- What is SUSHIBA?
- Step 1: Register on Coinbase
- Step 2: Buy coins with fiat money
- Step 3: Transfer your cryptos to an Altcoin Exchange
- Step 4: Deposit BTC to exchange
- Step 5: Trade SUSHIBA
- Last Step: Store SUSHIBA securely in hardware wallets
- Other useful tools for trading SUSHIBA
- Frequently Asked Questions
- Latest News for SUSHIBA
What is SUSHIBA?
What Is Sushiba (SUSHIBA)?
Sushiba is a BEP-20 token created in May 2021 with the aim to bridge the gap between food-related tokens and dog-related tokens, hence the portmanteau Sushiba, coming from Sushi plus Shiba.
Sushiba is a token that will become the centrepiece of an AI-Based decentralized Marketplace with unique, decentralized applications.
The features of the token in of itself are:
- Reflect Finance Tokenomics: a set percentage of each transaction is redistributed to each token holder.
- Burn/Transaction Fees: a set percentage of each transaction is automatically burned, therefore, gradually reducing the circulating supply.
The Sushiba journey started with the observations of one of its founders that a vast number of features that are taken for granted in modern day applications are not as ubiquitous within the DeFi space. Machine learning systems managing data and user preferences, utilized in major web-applications such as YouTube, Instagram, Amazon, in the meantime can be found everywhere in their company-based counterparts.
The application of machine learning algorithms alongside the blockchain technology is the logical solution to creating a better customer experience as it enables the natural evolution of society in becoming more and more decentralized. Decentralization should however not necessarily mean the loss of the standard AI-based features everyone is used to and is so familiar with today. This gap has motivated the founders to seek out more efficient ways to optimize the user’s experience within decentralized networks.
Who Are the Founders of Sushiba?
Sushiba was launched by two main founders, Andrea Chello and Weiyu Tang.
Chello has had three years of experience as a finance professional, working in various investment and hedge funds. He left the finance space to dive into the world of data science and data analytics as a Data Scientist for two years, due to his fascination with data and technology. This redefined his entire viewpoint when it came to understanding the integral part data plays in the decision making of an individual or company vis-à-vis the financial markets.
He has also a bachelor’s degree in Economics and three master’s degrees in corporate finance, investment management and financial engineering respectively.
At the time of launch, he noted that many features that are taken for granted in modern day applications such as YouTube, Instagram etc. (i.e. machine learning systems to manage data and user preferences) are not as ubiquitous within the decentralized space as they are in their traditional company-based counterparts.
Chello has also worked extensively as a full-stack web developer as of 2020, building e-commerce websites for shops in need of adapting to the Covid-19 crisis. This was vital for the shops as they were forced to close for extended periods at a time and were in need of an online presence to continue operating.
Tang is a recent postgraduate with both bachelor’s degree and master’s degree in Accounting and Finance. Her professional experiences involve working as a risk analyst in the financial industry as well as starting her own start-up during her undergraduate degree. This was aimed at improving the utilisation efficiency of campus resources in major Chinese universities. After years of exploring and accumulation of competences, Tang not only has a solid knowledge base of accounting and finance, but also developed her interests and skills in the technology field. She is an excellent data analyst and programmer, as her projects speak for themselves, one of them being building her own cryptocurrency and blockchain with associated web-app in Flask and creating her own algorithms for it.
As a creative and ambitious person, Tang would like to further integrate blockchain and cryptocurrency and bring more real world value to the crypto market.
What Makes Sushiba Unique?
As opposed to the majority of tokens, the real-world uniqueness of Sushiba, comes from its goal of creating an AI-based decentralized marketplace on which tokens can be earned or farmed, which will also be spendable on real-world services or goods. One of the issues with cryptocurrencies is that merchants are rather slow in accepting them. A decentralised marketplace with the necessary modern-day features would be one small step towards greater adoption of cryptocurrencies and Sushiba, and would give a real-world value to the token.
The rollout of the Sushiba ecosystem will take place in the form of partnerships with suppliers in different industries, providing the tokens with a real use-case and value. Industries like gaming, real estate and retail could benefit from such partnerships by means of creating and providing an alternative to people with the power of decentralisation. This should, in theory, provide more tailored services to a wider range of people.
As it has been noted earlier, many features that are taken for granted in modern day applications such as YouTube, Instagram etc. (i.e. machine learning systems to manage data and user preferences) are not as prevalent in the DeFi space.
One of the vital components of any marketplace is data management. Sushiba recognises the need for data management and will be rolling out custom AI solutions, data analytics and recommendation systems to help foster the integration of a truly decentralised marketplace.
This can be imagined as applying the YouTube recommendation algorithm to the retail world on a decentralized network. Shopping recommendations are intelligent and relevant and they take place on a decentralised marketplace. Such algorithms could also be used to improve user experiences and help with fraud detection and prevention, as each product would be fully traceable from the point of manufacture to the point of confirmation of satisfaction from buyers end.
The project could be summarised as aiming to become the Amazon of cryptocurrencies.
How will this be implemented?
Sushiba is only the start, as it represents the foundation onto which the entire ecosystem will be built. New portmanteau services combining food and dog related themes will be introduced as the Sushiba Family.
Each member of the Sushiba family will act as an individual microservice that will form the basis of our ecosystem. Decentralized apps will range from swaps, to decentralized exchanges, to recommendation systems, to full-fledged data analytics platforms and back-end services to manage each unique combination of tokens.
Sushiba is part of an ever-expanding decentralized industry and will bring real value added by combining the decentralization of the blockchain to more smart and customized experiences with the aid of AI-based services.
The end goal would be the creation of an AI-based, decentralized marketplace. The creation of such a marketplace will be accompanied by many gamification aspects, such as incentive reward systems and badges, much like the old-school Foursquare gamified badge system. This will be used in conjunction with recommendation algorithms to improve user experience and ultimately give real-world value to each reward in the form of products and services, as well as discounts on said products and services.
Where Can I Sushiba (SUSHIBA)?
SUSHIBA is available for trading on a growing number of exchanges, the main one at the moment is PancakeSwap where you can exchange BNB (Smart Chain) for SUSHIBA. [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xa96658cd0d04a8fdcdc30d1156cc65bbfc7591ed]
How Many Sushiba (SUSHIBA) Coins Are There in Circulation?
The initial total supply of Sushiba was 1 Quadrillion, with an initial burn of 50%, with transaction has [https://bscscan.com/token/0xa96658cd0d04a8fdcdc30d1156cc65bbfc7591ed?a=0x000000000000000000000000000000000000dead], putting the circulating supply at 500 trillion tokens.
Currently, SUSHIBA is being ranked 3499 on Coinmarketcap.
SUSHIBA has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy SUSHIBA.
Step 1: Register on Coinbase
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC) or Ethereum (ETH). We will use Coinbase here as it is one of the largest crypto exchanges that accept fiat deposits. Use the link below to register at Coinbase and you will receive a free amount of $10 worth of BTC after buying $100 worth of cryptos.
Type your email and click 'Get started'. Make sure you provide your real name as Coinbase will need it for account verification. Choose a strong password so that your account isn't vulnerable to hackers.
You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.
Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, Coinbase is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.
Step 2: Buy coins with fiat money
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You will be charged higher fees when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees, such as iDeal in some European countries.
Now you are all set, click the 'Trade' button at the top left, choose the coin you want to buy and confirm your transaction...and congrats! You've just made your first crypto purchase.
Step 3: Transfer your cryptos to an Altcoin Exchange
But we are not done yet, since SUSHIBA is an altcoin we need to transfer our coins to an exchange that SUSHIBA can be traded. Below is a list of exchanges that offers to trade SUSHIBA in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from coinbase depending on the available market pairs. After the deposit is confirmed you may then purchase SUSHIBA from the exchange view.
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once SUSHIBA gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Gate.io is an American cryptocurrency exchange that launched 2017. As the exchange is American, US-investors can of course trade here and we recommend US traders to sign up on this exchange. The exchange is available both in English and Chinese (the latter being very helpful for Chinese investors). Gate.io’s main selling factor is their wide selection of trading pairs. You can find most of the new altcoins here. Gate.io also demonstrates an impressive trading volume. It is almost every day one of the top 20 exchanges with the highest trading volume. The trading volume amounts to approx. USD 100 million on a daily basis. The top 10 trading pairs on Gate.io in terms of trading volume usually have USDT (Tether) as one part of the pair. So, to summarize the foregoing, Gate.io’s vast number of trading pairs and its extraordinary liquidity are both very impressive aspects of this exchange.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world. Unfortunately, Binance does not allow US investors so we recommend you to sign up on other exchanges we recommend on this page.
Last Step: Store SUSHIBA securely in hardware wallets
Ledger Nano S
- Easy to set up and friendly interface
- Can be used on desktops and laptops
- Lightweight and Portable
- Support most blockchains and wide range of (ERC-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
Ledger Nano X
- More powerful secure element chip (ST33) than Ledger Nano S
- Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
- Lightweight and Portable with built-in rechargeable battery
- Larger screen
- More storage space than Ledger Nano S
- Support most blockchains and wide range of (ERC-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your SUSHIBA for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.
Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.
Other useful tools for trading SUSHIBA
Encrypted Secure Connection
Because of the very nature of cryptocurrency – decentralised, it means that users are 100% responsible for handling their assets securely. While using hardware wallet allows you to store your cryptos in a safe place, using an encrypted VPN connection while you trade makes it harder for hackers to intercept or eavesdrop your sensitive information. Especially when you are trading on the go or in a public Wifi connection. NordVPN is one of the best paid (note: never use any free VPN services as they may sniff your data in return of free service) VPN services out there and it has been around for almost a decade. It offers military-grade encrypted connection and you can also opt-in to block malicious websites and ads with their CyberSec feature. You can choose to connect to 5000+ servers in 60+ countries base on your current location, which ensures you to always have a smooth and secure connection wherever you are. There is no bandwidth or data limits that means you can also use the service in your everyday routines such as streaming videos or downloading large files. Plus it is among the cheapest VPN services out there (only $3.49 per month).
Surfshark is a much cheaper alternative if you are looking for a secure VPN connection. Although it’s a relatively new company, it has already 3200+ servers distributed in 65 countries. Apart from VPN it also has some other cool features including CleanWeb™, which actively blocks ads, trackers, malware and phishing attempts while you are surfing on your browser. Currently, Surfshark does not have any device limit so you can basically use it on as many devices as you want and even share the service with your friends and family. Use the signup link below to get an 81% discount(that’s a lot!!) at $2.49/month!
As you gain more experience in trading cryptos it gets more difficult when it comes to tracking your capital gains from all those trades, especially when you have multiple accounts across various trading platforms. CryptoTrader.Tax takes away the pain of preparing your bitcoin and crypto taxes for your tax season. It automates the entire tax filing process and you will be sure you won’t miss any important information required. Simply register, fill in your personal info, and import all of your historical cryptocurrency transactions into the platform. It integrates seamlessly with all major cryptocurrency exchanges and platforms to make this process even quicker by connecting your existing exchange accounts to the platform. Once your transactions are imported, you can generate your tax reports within a few clicks. CryptoTrader.Tax is free to use and you can simply get started right away. You will only need to pay if you want to generate your tax reports.
Crypto Ultimatum is a detailed training system that shows you how to go from no money to making a fortune with Crypto Currencies. The system that was used took $100 and turned this into $1006. But the system works so well they then took this $1006 and turned it into the huge amount of $257,000 with Bitcoin and Crypto Currencies!
The great thing about the training is you don’t need technical skills. In fact, you don’t even need a great deal of money and can start with much less than $100 if you wish. It reveals all the secret techniques and gives you the ability to make money when you are a complete novice. It even explains some of the scams so you can avoid them. It goes into detail about where you go to do all this trading and how you can make money in a little as 24 hours. You can develop into someone who buys and sells smaller types of “altcoins” too.
BitMEX is one of the largest crypto derivatives trading platforms that offers leveraged contracts that are bought and sold in Bitcoin. With the volatile nature of the cryptocurrency market, you can gain even more profit with leveraged trades. BitMEX offers even a maximum of 100x margin meaning you can multiply your profit for a hundred times. Signing up on BitMEX is easy and you are not required to go through any KYC process. Within a few minutes, your account will be ready and you can start trading by depositing BTC straight into your wallet on BitMEX. Do keep in mind that derivatives trading is highly risky and your loss can potentially be a hundred times also if you made the wrong move!
Frequently Asked Questions
Can I buy SUSHIBA with cash?
There is no direct way to buy SUSHIBA with cash. However, you can use marketplaces such as LocalBitcoins to first purchase Bitcoin, and finish the rest of the steps by transferring your bitcoin to respective AltCoin exchanges.
Buy Bitcoin from local sellers
LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. LocalBitcoins is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.
Are there any quick ways to buy SUSHIBA in Europe?
Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Coinmama.
Are there any alternative platforms to buy SUSHIBA or Bitcoin with credit cards?
Yes. Changelly is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.