One SHS is backed by one Kenya shilling or asset with equivalent fair value, which is held in accounts with Central Bank of Kenya regulated financial institutions.

SHS is a digital currency token that bridges the Kenyan Shilling with the benefits of decentralized ledger technology.

Stable

SHS is pegged 1:1 to the Kenya Shilling, which means 1 SHS is always valued at 1 Kenya Shilling.

Fast

There are no dependencies—settlement houses, card processors or banks. All SHS transactions are confirmed in 10 - 20 seconds.

Reliable

SHS is backed by one Kenya shilling or asset with equivalent fair value, which is held in accounts with C.B.K regulated financial institutions.

Public

SHS is open-source and transparent. Every transaction is recorded publicly on the blockchain and can be verified by everyone.

Transparent

The value of our reserves are publicly available on the blockchain - anybody with an internet connection can audit them.

Secure

Shilingi’s smart contract has been audited and verified by Techrate.

Supported Exchanges

What is SHS?

SHS is a digital representation of the Kenyan Shilling on the blockchain. SHS doesn’t require a bank account. It doesn’t require that you live in a particular geography. And you can send SHS around the world in just a few minutes.

Why should I use SHS?

You should use SHS if you’re a cryptocurrency trader or investor who wants a hassle-free and fast way of trading cryptocurrency against the value of the Shilling. All SHS transactions are done on the blockchain so there are no transfer limits or banking delays.

How can I trust that 1 KES = 1 SHS?

one NGNT is backed by is backed by one Kenya shilling or asset with equivalent fair value, which is held in accounts with Central Bank of Kenya regulated financial institutions.

Is SHS a Legal Tender? (No)

It is not legal tender. Shiling Token (SHS) is not the Kenyan Shilling. It is digital currency pegged to the value of the Kenyan Shilling.

What are the token's contract addresses?

Ethereum Blockchain: 0x0303aba5ef4d9aad789eb90f5f432a4dd018be2f

Binance Smart Chain: 0x6afe02f9fc9978aa919733819ad5b7a39b3b5569

How can I send SHS without using ETH as gas?

You can send SHS without ETH from your Bitdax Wallet

Open-source

Community

Join our Telegram community of traders, developers, enthusiasts and stakeholders to discuss the future of SHS and digital money in Africa.

If you’ll like to contribute to SHS and change the financial landscape in Africa by minting, issuing and redeeming the token, send us an email at shilingi@bitdax.io