No items found.

Shido

price
change

Discover Shido's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Shido?

Shido (SHIDO) is a decentralized Layer 1 blockchain and DeFi ecosystem built on the Cosmos network. It combines the interoperability of Cosmos, the development power of EVM and WASM, and a Proof-of-Stake consensus mechanism. The ecosystem includes a decentralized exchange (DEX), cross-chain swap, liquidity protocol, and perpetual DEX. Shido aims to provide infinite scalability, high transaction speeds, and low fees, making it suitable for millions of users. Additionally, it has a strong focus on environmental sustainability, ensuring a zero-carbon footprint through its carbon-neutral program.

How is Shido used?

Shido (SHIDO) is the native utility and governance token for the Shido decentralized layer 1 blockchain platform. It serves several purposes within the ecosystem:

  1. Staking: SHIDO tokens can be staked to earn a return, currently offering an annual percentage yield (APY) of 8%.
  2. Gas Fees: SHIDO is used to pay for transaction fees within the blockchain, similar to Ether on Ethereum.
  3. Governance: Holders of SHIDO tokens have voting power in the SHIDO DeFi DAO, allowing them to influence proposals on DAO management and blockchain protocol updates.
  4. Crypto Card: SHIDO tokens can be used to access liquidity and spend it at over 45 million merchants worldwide through the Shido Card, which offers zero fees on spending.
  5. Decentralized Exchange (DEX): SHIDO is part of the Shido DEX, a decentralized DeFi aggregator, cross-chain swap, liquidity protocol, and perpetual DEX.

These uses highlight the versatility and importance of the SHIDO token within the Shido ecosystem.

How do I store Shido?

To store Shido (SHIDO) tokens, you have several options:

  1. Trust Wallet: You can add Shido tokens to Trust Wallet by searching for them directly through the app's search function or by manually adding them using the token's contract address.

  2. Binance Wallet: You can also store your Shido tokens on Binance Wallet, which is a popular exchange wallet.

  3. Cold Wallet: For long-term storage, consider using a cold wallet, which is more secure than a hot wallet.

  1. Shido App: The Shido App is a secure non-custodial wallet that allows you to store, receive, and send cryptocurrency tokens. It also features an inbuilt Web3 browser.

  2. Other Crypto Wallets: You can store Shido tokens on other crypto wallets that support the token, such as Metamask, which is a popular Web3 wallet.

Remember to always follow best practices for securing your wallet and protecting your assets.

How to buy Shido?

To buy Shido (SHIDO) tokens, you can follow these steps:

Buying Shido from Centralized Exchanges (CEX)
  1. Register on a CEX:

    • Go to a centralized exchange like MEXC, Binance, or CoinCarp.
    • Create an account by providing the required information and verifying your identity.
    • Enable two-step verification for added security.
  2. Fund Your Account:

    • Deposit fiat currency using methods like credit cards, bank transfers, or third-party services like Simplex, Banxa, or Mercuryo.
    • Buy a stablecoin like USDT or a cryptocurrency like ETH or BNB using your deposited fiat.
  3. Transfer to a Shido-Supporting CEX:

  • If the CEX you used for depositing fiat does not support Shido trading, transfer your USDT, ETH, or BNB to a CEX that does support Shido trading.
  1. Buy Shido:
    • Use your transferred USDT, ETH, or BNB to buy Shido in the spot market.
Buying Shido from Decentralized Exchanges (DEX)
  1. Choose a DEX:

    • Select a decentralized exchange that supports Shido, such as Shido DEX or 1inch.
  2. Download and Set Up a Wallet:

    • Download a Web3 wallet like Metamask or an app wallet like Trust Wallet that is supported by the chosen DEX.
    • Create and set up a new wallet, taking note of your seed phrase and wallet address.
  3. Transfer ETH or BNB to Your Wallet:

  • Buy ETH or BNB using fiat on a CEX and transfer it to your wallet address.
  1. Connect to the DEX:

    • Connect your wallet to the DEX by clicking "Connect Wallet" and following the instructions.
  2. Swap for Shido:

    • Select the token you want to trade (ETH or BNB) and Shido as the token you want to acquire.
    • Enter the amount you want to trade and confirm the swap.
  3. Monitor Your Transaction:

  • Check the transaction details on the block explorer to ensure the swap is successful.

Remember to be cautious of scams and ensure you are using the official smart contract address for Shido.

Discover
Shido
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

History of Shido

Shido (SHIDO) is a cryptocurrency that has undergone significant changes and developments throughout its history. Initially, there was an older version of the token, known as Shido [Old], which has since been replaced by a new version, Shido [New].

Shido [New] is part of a DeFi ecosystem built around the Shido Chain, Shido DeFi Platform, and Shido Wallet. It operates as a decentralized Layer 1 blockchain, leveraging the Cosmos network for infinite scalability and interoperability. The platform utilizes the Tendermint Consensus Engine and deflationary tokenomics, which burns transaction fees to maintain a stable and efficient network.

Shido's architecture allows for seamless communication and joint liquidity with other prominent ecosystems in the industry. This enables the platform to support the transaction needs of millions of users. The token has seen significant price fluctuations, with predictions indicating potential growth in the future.

Despite the changes and updates, Shido remains a decentralized peer-to-peer network with no intermediary or centralized authority. It offers an open-source platform with easy-to-use APIs and a custom-built web-based wallet, making it accessible to users without requiring installations.

Discover
Shido
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

How Shido works

Shido (SHIDO) is a Layer 1 Proof-of-Stake (PoS) blockchain network that offers exceptional speed and limitless scalability. It is designed to provide seamless interoperability with other prominent blockchain networks like Cosmos and Ethereum, allowing developers to choose their preferred environment. Here's a detailed overview of how Shido works:

Key Features
  1. Interoperability: Shido combines the interoperability of Cosmos, the development power of EVM (Ethereum Virtual Machine), and WASM (WebAssembly). This allows developers to build without limits, leveraging the strengths of each ecosystem.

  2. Proof-of-Stake Consensus: Shido uses a Proof-of-Stake consensus mechanism, which is energy-efficient and environmentally friendly. This mechanism ensures the network is secure and fast, with a time to finality of just 900 milliseconds.

  3. Scalability: Shido boasts infinite scalability, making it suitable for large-scale applications. It can handle up to 10,000 transactions per second (TPS), significantly faster than many other blockchain networks.

  1. Tokenomics: The SHIDO token is the native token of the Shido ecosystem. It is deployed on both Ethereum and Binance Smart Chain (BSC) and serves as a governance and utility token for all DeFi utilities within the ecosystem. Profits from DeFi products are used for token buy-backs, which can positively impact the token's value.

  2. DeFi Utilities: Shido offers a comprehensive suite of DeFi utilities, including the Shido Chain, Shido Exchange, Shido Wallet, Shido Card VISA, Shido Perpetuals, Shido NFT Marketplace, and Shido Games. These utilities generate revenue independently, which is then reinvested into the ecosystem through buy-backs and burns.

  3. Security: Shido prioritizes security with fully audited smart contracts and a liquidity pool securely locked for 100 years. This ensures the network is safe and appealing for investors.

How to Buy SHIDO Tokens

SHIDO tokens can be purchased on the MEXC exchange. To buy SHIDO tokens, follow these steps:

  • Log in to your MEXC account and navigate to the "Trade" section.
  • Search for "SHIDO" and select the desired trading pair (e.g., SHIDO/USDT).
  • Enter the amount of SHIDO you want to buy and choose your preferred order type (Limit, Market, or Stop-limit).
  • Confirm your order, and the purchased SHIDO will be reflected in your Spot Wallet.
Shido Ecosystem

The Shido ecosystem is constantly evolving, with new utilities and platforms being launched regularly. The development team is actively working on various projects, including Shido Scan, Shido Labs, and Shido Card. Shido Card, for instance, is a debit card and banking service that allows users to spend crypto and fiat currencies seamlessly.

Environmental Impact

Shido is a climate-neutral blockchain, with a zero-carbon footprint. The network's Validator Nodes run alongside a Carbon Neutral Program, which ensures that Shido does not impact the environment. This is achieved through reforestation efforts in partnership with OneTreePlanted.org.

In summary, Shido is a robust and scalable blockchain network that offers a wide range of DeFi utilities and prioritizes security and environmental sustainability. Its interoperability with other prominent blockchain networks makes it an attractive option for developers and investors alike.

Discover
Shido
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Shido's strengths

The token Shido (SHIDO) has several strengths that make it an attractive investment opportunity:

  1. Strong Community: Shido (New) boasts a vibrant and rapidly expanding community with over 100,000 members across various social media platforms, indicating a strong support base for the project.

  2. Versatile Utility: SHIDO tokens offer a range of applications within the Shido (New) ecosystem, including transaction fees, governance participation, staking, and farming. This diverse utility enhances the token's value and functionality.

  3. Clear Roadmap: Shido (New) has a clear and ambitious roadmap, outlining plans to introduce new products and features in the future. This roadmap provides a sense of direction and potential for growth.

  1. Experienced Team: The Shido (New) team is composed of seasoned professionals with a proven track record in the blockchain industry, ensuring that the project is in capable hands.

  2. Technical Strength: InvestorsObserver gives Shido (New) an average short-term technical score of 60, indicating that it has traded better than 60% of tokens based on recent trading patterns. This suggests that the token has a strong technical foundation.

These strengths collectively contribute to the potential of Shido (SHIDO) as a promising investment opportunity.

Shido's risks

Shido (SHIDO) is a cryptocurrency project that carries several financial risks. One significant risk is the potential for smart contract vulnerabilities, as demonstrated by the exploit on its Ethereum-based staking contract, which resulted in a 94% drop in the token's value within 30 minutes. This highlights the importance of rigorous testing and the use of formal verification tools to ensure the correctness of smart contracts.

Another risk is market volatility, as the token's value can fluctuate dramatically due to various market and technical factors. This volatility can lead to significant losses for investors. Additionally, the project relies on emerging technologies such as Ethereum and Binance Smart Chain, which can be subject to increased risks due to their decentralized nature.

Furthermore, Shido's terms of service explicitly state that the project is not responsible for any losses or damages associated with these risks, and users are expected to be financially and technically sophisticated enough to understand the inherent risks of using cryptographic and blockchain-based systems.

InvestorsObserver has also given Shido a high risk rating due to its susceptibility to manipulation by limited trading, as measured by the amount of money required to move the price over a 24-hour period and recent changes in volume and market cap. This rating underscores the potential for significant price fluctuations and the need for caution when investing in SHIDO.

Overall, investing in Shido carries a range of financial risks, including smart contract vulnerabilities, market volatility, and the potential for significant losses due to the project's reliance on emerging technologies and decentralized systems.

Discover
Shido
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Did Shido raise funds?

Discover
Shido
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Shido's ecosystem

No items found.
No items found.
Discover
Shido
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Shido’s team

Here is the team behind the crypto Shido (SHIDO):

  • Bjorn Bonnevier: CEO & Founder
  • Einar M: COO & CFO
  • Adem Yazid: Head of Development
  • Cyborg: Head of Growth
  • Ardit: Business Development
  • Tom Young: Head of Applications
  • Vasil Stoyanov: Project Manager
  • Vladimir Ic: Project Manager
  • Hasu Capital: Lead Advisor
  • Covey Network: Lead Advisor
  • Queen: Community Manager
  • Tahil Sharma: Blockchain Lead
  • Vashi Yazin: System Architect
  • Marco Saini: Development Lead
  • +11 Team Members: Developers.

Whalee AI

The fundamental analysis assistant for crypto value investors.

Shido NEWS REPORT

Latest news

Want an analysis of Shido? Tell us on discord.

Similar tokens

Looks like we're missing similar tokens!
Help us improve!
Tell us what you think of this page and which features you would like to see next.
OPEN FORM