Shiba Inu (SHIB)
![shib_logo]("https://leoexchanger.top/wp-content/uploads/shibainu-logo.jpg){kind=logo}
What is Shiba Inu?
Shiba Inu launched in August 2020 as a direct competitor to Dogecoin. The main developer of Shiba Inu remains anonymous and goes by the nickname “RYOSHI”. But, another 1 person anonymously worked on the creation of Shiba Inu, about whom RYOSHI spoke as an “unknown friend” and “a very influential person in the crypto industry.”
RYOSHI painted 3 principles that Shiba inu was created on, and this already makes SHIB a very peculiar cryptocurrency:
- Project costs must be $0.
- The creator does not contribute anything to the project, which means that he must buy SHIB coins just like everyone else.
- Promotion cost = 0 Shiba inu.
Shiba Inu (SHIB) – a cryptocurrency that runs on the Ethereum blockchain, has its own unique ecosystem, is a frequent target of speculation by different people, especially investors, and is one of the most famous “Meme coins ” (Mem coin). Normally, meme coins don’t do much for their own, but Shiba Inu is different. This is evidenced by the fact that the developers are trying to provide the owners of their cryptocurrency with something of value. In particular, in 2021 they launched a decentralized exchange. A few words need to be said about the Shiba Inu ecosystem. SHIB developers have made an ecosystem that consists of a decentralized exchange ShibaSwap and 3 cryptocurrencies – Shiba Inu (SHIB), Doge Killer (LEASH) and Bone ShibaSwap (BONE).
- Shiba Inu – was created and hosted on the Ethereum blockchain (ERC-20).
- Shibaswap is a decentralized exchange. This means that users can buy/sell SHIB and other cryptocurrencies without the participation of intermediary companies.
- In this way, users have liquidity and the ability to stake tokens to earn interest when using SHIB, LEASH and BONE tokens on the ERC-20 platform that exist in the Shiba ecosystem.
- Bone ShibaSwap (BONE): Bone is required for use as a platform governance token and has a capacity of 250 million coins.
- Doge Killer (LEASH): Launched as a rebase token that has “elastic token” functionality.
Where can I buy Shiba Inu?
There are two main places to purchase Shiba Inu – a crypto exchange such as Leoexchanger or on a crypto exchange such as WhiteBit.
What can you do with Shiba Inu?
SHIB is an incredibly interesting and highly volatile cryptocurrency that provides many opportunities to earn money through trading. Also, due to the high volatility, it can be considered as an investment tool for a long period of time.
SHIB price dynamics (USD)
As of August 2022, 1 SHIB is worth approximately $0.00001333. The total market capitalization is $7,320,388,419.
The price chart is shown below:
How to store Shiba Inu?
The best option is a crypto wallet. Basically, Shiba Inu is on the blockchain and you access the cryptocurrency using 2 types of passwords (public and private keys). A crypto wallet is similar to a financial application and with it you can store, send, receive, exchange and do other types of transactions using Shiba Inu.
More information:
