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HomeCrypto NewsMarketShiba Inu Holders Can Now Set Up Smart Contracts With Ease 

Shiba Inu Holders Can Now Set Up Smart Contracts With Ease 

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Shiba Inu enthusiasts can now set up smart contract agreements for different initiatives, ranging from product sales to fundraising campaigns. 

Messier has added Shiba Inu to its OpenHatch decentralized application, allowing SHIB holders to use the canine-themed tokens for advanced payment options. 

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For context, OpenHatch is a user-friendly solution that allows users, now including Shiba Inu holders, to set up smart contract-based agreements. 

Following the integration of Shiba Inu into the OpenHatch platform, SHIB holders can now set up smart contracts for product sales, subscription plans, fundraising campaigns, tipping, and service agreements. 

OpenHatch Receives New Upgrade 

The OpenHatch platform recently received a major upgrade that could benefit Shiba Inu enthusiasts. With the upgrade, OpenHatch has become more user-friendly, eliminating the need for complex coding skills. 

The platform also enables users to create customized landing pages and set up accounts for their businesses and personal use. 

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Furthermore, Messier emphasizes that OpenHatch uses an escrow service to secure users’ funds. It also verifies transactions to ensure that they are trustworthy. 

Explaining OpenHatch’s security architecture in detail, Messier noted that once a buyer creates a smart contract on OpenHatch, the user’s funds, like Shiba Inu tokens, are held in a secure and immutable pool. 

The smart contract then releases funds to the seller once there is a fulfillment of the necessary conditions of the transaction. 

Messier Bolsters Shiba Inu Utility 

The development aims to expand Shiba Inu’s utility beyond simple transactions to a more sophisticated payment option. Before now, Shiba Inu has been integrated across various payment platforms, like BitPay, where it is used to pay for goods and services. 

Interestingly, Messier has expanded Shiba Inu’s utility following SHIB’s integration on OpenHatch. Shiba Inu holders can now leverage the token to set up smart contracts for different purposes. 

Meanwhile, the Shiba Inu project has continued to garner attention in recent times. Shiba Inu achieved a major feat recently by becoming one of the first mainstream cryptocurrencies to develop a project using the DN404 token standard. 

The team behind the Shiba Inu ecosystem described the launch of the SHEboshi token as a bold step into the future. As reported by The Crypto Basic, the launch of SHEboshi recorded significant success, selling out instantly.  

Meanwhile, SHIB’s price has surged 7.3% over the past 24 hours to $0.000011. The canine-themed token is currently among the top beneficiaries of the latest relief rally across the broader crypto market. 

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Author

Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

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