Bitaigen Research Free SHIB tokens can be obtained by participating in SHIB‑USDT liquidity mining through the TokenPocket wallet. The yield depends on the amount of liquidity you provide and on market conditions.
In this article we systematically walk through the entire process of using the TokenPocket wallet for SHIB‑USDT liquidity mining—from preparing the wallet and adding assets to the actual execution steps. We also analyze the key factors that affect mining rewards, helping beginners get started quickly and assess potential returns. For detailed information, keep reading.
SHIB Mining Tutorial
How to mine Shib?
The SHIB (Shiba Inu) whitepaper describes two currently supported mining methods: LP liquidity mining and Bury staking mining. Below we use SHIB‑USDT liquidity mining as an example to present the full procedure.
Step 1: Prepare Your Wallet
- Download the TokenPocket (TP) wallet.
- Create a HECO chain wallet and write down the mnemonic phrase, storing it safely.
- In the wallet’s lower‑left Assets page, tap the + button at the top right, search for and add the three assets SHIB, USDT, and HT.
- Select the SHIB asset and click Receive to copy the deposit address.
- Open the Huobi Wallet (虎符) app, go to the Wallet Account page, and transfer SHIB, USDT, and HT from Huobi to the corresponding TokenPocket addresses on the HECO chain.
After completing these steps you can proceed to the liquidity mining stage.
Step 2: Join Liquidity Mining
- In the TP wallet, tap Discover → Hot Recommendations and select Pippi Shrimp Swap, or type the name directly into the search bar. The app will default to the HECO wallet.
- On first login, tap the upper‑right ≡ → Unlock Wallet, and choose TokenPocket to link the wallet.
- Go to the Exchange page, switch to Pool → Add Liquidity.
- Pair your held SHIB and USDT in equal value, click Approve to grant permission, then click Supply to complete the deposit. The platform will issue SHIB‑USDT LP tokens to you.
- Return to the home screen, open Farm, locate the SHIB‑USDT LP pool, click Select, then perform Approve SHIB‑USDT LP.
- Enter the amount of LP tokens you wish to stake, confirm, and the stake will be recorded (each approval requires a small amount of HT as a network fee).
- In the pool interface, click Harvest to claim the rewards generated by your liquidity provision. The reward token is pipi; you can sell it directly on the Pippi Shrimp Swap exchange page or withdraw it back to Huobi (Huobi already supports the pipi/USDT trading pair).
Yield Explanation
- Yield is influenced by the amount of LP you stake, the platform’s reward multiplier, and the price fluctuations of SHIB and USDT.
- Specific APRs vary with market conditions; assess them according to your risk tolerance and investment plan.
Note: All asset transfers, withdrawals, and approval transactions must be executed on the HECO chain, so ensure you have enough HT to cover on‑chain fees.
The above steps constitute the complete process for obtaining free SHIB tokens via liquidity mining. For more detailed SHIB mining information, follow the upcoming articles from Bitaigen.
Additional Global‑Market Considerations
- If you need to convert fiat to USDT, you may use services that support USD transfers via SEPA or SWIFT.
- U.S. residents should conduct any fiat‑on‑ramp or off‑ramp activities through Binance.US rather than the global Binance platform.
- Cryptocurrency gains may be taxable in your jurisdiction; consult a tax professional to understand local reporting obligations.
Related Reading
- TokenPocket (TP Wallet) Review: Multi‑Chain Digital Wallet from China
- How to Set Up an HECO Wallet for Huobi Public Chain Mining
- Shiba Inu (SHIB) Token Supply, Liquidity & Price Analysis – 2024 Guide
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