I. What is Shiba Inu?
SHIB is a Shiba Inu project cryptocurrency that was created in the form of an ERC20 token and is given as compensation to investors that trade on ShibaSwap, a decentralized exchange that is also a Shiba Inu project product.
When the concept was first conceived, its creators adopted the idea of the coin’s emblem, which depicts a Shiba dog that is both adorable and fierce when it has sharp fangs expressing greed. Hoping to convert SHIB into a Doge Killer.
When SHIB has a roaring increase of more than 36,000% in a little more than 30 days, it is also one of the most popular coins. This token has also been formally listed on Binance, the biggest exchange in the world.
II. History of Shiba Inu
The Shiba Inu tokens are inspired by dogecoin – a cryptocurrency created as a joke in 2013 that featured the popular Doge meme as its symbol. Shiba Inu is currently attempting to mine the substantial following that Dogecoin (DOGE) has finally attracted. Shiba Inu wants to build a truly community-powered decentralized cryptocurrency.
III. Striking Features of Shiba Inu
The reason why Shiba Inu Coin increased in price “suddenly”?
Here are the 4 main reasons for the miraculous growth of the Shiba Inu cryptocurrency.
Responding to the Dogecoin trend
Shiba Inu prices have increased significantly as a result of the response to the Dogecoin movement. The Dog Shiba story has given rise to new ideas about capitalization pressure and short-term growth. Shiba Inu coin thus acquired a portion of Doge’s capital as soon as it was listed and experienced quick growth.
The huge fans from the “loving meme” community
It is undeniable that the crowd effect from the meme-loving community has contributed greatly to the success of Shiba Inu Coin. With over 300,000 followers on Twitter and 70,000 members on Reddit, any news regarding Shiba Inu Coin will generate a strong response.
Stable supply control
Due to the transparent supply policy from the beginning, the Shiba Inu project team always makes investors feel secure because it is divided into two parts: 50% is given as a reward and the remaining 50% is deposited into the Vitalik wallet.
Advocates will not fear the release and the sudden “escape” of the developers. However, the fact that Vitalik sold 50% of the supply for a profit of billions of dollars is still a question that makes many users skeptical.
IV. What is SHIB?
1. Detailed Information about SHIB
- Name: Shiba Inu
- Token: SHIB
- Contract: https://etherscan.io/token/0x95aD61b0a150d79219dCF64E1E6Cc01f0B64C4cE
- Total supply: 1,000,000,000,000,000
- Token Standard: ERC 20
- Price when listed: 0.00000001 USD
- Total supply: 1.000.000.000.000.000
2. SHIB Allocation
Since its release, the SHIB coin has been locked 50% in Uniswap. The remaining 50% has been transferred to Vitalik Buterin – Founder of the Ethereum platform. Soon after, Vitalik sold a part of SHIB with a value of up to $1B to give to India Covid Releaf Fund for charity.
Vitalik has started burning an amount equivalent to 40% of the total supply of SHIB coins. This also contributes to the strong development of SHIB.
3. SHIB Noticeable Milestones
- Listing (Project Token) Noticeable Milestones (Plans, Expectations, Revenues)
4. Use Cases of SHIB
- Listing all (Project Token) use cases & their benefits
V. How to earn & own SHIB?
Shiba Inu Coin Exchange (SHIB)
Currently, there are more than 30 exchanges around the world for you to find and buy this currency. Check out a few exchanges that are 0x Protocol, AOFEX, 1inch Exchange, BigONE, Bilaxy, BiKi, BiONE, BitForex, Bithumb Global, KuCoin, BitMart, BKEX, CoinBene, Uniswap (V2), CoinEx, DigiFinex, Gate.io, BW .com, HCoin, MXC.com, Hoo, Hotbit, Huobi Global, LBank, LongBit, OKEx, Hotcoin Global, Poloniex and XT.
SHIB is supported for trading on many large and small exchanges including: Binance, Huobi, MXC.com, Uniswap, Okex, etc. In which the largest volume belongs to 2 exchanges which are Uniswap and MXC.
VI. Which Crypto Wallets are suitable for SHIB?
SHIB is a coin developed on the platform of Ethereum, so you can use ERC-20 wallets such as: Metamask, Trezor, MyEtherWallet, Ledger, etc.
VII. Where can SHIB information be updated?
Currently, Crypto users can fully consult, research, and analyze information about SHIB through famous media newspapers such as Nasdaq, Bloomberg, Forbes, AP News, Yahoo!Finance, CoinTelegraph, Coindesk, etc.
These media are constantly updated with useful information, new activities, outstanding events of SHIB and all the topics surrounding it. Accordingly, Meta Lion Ventures continuously updates the topic of outstanding projects in Blockchain and hot events organized between Meta Lion & partners.
VIII. FAQs about Shiba Inu
- Should I invest in SHIB?
Many investors are currently interested in the “meme coin” movement known as Shiba Coin. Many people became overnight billionaires as a result of SHIB, but there were also many instances where they had nothing to lose.
For a brief period of time, you can follow this trend and make substantial arbitrage gains. But before you invest, you must undoubtedly think carefully and gain as much knowledge as possible to avoid the worst circumstances.
- What are the official channels of information about the Shiba Inu project?
In conclusion, following a trend to earn a huge profit is still very attractive to many investors. However, great opportunities will also come with high risks, so before participating in this market, we advise you to research and consider carefully.
Above is all the basic information about SHIB that has been compiled by Metalion Ventures. That is Meta Lion’s comment on the Shiba Inu project which is our personal opinion, this is not investment advice at all. Investors should be responsible for their own decisions.