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About SheepToken

Sheep token (SHEEP) is a community-owned deflationary token that reduces in supply over time. The token seeks to help institutional and retail traders to generate passive income. The users can also lend funds to other users and aim to earn additional cryptocurrency as rewards, also known as yield farming in this decentralized finance (DeFi)-based token. The token runs on Binance Smart Chain (BSC) and follows BEP-20 standards. BEP-20 is a BSC token standard that has compatibility and similarity with the ERC-20 and BEP-2. The decentralized token seeks to adhere to vertical and horizontal scaling of the software application that keeps the system authenticated, the database safe, and accounts recorded on the blockchain.  

According to the whitepaper, the token aims to become a wealth generator and a fair economic standard of living. Further, the token also uses a liquidity pool. A liquidity pool (LP) allows users to keep funds collected in a smart contract for staking, lending, or trading. The users can trade LP with enough slippage to perform transactions according to the requirement. Besides, the Sheep-token protocol seeks to ensure that easy, secure, and fast transactions can occur in the system and provide protection from wallet theft, viruses, and trojans. 

SHEEP is the ticker of the Sheep token. The users can become a part of the community by joining social media groups. 

Moreover, the token charges a 6% penalty fee on each transaction. However, the protocol burns 3% of the penalty and redistributes the remaining 3% to the token holders. Here, burn means removing a token from the circulating supply, reducing the token's total supply. Smart contracts carry out the transaction process without any involvement of a third party. 

The token plans to launch a decentralized exchange (DEX) pad, a multi-platform wallet, prices aggregator, and non-fungible tokens (NFT)

The SHEEP token came into existence in March 2021. The total supply of SHEEP tokens is 72,878,774,538.860784 SHEEP.

Market

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Canada News about SheepToken

The Defiant • May 10, 24

Solana Crossroads - The Solana Conference [Day 1]

‎ Solana Crossroads is a crypto conference hosted in Istanbul, Türkiye that provides the opportunity for collaboration with the brightest minds in Solana. In partnership with Step Finance, we are broadcasting the full 2 day conference live as the exclusive media partner of Solana Crossroads here ...

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Unchained • May 09, 24

BlackRock and Securitize Submit Application for Arbitrum’s Program Focused on Real-World Asset Diversification

Real-world asset (RWA) tokenization firm Securitize Markets submitted an application last week “on behalf of BlackRock” to Arbitrum’s Stable Treasury Endowment Program (STEP), a sign of the growing institutional presence in the crypto space. Arbitrum’s STEP program will diversify 35 million ARB t...

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The Block • May 09, 24

White House set to nominate CFTC Commissioner Johnson to Treasury role: Bloomberg

The White House is set to nominate CFTC's Kristin Johnson to a top position at the U.S. Treasury Department.

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Unchained • May 09, 24

Why Ethereum Gas Fees Have Fallen to Their Lowest Level Since 2020

The average cost of a transaction on Ethereum is at its lowest level since Jan. 2020 (one gwei represents one-billionth of one ether and is the unit of ETH used to measure gas prices). The decline reflects the movement of activity from Ethereum’s base layer to its expansive array of ...The post W...

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BeInCrypto • May 09, 24

Bybit Prepares Initial DEX Offering (IDO) For Nulink (NLK)

Bybit's upcoming IDO for Nulink aims to strengthen dApps data privacy via a unique API, launching 4M NLK tokens with significant user registration.The post Bybit Prepares Initial DEX Offering (IDO) For Nulink (NLK) appeared first on BeInCrypto.

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BeInCrypto • May 09, 24

Avalanche, Salvor Invest $1 Million in NFT Lending Platform

Salvor partners with Avalanche to offer an NFT lending platform, using NFTs and memecoins as collateral for AVAX loans, aiming to increase liquidity and enhance the financial flexibility within the Avalanche ecosystem.The post Avalanche, Salvor Invest $1 Million in NFT Lending Platform appeared f...

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SheepToken is on the rise this week.

The price of SheepToken has increased by 100.00% in the last hour and increased by 100.00% in the past 24 hours. SheepToken’s price has also risen by 100.00% in the past week.

FAQ

What is the current price of SheepToken?

We update our SheepToken to CAD currency in real-time. Get the live price of SheepToken on Coinbase.

What other assets are similar to SheepToken?

Assets that have a similar market cap to SheepToken include Ethereum, Tether, BNB, and many others. To see a full list, see our comparable market cap assets.

Can I buy SheepToken on Coinbase?

Yes, SheepToken is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy SheepToken guide.