SHIB is officially listed on Ouyi OKEx, can it become the next Dogecoin
After Dogecoin, another cute pet token that has been "connected" with Musk has also become popular.
On May 8, Ouyi OKEx officially launched SHIB (Chinese name Chai Dog Coin/shit coin), becoming the first leading platform in the industry to open SHIB transactions. According to the market, SHIB rose by 298% at the opening of the day.
To celebrate the launch of SHIB, OKEx also jointly launched the "SHIB PK DOGE, Dog King Contest" event in conjunction with the SHIB and DOGE communities. Users can recharge, trade and guess and vote to draw scarce cards and win 1 bitcoin + 10 iPhone12 .
In fact, SHIB has been listed on Uniswap and some second- and third-tier exchanges before, and has a high degree of attention in the encryption community. After landing on OKEx, there are more and more discussions in the industry about whether SHIB can become the next Dogecoin.
secondary title
SHIB: The Dogecoin Killer?
According to the official introduction, SHIB is an experiment in decentralized community building, and it is also the first token to be launched on ShibaSwap, a decentralized exchange, as an incentive. The English full name of the token is SHIBA INU, nicknamed DOGECOIN KILLER (DOGECOIN KILLER).
From the inception of the project, prominent figures in the Telegram community formed a leadership group with the aim of assigning skills within the community to appropriate roles in SHIB's development and agreeing on future decisions for SHIB. Anyone with resources, technology or time can spontaneously contribute to the development, development and promotion of SHIB.
It is worth noting that from the first day of SHIB's launch, the founders and the team will not pre-allocate any tokens, and can only purchase them in the market like community users. According to the official statement, everyone is equal in front of SHIB, and everything starts from scratch.
· SHIB Token
SHIB is an ERC-20 token, issued on February 1, 2021, with a total supply of 1,000 trillion pieces, 50% of which are locked in Uniswap, and the remaining 50% are directly destroyed to the V God address.
Since there is no private placement or public placement in this project, anyone can only buy SHIB in the secondary market. According to Feixiaohao’s statistics, SHIB has been listed on more than 30 exchanges, with an increase of more than 100 times in the past 30 days, and as high as 156 times in the past 3 months.
According to Etherscan statistics, as of press time, there have been 555,000 transfers on the SHIB chain, and nearly 160,000 currency-holding addresses. If users of centralized exchanges are considered, SHIB holders have exceeded 200,000 at least.
·Other products
According to the official introduction, the project focuses on building an ecosystem around the decentralized exchange ShibaSwap. In addition to issuing the governance token SHIB, two other tokens will be released: LEASH (dog leash) and BONE (dog bone).
LEASH: Originally set to be a rebase token pegged to the price of Dogecoin. It has been fully released and will not be rebased. With a total circulation of only 100,000 tokens, it has the opposite characteristics of SHIB with a larger supply, offering special rewards to those who provide liquidity.
BONE: is the upcoming next token, Shiba Inu Bone, taking the power of DeFi to the next level. How to acquire BONE tokens, token economics and incentives will be revealed when ShibaSwap is revealed.
·Community situation
SHIB has a relatively high community base and activity, with 66,000 Twitter followers and over 73,000 Telegram members. Due to the increasing attention of the project, the size of the SHIB community continues to expand.
·Celebrity effect
Since March this year, Musk has mentioned "SHIba" on Twitter many times. In view of the fact that the skyrocketing Dogecoin is largely due to the "bringing goods" from Musk, many investors in the currency circle regard SHIB as the next Dogecoin.
In addition to Musk, Jordan Belfort, the protagonist of the movie "The Wolf of Wall Street", also publicly supported SHIB on Twitter.
In China, Xue Manzi, a well-known angel investor, also publicly advocated for SHIB. He not only stated on Weibo that he had joined the SHIB team, but also posted a photo of V God and the project party together.
SHIB PK DOGE, who is the real dog?
From the perspective of project characteristics, SHIB does have many similarities with Dogecoin, such as complete decentralization, huge circulation, and celebrities shouting orders, etc.
In terms of market value, Dogecoin is $90.593 billion, and SHIB is $5.66 billion, accounting for only 6% of Dogecoin. Considering that it has only been 3 months since its release, SHIB can achieve such a result, which proves its popularity in the market.
Under the mood of Fomo, more and more insiders are discussing whether SHIB can become the next Dogecoin. Ouyi OKEx launched the "SHIB PK DOGE, Dog King Competition" activity for this purpose. Users can recharge transactions and guess and vote to draw scarce cards and win 1 bitcoin + 10 iPhone12.
It has to be said that this activity of Ouyi OKEx is in the hands of users. It not only provides everyone with the opportunity to vote publicly, but also prepares generous prizes, which can be said to serve multiple purposes. So how do you get involved?
According to the official announcement, this event will last until May 15. During this period, Ouyi OKEx users can participate in the "community voting" and "trading voting" of the Dog King Contest: SHIB PK DOGE, voting"dongle king"。
Each user can vote up to 3 votes in total. After the event ends, the final number of votes will be calculated based on the sum of the community and transaction voting results. Users who have completed all the votes will be eligible for 3 rare card draws to share 1 BTC and 10 iPhone12 prizes. The specific activities are as follows:
1. Community voting and transaction voting
1. Community voting:
During the event, OKEx users can directly participate in the community voting of the Dog King Contest, and each person can vote for 1 vote.
2. Transaction voting:
During the event, OKEx users who recharge from external addresses, trade SHB or DOGE are deemed to participate"trade vote", each person can cast 2 votes:
1) Vote for SHIB: Net deposit no less than 50 USDT equivalent SHIB from an external address to Ouyi OKEx, count 1 vote; participate in SHIB transactions with a transaction amount of no less than 200 USDT, count 1 vote;
2) Vote for DOGE: net deposit from an external address of not less than 50 USDT equivalent to DOGE, count as 1 vote; participate in DOGE transactions with a transaction amount of not less than 200 USDT, count as 1 vote;
3) If the user participates in the recharge and transaction of DOGE or SHB at the same time, the currency that is recharged or traded for the first time during the activity period will get votes.
2. Rare cards in the Dog King Contest
Users who complete the community and transaction voting can get up to 3 times of rare card lottery qualifications for the King of Dogs Tournament.
1. During the activity period, users who participate in SHIB or DOGE net deposit activities will get 1 lucky draw opportunity if the net deposit amount reaches 50 USDT;
2. During the activity period, users who participate in SHIB or DOGE trading activities will get a lucky draw opportunity for every 200 USDT accumulated transaction amount (maximum 2 times can be accumulated).
According to the voting results, 1 BTC + 10 iPhone 12 will be given out by lottery from the lucky users who have collected all the cards:
1) If SHIB wins the final vote:
●The top 10 lucky users who are the first to collect Musk + rocket + SHIB gold cards will each be rewarded with an iPhone 12;
●The first 100 lucky users who collect the rocket + SHIB gold + SHIB silver cards will share 1 BTC equally.
2) If DOGE wins the final vote:
●The top 10 lucky users who are the first to collect the Musk+Rocket+DOGE gold cards will each be rewarded with an iPhone12;
epilogue
epilogue
According to CoinGecko statistics, Dogecoin has increased by more than 260 times in the past year, while SHIB has soared 100 times in the past 30 days. Judging from the increase alone, SHIB may be expected to repeat the myth of Dogecoin.
As a participant in the encryption market, we are not only in a magnificent bull market, but also witness the great power of decentralization time and time again. If time could be turned back, the vast majority of investors who have lost track of Dogecoin will definitely get on the bus as soon as possible.
In fact, whether it is Dogecoin or SHIB, they are both representatives of the wave of decentralization. This event of OKEx does not put the two on opposite sides, but allows users to learn more about them, participate in and feel the power of decentralization of greatness.
In view of the low participation threshold and rich prizes of this event, it is estimated that a large number of users will participate in it. How will Dogecoin and SHIB perform then? worth looking forward to.
