All about Shiba INU Coin in One Shot (with audio)

SHIB, a recent cryptocurrency, has already seized control of some Dogecoin markets. The cryptocurrency has been nicknamed the “DOGE killer” since its symbol is a Shiba Inu dog breed, which is identical to the doge meme used by dogecoin. Users can hold Billions or even Trillions of SHIB tokens. It is a ERC-20 token . In this article, we are going to understand Shiba INU Coin.

Timeline

• Shiba Inu was founded in August 2020 by the anonymous creator known as Ryoshi and was modeled after Dogecoin. The token’s price was negligible at the time, rising to US$0.000002 on April 20.
• The price soared to over $0.000009 on May 9, reaching a high of $0.0000388 on May 10. According to CoinMarketCap, it had a market capitalization of more than 13 billion at the time, making it the 14th largest market capitalization in the cryptocurrency market.
• By 13th May, the price had dropped to $0.000018, a decrease of more than 40%, on the same day that Vitalik Buterin donated more than 50 trillion Shiba Tokens to India’s COVID-Crypto Relief Fund which is run by Indian crypto entrepreneur Sandeep Nailwal.

Supply

Limit is one quadrillion. Here is the distribution:

• 50 percent of the total stock was locked to Uniswap, and the remaining 50 percent was burned to Vitalik Buterin.
• This was done to ensure that all must buy on the open market for a fair and full distribution.

Reasons Why ETH was chosen

As Shiba is a ERC-2O token. Some Reasons for this are:

• As ETH is secure, well established, and truly decentralized as the project(Shiba) was free to change and can evolve with zero outside regulations.
• As ETH v2.0 is coming. It will make transactions faster and cheaper which will help ShibSwap which is focused on ERC-2O tokens and Ethereum Blockchain.

Future Projects by Same Developers

It is currently based on Ethereum and has little or no underlying use cases or meaning. Some other projects are:

Leash:

• It was intended to be a rebase token which is tied to the price of Dogecoin.
• It has the opposite appeal of Shib, with a total circulation of just 100k tokens.
• It incentivizes those who provide liquidity with special rewards.

Bone:

• Next token is BONE Dogecoin Killer
• Named as Shiba Inu Bone.
• It will be available soon and it’s goal is to brings Defi’s strength to the next level.

Shibaswap:

• It is a decentralized exchange.
• It is currently undergoing security tests, audits and final updates to prepare for a safe launch.

Rescue:

• Many Shibas need to be saved all over the world.
• As a result, a initiative to raise funds for this cause by using the built-in Amazon Smile feature.
• This helps any Shiba Inu member to help Rescue Shiba by simply using while placing orders and designating Shiba Inu Rescue Association.
• Automatically, a portion of the sales are donated to charity.

Where to Buy

In India; Shiba can be purchased through the WazirX , BuyUCoin and BitBnS. It has been listed on
be exchanged on ShibaSwap, Kucoin, CoinBene, Probit Global, Binance, Huobi, and OKEx.

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