Shitcoin offers "Shit Farming," which is its term for yield farming, through its STC-BNB liquidity pool on PancakeSwap. To participate, you need to deposit an equal amount (in value) of STC and BNB tokens into the pool. You'll then earn a share proportional to your stake of the transaction fees earned by that pool.
Unique risks
Shitcoin obviously isn't a serious project. It's one of those cryptocurrencies where the name is pretty much the only reason it exists. There's nothing it does differently from thousands of other crypto tokens, so the only reason to purchase it is the fact that it's called Shitcoin.
While buying this crypto would be a bad idea no matter what, the transaction fees take it from bad to worse. As previously noted, there's a 6% fee to buy Shitcoin and a 9% fee to sell it, for a total of 15% in fees to buy and sell Shitcoin.
Is Shitcoin a good investment?
There's no good reason to buy Shitcoin, and, if you do, you're most likely going to lose money. It's clearly never going to be an investment, so the best-case scenario is that people think it's so hilarious they just have to buy it.
That does occasionally happen with joke crypto tokens; Dogecoin (DOGE -4.37%) and Shiba Inu (SHIB -2.96%) are the most famous examples. But it's rarer than you might think. We hear about the jokes that made money, but there's far less talk about the thousands that never did anything.
Shitcoin had a little success early on, but after that, the price tanked. It lost more than 98% of its value within months, and the market cap was only about $20,000 near mid-2022.
There are exciting possibilities out there when investing in cryptocurrency, but this isn't one of them. Stick to serious projects that are aiming to solve real problems. With joke tokens, it's only a matter of when -- not if -- they'll collapse.