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SHIDO - Native utility and governance token of Shido Network!



SHIDO - Native utility and governance token of Shido Network!


SHIDO is the native utility and governance token that powers Shido Network and the Shido Ecosystem.


All transaction fees collected on Shido Network, including both base and priority fee, are directly burnt in our inbuilt mainnet burn function.


SHIDO is used to secure Shido Network and ensure decentralization using Proof-of-Stake (PoS) consensus mechanism. Validators and Delegators can easily participate in the consensus process by staking SHIDO on the network.


Users staking SHIDO are eligible for Gasfree transactions on Shido Network. Validators and Delegators are extempt from fees interacting with Shido Network through our inbuilt mainnet Gasfree function.


Shido Network is in consensus governed by all SHIDO holders through our governance module. By the passing of proposals SHIDO governs all protocol upgrades and strategic decisions surrounding the network.


Learn more about the native token SHIDO and how it powers Shido Network 👉 Shido.io/blockchain


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