What is Shiba Inu coin and how to get it? FAQs about SHIB


After the incredible rise of Dogecoin, especially with the support of Tesla CEO Elon Musk, investors began to look for the next Dogecoin. At this point, interest in cryptocurrencies similar to Dogecoin has also increased. Shiba Inu coin (SHIB token) is one of them. As it is known, Dogecoin is also ‘Shiba Inu’ themed. The Shiba Inu is also a Japanese breed of dog.

What is Shiba Inu coin (SHIB)?

So what is a Shiba Inu coin? The Shiba Inu coin is described on its official website as a “self-generated decentralized community building experiment”. SHIB is essentially an Ethereum-based ERC-20 token. Shiba Inu (SHIB) is listed on the ecosystem-owned decentralized exchange ShibaSwap and is also featured on exchanges such as Gate.io, Uniswap, Poloniex, and OKEx.

Abbreviation: SHIB

Blockchain: Ethereum

Token standard: ERC-20

Total supply: 1 quadrillion

Circulating supply: 395 trillion (as of 15 June 2021)

On the website it says for SHIB:

“This ERC-20 token, nicknamed the DOGECOIN KILLER, could be under a penny or outrun Dogecoin in a short time.”

As of June 15, 2021, the price of Shiba Inu coin is $0.000007101. The market value of the project is shown as 2,815,326,706 dollars.

SHIB coin review: Is it reliable?

Investing in cryptocurrencies is high risk. First of all, it is necessary to invest in crypto money by being aware of this risk. Prices vary widely, so losing the money invested should be considered.

Experimental projects that are new to the market and have not yet proven themselves, especially like the Shiba Inu, involve a bit more risk than others.

How to get Shiba Uni (SHIB) coin?

Shiba Inu (SHIB) can be purchased from cryptocurrency exchanges. SHIB is listed on decentralized exchanges such as Uniswap, as well as centralized cryptocurrency exchanges such as OKEx, Gate.io, and Poloniex.

When did SHIB coin come out?

SHIB was launched last year. The first price data for SHIB is available from August 2020, so it would not be wrong to say that the project was released at this time.

SEE ALSO; 12 Cryptocurrencies Inspired by Dogecoin, Including SHIB

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