What is SHIDO? Find out in my detailed, beginner friendly token review of SHIDO.

• 🌟 Welcome back to my Token Spotlight series – part of my crypto-for-beginners series! Today, I am shining the spotlight on SHIDO token! What’s covered':

• 📈 🌐 SHIDO Token Overview: SHIDO has soared over 300% in the past month, securing its spot as the #1 trending token on Dextools. As we start our crypto 2024 journey, in this video, I explore SHIDO’s unique features and its role as the native token for the SHIDO level 1 blockchain.

• ⚙️ About SHIDO: Discover how SHIDO works! Similar to Ether on Ethereum, SHIDO is essential for gas fees within its blockchain. Holders also wield voting power in SHIDO DeFI DAO, influencing proposals on DAO management and the blockchain protocol updates.

• 🚨 Red Flags and Transparency: Learn about potential concerns such as the liquidity pool tokens lock and their transparent handling by SHIDO developers. Explore liquidity pool dynamics, potential risks, and the concentration of the SHIDO and Ether liquidity pool ownership.

• 🔍 Summary and Conclusion: Shido is a Layer 1 blockchain that uses Proof-of-Stake consensus. It boasts fast transaction speeds, claims infinite scalability, is open for anyone to participate, and can seamlessly interact with other prominent blockchain networks like Cosmos and Ethereum. This analysis is not financial advice—conduct your research and share your views in the comments!

• ⚠️ The reviews covered in the Token Spotlight series are not recommendations to buy the tokens—far from it. These reviews are intended to provide information about popular tokens so users can make their own informed decisions. I do not endorse any of the tokens featured, and the content presented in the videos should not be interpreted as financial advice or a recommendation to invest.

🎉 Explore other token reviews in the Token Spotlight series. I'll catch you in the next video!