Shiba Inu (SHIB) has witnessed a significant price decline since last year’s peak. As of this writing, the trading price of the dog-themed memecoin is $0.00001263.

With such a pessimistic market situation, the release of Shiba Eternity on the blockchain may decide the mindset of SHIB investors.

Shiba Eternity is a blockchain-based card game themed around the meme coin. The game’s developer discussed the game at Gamescom 2022. Since its release on the IOS store one month ago, the game has been a huge success.

William Volk, an expert in the gaming industry, discusses Shiba Eternity at the aforementioned event. He praised the speed and functionality of the game.

When asked about the game’s IOS release, he responded:

“It was a lot more than that, but I didn’t want to sound like an ass. It was actually a 100-fold increase.

Image: Esports.net

Shiba Inu Game For ‘Sustainable Economy’

Shibarium, a layer 2 upgrade for meme coin, will be included in the forthcoming blockchain version of the game.

Supposedly, the improvement would make the coin more environmentally friendly. Volk also acknowledged this upgrade, praising the chief developer of Shiba Inu, Shytoshi Kusama.

“It will be a sustainable economy,” Volk said of the L2 upgrade, “regardless of the price of cryptocurrencies.”

SHIB’s high transaction fees can also be attributed to its heavy use of the Ethereum network. The fees for using the Ethereum network would be reduced with the proposed upgrade.

More Robust Shiba Inu Economy With ‘Eternity’

When Shibarium is added to the game, it may lead to a more stable Shiba Inu economy with cheaper transaction costs. Investors’ morale might improve as a result of this as well.

There may be less selling pressure on SHIB now that the blockchain version of the game and Shibarium have been officially announced for release.

The meme coin may already be experiencing this. Positive investor mood and purchasing pressure appear to be supporting a price range of $0.00001230 to $0.00001270.

The likes of coincodex and nomics, among other analytical tools, also forecast significantly higher prices. SHIB’s future may be healthy despite the current negative and volatile market.

The industry of crypto gaming is just getting started now. The very strong purchasing pressure and investor sentiments can either be made or broken by this initial push into a relatively young sub-industry in gaming.

SHIB total market cap at $6.8 billion on the daily chart | Source: TradingView.com

Featured image from Techno Pixel, chart from TradingView.com

London, UK, Aug. 29, 2021 (GLOBE NEWSWIRE) — Cardaswap, a blockchain-powered market maker on the Cardano protocol is proud to announce its platform offering variety of advantages. Since the inception of Cardano and its token $ADA, the project has gained massive traction; thus, attracting the attention of crypto investors within the past few days.

This popularity may not be unconnected with the upcoming Alonzo hard fork and the successful launching of Alonzo Purple. This development will usher in Cardano’s smart contracts in September.

What is Cardaswap?

Cardaswap is a blockchain-powered market maker on the Cardano protocol. Cardaswap’s monetization and transaction features are developed on the AMM protocol, which allows liquidity providers to pool in their funds and Cardano Blockchain Assets to the pool, so that others can easily exchange their tokens. Subscribers will in turn pay a fee to enjoy the liquidity. Also, the vendors will earn their initial capital back.

Native Token Of Cardaswap

Cardaswap has a native utility currency with the symbol “$CADA.”

Token holders will be able to purchase goods and services on the Cardaswap protocol, pay less fees, and save money. $CADA holders will also be able to stake LP tokens to farm $CADA. That’s not all; token holders can stake their $CADA tokens to participate in exclusive airdrops and carry out transactions in a wide range of multi-assets, including ADA and other custom tokens.

Yield Farming Program

Yield Farming was introduced as a reward program in the decentralized finance space. Yield Farming is a token distribution method for a DeFi project after tokens have been minted. Yield Farming is also similar to crypto mining, meaning that the distribution process is regulated by smart contracts. Smart contracts guarantee an increase in the circulating supply with time.

The Vision and Goals Ahead

The team at Cardaswap intends to launch the Automated Market Maker (AMM) at the end of the third quarter of 2021. Once they successfully launch the AMM, Cardaswap will become the first DEX on the Cardano blockchain. The team will then list the token on big exchanges like Huobi, GATE, and MXC.

Story continues

Plans are also in place for the team to launch the Cardaswap NFT marketplace in December. The Cardaswap NFT marketplace will enable digital content creators to mint and trade their collectibles to make passive income. You can visit the Cardaswap official website and enrol for the TGE to test the functionality of Cardaswap Exchange before the scheduled launch.

Cardaswap will enable users to stake LP tokens and earn $CADA, earn swap fees, and trade tokens on the Cardano blockchain. The project will also grant you access to a public NFT marketplace on Cardano blockchain, as well as access to Cardapad, the world’s first IDO launchpad on Cardano blockchain.

Users can expect more features on the Cardaswap protocol as the network continues to grow and gain traction. Users will find the new features helpful, as it will be a shift from the traditional order-book arrangement that has bedeviled centralized exchanges.

About Cardaswap

Cardaswap is similar to Ethereum’s Uniswap, in that it is also a decentralized exchange. However, unlike Uniswap, Cardaswap runs on Cardano Blockchain. The cardaswap.finance ecosystem is managed by a Cayman Island-based association. The association is a team of experienced and knowledgeable blockchain experts with vast years of experience in the Fintech industry.

When the ecosystem gains traction, a decentralized autonomous organization (DAO) will then steer and govern the protocol. Cardaswap is a first-of-its-kind decentralized project that’s designed for the Cardano protocol. Users can earn, swap, and build on the Cardano blockchain. Cardaswap allows crypto enthusiasts to trade any native token for ADA on the Cardano blockchain.

Social links

Twitter: https://twitter.com/cardaswap

Medium: https://cardaswap.medium.com/

Telegram: https://cardaswap.finance/

Media contact

Company: Cardaswap
Contact Name: Cardaswap
E-mail: hello@cardaswap.finance
Website: https://cardaswap.finance/

London, UK, Aug. 29, 2021 (GLOBE NEWSWIRE) — Cardaswap, a blockchain-powered market maker on the Cardano protocol is proud to announce its platform offering variety of advantages. Since the inception of Cardano and its token $ADA, the project has gained massive traction; thus, attracting the attention of crypto investors within the past few days.

This popularity may not be unconnected with the upcoming Alonzo hard fork and the successful launching of Alonzo Purple. This development will usher in Cardano’s smart contracts in September.

What is Cardaswap?

Cardaswap is a blockchain-powered market maker on the Cardano protocol. Cardaswap’s monetization and transaction features are developed on the AMM protocol, which allows liquidity providers to pool in their funds and Cardano Blockchain Assets to the pool, so that others can easily exchange their tokens. Subscribers will in turn pay a fee to enjoy the liquidity. Also, the vendors will earn their initial capital back.

Native Token Of Cardaswap

Cardaswap has a native utility currency with the symbol “$CADA.”

Token holders will be able to purchase goods and services on the Cardaswap protocol, pay less fees, and save money. $CADA holders will also be able to stake LP tokens to farm $CADA. That’s not all; token holders can stake their $CADA tokens to participate in exclusive airdrops and carry out transactions in a wide range of multi-assets, including ADA and other custom tokens.

Yield Farming Program

Yield Farming was introduced as a reward program in the decentralized finance space. Yield Farming is a token distribution method for a DeFi project after tokens have been minted. Yield Farming is also similar to crypto mining, meaning that the distribution process is regulated by smart contracts. Smart contracts guarantee an increase in the circulating supply with time.

The Vision and Goals Ahead

The team at Cardaswap intends to launch the Automated Market Maker (AMM) at the end of the third quarter of 2021. Once they successfully launch the AMM, Cardaswap will become the first DEX on the Cardano blockchain. The team will then list the token on big exchanges like Huobi, GATE, and MXC.

Plans are also in place for the team to launch the Cardaswap NFT marketplace in December. The Cardaswap NFT marketplace will enable digital content creators to mint and trade their collectibles to make passive income. You can visit the Cardaswap official website and enrol for the TGE to test the functionality of Cardaswap Exchange before the scheduled launch.

Cardaswap will enable users to stake LP tokens and earn $CADA, earn swap fees, and trade tokens on the Cardano blockchain. The project will also grant you access to a public NFT marketplace on Cardano blockchain, as well as access to Cardapad, the world’s first IDO launchpad on Cardano blockchain.

Users can expect more features on the Cardaswap protocol as the network continues to grow and gain traction. Users will find the new features helpful, as it will be a shift from the traditional order-book arrangement that has bedeviled centralized exchanges.

About Cardaswap

Cardaswap is similar to Ethereum’s Uniswap, in that it is also a decentralized exchange. However, unlike Uniswap, Cardaswap runs on Cardano Blockchain. The cardaswap.finance ecosystem is managed by a Cayman Island-based association. The association is a team of experienced and knowledgeable blockchain experts with vast years of experience in the Fintech industry.

When the ecosystem gains traction, a decentralized autonomous organization (DAO) will then steer and govern the protocol. Cardaswap is a first-of-its-kind decentralized project that’s designed for the Cardano protocol. Users can earn, swap, and build on the Cardano blockchain. Cardaswap allows crypto enthusiasts to trade any native token for ADA on the Cardano blockchain.

Social links

Twitter: https://twitter.com/cardaswap

Medium: https://cardaswap.medium.com/

Telegram: https://cardaswap.finance/

Media contact

Company: Cardaswap
Contact Name: Cardaswap
E-mail: hello@cardaswap.finance
Website: https://cardaswap.finance/