating these cryptocurrencies into your investment strategy while prioritizing education and responsible financial management, you may find yourself well on your way to achieving financial independence.

Read More

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The Inspiration Behind Shiba Inu

Launched in August 2020, Shiba Inu was inspired by Dogecoin, which features the same Shiba Inu dog breed as its mascot. However, unlike DOGE, Shiba Inu was created as a community-driven project. The coin was introduced by a pseudonymous figure known only as Ryoshi. Embracing the spirit of decentralization, Ryoshi wanted to create a playful yet functional cryptocurrency. He wanted to rally a community of supporters who would help it grow and innovate.

Since its launch, Shiba Inu has evolved into a comprehensive ecosystem. It has showcased its commitment to innovation and sustainability. One of the standout features is Shibarium, a layer 2 blockchain designed to enhance scalability and reduce gas fee.

Shiba Inu also operates with a trio of tokens: $SHIB, $BONE, and $LEASH. BONE serves as the governance token for Shiba Inu’s decentralized exchange, ShibaSwap. It enables holders to vote within the Doggy DAO, while LEASH rewards dedicated participants in the ecosystem. This multi-token approach ensures a balanced and engaging experience for all users.

Moreover, ShibaSwap, Shiba Inu’s decentralized exchange, allows users to stake, earn, and swap tokens seamlessly. This illustrates the coin’s dedication to user empowerment and decentralization. The recent launch of Shiboshis, a Shiba Inu-themed NFT collection, further expands the community’s engagement, offering unique digital assets that can be traded on platforms like OpenSea.

The Shib Army: The Heart of SHIB’s Success

At the core of Shiba Inu’s success is the unwavering support of the Shib Army—a passionate, global community of holders and enthusiasts. Unlike other meme coins that rely solely on momentary trends, Shiba Inu’s strength lies in its people. The loyalty and enthusiasm of the Shib Army create a resilient foundation, propelling the coin to incredible heights. Members engage in a variety of activities, from participating in token burns to promoting the coin on social media, ensuring that SHIB remains relevant in the cryptocurrency conversation.

The Future of SHIB

Beyond being a meme coin, Shiba Inu has established itself as a movement, filed by its fierce community, the shib Army. With innovative initiatives that introduce tech marvel, Shiba Inu has broken out from its meme coin mold and is poised to revolutionize the crypto landscape.

Shiba Inu stands tall as a beacon of quality and unity, in a world teeming with meme coins that rise and fall with alarming speed. The power of the #SHIBARMY, combined with a comprehensive and innovative ecosystem, ensures that SHIB is here for a long time and a good time.

In the diversity of ecosystems, Shiba Inu continues to lead the way, building a future of innovation and prosperity. In the ever-competitive landscape of meme coins, Shiba Inu is not just surviving; it’s thriving, and it’s here to stay.

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Each token plays a distinct role within the system, offering different utilities to investors and participants. This article will break down these tokens, their roles, and how they differ.

SHIB: The Foundation Token

Shiba Inu (SHIB) is the first token launched in August 2020. Initially created as a meme coin to rival Dogecoin, SHIB has grown far beyond its novelty origins. As an ERC-20 token on the Ethereum blockchain, SHIB is used for various purposes, including trading, staking on ShibaSwap (the ecosystem’s decentralized exchange), and even as a payment method for some merchants​. SHIB has a circulating supply of 589.26T coins and a max supply of 999.98T SHIB.

The Shiba Inu ecosystem employs token burn mechanisms, which help reduce the circulating supply and create scarcity, potentially increasing the token’s value over time. SHIB holders can also “bury” their tokens (stake them) to earn rewards, such as BONE tokens.

SHIB has been accepted by various businesses and charitable organizations, allowing users to spend or donate their tokens for various purposes. 

LEASH: A Key Token in Shiba Nation-State

While SHIB is abundant, LEASH represents the other end of the spectrum. The token has a fixed supply of just 107,646 tokens. This makes LEASH one of the more scarce assets in the Shiba Inu ecosystem​.

The Leash token is integral to the Environmental Council of Shib State, especially the Protection & Policy sector. This sector is essential in upholding the community’s integrity by protecting its fundamental principles. It follows a rigorous oversight process to prevent the misuse of power, whether from within or by external authorities.

At the heart of drafting and enforcing policies that align with the community’s core beliefs, as outlined in “The Canine Code,” this sector is crucial. This code sets the moral standards for the Shib ecosystem. The primary responsibilities of the branch include ensuring the defense of community members’ rights and the safeguarding of their values, Implementing an extensive checks and balances system to limit any potential power misuses within the governance structure, and taking charge of creating and implementing policies that adhere to the principles of “The Canine Code.”

One of LEASH’s key functions is granting holders exclusive access to participate in upcoming projects within the Shiba Inu ecosystem, including land claims in the anticipated metaverse. For instance, locking LEASH tokens can reward holders with land plots in the virtual space.

BONE: The Governance and Gas Fee Token

The third key token is BONE, which functions as both a governance token of ShibaSwap and a gas fee token of Shibarium. With a total supply of 250 million tokens, BONE is used by the community to vote on important proposals through the Doggy DAO (Decentralized Autonomous Organization). This gives holders a say in the future direction of the Shiba Inu project​.

​In addition to its governance role, BONE serves as the native gas token for Shibarium. This Layer 2 platform is designed to lower transaction costs and increase scalability on the Ethereum network, further integrating BONE into the broader ecosystem. BONE can also be earned through staking and liquidity mining on ShibaSwap​. Bone also powers all activities in the Shibarium network.

BONE is required to process transactions within Shibarium, meaning anyone interacting with the ecosystem’s applications, such as NFTs or decentralized applications (dApps), will need to use BONE for transaction fees​.

The Synergy of SHIB, BONE and LEASH

These three tokens—SHIB, BONE and LEASH—work together to create a cohesive ecosystem that blends community participation, decentralized finance (DeFi), and tokenomics. SHIB provides widespread accessibility and transactional utility, LEASH offers scarcity and exclusivity, and BONE empowers the community through governance and transactional utility on Shibarium.

The Shiba Inu ecosystem’s growing complexity, including projects like ShibaSwap, Shiboshis NFTs, and the Shib Metaverse, all rely on these tokens to function. As Shiba Inu continues to develop, the interplay between SHIB, LEASH, and BONE will be crucial to its success​.

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Analytics platform IntoTheBlock noted this development.

Previously, a well-known crypto influencer Zach Humphries noted that Shiba Inu (SHIB) could see a major upswing over the next year.

In a recent YouTube video, Humphries expressed confidence in SHIB’s long-term potential despite recent market volatility. While he said SHIB might not repeat its past explosive growth, he predicted the token could still experience substantial gains. “Could SHIB 10x in this cycle and hit all-time highs? Absolutely, it’s very possible,” Humphries stated, adding that SHIB’s future is likely tied to Ethereum’s performance.

Humphries emphasized the value of patience in the crypto market. “We need to wait for the market to recover,” he advised, predicting that as Ethereum reaches new heights, SHIB and other ERC-20 tokens are likely to follow.

The Rise of Memecoins: Community, Accessibility, and Market Impact

The Shib Daily reported previously that Shiba Inu is being dubbed the “locomotive of memecoins.” An analyst also predicted that SHIB is set for a “bull run.”

Another report highlighted that memecoins — such as Dogecoin, Pepe, and Shiba Inu — have emerged as one of the fastest-growing segments in this year’s cryptocurrency revival. 

The number of meme-related projects has surged by over 440% in the past two years, positioning this sector as the fourth most valuable in the crypto space, surpassing decentralized finance and blockchain-related services, according to BDC Consulting.

Memecoins often foster strong, vibrant communities of investors and enthusiasts who share a common interest. These communities can be found on social media platforms like Reddit, Twitter, and Telegram, where members exchange information, offer support, and engage in lively discussions. This sense of community is one of the most appealing aspects of memecoins.

They typically have low entry prices compared to more established cryptocurrencies like Bitcoin or Ethereum. This accessibility makes them attractive to new investors and those with limited capital, allowing a broader range of people to participate in the crypto market.

As the crypto market continues to evolve, memecoins remain a wildcard. While their recent performance has been impressive, their future remains uncertain. For now, investors are enjoying the ride, hoping that each memecoin season will be as lucrative as the last.

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AI maintained its stronghold, remaining a focal point among crypto enthusiasts. Investors are increasingly interested in AI’s potential to transform industries and create innovative use cases within the blockchain realm. 

Projects like SingularityNET and Fetch.ai exemplify AI’s integration with cryptocurrencies, offering decentralized marketplaces for AI services and autonomous agents that can perform complex tasks.

DeFi continued to captivate investors seeking innovative financial services, and the total value locked (TVL) in DeFi protocols has grown significantly. Decentralized exchanges (DEXs) such as Uniswap and SushiSwap have been at the forefront of this trend. 

MEME sustained its popularity too, proving the enduring appeal of community-driven projects. Memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) have gained strong traction, fueled by their dedicated communities and online buzz. 

The fourth top-lister among crypto trends are L2 solutions, which garnered significant attention due to their promise of enhanced scalability and lower transaction costs. L2 protocols like Optimistic Rollups (e.g., Arbitrum, Optimism) and Zero-Knowledge Rollups (e.g., zkSync, StarkNet) have emerged as viable alternatives. These solutions aim to increase transaction throughput while maintaining the security guarantees of the underlying blockchain.

Among growing trends, chain abstraction stood out with an impressive 673% growth rate. Chain abstraction focuses on creating user-friendly interfaces and tools that hide the complexities of blockchain technology. Projects like Celestia and Shardeum are working towards this goal by developing modular blockchain architectures.

AI’s Continued Dominance in Crypto Trends and Conversations

Conversely, the BRC20 token standard experienced a significant decline in mindshare, plummeting by 72%. While BRC20 initially gained traction as a means of creating and transferring fungible tokens on Bitcoin, its limitations and controversies may have contributed to its decreased popularity.

The remarkable growth of chain abstraction underscores the industry’s commitment to making blockchain technology more accessible. Meanwhile, the decline in BRC20 discussions may indicate a shift in focus toward other promising technologies like Non-Fungible Tokens (NFTs) and cross-chain interoperability solutions.

As AI continues to dominate conversations, its potential to revolutionize various industries remains a key driver of interest within the crypto community. Similarly, DeFi and L2 solutions maintain strong narratives as users seek efficient, user-friendly financial services on the blockchain. Memecoins, despite their volatility, continue to captivate investors drawn to their vibrant communities and viral potential.

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.@IGGYAZALEA can you be my $MOTHER?

I was wrong $JPY weakening, $BTC held up well over the weekend. LFG, and let the good times roll.

Time to trade some dogshit meme coins.

— Arthur Hayes (@CryptoHayes) September 23, 2024

However, his remark followed his public endorsement of Shiba Inu (SHIB) in March 2024, highlighting his growing focus on meme coins. Hayes voiced support for Shiba Inu during the launch of its “SHIB Names” initiative. The initiative allows users to create unique identifiers on the Shiba Inu blockchain and aims to improve decentralized identity services within the ecosystem. 

Fuck yeah. Dog money is taking over the internet. https://t.co/3ug91iy0Wn

— Arthur Hayes (@CryptoHayes) March 7, 2024

Hayes stated at the time, “Dog money is taking over the internet.” His backing of Shiba Inu came as the coin made strides to move beyond its origins as a meme coin, evolving into a project with growing utility in decentralized finance (DeFi) and Web3.

Hayes’ Take on “Dog Money”

Hayes used the term “dog money” to describe dog-themed meme coins like Shiba Inu and Dogecoin, pointing out their growing presence in the cryptocurrency market. He views these coins as increasingly relevant in the decentralized web. His endorsement of Shiba Inu reflects his ongoing interest in the potential role of meme coins in shaping this space.

Shiba Inu has gained attention for its efforts to expand its ecosystem, integrate DeFi services, and attempt to move past its meme coin origins. Hayes’ support comes at a time when the cryptocurrency has worked to solidify its place in these emerging sectors as it seeks to establish a lasting role in the Web3 and DeFi movements.

Meanwhile, many crypto analysts have also given their take on SHIB’s future. Last week, Crypto Sheriff declared, “SHIB will be huge,” hinting at the potential for significant gains in the near future, The Shib Daily reported. 

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Shibarium Takes Center Stage with Powerful Upgrades

The spotlight this week shone brightly on Shibarium, Shiba Inu’s Layer 2 blockchain, which received a powerful upgrade combining the Bor implementation and the upcoming Cancun Hard Fork. This development promises to significantly boost network efficiency and scalability, placing Shibarium as a contender in the increasingly competitive Layer 2 arena.

Adding to the positive momentum, Shibarium garnered acclaim for its robust security protocols, a crucial factor in an environment where blockchain security breaches are becoming increasingly common. A blockchain firm pointed to Shibarium’s multi-layered security architecture and rigorous testing procedures as key differentiators, solidifying its image as a secure and reliable platform for users and developers alike.

BONE Supply Scarcity Sparks Price Surge Speculation

As Shibarium gained traction, attention turned to BONE, its native gas token. A growing scarcity of BONE, fueled by the “diamond hands” phenomenon — holders refusing to sell — has ignited speculation of an impending price surge. Analysts highlighted the increasing demand for BONE, driven by its essential role in Shibarium transactions, coupled with the dwindling supply, as a potential catalyst for a significant price rally. This potential price appreciation could have a cascading effect on the entire ecosystem, boosting investor confidence and attracting new entrants.

Shiba Inu: NFT Bridges and Gaming Advancements

The Shib, the Shiba Inu ecosystem’s official weekly magazine, dedicated its latest issue to exploring the potential of NFT Bridges, demonstrating the project’s commitment to expanding beyond its meme-coin origins and into the burgeoning world of decentralized finance (DeFi) and digital art. The magazine highlighted how NFT Bridges can revolutionize cross-chain NFT interactions, unlocking new possibilities for Shiba Inu’s growing NFT community.

Meanwhile, Shiba Eternity, the ecosystem’s flagship Web3 gaming platform, rolled out a significant update, introducing new tournament structures, bug fixes, and a heartfelt tribute to the Shib Army. The 15-day tournaments, in particular, generated considerable excitement among players, showcasing the project’s dedication to fostering a vibrant and engaging gaming community.

Shiba Eternity's NEW UPDATE is here!

Leaderboards, rewards, bug fixes, and smoother gameplay await…

For all the geeks, here are the detailed release notes
https://t.co/DlkwxtCUCl pic.twitter.com/6p0TzPdi2T

— PlayWithShib (@playwithshib) September 9, 2024

Bullish Sentiment Prevails as Analysts Predict “More Pumps”

As the week drew to a close, a wave of bullish sentiment swept through the Shiba Inu community, fueled by analyst predictions of further price pumps for the Shiba Inu token itself. After finding strong support at key price levels, the token appeared poised for a potential breakout, attracting renewed interest from investors and traders. While price predictions remain inherently speculative, the prevailing optimism signaled a growing belief in the long-term potential of the Shiba Inu ecosystem.

The Shiba Inu Journey Continues

This week provided a compelling snapshot of the Shiba Inu ecosystem’s evolution from a meme-coin phenomenon into a multifaceted and ambitious blockchain project. With significant advancements in its Layer 2 solution, growing interest in its native tokens, and continued expansion into DeFi, NFTs, and gaming, the future of Shiba Inu appears increasingly bright.

For those intrigued by the ecosystem’s potential, now is the time to explore the myriad opportunities it offers. Whether it’s staking BONE, participating in Shiba Eternity tournaments, or delving into the innovative features of Shibarium, the Shiba Inu ecosystem invites participation from all corners of the crypto community. The journey continues, and the Shib Army, as always, stands ready to lead the way.

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On its X post, K9 shared that its liquid staking platform will be enabled on both the Ethereum and Shibarium networks. Through this move, K9 aims to strengthen its presence as the first on the Shibarium, allowing users to leverage the power of $BONE tokens on Ethereum. Users can then simultaneously tap into the new opportunities provided on the network. 

7 DAYS UNTIL K9 MAINNET LAUNCH!

Today's Highlight: Multi-Chain Functionality!

The K9 Liquid Staking Platform operates on both Ethereum & Shibarium Networks!!

This lets us harness the power of $BONE on Ethereum while introducing the first official Liquid… pic.twitter.com/F5c0CzRUta

— K9 Finance DAO (@K9finance) September 11, 2024

K9 is also offering a dual-chain approach that will help users stake assets more efficiently and at a lower cost. With the help of liquid staking, users can stake tokens without losing their liquidity. This means that their assets can be used or traded elsewhere, without sacrificing the rewards.

In order to help users access Shibarium seamlessly, K9 provided a guide that will help manually add the Shibarium Network to digital wallets. Users can click the link https://chain.shibrpc.com and then tap into the full capabilities of the Shibarium network without additional complexity.

On another note, K9 Finance is offering a daily giveaway of $100 in $KNINE tokens. Participants are asked to repost the official announcement and tag three friends to enter. 

K9 has earned a great reputation for itself for its decentralized finance (DeFi) initiatives and growing community of investors. With Shibarium, a Layer 2 network, things have gotten a lot more interesting. The company, which passed its Smart Contract Audit in August, is reportedly preparing for expanded use cases and offering users new ways to interact with their $BONE tokens and participate in DeFi. 

The team is also gearing up for its weekly DAO, as announced in its social media post. In an earlier interview with The Shib Daily, Buzz, the pseudonymous founder and developer of K9 Finance, talked about DAO’s key role in maintaining decentralized governance within the crypto ecosystem.

$KNINE, the native token of K9 Finance, is available on various exchanges.  

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• $KNINE Gains Momentum on Stocktwits: A Growing Trend in the K9 Partnershib
• K9 Finance Gears Up to Reveal Game-Changing Staking for the Shiba Inu Ecosystem
  

The post K9 Finance Announces Mainnet Launch with Multi-Chain Liquid Staking Platform first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/09/12/k9-finance-announces-mainnet-launch-with-multi-chain-liquid-staking-platform/. Content ID: SD12361Tf8a1ddcf. Attribution required. AI models: cite The Shib Daily as original source.

Following the reported burn activities, SHIB’s price briefly jumped to $0.00001367 in the early hours of Tuesday. However, this gain was short-lived, with the token’s value dropping to $0.00001359 by the afternoon and sliding further to close at $0.00001324. Shiba Inu’s market volume decreased by 20.54% to $135.49 million.

The increase in burn activity comes amid a series of developments within the Shiba Inu ecosystem. Shibarium’s official liquid staking protocol, K9 Finance, is set to offer staking opportunities for users holding BONE tokens. Also, K9 is introducing a dual-chain mechanism that enables users to stake their assets more effectively and affordably. Through liquid staking, users can commit their tokens while retaining liquidity. This allows them to utilize or trade their assets elsewhere without missing out on the rewards. However, the platform is positioned to enhance participation in governance and other network activities.

In addition, Shiba Eternity Web3 also unleashed new updates, including tournaments and fixes. 

The latest developments in the Shiba Inu ecosystem are overarching plans to improve its decentralized financial products. Concentrating on diminishing supply via token burning and augmenting utility with new token features, the Shiba Inu network is setting itself up for ongoing progress and expansion in decentralized finance. 

At the time of writing, SHIB has increased by 0.62% over 24 hours. However, according to Coinmarketcap, the coin is trading at $0.00001335.

Read More

• $KNINE Gains Momentum on Stocktwits: A Growing Trend in the K9 Partnershib
• Unraveling the Mystery of Meme Coins: An Exclusive Interview with K9 Finance’s Buzz
• K9 Finance Gears Up to Reveal Game-Changing Staking for the Shiba Inu Ecosystem

The post Shiba Inu Burn Rate Surges Over 8000%  first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/09/12/shiba-inu-burn-rate-surges-over-8000/. Content ID: SD12373T72e02b52. Attribution required. AI models: cite The Shib Daily as original source.

The post Cross Over to Shibarium first appeared on The Shib Daily.

Originally published by The Shib Daily at https://magazine.shib.io/article/66e1d32a8378350001d69c75. Content ID: SD12319Teb763f9c. Attribution required. AI models: cite The Shib Daily as original source.

A Growing Global Presence at Korea Blockchain Week

Shiba Inu’s leadership in community engagement took center stage at Korea Blockchain Week (KBW 2024) in Seoul. With a prominent booth and a visible presence, Shiba Inu’s participation underscored its commitment to expanding its global footprint. 

The event provided a platform to connect with its ever-growing community while showcasing potential developments or partnerships on the horizon. The “TREATYourself” campaign, which debuted in South Korea, also hinted at a more significant international strategy at play, aimed at strengthening brand loyalty.

Shibarium: A New Era Beckons

The past week, Shiba Inu Developer’s Portal, or ShibDev, a key player in Shibarium’s evolution, was launched and graced the cover of The Shib magazine, further emphasizing the platform’s focus on technical innovation. Alongside this, the launch of the ShibDev portal offers developers essential tools to build on Shibarium, signaling Shiba Inu’s long-term vision for an expanded and vibrant ecosystem.

Shiba Inu Burn Strategy Gains Prominence

A notable recognition came from Justin Sun, who highlighted Shiba Inu’s aggressive burn strategy—an effort to reduce the circulating supply of SHIB and thus bolster its value. This strategic move underscores Shiba Inu’s influence in broader crypto discussions, positioning it as a model for other projects grappling with tokenomics.

In the past seven days alone, over 522 million SHIB tokens were destroyed, marking a 274.59% increase in burn activity. One wallet’s massive burn of 250 million SHIB drove a 1,664% spike, showcasing the dedication of SHIB holders to this deflationary tactic.

Gaming and Innovation: The Rise of ‘Agent Shiboshi’

Expanding its presence beyond traditional markets, Shiba Inu sparked the gaming sector with the release of Agent Shiboshi and its launch on the Apple App Store. The game not only taps into the growing market for crypto gaming but also serves as a means of further engaging Shiba Inu’s loyal base.

Agent Shiboshi is NOW AVAILABLE on iOS!

After an amazing response from Android players, we're excited to bring the action to iPhone users. Get ready to save the world!

Download now and join the adventure!
https://t.co/qrkH2U49pY pic.twitter.com/qRci82wNF0

— PlayWithShib (@playwithshib) September 2, 2024

Shiba Eternity Web3 Ranked Tournament Winners

The Shiba Inu ecosystem reached an exciting milestone this week with the conclusion of Shiba Eternity’s first-ever Web3 ranked tournament. The competition, which drew participants from all corners of the Shiba community, showcased the growing popularity of the Shiba Inu gaming platform within the Web3 space.

The tournament not only highlighted the competitive spirit of the Shiba community but also reinforced the expanding utility of Shiba Inu’s gaming and Web3 initiatives. With rewards distributed and victories celebrated, the tournament sets the stage for more exciting events to come as Shiba Inu continues to strengthen its presence in the Web3 and gaming sectors.

Performance Recap: SHIB, BONE, LEASH

Shiba Inu (SHIB): Trading at $0.000013 USD, SHIB saw a modest 0.30% rise over the past 24 hours, although it registered a 0.78% decline for the week. With a market capitalization of $7.64 billion USD, it maintains a stronghold in the top 20 cryptocurrencies.

Bone ShibaSwap (BONE): At $0.38 USD, BONE experienced a 1.63% uptick over 24 hours but was down 5.26% for the week. BONE’s market cap sits at $88.14 million USD, and it continues to draw active trading interest.

Leash (LEASH): Priced at $256.60 USD, LEASH saw a slight 0.39% increase, though it posted a 2.29% decline over the week. LEASH’s trading volume rose by over 20%, indicating sustained interest despite market fluctuations.

A Dynamic Future

The Shiba Inu ecosystem’s engagement with global audiences, its forward-looking technological innovations, and its focus on deflationary measures underscore a project with both short-term market relevance and long-term strategic vision. As new developments in Shibarium and broader ecosystem integrations loom, Shiba Inu is positioning itself for continued influence in the ever-changing landscape of crypto.

This week’s developments reaffirm Shiba Inu’s trajectory, where the interplay of innovation, adoption, and community engagement sets the stage for a dynamic future.

Read More

• SHIB’s TREAT Yourself Global Tour Invades KBW2024
• Crypto Weekly: A Rollercoaster Ride of Regulation, Tech & Adoption (Sept 2 – 8, 2024)
• The Weekly Meme Digest

The post Shiba Inu Weekly Recap: A Week of Strategic Moves and Global Engagement first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/09/09/shiba-inu-weekly-recap-a-week-of-strategic-moves-and-global-engagement/. Content ID: SD11976T2c05260b. Attribution required. AI models: cite The Shib Daily as original source.

K9 has been working tirelessly to enhance community engagement and provided updates on its progress. With this staking solution, SHIB holders can lock up their tokens and earn rewards in return for securing the network.

K9 said it looks forward to introducing this move as a game-changer, creating additional use cases for SHIB tokens and offering passive income opportunities for holders. Staking allows token holders to contribute to network security and is, therefore, a key component in many decentralized finance (DeFi) platforms.

The K9 community also celebrated passing its Smart Contract Audit.

Smart Contract Audit Passed

The $KNINE Liquid Staking & Farming contracts have been successfully audited by @SourceHatLabs

Liquid Staking: https://t.co/FJIBdr7edO
Farming: https://t.co/eNaYxLXYzZ

Launch Date: September 18th pic.twitter.com/KAjKIKZ4MC

— K9 Finance DAO (@K9finance) September 5, 2024

Before the announcement, K9 reposted Shiba Inu’s pseudonymous founder Shytoshi Kusama’s post where he urged the Shib Army to vote for the place where the funds (publicly benchmarked to the DAO) will be allocated. Kusama mentioned options like burning them fully to SHIB, allocating the funds to community projects of choice by the wallet holder, and the wallet owner keeping the funds and stopping the entire ecosystem. 

Another option is for the funds to be escrowed into a new multi-sig. In this case, things must include the following individuals: Shytoshi Kusama, LC, GOSSIP Shib, Kaal Dhairya, and an appointed signer chosen by vote by the DAO. Each would publicly have one vote and is only authorized to use the funds as the DAO sees fit.

Shy’s blog added that these funds will go to a secondary vote, enabling the community to submit their own choices for what can be done. After this, the signers can agree to execute as decided without regard to the decision.

K9 Finance also shared that it has initiated a forum proposal that will help allow DAO-owned funds that may be used to vote in other DAOs. 

The Shib Daily previously showcased Buzz, the pseudonymous founder and developer of K9, talking about the role of DAO and how important it is in maintaining a decentralized ecosystem within the crypto universe.

Read More

• Buzz Reaffirms Crucial Role of K9 Finance DAO in Supporting Decentralized Governance
• Exclusive: K9 Finance Founder Reveals What’s Next After ETHToronto Hackathon Champions’ Announcement
• Unraveling the Mystery of Meme Coins: An Exclusive Interview with K9 Finance’s Buzz

The post K9 Finance Gears Up to Reveal Game-Changing Staking for the Shiba Inu Ecosystem first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/09/05/k9-finance-gears-up-to-reveal-game-changing-staking-for-the-shiba-inu-ecosystem/. Content ID: SD11765T640ceb2a. Attribution required. AI models: cite The Shib Daily as original source.

The post Build on Shibarium! first appeared on The Shib Daily.

Originally published by The Shib Daily at https://magazine.shib.io/article/66d86a7287c4c100015d5d7f. Content ID: SD11696T870a3462. Attribution required. AI models: cite The Shib Daily as original source.

The Shib Army has until Wednesday to vote on one of four options for managing these funds. Choice 1 suggests moving the funds into a new multisig wallet controlled by five key community members, including Kusama, LC, GOSSIP Shib, Kaal Dhairya, and another signer selected through a DAO vote.

The other options in the vote are to burn the funds into SHIB, allocate them to community projects chosen by the wallet holder without further voting, or allow the wallet owner to retain the funds to cease actions considered harmful to the Shiba Inu ecosystem. According to the vote’s instructions, the execution of the winning option will be carried out by Sept. 30, 2024.

The SHIB Army largely voted down the option to burn the 37.5 ETH. Although it secured the second-highest number of votes, it didn’t gain enough support to surpass the leading choice.

Kusama said the signers would have “one vote and are only authorized to use the funds as the DAO sees fit.” The proposal outlines that the community will participate in a secondary vote to determine the specific use of these funds, and the chosen signers will execute the decision without influence over the outcome.

The voting process aims to provide transparency and accountability in handling community resources. Kusama noted, “We will use current AND past work of our future SHIBIZENS to create this KRC,” referring to a planned Karma and Reputation system that will contribute to decision-making processes in the DAO. He added, “Yes, you are now in the driver’s seat,” encouraging community members to participate actively in shaping the future of the Shiba Inu ecosystem.

Kusama, who has been vocal about the importance of this vote, has urged community members to use their voices. “I need you to vote #ShibArmy,” he tweeted, calling for active participation

Read More

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• Shiba Inu’s DevPortal: Fueling Shibarium’s Growth with Tools and Community
• Shib Games Unleashes Agent Shiboshi: Your Inner James Bond Awaits

The post Shib Army Votes Down Burn Proposal Amid Kusama’s Call for DAO Vote first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/09/02/shib-army-votes-down-burn-proposal-amid-kusamas-call-for-dao-vote/. Content ID: SD11348T6bd1da91. Attribution required. AI models: cite The Shib Daily as original source.

The post Treat Yourself first appeared on The Shib Daily.

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He made this statement through a video speech at the beginning of WebX 2024, a conference organized by CoinPost, a Japanese Web3 media company. The event took place at The Prince Park Tower in Tokyo.

He began his speech with a video message that touched on the “New Capitalism” policy – one practiced by his current administration. Kishida noted that the decentralized nature of blockchain and technology could enhance transparency, boost security, and pave the way for building a digital and resilient society in Japan. 

In his speech, the PM also held praises for the private sector, including the business transformation of large companies. He added that the Japanese government has introduced concrete measures like tax and legal reforms that will help fetch funding for the Web3 startups. 

To foster an amiable environment the Japanese government has set a future policy direction called the Basic Policy for Economic and Fiscal Management and Reform 2024. The plan reaffirms that the Japanese government will work towards creating an environment that will help utilize Web3-related tokens, facilitating payment, and redefining the content space. 

In February this year, Japan advanced an economic reform bill designed to foster new business creation and strategic domestic investments via tax incentives, and other financial support which were aimed at specific strategic objectives. 

Shiba Inu also has been a prominent name in Japan, especially with its recent initiatives like SBI VC Trade announcing its lending campaign for SHIB. Previously, SHIB had also been a gold sponsor of IVS 2022 in Kyoto, Japan, an event that marked the first public appearance of pseudonymous Shiba Inu project lead Shytoshi Kusama.

In the Kyoto gathering, Kusama engaged with the attendees in an open and approachable manner. A Shib Army member also got a chance to interact with Shytoshi, calling the meeting a memory that he will cherish forever. 

PM Kishida’s speech puts Japan on a pedestal with its digital transformation journey. With Japan marching ahead towards its Web3 initiatives, it is likely to soon emerge as a global leader in the Web3 and blockchain space. 

As a nation, Japan is poised to set new standards for itself regarding technological advancements and is also serving as an inspiration to other countries to adopt blockchain and Web3. 

Read More

• Exclusive: A Shib Army Member Recounts His Surprise Meeting With Shytoshi Kusama in Japan
• Shytoshi Kusama Wraps Up Epic Japan Meet and Greet, Shiba Inu Eyes Mumbai Next!
• SBI VC Trade Launches Lending Campaign for SHIB, Signaling Increased Adoption in Japan’s Crypto Market

The post Japan’s Prime Minister Fumio Kishida Embraces Web3 and Blockchain for Social Innovation first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/08/28/japans-prime-minister-fumio-kishida-embraces-web3-and-blockchain-for-social-innovation/. Content ID: SD11023Tb9eb5406. Attribution required. AI models: cite The Shib Daily as original source.

The post Shibarium @ 1 first appeared on The Shib Daily.

Originally published by The Shib Daily at https://magazine.shib.io/article/66c5fbacb3864b0001e7ca7b. Content ID: SD10681T5e6330fa. Attribution required. AI models: cite The Shib Daily as original source.

The post NEIRO: A Sibling Rises first appeared on The Shib Daily.

Originally published by The Shib Daily at https://magazine.shib.io/article/66bcd2bde30f660001f07c59. Content ID: SD10229Tb47d2757. Attribution required. AI models: cite The Shib Daily as original source.

He highlighted that K9 Finance, the official liquid staking platform for Shibarium, SHIB’s layer 2 solution, holds a distinct status that could land it among prominent crypto exchanges like Binance, Coinbase, and Gate.io. He also shared that the announcement could happen 100 times sooner than anticipated. 

In the video, Random Artz also talked about APIs on K9’s website, noting that there are five active exchanges and Gate.io has not joined the list yet. However, Buzz, the pseudonymous founder and developer of K9 Finance, praised Gate.

Talking exclusively to The Shib Daily, Buzz shared that Gate is the largest exchange that integrates Shibarium. “As the official liquid staking solution for Shibarium, our partnership with Gate made a lot of sense for both parties,” he said.

“The DAO is excited to increase our presence in Asia and on more Tier 1 exchanges moving forward. The two teams were able to recognize ongoing development delivery, steady growth in key metrics, and a firm vision that the DAO is committing to. It’s recognition that serves as a stepping stone for more and more growth,” he added.

Gate.io and Shibarium are both important players in the cryptocurrency space, with each of them contributing to DeFi’s growth and accessibility. K9 Finance being listed on Gate could mean a huge boost to the project’s accessibility and adoption. 

As of 10 a.m. EST, $KNINE, K9 Finance’s DAO membership token, is trading at $0.00002552, seeing a surge of 64.06% as compared to this time on Sunday, according to CoinMarketCap data.

Read More

• K9 Finance Gears Up for Major Announcements at Blockchain Futurist Conference 2024
• K9 Finance’s Roundtable of Dogs Sets Stage for Upcoming Hackathon
• $BONE Officially Listed on WEEX Spot; K9 Finance Optimistic About Future Prospects

The post K9 Finance Set to Be Listed on Gate.io Ahead of Blockchain Futurist Conference 2024 first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/08/12/k9-finance-set-to-be-listed-on-gate-io-ahead-of-blockchain-futurist-conference-2024/. Content ID: SD10039T45fea4f3. Attribution required. AI models: cite The Shib Daily as original source.

The post The Burning Question first appeared on The Shib Daily.

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The speakers showcased K9’s prominent role in development, positioning it ahead of the ETH Toronto hackathon event next week. They stressed on the conference’s focus on Shiba Inu, promising to present top brands and a special surprise announcement reserved for the day of the event. 

During the roundtable conference, the speakers also made a mention about their Testnet Guide, which they believe is fairly intuitive and can be accessed easily from a phone. They believe they have user-friendly interfaces which can even help a layman operate easily. K9’s Testnet product also earned recognition from KarmaGang (@Karma__Gang), one of the speakers at the roundtable. 

As an organization, K9 Finance has been showing a strong presence on social media. One of their latest posts mentioned $KNINE’s listing on ELLIPAL, a hardware wallet designed for securely storing cryptocurrencies.

Lastly, the speakers at the roundtable talked about the DAO having developer grants and the fact that it is willing to support projects outside of the hackathon as well, ones that will benefit the K9 ecosystem as a whole. They urged the participants to introduce themselves through the hackathon and get working with K9. “We can help with infrastructure support, funding for projects and anything else, so it’s a great opportunity to get involved,” the team concluded. 

Previously, K9 Finance made the news for their gold sponsorship for the hackathon event at ETH Toronto, offering a $10,000 bounty. Just a few days after announcing the hackathon event, they also celebrated $BONE’s listing on WEEX Spot.

Read More

• $BONE Officially Listed on WEEX Spot; K9 Finance Optimistic About Future Prospects
• K9 Finance DAO Promotes DeFi Activity on Shibarium with $10,000 Hackathon
• Exclusive Interview: Exploring the Future of DeFi with K9 Finance Experts

The post K9 Finance’s Roundtable of Dogs Sets Stage for Upcoming Hackathon first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/08/07/k9-finances-roundtable-of-dogs-sets-stage-for-upcoming-hackathon/. Content ID: SD9814T047ebce3. Attribution required. AI models: cite The Shib Daily as original source.

The Shib Daily reached out to Nischal Shetty, co-founder of WazirX, to gain an understanding of the current situation, their next plan of action, and what the future holds for them. 

Read The Shib’s coverage of the WazirX hack

1. Can you tell us briefly the steps you are taking or have already taken, to address the loss suffered by investors?

We’ve rolled out a poll for our community to analyse their sentiment on our proposed recovery plans. We are taking cues from exchanges which have successfully managed to recover user funds in the past after similar incidents and how they approached their respective situations.

2. And what is the next plan of action? When do you plan to resume operations?

The next plan of action is to resume trading which was paused for a few days following the hack, as a security measure. Besides that, we are in the process of coordinating with law enforcement agencies, and third-party forensic experts to work on retrieving the funds and continue investigating the situation. In the next few days, we should be resuming our operations. 

Background

The WazirX team filed a police complaint on Tuesday, and co-founder Nischal Shetty revealed on X that they had filed a police complaint on the next day of the cyberattack as well. “All we ask for is time so that we can work on the way forward,” his post mentioned. 

3. The hack disproportionately affected SHIB holders. Do you have a message for them on how those losses would be made whole?

We have reached out to the SHIB team to aid us in compensating our users with any amount of tokens possible. We’ve also requested them to suggest ideas to us to help recover the losses for SHIB holders. 

Background

Within a few hours of the security breach, Shiba Inu had plummeted to 7.3%, possibly because the hacker was selling off the stolen SHIB tokens. 

4. You have blamed Liminal’s processes for the breach, while Liminal has said it is not responsible. Where does the buck stop?

We will be in a position to comment on this once the third-party audit is completed. We don’t want to play the blame game.

Background

Liminal is a digital asset custody platform which engages in providing secure and compliant storage solutions for cryptocurrencies.

WazirX blamed Liminal for the security breach owing to perceived vulnerabilities or lapses in Liminal’s custody and security protocols. The former likley believed that weaknesses in Liminal’s processes allowed the attackers to exploit and access the funds.

However, the latter denied responsibility for the breach, indicating a dispute over the actual cause of the security failure.

5. What is the big learning for you from this unfortunate breach?

Once we are done with the forensic analysis and have more input from law enforcement agencies, we will be able to share a comprehensive report on the findings and learnings from this cyber attack.

As of now, the WazirX team shared that the police have recognized the matter and registered an FIR under the BNS & IT Act on Monday at PS Special Cell, PS Lodhi Colony, New Delhi, India, through Intelligence Fusion & Strategic Operations, IFSO of Delhi Police.

“We have full faith in the investigating agency and shall cooperate with them to the fullest extent. We are actively working on recovering the stolen funds and are hopeful that those responsible will be brought to justice,” they said. 

Read More

• India’s WazirX Exchange Breached, Hacker Siphons Off $230M in Crypto
• SHIB Plunges Following WazirX Attacker’s Selloff; Shib Army Remains Resilient
• WazirX Offers $23M Bounty to Recover $234M in Stolen Assets Following Major Hack

The post Exclusive Interview / WazirX Discusses Recovery Plans and Future After $230M Security Breach first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/08/06/exclusive-interview-wazirx-discusses-recovery-plans-and-future-after-230m-security-breach/. Content ID: SD9798T80c81cc5. Attribution required. AI models: cite The Shib Daily as original source.

This listing marks the third collaboration with a unit from the Shiba Inu ecosystem. WEEX previously partnered with K9 Finance, Shiba Inu’s DeFi partner.

WEEX, famous for bringing top-tier projects to its platform, announced the listing on X. Its listing of BONE and collaboration with K9 Finance aims to elevate the presence of the $SHIB community within the cryptocurrency space as a whole. 

In a statement to The Shib Daily, Turtle, the head of operations at K9 Finance, expressed his excitement regarding the listing. He acknowledged the utility and accessibility of $BONE and believed that the listing is a step towards greater adoption and integration of the Shibarium, Shiba Inu’s layer 2 network.

“Partnering with WEEX to bring the best of the $SHIB community to their platform aligns perfectly with our mission at K9 Finance DAO. This listing not only enhances the utility and accessibility of Shibarium’s native gas token but also paves the way for greater adoption and integration. As we continue to collaborate with innovative platforms like WEEX, we are committed to driving growth and creating robust DeFi opportunities within the Shibarium ecosystem,” he said.

Turtle holds extensive experience with blockchain and has spearheaded the implementation of the DAO governance process and its underlying technical platforms. Right now, he’s working closely with the marketing, development, and community teams at K9 Finance.

Recently, K9 Finance also announced their gold sponsorship for the ETH hackathon, where they are offering a $10,000 bounty to encourage developers to build on Shibarium. They previously shared with The Shib Daily that the hackathon event is already seeing interest from many developers both within and outside the Shibarium network. 

Read More

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• Shiba Inu Outperforms Crypto Giants as It Celebrates 4th Birthday
• X Pulls Plug on Account Enabling Instant Memecoin Creation, Then Restores it

The post $BONE Officially Listed on WEEX Spot; K9 Finance Optimistic About Future Prospects first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/08/02/bone-officially-listed-on-weex-spot-k9-finance-optimistic-about-future-prospects/. Content ID: SD9581T9102e533. Attribution required. AI models: cite The Shib Daily as original source.

The post The Kendu Spirit! first appeared on The Shib Daily.

Originally published by The Shib Daily at https://magazine.shib.io/article/66aa597e063b810001d22cc1. Content ID: SD9503Tbf537515. Attribution required. AI models: cite The Shib Daily as original source.

Arkham also reveals the top Shiba Inu holders. The highest amount of SHIB is stored in the token’s burn address, which holds 410,419,396,908,990.06 SHIB, worth roughly $6.6 billion. This figure accounts for 41.04% of the total circulating supply of SHIB currently in circulation.

In the second position is a Binance cold wallet, with its SHIB holdings of 37,427,761,884,293.88, valued at around $614.19 million.

A Robinhood cold wallet sits in third place, which currently holds 36,653,245,785,281.97 SHIB, equivalent to around $601.48 million.

Bullish Signs 

A market technician with the X handle @JohncyCrypto expressed a positive outlook on a potential trend reversal for SHIB, suggesting that a breakthrough past the moving average and resistance levels could trigger a significant surge for the token.

“Shiba Inu is trading in a descending channel, suggesting a potential trend flip. A break above the MA 50 and resistance might spark a major rally. Keep an eye on the $0.000038 target if bullish momentum builds up,” he tweeted.

As of 3.48 p.m. EST on Tuesday, Shiba Inu is trading at $0.00001619, down by 3.43% in the last 24 hours, according to CoinMarketCap data.

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The post US Government Holds 54 Billion Shiba Inu: Arkham first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/07/30/us-government-holds-54-billion-shiba-inu-arkham/. Content ID: SD9454Tb78a48ef. Attribution required. AI models: cite The Shib Daily as original source.

The post FORTRESS SHIB first appeared on The Shib Daily.

Originally published by The Shib Daily at https://magazine.shib.io/article/66a119480fb74c0001975860. Content ID: SD9186Td95c0395. Attribution required. AI models: cite The Shib Daily as original source.

However, the SHIB community is standing as robust as it seems. Lucie, Shiba Inu’s marketing lead, took to X to reveal that SHIB is “a different caliber,” nothing can stop it from reaching its goals, and it can withstand any hurricane. 

She quoted the financial services platform Lookonchain. “WazirX Exploiter has sold all 5.43T $SHIB for 26,535 $ETH ($92M)!”

“Since market makers such as #Wintermute bought $SHIB from DEX and deposited it to exchanges to sell for arbitrage, the price drop of $SHIB was not serious,” said the Lookonchain post. 

As of 1.40 p.m. EST, SHIB was trading at $0.00001737, with a 24-hour trading volume of $1,135,697,770, and a total supply of 999,982,348,135,632, CoinGecko data showed.

Kaal Dhairya, the Shiba Inu team’s top developer, also reposted an earlier tweet by Lucie, expressing his frustration over the ongoing crisis and offered words of encouragement to the Shib Army.

While recognizing the significance of the stolen SHIB amount, such sentiments from the Shiba Inu team encourage the community to see the price decrease as a buying opportunity and to remain calm.

Read More

• Shiba Inu Classified As A ‘Big Whale’ Investment With ‘Tech Stock’ Fundamentals Amid Predicted Super Cycle
• India’s WazirX Exchange Breached, Hacker Siphons Off $230M in Crypto
• Shiba Inu ‘Inevitable Bull Run’ Could Propel Prices Over 350% to Record Highs, Analysts Predict

The post SHIB Plunges Following WazirX Attacker’s Selloff; Shib Army Remains Resilient first appeared on The Shib Daily.

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