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Right from the month of August 2020 when the Shiba Inu coin started lurking around the crypto markets till now, the coin has under the radar not until lately that it started being talked about. The Shiba coin is a decentralized cryptocurrency based on the Ethereum token; a token of the ERC-20 category starting out as research with an eye for creating a spontaneous decentralized community.
They are altogether showing their support for Ethereum by burning up the remaining of their tokens after putting away 50% of the coin in UniSwapDex as a way of honoring one of the founders of Ethereum – ButerinVitalik. This they did with the mind to make sure that the tokens received a fair distribution.
It has already swung into a fight with the Dogecoin as a result of the hype around it that it was created with the mind to eclipse the value of the Dogecoin. The creators actually owned up to this assertion when they were quizzed about why the Shiba coin is being nicknamed the Dogecoin Killer.
Read: Everything You Need to Know About Allium Finance ALM Token!
ALM Token Vs Shiba Coin
They made it known that ShibaSwap a Dex platform is already hosting the Shiba coin and its siblings under their crown jewel tokens namely: $LEASH – The one known as the Leash Dogecoin killer, the $SHIB which is the main Shiba coin, and the $BONE which they touted on their website to take the power of Defi to the next level altogether. All these three they’ve successfully listed on the ShibaSwapDex.
Meanwhile, on the 11th of May, 2021, OKex which is one of the leading cryptocurrency spot and derivatives exchange platforms, announced that they have also listed the SHIB on their network. They immediately opened deposits of SHIB over the weekend with the ability to trade it against USDT on their spot and perpetual swap markets with withdrawals being opened at 10:00 am UTC on May 10.
As it stands, many exchanges are also giving the SHIB a lot of attention. The supercharger is already working on featuring the SHIB token on their board. We are also learning that the exchange giant – Binance has taken it on board and even Huobi has also drafted it in. the puppy coin is really gradually growing into a giant hunting dog thanks to the big push the Asian traders are affording it.
Be that as it may, the hype surrounding the Shiba coin has been summarized as a mere social phenomenon instead of a real financial one by some crypto experts in some quarters. They say that it does not really have an unambiguous answer to its future and so may not worth the hype. This is a serious point of concern for investors to seriously take note of.
Well, in case the last paragraph shattered your expectations, you need not fret because the ALM has got your back. You are rightly covered by the ALM token. Oh yes,the ALM!
Just like the Shiba token, Allium Finance seeks to build a community. Allium Finance’s main drive is to build a community-driven and growth-focused decentralized open-sourced cryptocurrency.
Read: The Next Moon Token ALM is Here! Good to Buy?
Allium Finance Token
The Allium Finance token is a cryptocurrency running on the Binance Smart Chain (BSC) protocol embedded on the blockchain core of 0.10 x codebase. It makes use of a network of masternodes for openly decentralized control and increased transaction privacy with a view to hitting high liquidity pools and achieving more swift volumes of transactions within a limited time.
In case you need a brief refresher, masternodes are nodes that run the same wallet software on the same blockchain to provide extra services to the network which may include instant transactions, coin mixing for increased privacy of transactions, and decentralized control that makes available a decentralized budgeting system laden with an incontrovertible proposal and voting systems.
As a reward for the services offered, they also paymasternodes a certain portion of the reward for every individual block. This is a huge source of passive income to the masternode owners and this does not include their running cost.
After it was unveiled on the 4thday of May 2021 with the name Allium Finance, this token has surpassed expectations. It has hit a steady unparalleled rally. Its initial proof of work (POW) distribution phase that endedin the month of August 2016 coincided with DNET’s transition to the current proof of stake (POS) phase.
The ALM is the flagship token of Allium Finance. It has come with humongous promises as one of the tokens to take the crypto world by storm. There is a mammoth supply of 1,000,000,000,000,000 ALM already waiting to be dished out to the ALM enthusiasts.
A little peek at their website reveals the beautiful plan already on the ground for the disbursement of the tokens. The system will require a continuity of the liquidity it requires to be sustained.
25% of that available supply will go into that. 5% was mapped out formarketing purposes while 50% was set aside for the burn.Various milestones reached will see tokens burnt too.17.5% is chilling out for this purpose while a further2.5% goes to maintaining the team of experts of the Allium Finance project.
The ALM promises a lot to its mooning enthusiasts. They have an auto locking liquidity that makes sure that 7% of each transaction is locked for the liquidity forever.
You need to stay up to date. Just a blink and you might be late for the party or miss out entirely on the show. So, follow Allium Finance on social media from these handles:
Twitter: https://twitter.com/AlliumFinance
Website: https://allium.finance/
Telegram: https://t.me/alliumfinance
YouTube: tinyurl.com/3b63bd9y
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