Shabushabu Finance: The Future of Exchanges is Here
With the introduction of cryptocurrencies into our day to day life, as an alternative to more traditional methods of exchange such as cash or credit cards, we stand to benefit a lot, such as; confidentiality and ease of transactions, easier international trade, a viable form of investment and also, it's flexibility makes it more adaptable.
As exciting as all these sound, there are still some downsides when it comes to the use of cryptocurrencies. On the one hand, there have been numerous accounts of cryptocurrencies such as Bitcoins having yielded viable results from investments. On the other, there's a school of thought which sees the crypto space as a financial medium for fraudsters, terrorists, and criminals, especially given their reputation from dealings on the dark web, and other financial scams.
Meaning, the need and importance of security in cryptocurrency cannot be over emphasized, as cryptos are expected to move into the mainstream and become completely global. With the recent surge in the attempts to acquire cryptocurrency through illegal means such as phishing, scamming, a supply chain or hacking, the measures put in place to prevent such attempts need to be updated.
Various crypto exchange platforms have sprung up with the intent of not just curbing this illegal means of acquiring cryptocurrencies, but also provide a secure enough environment for swapping large amount of cryptocurrencies without encountering any problem, but not all have been able to meet that standard, and not all have been successful.
However, there is one which shows great potential, and that is the one we will be discussing.
Introducing Shabu Shabu Finance
Shabu Shabu Finance is a trustless decentralized exchange platform, for swapping cryptocurrencies from the smallest to the biggest volume possibly imagined, all done with the best security measures put in place. Shabushabu is a fork of Sushiswap and YFII.
With the use of multisig wallets for deals or transactions, the platform gains full control over the deal process and can prevent any unauthorized access to the funds owned by a user.
Security measures have been put in place by the platform to ensure that funds are only moved or transferred to the address provided by the dealing party, eliminating any form of misappropriate transaction. This measure also serves as a fail safe in the case of a hack or even private key compromise as the platform can still operate reliably without any need for serious concern.
The platform supports the use of many cryptocurrencies including: AMPL and ETH, KOBE, USDT (Omni protocol) and ERC20 tokens, and is also institutional investor friendly as the requirement for KYC and Source of funds is optional.
This platform differs from other traditional exchange platforms in the sense that there were no FundRaising, no Seed, VC or Private Round Investors, no Pre-mined Tokens, fair token distribution though Yield Farming.
Another significant difference is the multisig wallet, created between party and platform which gives sole control of the deal process to the platform. This puts it in direct contrast with other basic crypto OTC which have direct access to users funds, creating a typical scenario of juxtaposition.
More About The Platform
The platform also offers staking benefits where one has the chance to earn more. A user with the intent of making use of this platform to stake one cryptocurrency for another, goes to the website, https://shabushabu.finance/ using Chrome or Firefox, make sure that the Metamask plug-in is installed on your browser, connect to your MetaMask; Click on “My Wallet” to connect with your Metamask wallet give/sign “Authorization”: Select which pool you want to stake your Uni-V2 LP tokens in, and click “Approve” to give authorization through your Metamask wallet. To stake your Token, Click on “Stake” and input the amount of tokens you want to stake, then click “Confirm” to complete the process.
To Harvest/Claim your KOBE, click “Harvest” or “Harvest and Unstake” and you will receive KOBE rewards in your MetaMask Wallet. The KOBE token has a maximum supply of 54,000,000 and is divided among 4 mining pools.
In the future, KOBE token holders will have the power to vote on mining rules and mining pools.
25% of KOBE mined by the community will be reserved for project developments, future exchange listings, smart contract audits and community incentives. 10% will be used for Business Developments & Partnerships, 5% will be used for Exchange Listings, 5% will be used for Smart Contracts & Codes Audits, 5% will be used for Community Incentives.
After all is said and done, Community stakeholders will vote for the direction of the project and how to spend community incentives.
The platform supports Bitcoin-like blockchains through integration with Gurda’s wallet browser extension and Guarda web wallet, and also Ethereum blockchain through integration with Gurda and Metamask wallets browser plugin, as well as MyEtherWallet.
Summary
This is a community owned project created for the community, and run by the community. The Shabushabu platform with it's amazing and distinguishing features, will provide a forum where users will not only feel safe while performing transactions, but also be able to perform them while dealing with large amounts of digital assets.
If patronized, the Shabushabu platform will, in addition to acting as a safe haven, end the trepidation towards cryptocurrency.
Useful Links
Website: https://shabushabu.finance/
Telegram: http://t.me/ShabuShabufinance
Twitter: https://mobile.twitter.com/shabufinance
Medium: https://medium.com/@shabushabu
Author's Details
Telegram: @DeeProfessor
Wallet Address: 0x404A82d888c623170DD108CE2784640D4101EB93