What is SHIBA INU (SHIB)?
The Shiba Inu token was created anonymously in August 2020 by a developer nicknamed "Ryoshi". The investor community was attracted by the cute charm of this cryptocurrency, and the attention given to it by celebrities such as Elon Musk and Vitalik Buterin made it a news headline and trending on Twitter in a very short time. This allowed the information about Shiba Inu to spread quickly and subtly increased the value of Shiba Inu.
Shiba Inu aims to replace Dogecoin based on the Scrypt mining algorithm based on Ethereum. Shiba Inu and SHIB tokens belong to a large group of dog-themed cryptocurrencies, including Baby Dogecoin (BabyDoge), Dogecoin (DOGE), JINDO INU (JIND), Alaska Inu (LAS) and Alaskan Malamute Token (LASM). These lower-value tokens have attracted investors who missed out on Dogecoin’s run-up (Dogecoin’s price has risen from $0.0002 to nearly $0.75).
Once upon a time, there was a very special dog. It was a Shiba Inu, who inspired millions of individuals around the world to invest their money in tokens bearing its image.
SHIBA INU’s official website calls SHIB “the DOGECOIN terminator,” and SHIB will be listed on their own decentralized exchange, ShibaSwap.
Who are the founders behind SHIBA INU?
SHIBA INU’s white paper lists three reasons why the development team created SHIB:
“We started from scratch, with nothing.”
“The smart people behind SHIB have never worked together before.”
“We love Shiba Inus.”
What makes SHIBA INU unique?
After the R&D team brought the SHIBA INU community into the NFT market, they invited artists from all over the world who were inspired by dogs to promote the sustainable development of the "Artistic Shiba Inu Movement" through the SHIBA INU official website.
In addition, SHIBA INU also launched a campaign using Amazon Smile to raise donations with the Shiba Inu Rescue Association to rescue real-life Shiba Inus.
How many SHIBA INU (SHIB) coins are currently in circulation?
The SHIBA INU official website states that they locked 50% of the total token supply on Uniswap and "threw away the key"! The remaining 50% was "burned and given to Vitalik Buterin".
In addition, the SHIBA INU official website also mentions several other tokens, such as LEASH, which is currently launched and the supply is no longer adjusted, and BONE, known as the "Dogecoin Terminator" (as of May 2021, this coin is still in a state of non-tradability).
The white paper on the SHIBA INU website states that SHIB can be used to mine BONE, or buy and sell on ShibaSwap, and users can even choose to exchange tokens for proof of equity (BURY). "Trainers" can also teach their users to swap tokens - all of which will generate "revenue"; when the revenue is placed in the "puppy pool", #SHIBARMY can choose to exchange for proof of equity (BURY) or mine BONE.
How to ensure the security of the SHIBA INU network?
According to the 22-page SHIB white paper, SHIB is developed on Ethereum, a proof-of-work blockchain that is currently transitioning to proof-of-stake.
Where to buy SHIBA INU (SHIB)
SHIB can be purchased on exchanges such as Huobi, Binance, Gate.io, Uniswap and OKEx.