Full details on the December 3rd launch plans.
- Shibance Inu launches a new token on December 3rd, 3 pm, UTC.
- $WOOF holders bridge tokens 1:1 on the website at launch.
- The bridge will be available as long as possible for everyone to swap tokens and when we decide to remove the function from the site.
- The new token launch location and pairing will be announced from official Shibance Inu channels — primarily Telegram.
- $CUPCAKE holders will be airdropped the new token sometime after launch, as soon as possible.
- Post-launch current $WOOF emissions will be turned off meaning rewards will stop. So, bridging to the new token will be the only way to get rewards and then buy the new token.
- You will need to break LP and un-stake all $WOOF in order to bridge.
- Launch price will be determined by our algorithm at launch as a measure to prevent botting, no one knows this until launch, but it should be very close to WOOF — however, due to the volatility of a new launch, price will move rapidly. Hence why WOOF holders benefit by holding/buying to get ahead of launch. There will be some opportunities at launch still to get some great prices, so it should be exciting…Similarly, total circulating supply will be finalised with the launch of the new contract — this will account for cupcake airdrops and woof swap as well as liquidity reservations and marketing funds.
How to bridge.
We will add a new button to the website which will allow you to submit your $WOOF tokens and swap them for the new token direct to your wallet.
- You will need to add the new token contract address to your wallet in order to view your tokens.
- All this will be available at launch.
Launch farming and staking.
Prices may be volatile at launch, particularly on the farms which launch with no added liquidity. Small buys/sells can significantly affect price so please check the price you’re trading at carefully. When you’re adding liquidity, double-check the price you’re adding at is close to the market price on other exchanges.
If you don’t care and think long term don’t worry, but for short-term price movement we want to make you aware that price may vary a lot during this initial period so be aware that this will exacerbate impermanent loss initially.
Over time this will balance out.
APY will vary tremendously initially as investors, stake and un-stake so do not be concerned if this number rapidly changes, you will get a better idea of long-term APY once everyone has had a chance to buy and deposit their tokens where it is best.
Hunt around the platform for some juicy APY if a pool is empty. Sometimes not many investors own a coin pair for farming or may not yet all be in one of the pounds. So this is a good opportunity to get in first and absorb those initial gains.
Some may even buy extra in order to collect the high rewards from an empty pool then move funds around at a later date. An extra bonus to this can be a boost to rewards and total wallet value from forcing yourself to buy more early on before more investors join in the fun.
How can I stake the new token?
You can stake your $newtoken on the “DoggyPound” page by clicking on the little “+” sign after approving the contract, choosing the amount you want to stake and confirm.
How to stake
i. Go to the staking pools page.
ii. Select the pool you would like to use.
iii. Click on “Approve Token”, then confirm the transaction in your wallet
iv. Click on the “+” button.
v. Confirm how many tokens you would like to deposit, then confirm the transaction in your wallet.
vi. Done! You are now staking the tokens and earning other tokens!
What is the difference between Staking and Farming?
Staking in the Doggy Pound and farming in our Yield Farms are both ways to earn more $newtoken.
Staking only needs some $new token to be added to the Doggy Pound to earn more $newtoken or other tokens.
Farming is more complicated and needs Liquidity Pool (LP) tokens to be staked to earn $newtoken.
How do I farm $newtoken?
By creating an LP pairing on pancake swap for example you would add a 50:50 split of one token to another and then add that the farm on Shibance Inu in order to gain the farming emissions.
How to Yield farm
i. Go to the Shibance Inu farm.
ii. Connect your Binance Smart Chain Wallet (top-right hand corner)
iii. Pick which farm you want to use.
iv. Go to the exchange page and click “Add Liquidity”.
i. Go to the exchange here: xxx.Shibance.exchange.com
ii. Connect your BSC wallet by clicking “Connect” on the right corner of the webpage.
iii. Select the tokens you wish to trade and enter the amount.
iv. Verify that details are correct and click “Swap”
v. A pop-up with the summary of your trade will appear. Check the details before clicking “Confirm Swap”.
vi. A verification window will pop up on your wallet extension. Confirm the transaction.
vii. Trade completed! You can click “View on bscscan” to see your transaction details.
v. Select the tokens to add — You need to provide them in a 50/50 ratio vs USD value.
vi. Click “Supply” once you have decided the amount of liquidity to provide.
vii. Check the details, click “Confirm Supply” and then confirm the transaction in your wallet.
viii. You now have liquidity tokens. Next, go back to the farm page here.
ix. Click “Approve Contract” on the farm you want to use and then confirm the transaction in your wallet.
x. Click the “Stake LP” button to stake your liquidity tokens.
xi. Enter the number of liquidity tokens you want to stake and click “Confirm”, then confirm the transaction in your wallet.
xii. Done! Now you are farming. You can harvest them at any time by pressing “Harvest”.
What about impermanent loss?
Please read this guide — https://academy.binance.com/en/articles/impermanent-loss-explained
In short, if one half of your pair goes up by 20% and the other doesn’t you have lost 20% of your initial value, as the difference between the two pairs pricing is now a 20% gap.
So, when you go to break the LP what you will receive back is a 20% reduction in value on one of your pairs.
However, if both pairs go up together, one by 10% the other by 20%, your impermanent loss is only 10% as that is the difference between the two.
The reason many are not worried about the impermanent loss is that if you can make a large percentage of gains from farming, the impermanent loss can be easily outweighed by the gains.
i.e — if you are making 300% returns on your farming, but the impermanent loss drops or rises by 50%, when you go to break your LP, although you will need to take a 50% hit to your initial investment, over the time you have been farming you have gained 300%, therefore, your total profit is still 250% (as an oversimplified example).
This for many can outweigh single asset staking (SAS) like the DoggyPound and is why we offer both options.
In many cases, farming can often be more lucrative as there is more perceived risk. But allows you to create an investment chain where rewards from farming can either be reinvested as more LP or put into SAS.
Farming LP adds to the liquidity of the project and will protect your investment to allow easy trading, therefore rewards are generally greater than SAS.
Why is my transaction failing?
Check the TX on https://bscscan.com/ If it says “burn amount exceeds balance” you forgot to un-stake your $newtoken. If there is any other message it might be a problem within Binance Smart Chain (BSC), please try increasing the transfer fees to 20 GWEI 200,000 Gas limit.
When will you open more pools?
New Pools will be added to Shibance Inu after undergoing a vigorous vetting process. There will always be an announcement before the launch of these new pools.
Join our Telegram group to learn about new Pools as early as possible.
Why does it say I have no BNB balance?
If you’ve already transferred BNB into your Binance Smart Chain-enabled wallet but still have this error, you’re most likely not connected to Binance Smart Chain within your wallet. Check your wallet’s selected network and make sure you have Binance Smart Chain (BSC) selected.
What is the max supply of SHIBANCE INU?
$newtoken does not have a maximum supply. The circulating supply is managed through built-in burning and regular burning events.
Where can I check the Analytics?
You can check the analytics of Shibance Inu by clicking on the “Analytics” tab on the top menu. This will be available shortly after launch.