blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
Track Crypto
blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
blockchainreporter
Track Crypto
No Result
View All Result
Bitcoin
BTC
1d:
7d:
Ethereum
ETH
1d:
7d:
Polkadot
DOT
1d:
7d:
Solana
SOL
1d:
7d:
Ripple
XRP
1d:
7d:
Shiba INU
SHIB
1d:
7d:

Shibonk Ends the Week with Multichain Adoption

Kester Odero by Kester Odero
February 3, 2023 - 9:03 am
in blockchain news, altcoins news
0
shibonkcoin
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The Shibonk team has provided sneak peeks and indications to the community over the last week about Shibonk’s potential transition into a multichain currency. In a recent release, Shibonk announced that the company would be teaming with one of the major Bridge Solutions currently available to give the Shibonk Community a Bridge solution that is secure and easy to use.

Shibonk is officially turning into a Multi Chain asset ⛓️🪙

Full announcement: https://t.co/ABDwrnev9R@hey_wallet send 0.003 $SBONK to the first 2000 retweets and comments $Sol#HeyWallet #ETH #BSC #Ftm pic.twitter.com/DXJxFkXrS0

— SHIBONK $SBONK (@SHIBONKSOL) February 2, 2023

The Shibonk Token will be distributed over three additional blockchains within the next seven to fourteen days, which will result in the addition of around 2,500,000 new Active daily addresses that may interact with the Shibonk Token and its community.

What’s a Defi bridge, and what’s in it for Shibonk lovers?

Users can transport tokens swiftly and securely between two blockchains via a link called a crypto bridge. This bridge is a connection between the two blockchains. Tokens may be traded directly with one another over the bridge without the need to go through a third-party exchange or place faith in a centralized authority in the process. Because of this, trustless trading is possible, and users no longer have to worry about their assets being stolen or lost if an exchange is hacked.

There may be numerous advantages to be gained by integrating Shibonk into several blockchains. These advantages include better cross-chain interoperability, better accessibility, and scalability, hardening against difficulties arising from a single point of failure, and improved security. Users can more readily access marketplaces on other networks because of the ability to shift assets across different blockchains. In addition, making an asset accessible on several chains paves the way for increased acceptance among the user base, contributing to increased scalability and growth. Shibonk will become more robust and user-accessible due to using the power of several blockchains.

What next?

Once it has been implemented on all three new blockchains, Shibonk will be added to three new exchanges. These exchanges are PancakeSwap, Uniswap, and SpookySwap. Because of this, Shibonk will be exposed to 106 times the amount of TVL it is exposed to on Solana Network, despite being only listed on Raydium and orca.

The team says that the cross-chain option for $SBONK will have a direct effect on overall growth, both in a Community sense and a Commercial sense, due to the massive rise in exposure to Volume, Tvl, and social position that will occur as a result of the implementation of the solution.

Tags: AltcoinsBlockchainCryptocurrencyEthereumSolana
ShareTweet
Kester Odero

Kester Odero

Kester is a Kenyan citizen currently based in the country’s capital Nairobi who studied at KCA university, also based in Nairobi, Kenya.His Passion as a writer led him to freelance news writing in his early school years. Kester likes to talk about blockchain and is keen on generating plagiarism-free work. Kester also writes on general world news and other emerging niches and research in the crypto world and the world's economy.Kester is focused on creating high-quality and highly optimized content. In line with this, he has specialized in emerging blockchain news technical analysis and price predictions. BestHe is dedicated to giving the best quality services and focused on delivering work during the required time.

Recommended For You

Boli and PARSIQ Collaborate to Boost Maldives’ Digital Landscape with Blockchain Technology

by Mushu Butt
March 29, 2023 - 2:00 pm
0
parsiq

Boli and PARSIQ join forces to boost the digital transformation of Maldives’ tourism and public sectors by using the power of blockchain technology.

Read more

The Network Corporation and TUSD Collaborate, to Offer Real-Time Attestation Services

by Umair Younas
March 29, 2023 - 12:28 pm
0
trueusd the network firm

The head of marketing for TUSD asserted that the company is confident in its capacity to stay in front of the curve.

Read more

KuCoin Community Chain Launches Its Exclusive Upgrade KCC V1.3.0 on Testnet

by Umair Younas
March 29, 2023 - 9:54 am
0
kucoin community chain

Along with declaring the upgrade, KuCoin Community Chain persuaded the entirety of the KCC community to take part in the testing.

Read more

Burger King Hints at Accepting Dogecoin Payments: Is Mainstream Adoption Near?

by Mushu Butt
March 29, 2023 - 9:19 am
0
dogecoin price prediction

In a recent tweet, Burger King hints at accepting Dogecoin as a form of payment. Discover what exactly is happening and what it could mean for Doge.

Read more

Gameta and CHILL Join Forces to Expand Services in Web3

by Umair Younas
March 28, 2023 - 1:26 pm
0
gameta chill

Through this collaboration, Gameta and CHILL will be able to expand their product and service offerings in the Web3 ecosystem.

Read more
Next Post
Binance

Binance Joins Hong Kong Police Department to Confront Cybercrime

PARTNERS LIST

  • sp

PRESS RELEASE

BlogxqmUpIrVtq

OKX to Open Office in Australia

by chainwire
March 29, 2023 - 10:56 am
0

MELBOURNE, AUSTRALIA, 29th March, 2023, ChainwireBrand Ambassadors Daniel Ricciardo, Scotty James, and McLaren F1 driver Oscar Piastri join event at...

MetaverseStockWyFdFOXZEH

Metacade raises over $14.7M as presale set to close in 72 hours

by chainwire
March 29, 2023 - 7:42 am
0

London, UK, 29th March, 2023, ChainwireMetacade, one of the most exciting GameFi ventures of 2023, has now raised over $14.7m...

logoredscaled

TMRW Conference Announces Dates and Location for Its Second Belgrade Edition

by Max Clark
March 28, 2023 - 8:55 am
0

The largest emerging tech event in Europe TMRW conference brings the latest trends in AI, blockchain, metaverse and gaming.

WinklesFlamSeasonPromoImagehxiZRNWFL

Sphynx Ink and OpenSea Partner for “Winkles & Flam” Digital Collectibles

by chainwire
March 27, 2023 - 2:34 pm
0

Toronto, Canada, 27th March, 2023, ChainwireWinkles & Flam™, the ‘Cosplaying Canadian Kitties™,’ are the First Original Cartoon Duo of the...

n

BlockchainReporter is a trusted name in the cryptocurrency and blockchain technology news space, keeping its readers abreast of the latest and most significant trends in the industry.

Here at BlockchainReporter, our team of global writers is dedicated to providing price analysis on leading cryptocurrencies and covering the latest developments pertaining to bitcoin news, altcoins news, blockchain news, NFT news and cryptocurrency adoption news from around the world.

News

  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • Adoption
  • NFT
  • DeFi
  • Metaverse

Info

  • Education
  • Glossary
  • Market
  • Press Release

Company

  • About Us
  • Terms & Conditions
  • Advertise
  • Sitemap
  • Contact

@2022 – Blockchainreporter.net. All Right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise

@2023 - Blockchainreporter.net. All Right Reserved.