Skip to main content

What is Shiba Inu (SHIBA)?




 What we are talking about here is not investment advice.


Recently, SHIB, which is a favorite coin of crypto currency investors, began to mention its name in 2021. SHIB, which has gained a place in the crypto currency market with the support of Elon Musk and Reddit along with individual investors, has indeed announced its name as the dogecoin killer.


What is Shiba Inu (SHIBA)?


This coin from the dog breed has created a crypto currency called Shiba Inu, which uses the abbreviation SHIB. According to the statement on the official website, the SHIB represents an experiment in creating a decentralized community.

However, apart from the market capitalization caused by the rising price and the growing community, it remains a controversial issue whether SHIB will indeed become a permanent cryptocurrency going forward. At the end of the day, SHIB is an Ethereum-based ERC20 token that is described as a “Dogecoin Killer” within the project community.

A total of 1 quadrillion tokens, 50 percent of SHIB's resource is locked into Uniswap as liquidity. But the whereabouts of the other half is an interesting topic. The SHIB team has sent 500 trillion tokens to Vitalik Buterin, the co-founder of Ethereum. It is possible to follow the transactions easily. While it is known who the founders of Dogecoin are, it is not yet clear who the founder of SHIB is. The anonymous founder stated the following on the subject in the project's Whitepaper:

We sent more than 50 percent of the total supply to Vitalik. As long as Vitalik Buterin does not block us, SHIBA will grow and become permanent.

SHIB has increased by 300 thousand percent since February 2021, and the value of the SHIB tokens held by Vitalik Buterin has become much more valuable than the ETH he owns. As of the time of writing, the ETH owned by Buterin is worth about $ 1.4 billion, while the SHIB in his account is worth about $ 15 billion.

It is worth noting that some of the supplies of other dog-themed tokens, such as Akita Inu and HUSKY, following in the footsteps of Shiba Inu, also sent to Vitalik. In addition to the 50 percent held by Buterin, there are two other wallets that collectively hold 10 percent of the supply and risk creating serious price drops if they decide to sell these coins to the market.

Shiba Inu consists of three tokens as SHIB, LEASH and BONE. When the decentralized exchanges Shiba Swap are ready to pass certain security tests, users will be able to earn rewards by sharing their tokens. To stake SHIB, users receive xSHIB and LEAP – for xLEASH and BONE – for stake, tBone. As for the White Papaer, the incentives appear in the following picture: There are also incentives for XLEASH and tBONE owners.

How to buy Shiba Inu?


Due to the rise leading crypto currencies which have taken place between Shibin, the world's largest crypto currency exchanges on Binance Huobi, OKEx, KuCoin, such as through exchanges to purchase.



Comments

Popular posts from this blog

Making money by developing apps and making software

It is possible to make money on the Internet with software after having a sufficient command of programming languages ​​in the initial stage. As we said, if you improve, it's time to find a project that generates benefits for you. To do this, you can start investigating from your inner circle. Ask people who have businesses near you if they need software to make your job easier. Since people who don't understand software logic will have a hard time answering your question even if they need it, you can submit your offer with software tips that will make their job easier. In case it is your first job and you want to get a reference, you can also offer the first project you will carry out for free. The software you offer for free should be useful, and the person you offered as a reference for the facilities you provide will help make the next process a lot easier. When you start developing applications, it will not be difficult for you to generate an amount of income that you did

TOP 10 CRYPTO OF THE WEEK | PRICE ANALYSIS

Bitcoin, which has been pushing its $ 50,000 price for months, seems quite likely to rise, even if it gives its investors a breather. Bitcoin, which rose to $ 50,000 today for the first time since May 15, has overcome psychological barriers and led to many altcoin prices rising with it. Some analysts are predicting a jump in the BTC price, as it did in 2017, "from $ 10,000 to $ 20,000 in 18 days.’ If we look at the index of fear and greed, extreme greed has risen to 79. A few months ago, Extreme Fear appeared in 22. It must be an indication that emotions change in a short period of time. On 22 August 2021, Paypal announced that it would offer cryptocurrency services to UK citizens. PayPal has more than 2 million active users in the UK. BTC/USDT According to analysts ' analysis, BTC/USDT parity can fall to 42 thousand dollars when purchases decline. But if the upward momentum continues, it is possible to see a resistance level of 58,000-60,000 dollars. As long as the bull marke

Find out if you're an entrepreneur in 25 questions

Imagine that you are sailing on a boat, and only the same amount of money as your capital is available on your boat. As your idea evolves, think of your boat as growing and better equipped. That's how you fight the sea, the ocean, the wind, the storm. How far offshore you can go will be in control of your knowledge. What storms to dive into or how to survive a storm that finds you depends on your skills. Knowledge and skills are the 2 most important elements that feed an entrepreneur's idea. And imagine that you have a boat that is too small for storms to fight, so you have a build-up. 't how far you can get. These are questions that can almost measure whether you are potentially an entrepreneur. 1) can you deal with it when you're disappointed and start working again in a positive mood? 2) would you be happy to be the center of attention? 3) is it easy for you to be organized? 4) Do you think you can control your life in a discipline? 5) are you ready to take risks at