Shiba Inu Inspired Token, Shibnobi, aims to be the Meme Currency to Transform DeFi Trading

Vinod Dsouza
Shibnobi Token

Shiba Inu has sprung up lots of dog-themed cryptos in the market and the latest addition to its offspring is Shibnobi token. The key purpose of Shobnobi’s launch is to transform the DeFi trading segment by introducing a multi-chain swap.

The multi-chain swap includes (DojoSwap) across Ethereum (ETH), Binance (BNB), and Polygon (MATIC). Shibnobi is focused in creating a user-friendly multi-chain swap that integrates to the DeFi ecosystem. The team aims it to be a one-stop-shop for all traders on EVM-compatible networks.

However, reports state that several Shiba Inu investors have jumped on the Shibnobi bandwagon in the hopes of gaining good results. Meme-tokens are all the rage in 2021 and defied all expectations by shooting up profoundly and rewarding early investors with fistful of dollars.

Investors believe that making an early entry position in meme-tokens can bring better fortunes after it reaches the mainstream audience. The token is available at a low price and is affordable for investors to buy bag loads of coins into their portfolio.

Investors can also stake their holdings in the liquidity pool and earn growing rewards simultaneously. The liquidity providers also have an option to stake their LP tokens in secured pools and gain additional rewards concurrently. However, the rewards come with a 13% tax. Shibnobi also has an option of instant-staking to earn passive income through reflections.

Shibnobi : The Future Path

The future is promising for Shibnobi and the token could deliver the desired results if the team implement on their promises. Ideas need to be turned into reality and lots of work needs to be done.

The DeFi market has stiff competition and existing tokens have already zoomed ahead in terms of development. On papers, everything sounds good but the team has to replicate the work in real world to gain results.

Shibnobi needs to navigate the competition and show investors that they mean business by delivering on their promises. Only then can the token penetrate the market and capture he attention of the larger sect of investors.

However, for those who believe that Shibnobi will deliver the desired results by any means necessary, the token is a good buy.

Moreover, meme-tokens and metaverse has delivered good results and can do well in the next bull run. Reports state that the next bull run could see metaverse and meme-tokens dominate the crypto charts.

There is heavy funding flown into meme-tokens and metaverse tokens. In the last 7-days, Dogecoin, Shiba Inu, and Dogelon Mars saw its trading volume spike as whales picked them up.

Shibnobi has an added advantage in the market and the team must utilize the opportunity for their betterment.