SharkStake

SharkStake
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Contents

What are Tokens?

Fungible vs Non Fungible Token
Yield Farmin
Stakin
Coin Burnin
Tokenomic
Shark Protocol
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What are Tokens?

In the world of cryptocurrency, tokens are the king. A

token is a thing that serves as a tangible
representation of a fact, quality, and can be anything of
value. Tokens are not limited and restricted to one
specific role; rather, they can fulfill several roles in their
native ecosystem. Tokens can serve various purposes;
for example, it can act as a gateway to the
decentralized applications(DApps). Moreover, they can
also qualify the holders to have certain voting rights.
Fungible tokens are entirely exchangeable with each
other, and one example of fungible assets are fiat
currencies. Non Fungible tokens have burst into the
mainstream due to the sudden popularity of crypto
kitties, a virtual cat collectible game.

What are Fungible and Non-Fungible Tokens ?

Fungible Tokens

Due to decentralization, security, immutability,

Blockchain is considered to be the perfect technology
for managing all types of digital assets. But with such
interchangeable tokens, this would not be possible.
Such tokens work fine for cryptocurrencies, and in fact,
fungibility is the fundamental feature of any currency.

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Such tokens are built in such a way that each fraction

of a token is equivalent to the next. For instance,
Bitcoin, the most popular cryptocurrency, is fungible,
which means one Bitcoin is equal to one Bitcoin, and
it’s equal to all other Bitcoins. Such tokens are
assumed to be interchangeable and divisible too.

In simpler words, these are types of cryptographic

tokens that are basically identical or uniform and can
be interchanged with other fungible tokens of the
same type without any issues. Such tokens relate to
the things we use every day, and it applies to real-world
well as digital assets.

Non-Fungible Tokens

Non-fungible tokens are special tokens that represent

unique, collectible items. They are unique in the sense
that they cannot be split or exactly changed for other
non-fungible tokens of the same type. You can
consider NFTs as tokens with no fungibility that offer a
variety of unique opportunities for using blockchain
technology. Crypto Kitties is the most popular
example of non-fungible, collectible tokens.

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Yield Farming

Yield farming is a way to make more crypto with your

crypto. It involves you lending your funds to others

through the magic of computer programs called smart

contracts. In return for your service, you earn fees in

the form of crypto. Simple enough, huh? Well, not so

fast.

Yield farmers will use very complicated strategies.

They move their cryptos around all the time between

different lending marketplaces to maximize their

returns. They’ll also be very secretive about the best

yield farming strategies. Why? The more people know

about a strategy, the less effective it may become.

Yield farming is the wild west of Decentralized Finance

(DeFi), where farmers compete to get a chance to farm

the best crops.

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Why Is Staking?

Staking is the process of actively participating in

transaction validation (similar to mining) on a
proof-of-stake (PoS) blockchain. On these blockchains,
anyone with a minimum-required balance of a specific
cryptocurrency can validate transactions and earn
Staking rewards.

How does staking work?

When the minimum balance is met, a node deposits

that amount of cryptocurrency into the network as a
stake (similar to a security deposit).

The size of a stake is directly proportional to the

chances of that node being chosen to forge the next
block.

If the node successfully creates a block, the validator

receives a reward, similar to how a miner is rewarded
in proof-of-work chains.

Validators lose part of their stake if they double-sign or

attempt to attack the network.
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What is Coin Burning?

The term "coin burning" conjures up imagery of an
investor taking a match to tangible currency. Of
course, as digital currencies exist only in virtual form,
that is not physically possible. Nonetheless, the idea
is one that holds. Coin burning is the process by
which digital currency miners and developers can
remove tokens or coins from circulation, thereby
slowing down inflation rates or reducing the total
circulating supply of coins, according to the Motley
Fool.

How is this accomplished? In the digital currency

world, it is difficult if not impossible to control the flow
of tokens once they have been mined. In order to
remove tokens from circulation, miners and
developers acquire those tokens and then send them
to specialized addresses that have unobtainable
private keys. Without access to a private key, no one
can access these tokens for the purposes of using
them for transactions. Thus, the coins become
unusable and, for all intents and purposes, relegated
to a space outside of the circulating supply.
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Tokenomics

Airdrop and Presale 10%

Token Burned (Till Now) 57.2%

Dev Tokens 0.1%

Future Burns 32.7%

Total Supply: 50,000,000,000,000,000 Coins

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Shark Protocol

Stark tokens are paired automatically with the BNB

and added as a liquidity pair on Pancake Swap.