Originally created as jokes, the Shiba Inu and Dogecoin projects have been trying for several months to engage in much more concrete areas. Had Dogecoin made a lot of talk at the end of last year with the development of the first roadmap, Shiba Inu followed suit when a launch was announced in the metro. Today both projects are reopening to other perspectives.
Shiba Inu: towards the launch of stablecoin?
Last December, we discussed with you Shiba Inu’s ambitions in metadata. With a relatively powerful strike force, the developers of the blockchain then announced that they were trying to break out of the yoke of the meme token.
Yesterday, in a blog post, one of the project developers, Shytoshi Kusama, outlined the new ambitions of the blockchain: decentralized stable address. As Kusama reveals, another sign could be found in Shiba Inu’s ecosystem: the SHI.
In a climate of doubt around stable tires, carried by the fall of Terra, Shiba Inu’s team wanted, above all, to be positive. By specifying that the SHI would be designed differently from certain potentially problematic algorithmic stables. Not fully specific about the launch date, Kusama stated that the signal should be available by the end of 2022.
Apart from the announcement of its stablecoin, Kusama also unveiled the TREAT sign which will be the reward signal within the SHIB metaverse. Without going into technical details, the developer also specifies that this token will allow the SHI stablecoin to be balanced. Recall that the Shiba Inu metaverse project provides for more than 100,000 plots of land in a virtual world.
Dogecoin: Generalize the token as a payment method!
Similar to Shiba Inu, the Dogecoin is trying to relinquish its exclusive role as a token meme. Because if the project was considered a joke, the Dogecoin today is among the top 10 projects in the crypto universe.
Good to know: At the time of writing, Dogecoin is the tenth largest crypto project in the world. For a capitalization close to $ 10 billion, if we are to believe the Coinmarketcap platform.
The Boring Company, founded by Elon Musk in 2016, has also announced that it will soon accept Dogecoin as a payment method. But as with Tesla, this announcement is highly targeted. In fact, payment in DOGE will only be possible within the company’s new transit station, which recently opened in Las Vegas. So, Las Vegas Conference Center Loop users will be able to pay for their future trip to DOGE. In a tweet posted recently, Elon Musk reaffirmed his support for his favorite signal meme.
If you want to know more about memes signs, our guide is here!