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The Most-Anticipated Shiba Inu’s Shibarium Documentation Goes Live

Shiba Inu, the popular meme-inspired cryptocurrency, has released the long-awaited documentation for its decentralized exchange platform, Shibarium. The announcement was made by the Shiba Inu team on their official Twitter account, stating that the documentation is now live on the Shibarium website.

Shiba Inu lead developer Shytoshi Kusama was the first to disclose this in a Telegram message to the community yesterday. In separate messages, he noted that it took the team a lot of effort to produce the documentation, asserting they had many 16-hour work days this week.

According to the developer, there would be edits to correct any observed typos and omissions, particularly to add that the Unification Foundation provided the oracle used. 

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Shibarium Documentation is Now Live

According to the Shibarium documentation, the platform will have several key features, including limit and market orders, liquidity pools, and staking rewards. The platform will also have a governance token, SHIBA, which will give users voting rights on important decisions related to the platform.

The release of the Shibarium documentation has been highly anticipated by the Shiba Inu community, as it marks a significant step forward for the project. With Shibarium, Shiba Inu aims to establish itself as a major player in the world of decentralized finance (DeFi), a rapidly growing sector in the cryptocurrency industry.

The Shiba Inu team has also stated that they are currently working on integrating Shibarium with other popular DeFi platforms, such as Uniswap and SushiSwap. This integration will allow users to trade Shiba Inu tokens on these platforms, as well as benefit from the liquidity provided by these platforms.

“The docs are ever-evolving, guys and gals,” the developer surmised.

Meanwhile, Kusama has teased that developers have more surprises in store for the community. Detailing the next steps, the developer said there would be further tests and iterations of the testnet. The team would also work to send out individual responses to the over 5,000 responses received on the Shibarium intake form. However, Kusama says there would be “one more announcement” before the latter happens.

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Facts about Shibarium

The Shiba Inu team has also stated that they are currently working on integrating Shibarium with other popular DeFi platforms, such as Uniswap and SushiSwap. This integration will allow users to trade Shiba Inu tokens on these platforms, as well as benefit from the liquidity provided by these platforms.

Shibarium is a decentralized exchange platform built on the Ethereum blockchain, specifically designed for trading Shiba Inu tokens and other ERC-20 tokens. The platform aims to provide a user-friendly and secure trading experience for its users, while also allowing them to benefit from low fees and fast transaction times.

 

The document noted that the cost per transaction on Shibarium is touted as being 10,000 times cheaper than Ethereum. Notably, fees on the network are split into base and priority fees. 

However, Shiba Inu’s Shibarium Testnet Chain ID was officially been changed yesterday as reported by cryptolifedigital. The new Chain ID is now 1137. This change was made to ensure that the Shibarium Testnet remains secure and stable.


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