Shido

Shido (SHIDO) is a cryptocurrency that has undergone significant changes and developments throughout its history. Initially, there was an older version of the token, known as Shido [Old], which has since been replaced by a new version, Shido [New].

Shido [New] is part of a DeFi ecosystem built around the Shido Chain, Shido DeFi Platform, and Shido Wallet. It operates as a decentralized Layer 1 blockchain, leveraging the Cosmos network for infinite scalability and interoperability. The platform utilizes the Tendermint Consensus Engine and deflationary tokenomics, which burns transaction fees to maintain a stable and efficient network.

Shido's architecture allows for seamless communication and joint liquidity with other prominent ecosystems in the industry. This enables the platform to support the transaction needs of millions of users. The token has seen significant price fluctuations, with predictions indicating potential growth in the future.

Despite the changes and updates, Shido remains a decentralized peer-to-peer network with no intermediary or centralized authority. It offers an open-source platform with easy-to-use APIs and a custom-built web-based wallet, making it accessible to users without requiring installations.

Shido (SHIDO) is a Layer 1 Proof-of-Stake (PoS) blockchain network that offers exceptional speed and limitless scalability. It is designed to provide seamless interoperability with other prominent blockchain networks like Cosmos and Ethereum, allowing developers to choose their preferred environment. Here's a detailed overview of how Shido works:

1. Interoperability: Shido combines the interoperability of Cosmos, the development power of EVM (Ethereum Virtual Machine), and WASM (WebAssembly). This allows developers to build without limits, leveraging the strengths of each ecosystem.

2. Proof-of-Stake Consensus: Shido uses a Proof-of-Stake consensus mechanism, which is energy-efficient and environmentally friendly. This mechanism ensures the network is secure and fast, with a time to finality of just 900 milliseconds.

3. Scalability: Shido boasts infinite scalability, making it suitable for large-scale applications. It can handle up to 10,000 transactions per second (TPS), significantly faster than many other blockchain networks.

4. Tokenomics: The SHIDO token is the native token of the Shido ecosystem. It is deployed on both Ethereum and Binance Smart Chain (BSC) and serves as a governance and utility token for all DeFi utilities within the ecosystem. Profits from DeFi products are used for token buy-backs, which can positively impact the token's value.

5. DeFi Utilities: Shido offers a comprehensive suite of DeFi utilities, including the Shido Chain, Shido Exchange, Shido Wallet, Shido Card VISA, Shido Perpetuals, Shido NFT Marketplace, and Shido Games. These utilities generate revenue independently, which is then reinvested into the ecosystem through buy-backs and burns.

6. Security: Shido prioritizes security with fully audited smart contracts and a liquidity pool securely locked for 100 years. This ensures the network is safe and appealing for investors.

SHIDO tokens can be purchased on the MEXC exchange. To buy SHIDO tokens, follow these steps:

• Log in to your MEXC account and navigate to the "Trade" section.
• Search for "SHIDO" and select the desired trading pair (e.g., SHIDO/USDT).
• Enter the amount of SHIDO you want to buy and choose your preferred order type (Limit, Market, or Stop-limit).
• Confirm your order, and the purchased SHIDO will be reflected in your Spot Wallet.

The Shido ecosystem is constantly evolving, with new utilities and platforms being launched regularly. The development team is actively working on various projects, including Shido Scan, Shido Labs, and Shido Card. Shido Card, for instance, is a debit card and banking service that allows users to spend crypto and fiat currencies seamlessly.

Shido is a climate-neutral blockchain, with a zero-carbon footprint. The network's Validator Nodes run alongside a Carbon Neutral Program, which ensures that Shido does not impact the environment. This is achieved through reforestation efforts in partnership with OneTreePlanted.org.

In summary, Shido is a robust and scalable blockchain network that offers a wide range of DeFi utilities and prioritizes security and environmental sustainability. Its interoperability with other prominent blockchain networks makes it an attractive option for developers and investors alike.

The token Shido (SHIDO) has several strengths that make it an attractive investment opportunity:

1. Strong Community: Shido (New) boasts a vibrant and rapidly expanding community with over 100,000 members across various social media platforms, indicating a strong support base for the project.

2. Versatile Utility: SHIDO tokens offer a range of applications within the Shido (New) ecosystem, including transaction fees, governance participation, staking, and farming. This diverse utility enhances the token's value and functionality.

3. Clear Roadmap: Shido (New) has a clear and ambitious roadmap, outlining plans to introduce new products and features in the future. This roadmap provides a sense of direction and potential for growth.

4. Experienced Team: The Shido (New) team is composed of seasoned professionals with a proven track record in the blockchain industry, ensuring that the project is in capable hands.

5. Technical Strength: InvestorsObserver gives Shido (New) an average short-term technical score of 60, indicating that it has traded better than 60% of tokens based on recent trading patterns. This suggests that the token has a strong technical foundation.

These strengths collectively contribute to the potential of Shido (SHIDO) as a promising investment opportunity.

Shido (SHIDO) is a cryptocurrency project that carries several financial risks. One significant risk is the potential for smart contract vulnerabilities, as demonstrated by the exploit on its Ethereum-based staking contract, which resulted in a 94% drop in the token's value within 30 minutes. This highlights the importance of rigorous testing and the use of formal verification tools to ensure the correctness of smart contracts.

Another risk is market volatility, as the token's value can fluctuate dramatically due to various market and technical factors. This volatility can lead to significant losses for investors. Additionally, the project relies on emerging technologies such as Ethereum and Binance Smart Chain, which can be subject to increased risks due to their decentralized nature.

Furthermore, Shido's terms of service explicitly state that the project is not responsible for any losses or damages associated with these risks, and users are expected to be financially and technically sophisticated enough to understand the inherent risks of using cryptographic and blockchain-based systems.

InvestorsObserver has also given Shido a high risk rating due to its susceptibility to manipulation by limited trading, as measured by the amount of money required to move the price over a 24-hour period and recent changes in volume and market cap. This rating underscores the potential for significant price fluctuations and the need for caution when investing in SHIDO.

Overall, investing in Shido carries a range of financial risks, including smart contract vulnerabilities, market volatility, and the potential for significant losses due to the project's reliance on emerging technologies and decentralized systems.

Here is the team behind the crypto Shido (SHIDO):

• Bjorn Bonnevier: CEO & Founder
• Einar M: COO & CFO
• Adem Yazid: Head of Development
• Cyborg: Head of Growth
• Ardit: Business Development
• Tom Young: Head of Applications
• Vasil Stoyanov: Project Manager
• Vladimir Ic: Project Manager
• Hasu Capital: Lead Advisor
• Covey Network: Lead Advisor
• Queen: Community Manager
• Tahil Sharma: Blockchain Lead
• Vashi Yazin: System Architect
• Marco Saini: Development Lead
• +11 Team Members: Developers.