Since its launch in August 2020, Shiba Inu has gained widespread attention and interest in the crypto community, in part due to its similarities with an earlier meme coin behemoth: Dogecoin. From its early days during its presale to today, Shiba Inu’s ecosystem has grown to include several tokens, a dedicated decentralized exchange named Shibaswap, and more recently the launch of its very own layer 2 blockchain dubbed Shibarium. In the midst of Shiba Inu’s success, several new tokens such as ApeMax are emerging and gaining a greater share of the spotlight.
Next Shiba Inu | Could ApeMax Be The Next Shiba Inu? An In-Depth Analysis Of The 2023 Crypto Presale
Shiba Inu (SHIB) conducted a presale as part of its initial token distribution strategy and in order to build its early community in 2020.
Shiba Inu
Shiba Inu
As Shiba Inu continues to be a meme coin of great focus in the crypto ecosystem, another new younger coin is gathering steam: ApeMax. In this in-depth piece, we will discuss the similarities and points of divergence between Shiba Inu and ApeMax , and pose the question: could ApeMax be the next heir to the Shiba Inu throne?
Shiba Inu and ApeMax similarities: Both cryptocurrencies started from a presale
Shiba Inu (SHIB) conducted a presale as part of its initial token distribution strategy and in order to build its early community in 2020. ApeMax is also starting its debut with an exclusive presale open for a limited time to eligible buyers. Therefore, these 2 hot meme coins, Shiba Inu and ApeMax, both find their early origins in crypto presales. Although Shiba Inu’s presale has been over for quite some time now, the ApeMax presale is currently ongoing, and could be a great opportunity to learn more about this phenomenal new token.
Shiba Inu and ApeMax: Both Meme Coins with a twist
Shiba Inu and ApeMax are both tokens with distinct tokenomics. A significant portion of Shiba Inu tokens are in locked liquidity pools, and the token is infamous for its massive burn events. The Shiba Inu burn mechanism works by sending a portion of the SHIB tokens to a null or dead wallet, thus removing them from market circulation. Shiba Inu also counts other tokens beyond SHIB, which include their BONE governance token, as well as their LEASH staking rewards token.
Although ApeMax and Shiba Inu are both meme coins, their tokenomics and utility differ greatly. ApeMax is the world’s first “boost-to-earn” token. The boost mechanism enables ApeMax token holders to stake their coins on their preferred staking entities, and in doing so they take part in boosting them and can earn more ApeMax coins in the process. This revolutionary take on staking introduced via ApeMax boosting is an innovative and fresh system which sets ApeMax’s tokenomics apart from the rest. Moreover, ApeMax is also a limited supply token.
What is Boost to Earn and How does it work? How is it different from SHIB Staking?
Boost to Earn is a new mechanism introduced by the innovative new cryptocurrency ApeMax . Via the decentralized ApeMax staking protocol, ApeMax token holders can stake on or “boost” their preferred entities, from their favorite Web2 or Web3 heroes, influencers, and more, and possibly earn rewards in the process.?
ApeMax staking is easy to take part in thanks to a simple and user-friendly staking interface. Moreover, ApeMax holders can start taking part in the staking immediately after they buy their ApeMax token, as unlike other presale coins, ApeMax buyers get instant access to and custody of their ApeMax coins on chain, even during the presale phase. Moreover, as ApeMax is a BEP20 token on the Binance Smart chain, staking gas fees are minimal and the process is highly frictionless. Furthermore, ApeMax staking does not have high minimums, long mandatory lock up periods, or other complex constraints.
Shiba Inu staking on the other hand typically involves connecting your Ethereum wallet to the ShibaSwap platform. Once connected, you choose a staking pool, such as SHIB, LEASH, or BONE, and specify the amount of SHIB tokens you want to stake. After confirming the transaction, you start earning rewards in the form of more SHIB tokens or other tokens associated with the selected pool. Staked tokens can usually be unstaked at any time, and rewards can be claimed periodically.
The Shiba Inu and ApeMax mascots: 2 very different animals
Shiba Inu chose its mascot, the Shiba Inu dog breed, as a playful nod to the popular Dogecoin (DOGE), another meme-based cryptocurrency. This choice was intended to create a connection with the Dogecoin community and capitalize on the meme coin trend. By associating with a well-known internet meme and leveraging its cute and recognizable mascot, Shiba Inu aimed to generate interest and engagement among crypto enthusiasts.
On the other hand, ApeMax sought to stand out in the ever growing sea of Doge derivatives and Doge inspired coin brands. The ApeMax mascot is Max, a cartoon space faring astronaut ape often spotted riding on top of rockets, unicorns, or in other fun and space themed settings. Max’s dream is to reach the moon and stars, a symbol of the crypto space’s optimism and sense of innovation. Both ApeMax and Shiba Inu have opted for playful and fun loving animal characters, highlighting the lighthearted and fun components of these tokens
How to buy ApeMax or Shiba Inu?
ApeMax tokens can be purchased at presale on the official ApeMax website by eligible buyers. In order to purchase ApeMax tokens, simply connect your crypto wallet (EVM wallets such as Metamask) and proceed with your purchase. ApeMax tokens can be purchased using a wide range of cryptocurrencies including Ethereum, BNB, USDT, USDC, BUSD, and Polygon Matic. Once purchased, your ApeMax tokens will be sent directly to your wallet and buyers are immediately custodial over their own ApeMax coins, something which isn't usually the case with most presale coins. This is particularly good in that there is no need for complex claim systems down the line, and the instant custody means that ApeMax?buyers can instantly start taking part in the fun boost-to-earn staking.
As Shiba Inu is a coin listed on several exchanges, it can be purchased either by connecting and using a EVM wallet to a decentralized exchange such as Uniswap, or via a reliable and compliant centralized exchange of your choice. It’s important to remember to conduct thorough research, exercise caution, and only spend what you can afford to lose when buying any cryptocurrency, as all crypto coins carry risks and can be highly volatile.
What is Shiba Inu? What are the components of the Shiba Inu Ecosystem?
Shiba Inu (SHIB) is a cryptocurrency project that started as a meme coin inspired by the Shiba Inu dog breed and the popularity of Dogecoin (DOGE). The Shiba Inu ecosystem includes several components:
- SHIB Token: SHIB is the native cryptocurrency token of the Shiba Inu ecosystem. It serves as the primary utility token for various purposes within the ecosystem.
- ShibaSwap: ShibaSwap is a decentralized exchange (DEX) built on the Ethereum blockchain. It allows Shiba Inu holders to swap tokens, provide liquidity to earn rewards, and stake tokens in different pools.
- Leash Token: Leash (LEASH) is another cryptocurrency token within the Shiba Inu ecosystem. It has numerous use cases including staking related ones.
- Bone Token: Bone (BONE) is a governance token introduced to the Shiba Inu ecosystem. Holders of Bone have the ability to participate in governance decisions and proposals.
- NFTs: The SHIBOSHIS, an exclusive collection of 10,000 Non-Fungible Tokens (NFTS), represents a unique, randomly-generated pixel art Shiba avatar that lives on the blockchain.
ApeMax on the other hand has one token ApeMax coin, now available for purchase at the ApeMax presale on their official website for a limited time and open to eligible buyers. If you’re looking for a fresh and interesting new meme coin with something unique, look no further than ApeMax.
What’s new and exciting about ApeMax crypto?
Presenting some thrilling news:
- ApeMax's presale is making waves in the cryptocurrency space.
- ApeMax holders have already staked a sizable batch of ApeMax coins
- ApeMax's security audit has been completed satisfactorily.
The magic of ApeMax: What makes it so exceptional?
- Immediate Coin Ownership: Upon purchase, ApeMax coin buyers immediately secure control and custody of their tokens, streamlining processes but also enabling them to make use of their tokens and start enjoying the fun boost-to-earn feature.
- Immediate Staking Kickoff: ApeMax holders can start taking part in the Boosting staking right away, initiating reward opportunities from the start, even within the presale.
- Budget-friendly Operations: ApeMax is powered by the Binance Smart Chain (BSC), leading to cost-effective transactions with low gas and hassle-free processes.
- A New Dawn for Web3 Tokens: ApeMax initiates a fresh epoch, with inventive staking approaches for those seeking something new and fresh in the crypto realm.
The ApeMax presale: A crypto event not to be missed.
Limited-Time ApeMax Presale : Eligible purchasers have a thrilling window to secure ApeMax coins at presale rates, with the special inclusion of staking right from the presale inception. ApeMax is truly an uncommon new crypto gem.
How high has Shiba Inu’s growth been over the years?
Shiba Inu has been one of the fastest growing crypto coins in recent years. This can be explained in part by the fact that the token launched slightly before the previous bull run, and that its price and popularity soared in 2021 during the massive growth during the crypto bull market phase.
Shiba Inu’s price opened near $0.00000002 in early March 2021, and quickly climbed to $0.00003469 during its first sharp peak in May of the same year. From March 2021 to its height in late October 2021 during the last crypto bull run, Shiba Inu's coin price increased from $0.00000002 to $0.00007924, or by over 396,000% which is by all accounts a meteoric growth spur. That being said, since the end of the bull market cycle, Shiba Inu’s price has dropped by almost tenfold to today’s new market rate.?
It is undeniable that Shiba Inu has witnessed meteoric growth in the past, that being said it's impossible to know if this growth can be repeated or whether this was a unique incident that took place due to heightened demand at a time when the crypto market experienced unprecedented levels of growth. Moreover, despite its past growth phases, Shiba Inu, like many other meme coins, has also undergone very high levels of volatility, with its price dropping quickly in a short time span towards the start of the ongoing crypto winter or bear market.
What does the future of Shiba Inu look like?
One of the main areas of focus of the Shiba Inu ecosystem today and in the near future seems to be the deployment of their layer 2 scaling network Shibarium. The goal of Shibarium, as postulated by Shib’s creator Ryoshi, is to provide the Shiba community with a lower cost blockchain solution which would allow for more scalability while reducing friction linked to high gas costs. As we continue to monitor the latest developments surrounding Shiba Inu and the Shibarium L2, we will get a better understanding of how this new scaling solution will fit with Shiba Inu’s greater ecosystem in the coming months and years.
In the realm of cryptocurrencies, it's essential to prioritize thorough research and exercise prudence before diving in. Seek advice from unbiased experts and cultivate a deep awareness of potential risks before taking any steps. Remember that each cryptocurrency presents its distinct risks, so never buy more than you can comfortably afford to lose. The cryptocurrency market is notorious for its volatility. Additionally, please note that ApeMax tokens are not accessible for purchase by individuals residing in countries listed as ineligible. This list includes nations like the USA, Canada, those under sanctions, and several other restricted regions. Refer to the official ApeMax website for a comprehensive list of restricted countries and eligibility requirements.
Disclaimer: The above is a sponsored post, the views expressed are those of the sponsor/author and do not represent the stand and views of Outlook Editorial.
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