The excitement around Casper’s DeFi ecosystem keeps growing, with the launch of the Shiboo token adding to the buzz.
A future-proofed layer-1 chain, Casper has been following a comprehensive protocol upgrade roadmap which allows it to support a wide range of DeFi possibilities. Among the four key upgrades outlined, the second, known as Peregrine, introduced 99% refunds on unspent gas fees and halved transaction times from 32 to 16 seconds, alongside other performance and user experience improvements. Shiboo, taking advantage of the new features brought by the Peregrine update, was launched at the end of February 2024, shortly after Peregrine was activated on the mainnet.
Are you ready? @Casper_Network We are launching soon after the Peregrine update is ready #shiboo #cspr
— Shiboo_cspr (@Shiboo_cspr) January 3, 2024
Creating a token on Casper is remarkably streamlined and straightforward, thanks to the chain’s continuously improving capabilities and the CSPR product suite, which offers extreme ease for builders, even if they never built on any blockchain before. In fact, a community member accepted a challenge to create a meme coin on Casper within 24 hours and astonishingly completed it in just 24 minutes! Utilizing CSPR Click and CSPR Cloud tokens can be created and minted within minutes.
According to the Shiboo CSPR project’s roadmap, Shiboo will be divided into 5 main platforms starting with Shiboo Markets, a tool that allows users to check the price of all tokens on Casper, liquidity, volume, and other important metrics. This tool is crucial for traders and holders.
The evolution of the Casper blockchain is continuing with two more upgrades, Juliet and Condor, expected to elevate Casper to its most advanced and sophisticated version i.e. “feature-complete”. Within two months, these upgrades will be rolled out to make Casper one of the most advanced, flexible, and upgradable protocols in the world.
Additionally, to bring in more liquidity and expand its DeFi user base, Casper partnered with Alchemy Pay in February, making cspr purchasable with fiat currencies in over 173 countries. On top of that, cspr has been listed on ByBit and Bit2Me within the same week, becoming much more accessible to the global crypto community.
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