- iMining Technologies Inc.’s (IMIN) subsidiary invests in Shiba Inu, and plans to launch staking for over 950,000 wallets who are holding Shiba Inu tokens (SHIB)
- The subsidiary, CanETH Staking Services Inc., provides staking as a service Proof of Stake infrastructure on Ethereum, Solana and Cardano Blockchains
- SHIB is a token poised for growth as it is held in more than 950,000 wallets and is continually increasing its holder base, which is how Bitcoin gained prominence by increasing the number of active wallets and its user base
- CanETH has purchased 500 million SHIB tokens for approximately $26,500 payable in Ethereum to initiate staking of Shiba Inu tokens
- The low price of the coin is attractive to cryptocurrency investors as they can buy millions of coins with modest capital injection
- iMining Technologies Inc. (IMIN) is down 3.33 per cent and is trading at $0.145 per share as of 12:58 p.m. ET
iMining Technologies (IMIN) subsidiary has invested in Shiba Inu, and plans to launch staking for over 950,000 wallets that are holding Shiba Inu tokens (SHIB).
The company’s subsidiary, CanETH Staking Services, provides staking as a service Proof of Stake infrastructure on Ethereum, Solana and Cardano Blockchains.
It also invests in revenue-generating crypto and blockchain assets linked to Decentralized Finance and Non-Fungible Tokens.
SHIB is a token poised for growth as it is held in more than 950,000 wallets and is continually increasing its holder base, which is how Bitcoin gained prominence by increasing the number of active wallets and its user base.
CanETH has purchased 500 million SHIB tokens for approximately $26,500 payable in Ethereum to initiate staking of Shiba Inu tokens.
SHIB is an Ethereum-based token and has a current market capitalization of approximately $30 billion.
The low price of the coin is attractive to cryptocurrency investors as they can buy millions of coins with modest capital injection.
Another reason why SHIB has performed well over the past few months is because it has created NFTs and provides support for many other Decentralized Finance and NFT projects using its own DEFI ecosystem called ShibaSwap.
Globally, there are more than 950,000 wallets holding SHIB. Currently, holders can earn additional tokens by staking their tokens.
CanETH is excited to expand its staking offerings to include Shiba Inu and will soon be ready to provide these services to its customers.
iMining Technologies also owns BitBit Financial, an ATM Network and crypto exchange, and is enabling exchange and staking of SHIB.
iMining Technologies Inc. (IMIN) is down 3.33 per cent and is trading at $0.145 per share as of 12:58 p.m. ET.