Token Standard

The digital tokens available on Shido Network are designed in the main blockchain protocol. Each token issued on Shido Network meets a specific pre-set standard. The most common standard on Shido Network is SHI20, where 'SHI' is short for Shido, the name of the network, and '20' is the token version used.

SHI20 - Fungible Token

The fungible token standard SHI20 is an interchangeable token. Each token has the exact same value and can be traded 1:1 with each other, which by definition makes it a fungible token. The SHI20 standard concerns only fungible tokens and are similar to ERC20, BEP20, USDC or USDT.

SHI30 - Non-Fungible Token (NFT)

The NFT standard, or non-fungible token, on Shido Network is called SHI30. Regardless the fact that the SHI30 NFT standard is built on the principle of the SHI20 standard, they are different. Tokens that follows the SHI30 standard comes with a transaction history.

The non-fungible token SHI30 is a designed computer program. This standard will allow each digital possession to be certified and authenticated through the mechanism of Shido Network. The singularity of a unique token is that its data will integrate a suite of computer codes to generate a smart contract on Shido Network. The smart contract address will gather all the information relating to the NFT and will allow the ownership of this unique SHI30 token to be transferred securely.

The SHI30 standard therefore refers to the characteristics of non-fungibility, which represents a unique token. The standard of an NFT will be based on a set of unique token information such as its popularity, its age and its degree of rarity. These characteristics will help assigning the SHI30 NFT a specific value differentiating it from other non-fungible tokens on the network.

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