Crypto Terms:
Letter S
What is Shitcoin?
Meaning:
Shitcoin -
a coin that has little or no value, as well as no evident function in the near future.
Let's find out Shitcoin meaning, definition in crypto, what is Shitcoin, and all other detailed facts.
Shitcoin refers to a coin that has little or no value and no evident function in the near future. It is often used to describe altcoins or cryptocurrencies that arose in response to the success of Bitcoin. Since shitcoins are not established in good faith or their prices were founded on speculation, they often lose value due to falling investor interest. As a result, these currencies are regarded as poor investments.
Shitcoins are easy to spot since they have a consistent pattern. Although a coin might generate some curiosity when it is first released, its price remains quite stable. However, when more investors get on board, the price rises enormously in a short period of time. Following that, investors dump their coins in order to profit from short-term gains, causing the price to plummet.
DAO Maker to focus on public investments.<\/p>\n<p>Some of the criteria for an investor to be considered for an SHO are:<\/p>\n<ul>\n<li>Holding a specified competitor token for a predetermined length of time, usually at least 3-6 months;<\/li>\n<li>Holding at least $10,000 worth of a token for at least one year;<\/li>\n<li>Being an active <strong>liquidity provider<\/strong> on a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-decentralized-exchange-dex/">decentralized exchange (DEX)<\/strong><\/a>;<\/li>\n<li>Possessing a predetermined transaction <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-volume/">volume, at least $1-5 million, within the past 30 days.<\/li>\n<\/ul>\n<p>The SHO mechanism incentivizes investors to ensure they have strong hands – crypto investments that they hold onto for an extended period. DAO Maker favors investors with strong hands over investors with <strong>shorter investments<\/strong> by providing them with more opportunities to be chosen for the strong holder offerings.<\/p>\n<p>DAO Maker allows SHOs to be refunded if the investors decide to withdraw their support and opt out of the project. However, the withdrawal period may be limited. If the value of the token being funded via the SHO <strong>increases by 400%<\/strong> and maintains this rate for at least 120 consecutive days, the investments cannot be withdrawn.<\/p>\n<p>Prior to launching a new SHO, DAO Maker conducts a series of tests on the new investment project. This ensures that the projects participating in the fundraising <strong>strictly commit to their roadmap<\/strong> and reduces the rate of scam projects receiving funding.<\/p>","definition":"a crypto fundraising service where the investors are chosen based on specific criteria like their activities in the network.","status":"published","meta_title":"What is SHO (Strong Holder Offering)? Definition & Meaning | Crypto Wiki","meta_description":"SHO (Strong Holder Offering) meaning: SHO (Strong Holder Offering) - a crypto fundraising service where the investors are chosen based on specific criteria like their activities in the network.","meta_keywords":null}"
:prev-section="{"id":688,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Promotion_(marketing)","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-11-10T18:44:46.000000Z","slug":"what-is-shilling","title":"What is Shilling?","section":"S","keyword":"Shilling","content":"<p><strong>Shilling<\/strong> is when someone actively engages in the disguised promotion of a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-cryptocurrency/">cryptocurrency. The ultimate goal is to create excitement around the initiative so that people believe in it and <strong>want to invest in it<\/strong>. The more people want to invest, the higher the demand for the token becomes, and the more the price rises.<\/p>\n<p>Traditional financial markets prohibit the use of shilling. However, because there are <strong>no strict rules for cryptocurrencies yet<\/strong>, it's unclear whether it is considered lawful or illegal advertising. Besides, keep in mind that crypto shilling is not obvious, it's usually disguised. Therefore, you should always keep your eyes open for the red flags. The main red flags include:<\/p>\n<ul>\n<li>When an <strong>influencer<\/strong> is promoting an unknown cryptocurrency.<\/li>\n<li>When an individual or individuals invest a large amount of money into a specific cryptocurrency.<\/li>\n<li>When founders or members of the team secretly endorse their tokens.<\/li>\n<\/ul>","definition":"a term used to describe the practice of promoting any cryptocurrency through implicit advertising, before it ends in a rug pull.","status":"published","meta_title":"What is Shilling? Definition & Meaning | Crypto Wiki","meta_description":"Shilling meaning: Shilling - a term used to describe the practice of promoting any cryptocurrency through implicit advertising, before it ends in a rug pull.","meta_keywords":null}"
:model="{"id":689,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Shitcoin","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-11-10T18:44:35.000000Z","slug":"what-is-shitcoin","title":"What is Shitcoin?","section":"S","keyword":"Shitcoin","content":"<p><strong>Shitcoin<\/strong> refers to a coin that has little or no value and no evident function in the near future. It is often used to describe <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-altcoin/">altcoins or <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-cryptocurrency/">cryptocurrencies that arose in response to the success of <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin. Since shitcoins are not established in good faith or their prices were founded on speculation, they often lose value due to falling investor interest. As a result, these currencies are regarded as poor investments.<\/p>\n<p><strong>Shitcoins are easy to spot<\/strong> since they have a consistent pattern. Although a coin might generate some curiosity when it is first released, its price remains quite stable. However, when more investors get on board, the <strong>price rises enormously<\/strong> in a short period of time. Following that, investors dump their coins in order to profit from short-term gains, causing the price to plummet.<\/p>","definition":"a coin that has little or no value, as well as no evident function in the near future.","status":"published","meta_title":"What is Shitcoin? Definition & Meaning | Crypto Wiki","meta_description":"Shitcoin meaning: Shitcoin - a coin that has little or no value, as well as no evident function in the near future.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}"
:chapter-list="[{"id":1,"title":"Blockchain","slug":"blockchain","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-blockchain.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/blockchain-101.jpg","rating":100,"sections":[{"chapter_id":1,"order":1,"slug":"what-is-blockchain","title":"What is the Blockchain?","status":"published","modified_content":null},{"chapter_id":1,"order":2,"slug":"decentralized-blockchain","title":"Anonymous & Decentralized Blockchains: The Cornerstone of Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":3,"slug":"blockchain-transaction","title":"What is a Blockchain Transaction in Crypto?","status":"published","modified_content":null},{"chapter_id":1,"order":4,"slug":"crypto-fees","title":"The Different Types of Crypto Fees Explained","status":"published","modified_content":null},{"chapter_id":1,"order":5,"slug":"what-is-bridging-in-crypto","title":"The Key Notion Behind the Concept of Bridging in Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":6,"slug":"types-of-blockchains","title":"Different Types of Blockchains: What to Look Out For?","status":"published","modified_content":null}]},{"id":2,"title":"Cryptocurrencies","slug":"cryptocurrencies","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-cryptocurrencies.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/cryptocurrencies-101.jpg","rating":100,"sections":[{"chapter_id":2,"order":1,"slug":"what-is-a-cryptocurrency","title":"What is a Cryptocurrency?","status":"published","modified_content":null},{"chapter_id":2,"order":2,"slug":"how-does-cryptocurrency-work","title":"How Does Cryptocurrency Work?","status":"published","modified_content":null},{"chapter_id":2,"order":3,"slug":"is-cryptocurrency-a-good-investment","title":"Is Cryptocurrency a Good Investment? The Pros & Cons","status":"published","modified_content":null},{"chapter_id":2,"order":4,"slug":"coin-vs-token","title":"Coin VS Token: How Do They Differ?","status":"published","modified_content":null},{"chapter_id":2,"order":5,"slug":"what-are-stablecoins","title":"What are Stablecoins, Altcoins & Wrapped Coins?","status":"published","modified_content":null},{"chapter_id":2,"order":6,"slug":"what-is-a-bitcoin","title":"Bitcoin: the Pioneer of the Crypto World","status":"published","modified_content":null},{"chapter_id":2,"order":7,"slug":"what-is-ethereum","title":"The Ultimate Blockchain for dApp Creation: Ethereum","status":"published","modified_content":null},{"chapter_id":2,"order":8,"slug":"what-is-cardano-in-crypto","title":"What is Cardano and What is It Used For?","status":"published","modified_content":null},{"chapter_id":2,"order":9,"slug":"what-is-shiba-inu-coin","title":"Shiba Inu: the Dogecoin 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Standards","status":"published","modified_content":null},{"chapter_id":3,"order":5,"slug":"how-to-buy-crypto","title":"From Fiat to Crypto: How to Buy Crypto for the First Time","status":"published","modified_content":null},{"chapter_id":3,"order":6,"slug":"fiat-to-crypto","title":"Taking Profits: Turning Crypto Into Fiat","status":"published","modified_content":null},{"chapter_id":3,"order":7,"slug":"how-to-use-crypto","title":"You\u2019ve Got Crypto: What Can You Do With It?","status":"published","modified_content":null}]},{"id":4,"title":"Crypto Wallets","slug":"crypto-wallets","updated":false,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-wallets.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-wallets-101.jpg","rating":80,"sections":[{"chapter_id":4,"order":1,"slug":"what-is-a-crypto-wallet","title":"What is a Crypto 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Contracts?","status":"published","modified_content":null},{"chapter_id":6,"order":7,"slug":"what-is-a-dao-in-crypto","title":"The Notion of a Decentralized Autonomous Ogranization (DAO)","status":"published","modified_content":null},{"chapter_id":6,"order":8,"slug":"what-is-staking-in-crypto","title":"What is the Goal of Staking Crypto Assets?","status":"published","modified_content":null},{"chapter_id":6,"order":9,"slug":"what-is-liquidity-pool-in-crypto","title":"What is a Liquidity Pool and How Does It Work?","status":"published","modified_content":null},{"chapter_id":6,"order":10,"slug":"what-is-automated-market-maker","title":"Automated Market Maker: the Cornerstone of the Decentralized Crypto Exchange Industry","status":"published","modified_content":null},{"chapter_id":6,"order":11,"slug":"what-is-yield-farming-in-crypto","title":"The Main Yield Farming 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current-chapter="S"
current-section="what-is-shitcoin">
