Shilling

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Categories: Cryptocurrency

Shilling refers to the promotion of a cryptocurrency for the person’s own personal benefit. Although the term didn’t originate in crypto, its use in the space became widely popular. People that would shill are likely those that have invested in a particular cryptocurrency that isn’t performing as well as they hoped and are trying to persuade other people to buy it so that the price would go up. Essentially, it’s all for personal gain.

Shilling (Wikipedia)

The shilling is a historical coin, and the name of a unit of modern currencies formerly used in the United Kingdom, Ireland, Australia, New Zealand and other British Commonwealth countries.

A 1933 UK shilling
1956 Elizabeth II UK shilling showing English and Scottish reverses

Currently the shilling is used as a currency in five east African countries: Kenya, Tanzania, Uganda, Somalia, as well as the de facto country of Somaliland. The East African Community additionally plans to introduce an East African shilling.

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