To kick issues off, we’ll begin by exploring the Shido ecosystem and blockchain. This gives you an outline of the community’s present state, which may be useful in assessing the worth of the SHIDO token. We’ll additionally cowl on-chain analytics of the SHIDO token utilizing Moralis Cash – the industry-leading on-chain buying and selling indicator.
Lastly, to high issues off, we’re additionally going to point out you the way to discover the following 100x crypto utilizing Moralis Cash. For a sneak peek, right here’s a fast demo exhibiting you the way simple it’s to seek out new thrilling cash with one in every of Moralis Cash’s premade filters:
![](https://academy.moralis.io/wp-content/uploads/2023/06/Shido-Blockchain-GIF-1.gif)
Exploring the Shido Ecosystem and SHIDO Token
Shido is a strong ecosystem with distinguished decentralized finance (DeFi) utility. It was initially launched on the BNB Good Chain (BSC) through a small and quiet launch. In accordance with their web site, there have been no pre-sales or non-public gross sales, and all tokens have been allotted to the liquidity pool.
![Blue background with white "Shido blockchain" title](https://academy.moralis.io/wp-content/uploads/2023/06/Shido-Blockchain-Logo.jpg)
In April 2022, Shido additionally launched on the Ethereum community, together with an ETH bridge. This growth to Ethereum opened the likelihood for brand spanking new traders and paved the best way for Shido’s cross-chain ecosystem.
Shido is trying to launch a number of DeFi platforms and utilities in 2023. Every utility will generate income independently. Moreover, as an alternative of the income going into wallets, the income will probably be used for growth and buy-backs of the native $SHIDO token. Nonetheless, the Shido ecosystem options a number of platforms and utilities. Some examples are the Shido blockchain, Shido DEX, Shido Pockets, and Shido Card. Within the sections beneath, we’ll dive deeper into the Shido ecosystem and discover these merchandise briefly, beginning with the Shido blockchain!
What’s Shido Blockchain?
The Shido blockchain is a decentralized sharded L1 proof-of-stake (PoS) community. It combines the ability of Ethereum Digital Machine (EVM) and the interoperability of Cosmos, letting builders select the setting of their selection.
![Official Shido banner stating: "Build on Shido - Use Shido Blockchain combining the interoperability of Cosmos and power of EVM."](https://academy.moralis.io/wp-content/uploads/2023/06/Shido-Blockchain.png)
The structure of the Shido blockchain gives countless scalability and free worth sharing between Shido and different distinguished ecosystems throughout the {industry}. And it’s all powered by the Tendermint consensus engine.
Moreover, listed below are 4 core options of the Shido blockchain:
- Interoperability: Shido is a decentralized L1 blockchain within the Cosmos community. The chain is suitable with the IBC protocol, connecting Shido to over 30 different blockchain networks.
- EVM-Compatibility: The Shido blockchain is EVM-compatible, making it congruent with all EVM chains, together with the Ethereum mainnet. Furthermore, Shido can be suitable with EVM toolings equivalent to MetaMask, Remix, and so on.
- Infinite Scalability: The Shido blockchain encompasses a modular design and is scalable by nature. Their scalability capabilities span each vertically and horizontally. In accordance with the web site, it might probably scale up at any given time.
- Carbon Impartial: Shido is a carbon-neutral blockchain community. The validator nodes run parallel alongside their carbon-neutral program, guaranteeing that the Shido blockchain doesn’t negatively impression the setting.
Past the Shido Blockchain – Different Shido Merchandise
The Shido ecosystem spans past its blockchain community, and beneath, you’ll discover three further merchandise:
Shido DEX
The Shido DEX is a gateway to the world of decentralized finance (DeFi), and it encompasses a DeFi aggregator, liquidity protocol, perpetual DEX, and cross-chain swap:
- DeFi Aggregator & Cross-Chain Swap: Via the Shido DEX’s DeFi aggregator, it is doable to commerce 1000’s of various tokens. With the cross-chain swap, customers can seamlessly swap belongings between chains.
- Swimming pools, Staking, and Yield Framing: By way of the Shido DEX liquidity protocol, customers can put their belongings to work by offering liquidity to featured liquidity swimming pools.
- Restrict Orders: With the Shido DEX gasoline free restrict protocol, it is doable to position restrict orders for fastened costs in swaps. Customers can even put a cease loss on their orders by setting a value upfront.
- Perpetual DEX: The perpetual DEX presents deep liquidity and as much as 200x leverage on crypto belongings on BSC and Ethereum.
Shido Pockets
Shido Pockets is a non-custodial decentralized Web3 pockets used for purchasing, storing, sending, and swapping cryptocurrencies and NFTs. It has the next three featured:
- Fiat On-Ramp and Off-Ramp: With Shido Pockets, customers can purchase tons of of crypto instantly with their card and deposit fund straight to their financial institution.
- NFT Assist: It’s doable to retailer and look at NFT collectibles in Shido Pockets.
- Customized Web3 Browser: Customers can discover the Web3 world by the Shido Pockets’s built-in customized browser.
Shido Card
The Shido Card & Financial institution is a debit card and banking service out there on the Shido web site and Shido Pockets. It has 4 core options:
- Spend Crypto: Customers can promote, purchase, and ship crypto with out pre-conversions.
- Spend Fiat: Spend over 150 standard fiat currencies with the Shido Card.
- Banking Service: Shido Card presents a crypto-friendly banking resolution, permitting customers to make worldwide financial institution transfers at low charges.
- Concierge: Shido Card presents a 24-hour concierge service aiding customers with service, buying, and journey wants.
![Shido Crypto Project Product Line: Shido Chain, Shido DEX, Shido Wallet, and Shido Card.](https://academy.moralis.io/wp-content/uploads/2023/06/Shido-Blockchain-Products.png)
What’s the SHIDO Token?
The SHIDO token is deployed on each Ethereum and BNB Good Chain. On June twenty fourth, 2023, Shido up to date the contracts for the SHIDO token. Each the ERC-20 and BEP-20 SHIDO tokens are governance and utility tokens for all the Shido ecosystem’s DeFi utilities. In accordance with the Shido web site, a number of the income from all DeFi merchandise will probably be used for token buy-backs.
That is what the SHIDO tokenomics seems like:
![Tokenomics graph of the SHIDO token](https://academy.moralis.io/wp-content/uploads/2023/06/Shido-Blockchain-SHIDO-Tokenomics.png)
Now, should you’re a crypto investor or dealer, you may ask your self: will the SHIDO token escape and moon?
Answering the query above is simpler stated than performed. Nonetheless, not like different altcoins and distinguished meme cash, SHIDO has utility. The SHIDO token powers the community’s ecosystem, and if it continues to develop, it’d maybe mirror positively on the token. Sadly, solely time will inform if Shido continues to broaden and sees additional success. And we are able to’t say for positive that it’s going to positively have an effect on the SHIDO token value.
Nonetheless, along with carefully following the event of the Shido ecosystem, one other distinguished methodology for figuring out whether or not or not the SHIDO token will proceed to develop is to make use of on-chain evaluation. With on-chain evaluation, you may leverage irrefutable blockchain information and real-time market exercise as a basis for funding choices.
So, let’s take a better have a look at the SHIDO token’s on-chain analytics!
SHIDO Token On-Chain Analytics
On-chain evaluation is an altcoin buying and selling technique the place you leverage the irrefutable and publicly out there blockchain information to get beneficial market perception. Nonetheless, a difficult side of on-chain evaluation is to come up with the data you’re after. And should you do, you additionally have to interpret the info to make it actionable.
Querying blockchain information is tough, particularly should you lack technical experience. Fortunately, that is the place blockchain analytics instruments like Moralis Cash enters the equation. Moralis Cash is a premier on-chain buying and selling indicator. This software leverages on-chain information in real-time, giving your true market alpha!
One in all Moralis Cash’s most distinguished options is the token pages. Every coin has its personal devoted token web page, the place you could find info primarily based on on-chain information. This consists of common stats equivalent to a token’s market cap, holders, buying and selling quantity, and liquidity. But additionally value charts, safety info, person scores, and so on.
We will leverage this function to review the on-chain metrics of the SHIDO token. You’ll find the info you’re on the lookout for through the interactive widget down beneath:
Within the iframe above, you could find real-time, on-chain information for the SHIDO token. Furthermore, it’s interactive, which means you may change the timeframes for the metrics to see how the token has been performing over time.
The data above allows you to decide if the SHIDO token is a lovely funding alternative or not. As an example, seeing a big improve in skilled consumers may point out that the token is on the rise.
Sadly, we are able to’t provide you with an easy suggestion as this information is repeatedly altering, which means that the SHIDO token may be a lovely funding at the moment however not tomorrow. So, begin by finding out the on-chain metrics and proceed to do your personal analysis on the Shido ecosystem!
Past the SHIDO Token and Blockchain – Discover New Thrilling Alternatives with Moralis Cash
Moralis Cash is – along with offering the token pages – the industry-leading crypto scanner. It leverages real-time blockchain information to provide the newest market updates. As such, when working with Moralis Cash, you may simply discover probably the most undervalued crypto cash and maximize your crypto buying and selling positive aspects!
Simply try some joyful prospects already utilizing Moralis Cash to up their altcoin buying and selling recreation:
![](https://academy.moralis.io/wp-content/uploads/2023/06/Shido-Blockchain-Twitter-Testemonials.png)
For example the ability and ease of this software, let’s present you the way to discover new tokens with Moralis Cash’s Token Explorer!
Methods to Discover the Subsequent 100x Crypto
Moralis Cash’s Token Explorer options 15+ distinctive search parameters. You may decide and select amongst these to make your personal distinctive queries. In doing so, you may goal tokens you’re after primarily based on their on-chain metrics!
As an example, we’ll present you the way to discover new, safe cash gaining traction from different crypto merchants in three easy steps:
- Step 1: To start with, let’s launch Token Explorer and add the Coin Age metric to generate a listing of altcoins minted throughout the previous 30 days:
![](https://academy.moralis.io/wp-content/uploads/2023/06/Shido-Blockchain-GIF-2.gif)
- Step 2: Subsequent, mix the Coin Age metric with the Safety Rating and Skilled Consumers metrics. With Safety Rating, we filter for cash with DEXT scores increased than 80. With Skilled Consumers, we be sure that our record solely reveals tokens with rising purchase strain:
![](https://academy.moralis.io/wp-content/uploads/2023/06/Shido-Blockchain-GIF-3.gif)
- Step 3: From right here, you may mix the metrics above with further filters to make your question much more distinctive. For instance, add Market Cap if you wish to discover low/excessive market cap cash. Or Liquidity if you wish to discover tokens which have lately seen a optimistic inflow of liquidity.
That’s it! When working with Moralis Cash, it’s simple to generate a dynamic record of potential altcoin gems. From right here, now you can click on any of the cash, and also you’ll be redirected to its token web page for extra detailed information. Earlier than making a choice to purchase, all the time bear in mind to do your personal analysis!
5 Further Suggestions for Utilizing Moralis Cash
The token pages and Token Explorer are only a style of Moralis Cash; there’s way more to the platform. As such, listed below are 5 further ideas for utilizing Moralis Cash:
- Tip #1: Set Up Token Alerts – Use Moralis Cash’s Alerts function to arrange e-mail notifications for on-chain occasions you’re thinking about. Go to the ”Alerts” tab, add a token deal with, apply a filter, enter your e-mail, and begin monitoring:
![](https://academy.moralis.io/wp-content/uploads/2023/06/Shido-Blockchain-Moralis-Money-Token-Alerts.png)
- Tip #2: Defend Your self from Scams – Use the Token Defend function to dodge potential scams. Search for the defend image hooked up to every coin for a look at its DEXT rating. You may as well get extra detailed safety info on every token web page:
![](https://academy.moralis.io/wp-content/uploads/2023/06/Shido-Blockchain-Moralis-Money-Token-Shield.png)
- Tip #3: Observe Your Portfolio – Use among the finest pockets trackers for an outline of all of your holdings:
![](https://academy.moralis.io/wp-content/uploads/2023/06/Shido-Blockchain-Moralis-Money-Wallet-Tracker.png)
- Tip #4: Discover Different Networks – Moralis Cash helps a number of networks. So, discover new cash on chains like Ethereum, Binance, Polygon, and Arbitrum:
![](https://academy.moralis.io/wp-content/uploads/2023/06/Shido-Blockchain-Moralis-Money-Supported-Networks.png)
- Tip #5: Examine Out the Moralis Cash Professional Plan – Maximize the worth of Moralis Cash with the Moralis Cash Professional plan. This offers you entry to a personal Discord server, premium schooling, narrower timeframes for all search parameters, and way more:
![](https://academy.moralis.io/wp-content/uploads/2023/06/Shido-Blockchain-Pro-Plan-1024x630.png)
Abstract – Exploring the Shido Blockchain and SHIDO Token
In at the moment’s article, we explored Shido, a DeFi ecosystem consisting of quite a few merchandise and utilities. Some distinguished examples are the Shido blockchain, Shido Pockets, Shido Coin, and the native token $SHIDO.
Along with exploring the ecosystem, we additionally seemed nearer on the SHIDO token’s on-chain metrics utilizing Moralis Cash – the premier on-chain crypto software. Along with utilizing Moralis Cash to investigate token information, we additionally confirmed you the way to leverage this software to seek out new promising altcoins.
Moralis Cash has the next three core options:
- Token Explorer: With Token Explorer, you may create customized filters to seek out precisely the tokens you’re after. As such, with this software, you may simply discover new crypto initiatives earlier than everybody else.
- Token Alerts: Token Alerts allows you to arrange e-mail notifications primarily based on distinctive filters. This implies you may keep up to date even while you aren’t in entrance of your display screen.
- Token Defend: With Token Defend, you get complete safety evaluations of all cash and may defend your self from scams.
Additionally, should you’d like to reinforce the worth of Moralis Cash additional, think about subscribing to the Moralis Cash Professional plan. You may attempt it out by heading to our pricing web page and signing up for our seven-day trial:
![](https://academy.moralis.io/wp-content/uploads/2023/06/Shido-Blockchain-Pro-Plan-Trial-1024x570.png)
Should you’re keen to find tokens by yourself, then take Moralis Cash for a take a look at trip utilizing the interactive widget beneath: