SHABUSHABU FINANCE — AN EXCHANGE WITH INNOVATIVE OPPORTUNITIES
Our world is no doubt experiencing speedy innovative changes in all aspects of endeavors. Discoveries and adoption of modified versions of things are on the increase today.
The financial market is experiencing an innovative development which started in 2008 AD by Satoshi Nakamoto. Bitcoin, the first Cryptocurrency came into existence to serve as an alternative to fiat currencies. Considering the stress in transactions when using fiat of different origins, there was a great need to adopt the work of blockchain technology.
Most virtual currencies are not controlled by National Governments, they exist outside the bounds of State Monetary Policy. They fix the problems of involving middlemen while transacting with persons or firms from different countries across the globe.
There are numerous cryptocurrencies in circulation other than those widely known such as Bitcoin, Ethereum, USDT, etc. One would imagine if an individual with other crypto assets wouldn't trade or transact alongside with others?
Here comes the need for an Exchange.
Crypto Exchanges are platforms where crypto assets can be bought, sold, swapped, etc. Some of them are centralized while others are decentralized. It is of importance that we look briefly into each class mentioned above, most especially, their incapacitations.
Centralized Exchanges CEX's are faced with the problems of:
Centralized Control of Crypto Assets:
The ordeal of price manipulation by the central body is detrimental to investors as they're not given the option or opportunity to exercise authority over their investments. They are to go by any decision taken by the central body.
Inadequate Security:
Most customers' private information is stored in one digital location. It's very dangerous for an Exchange of this kind to experience illegal penetrations by hackers, because private information will be exposed to untrusted fellows and assets of investors will be done away with.
High Transaction Fees:
As earlier stated, any centralized firm exchanging crypto assets is prone to charge high fees for any transaction taking place on its platform.
On the other hand, Decentralized Exchanges (DEX's) are created to fix the shortfalls of centralized Exchanges stated above.
However, some Decentralized Exchanges are faced with the difficulty of providing high transaction speed needed in any ecosystem to curtail time wasting. Low liquidity also affects trading expectations of traders. Low liquidity is associated with few options of crypto assets while trading, and this automatically makes some Exchanges boring and not attractive.
After scaling through a few challenges of both CEX's and DEX'S, I'm proud to introduce to you, a one-stop solution project to the flaws - Shabushabu Finance.
Shabushabu Finance is a fork of Sushiswap and YFII. It's a project created with the good of investors in mind, the community runs the project. It's blockchain technology - innovative, decentralized and full of utilities needed to meet the world class standard of a good crypto project.
-No Fundraising
-No Seed, VC or Private Round Investors
-No Pre-mined Tokens
-Fair token distribution though Yield Farming.
Community stakeholders will determine the direction of the project through voting and governance. There are more about Shabushabu Finance, useful links are provided at the bottom of this article for more information.
SHABUSHABU TOKEN YIELD FARMING:
The project's token is an ERC-20 token - KOBE is listed and traded on Uniswap (https://info.uniswap.org/pair/0x0d4a11d5eeaac28ec3f61d100daf4d40471f1852). Since the ecosystem is really concerned about how easy an investor can access KOBE, it will be listed on other Exchanges as the project is growing.
Max KOBE Supply: 54,000,000
KOBE is divided among 4 mining pools:
Pool 1: Farming Rewards ~13,500,000 KOBE
Pool 2: Farming Rewards ~ 9,000,000 KOBE
Pool 3: Farming Rewards ~ 9,000,000 KOBE
Pool 4: Farming Rewards ~ 9,000,000 KOBE
In the future the KOBE token holders will vote on mining rules and mining pools.
25% of KOBE mined by the community will be reserved for project developments, future exchange listings, smart contract audits and community incentives.
10% — Business Developments & Partnerships
5% — Exchange Listings
5% — Smart Contracts & Codes Audits
5% — Community Incentives
Earn KOBE by staking UNI-V2(ETH/USDT) on shabushabu.finance website.
How to obtain USDT-ETH LP UNI-V2
-Providing Liquidity on USDT-ETH Pair on Uniswap:
1.Visit https://shabushabu.finance/ using Chrome or Firefox to visit our
website. Make sure that the Metamask plug-in is installed in your browser.
2. Connect to your MetaMask: Click on “My Wallet” to connect with your Metamask wallet.
3. Give/Sign “Authorization”: Select which pool you want to stake your Uni-V2 LP tokens in, and click “Approve” to give authorization through your Metamask wallet.
4. Stake Token: Click on “Stake” and input the amount of tokens you want to stake, then click “Confirm” to complete the process.
Conclusion:
Scam projects in the crypto space are much, one has to be careful not to be a victim of circumstance. It is the more reason good and trustworthy, effective and yielding project like Shabushabu Finance should be valued and upheld with high esteem.
Shabushabu Finance is a project made for you, it's a community project where customers are given full control over their assets. Staking and receiving of KOBE rewards is active, just connect to your MetaMask Wallet ( click on the medium page for direction on how to do this).
This Defi project is an opportunity not to be missed by anyone who has been looking for a genuine platform.
Useful Links:
Writer's Information:
Writer's Name: Francis Akpadiaha
Forum Username: Pope Francis
Forum Profile Link:
https://bitcointalk.org/index.php?action=profile;u=2753455
ETH Wallet Address:
0xEF89DC96d311196f181181e590A437e5d8b0b241
