Buy Shido [OLD] (SHIDO)
What is Shido?
Shido (SHIDO) is a decentralised Layer 1 blockchain and DeFi ecosystem built on the Cosmos network. It combines the interoperability of Cosmos, the development capabilities of EVM and WASM, and a Proof-of-Stake (PoS) consensus mechanism. Shido offers infinite scalability, high transaction speeds, and low fees, aiming to revolutionise the DeFi landscape with advanced blockchain technology.
How does Shido work?
Shido operates on the Cosmos network, leveraging the following key components:
- Interoperability: Supports seamless interaction between Cosmos, EVM, and WASM ecosystems.
- Consensus Mechanism: Utilises the Tendermint Consensus Engine, a PoS-based protocol for fast and secure transactions.
- Smart Contract Compatibility: Enables developers to deploy smart contracts using EVM and WASM technologies.
- Sustainability: Implements a carbon-neutral program to minimise environmental impact.
Shido also integrates a comprehensive suite of applications, including a DeFi wallet, DEX platform, and governance tools.
What are the potential use cases for Shido?
Shido offers a wide range of applications across the DeFi and blockchain space:
- DeFi Aggregator: Combines cross-chain swaps, liquidity protocols, and perpetual trading on the Shido DEX Platform.
- Multi-Chain Wallet: The Shido App provides a non-custodial crypto wallet for managing assets across chains.
- Crypto Debit Card: The Shido DeFi Card allows users to spend crypto worldwide.
- Staking and Delegation: Enables users to earn rewards by participating in network security.
- Play-to-Earn Gaming: Features games like Shido Ball and Shido Ninja.
- Governance: Offers decentralised governance through community voting mechanisms.
These use cases extend Shido’s utility across industries such as DeFi, gaming, financial services, and blockchain technology.
What is the history of Shido?
Shido was founded by Bjorn Bonnevier, who serves as the CEO, with contributions from a dedicated team of industry professionals:
- Einar M: COO & CFO.
- Adem Yazid: Head of Development.
- Cyborg M: Head of Growth.
Key milestones in Shido’s journey include:
- Launch on Binance Smart Chain (BSC): Establishing its initial presence on a major blockchain.
- Expansion to Ethereum: Integration via an ETH-Bridge to enhance cross-chain compatibility.
- Development of the Shido Network: Transition to its native Layer 1 blockchain.
- Launch of Shido DeFi Tools: Introduction of the Shido DEX Platform and Shido DeFi Card.
- Sustainability Initiatives: Implementation of a carbon-neutral program to align with eco-friendly blockchain goals.
Shido has also partnered with notable organisations, including AWS, Alchemy Pay, and BNB Chain, solidifying its position as a growing blockchain ecosystem.
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Frequently Asked Questions (FAQs)
What is the current price of Shido [OLD] (SHIDO)?
The Shido [OLD] price is $0.000001449972 AUD, representing a +0.36% from the day prior.
Where is the best place to buy Shido [OLD] (SHIDO) in Australia?
The best place to buy Shido [OLD] (SHIDO) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Shido [OLD] (SHIDO) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Shido [OLD] (SHIDO)?
The trading volume of Shido [OLD] (SHIDO) is $2 AUD in the last 24hrs, representing a +0.36% from the day prior.
How can I buy Shido [OLD] (SHIDO)?
Shido [OLD] (SHIDO) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Shido [OLD] (SHIDO)?
The current market cap of Shido [OLD] (SHIDO) is $0 AUD.
Can I convert Shido [OLD] (SHIDO) to cash?
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How many Shido [OLD] (SHIDO) are there?
The current circulating supply of Shido [OLD] (SHIDO) is 0.
Is Coinstash a safe place to buy Shido [OLD] (SHIDO) in Australia?
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