Shiba INU (SHIB) is an altcoin built on the Ethereum blockchain. Inspired by the famous Japanese hunting dog Shiba.
What is a Shiba INU (SHIB)?
Shiba INU was created by the person or people using the nickname ‘Ryoshi’ and was released in August 2020. Shiba INU was designed with a project described as a ‘decentralized community building experiment’. Shiba INU runs on the Ethereum network. It has its own decentralized exchange called ShibaSwap. SHIB and other cryptocurrencies can be bought and sold on ShibaSwap. Puppy Pools can be “mined” to provide liquidity or tokens can be “embedded” into smart contracts to generate SHIB returns The Shiba Inu (SHIB) ecosystem is fully under the control of the Shiba Inu community.
Shiba founders have stated that they are trying to create something from nothing, from scratch. Shiba, which was created as an answer to the question of how to be managed by the community, has named this community SHIBArmy. With nearly 500 thousand members, the project was started from scratch, with the spirit of creation from nothing. It is not based on an existing community or team.
The famous Japanese hunting dog, the Shiba, was inspired, and the members of SHIBArmy are full of love for the shiba dog. Over time, the Shiba INU has become a fundraising project for rescue operations, supporting artists who produce dog-themed works in the NFT market.
SHIB Coin
SHIB Coin is a cryptocurrency created in the ERC-20 standard on the Ethereum blockchain. Shiba coin is the cryptocurrency of the Shiba Inu ecosystem. Supported by its community, SHIBArmy. Initially, it was conceived as a prank token as an alternative to Dogecoin (DOGE).
However, as the Shiba Inu ecosystem developed over time, various functions emerged. The ecosystem consists of SHIB coin, LEASH coin and BONE coin. The limited supply token of the Shiba Inu ecosystem is the LEASH coin. BONE is the governance token of the ecosystem. Thanks to the Shiba Inu, the SHIB community has moved to the NFT market.
Initially, the SHIB supply is 1 quadrillion total. When SHIB was first launched, its creator, nicknamed Ryoshi, locked 50% of the supply in Uniswap to provide liquidity. Uniswap is an automated market maker (AMM) protocol on the Ethereum blockchain. It is one of DeFi’s most successful projects. The remaining 50% was sent to Ethereum co-founder Vitalik Buterin.
Shiba supports artists who produce Shiba dog-themed works and raises donations with SHIB coins for rescue operations. It gained great popularity in 2021 and became one of the highest market value cryptocurrencies.
Where and How to Buy SHIB Coin?
Shiba coin (SHIB) is traded on many exchanges. To these; Examples are exchanges such as Binance, Kucoin, CoinBene, Probit Global, CoinDCX, WazirX, Crypto.com, Huobi, Gate.io and OKEx. You can get Shiba Coins by opening an account on the preferred platform.
For example, to buy Shiba coins on Binance, log in to the Binance account and select the classic or advanced trading page from the Buy-Sell tab at the top of the page. Then type ”SHIB” in the search bar and click on the trading pairs. Go to the spot box and enter the desired SHIB amount. The desired order is given and the BUY SHIB confirmation button is clicked. Purchased SHIBs are sent to the wallet.
