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ShitcoinBTC is a Bitcoin sidechain and merge-mined Layer 1 blockchain, wherein each block is secured by Bitcoin miners. The mining of the native token, SHIT, is contingent upon the mining of Bitcoin, as it is enforced by consensus mechanisms. The initial block (Block 1) was utilized to fund the presale, team, and reserves.
The blockchain is currently operational, having surpassed block 66,000. The associated bridge and exchange functionalities are also live.
The ShitcoinBTC Vault allows users to lock their SHIT tokens and earn yield based on the duration of the lock. The yield rates are structured as follows: 2% for 30 days, 3% for 6 months, 4% for 1 year, and 15% for 5 years. It is required to hold Bitcoin in the same wallet to qualify for yield earnings. Users should be aware of potential risks, including smart contract vulnerabilities, fluctuations in SHIT token value, and the locking of tokens until the end of the specified term. Additionally, the web miner is designed to burn 70% of every block it discovers.
The SHIT-20 token standard operates on the NEVM chain (Chain 20026:Unknown), enabling the direct deployment of tokens on the ShitcoinBTC platform.
The ShityDEX (https://shitcoinbtc.xyz/exchange functions as a hybrid exchange and decentralized exchange (DEX), offering spot trading with substantial liquidity across Bitcoin, Ethereum