What Is SHIBA INU (SHIB)?
Once upon a period, there is a very special dog. That dog was a Shiba Inu, and this dog inspired millions of people around the globe to invest money into tokens with the dog’s image on them.
In line with the SHIBA INU website, SHIB could be the “DOGECOIN KILLER” and is going to be listed on their own ShibaSwap, a decentralized exchange.
Founders of SHIBA INU
The SHIBA INU WoofPaper has three reasons why their team created SHIB:
“We started from zero, with zero.”
“The brilliant minds behind Shib had never collaborated before.”
“We love Shiba Inu Dogs.”
What Makes SHIBA INU Unique?
The SHIBA INU website invites dog-inspired artists from all around the world to foster the “artistic Shiba movement” while they bring their SHIBA INU community into the NFT market.
SHIBA INU has also created a plan using Amazon Smile in order to collect donations for rescue real, live Shiba Inu dogs with the Shiba Inu Rescue Association.
How Many SHIBA INU (SHIB) Coins Are There in Circulation?
The SHIBA INU website notes they locked 50% of the full total token supply on Uniswap and “threw away the keys!” The residual 50% was “burned to Vitalik Buterin.”
There are several other tokens described on the SHIBA INU website — LEASH, which has “been unleashed and won’t rebase,” BONE, the “Dogecoin Killer” (which is not even available at the time of May 2021).
In the WoofPaper notes, you will use SHIB to DIG for BONES or ShibaSwap, as well as BURY your tokens. “Trainers” can teach their Shibas to SWAP tokens as well — most of these actions create “Returns,” which can be put into the Puppy Pools, where in actuality, the #SHIBARMY has the option of BURYING or DIGGING for BONES.
On May 1, 2021, dog-meme tokens like Shiba Inu saw transaction volumes in the huge selection of an incredible number of dollars.
On May 13, Vitalik Buterin (who was presented with 50% of the token supply by the developers) announced he was donating a large amount of these tokens to a fund helping India with COVID relief. The SHIBA developers had not anticipated Buterin selling his tokens, so the relief fund (as of May 18) will need to navigate how to market the tokens to utilize the money on aid without preventing market shocks in the SHIB market. At the news headlines of Buterin’s announcement, SHIB dropped 44%.
SHIBA INU Network Security
According to 22-page-long SHIB’s WoofPaper, SHIB is dependant on Ethereum, a proof-of-work blockchain currently transitioning to proof-of-stake.
Where Can You Buy SHIBA INU (SHIB)?
SHIB is listed on Huobi, Binance, Gate.io, Uniswap, and OKEx, among other exchanges.