SHIB is an Ethereum based ERC-20 utility token that is created and hosted on the Ethereum blockchain. Out of which 50% were locked in Uniswap and the rest were transferred to Ethereum co-founder Vitalik Buterin of which 90% has been burned permanently which was valued at $6 Billion at the time of the burn. It started with a supply of 1000 trillion SHIB tokens. Like Dogecoin Shiba Inu’s SHIB token is also abundantly available with a total supply of one quadrillion (1000 trillion). SHIB is the native token of the Shiba Inu project and is being used as an incentive for using the ShibaSwap decentralized exchange. Tokenomics: How Many Tokens were Created? A project with multi billion dollar market cap that continues to attract a large following and is working on bringing significant value to the crypto ecosystem. Currently Shiba Inu ranks at 13 th top crypto project with a market cap of over 6.5 Billion USD. While there are many meme tokens this one particularly had a massive surge in 2021 pushing it to top 10 of the crypto charts by market cap. The Doge-Inspired Meme coin “Shiba Inu” received the nickname “Dogecoin Killer”. SHIBA INU (SHIB) token was created by an anonymous group and was launched in August of 2020. Started as just another decentralized meme token has now evolved into a vibrant ecosystem. Another unique factor is that the Shiba Inu’s token system supports a number of interesting projects including decentralized exchanges, Shiba art incubator ( NFT marketplace) etc. Understand the difference between a coin and a token. Shiba Inu is a project similar to Dogecoin except Dogecoin is a coin whereas Shiba Inu is an Ethereum based ERC-20 token. Its all speculative tokens and we highly recommend to do your own research before you invest your time and money into something. Its just a beginners guide showing you how to setup Shiba Inu wallet and use the SHIB token. Note: The following post is not a financial advise in any way. Also let’s look at Shiba staking and lastly we’ll show you how you can connect your SHIB wallet to ShibaSwap.īefore we get into the main topic let’s look at what is Shiba Inu? When was Shiba Inu introduced? How many tokens were created? What kind of blockchain does it run on? What is SHIB, LEASH and BONE? And the projects of Shiba INU mainly the ShibaSwap. Let’s see which wallet is the best to store Shiba Inu? How to transfer SHIB to and from exchange to your wallet? How to store and manage SHIB token using your hardware wallets such as Ledger and Trezor. How to store and manage your Shiba Inu (SHIB) token? Here let’s look at the non custodial SHIBA INU wallet options available for Desktop, Web, Android, and iOS. Storing, managing and staking Shiba Inu ‘SHIB’ digital asset. Here we’re making a guide on Shiba Inu wallet similar to our Dogecoin wallet guide. Please refer to our Terms of Use for more information.Shiba Inu (SHIB), nicknamed as Dogecoin (DOGE) killer is a competitor to Dogecoin and another popular meme token that runs on the Ethereum blockchain. Binance.US is not responsible for any loss that you may incur from price fluctuations when you buy, sell, or hold cryptocurrencies. The volatile and unpredictable nature of the price of cryptocurrencies may result in a significant loss. Risk warning: Buying, selling, and holding cryptocurrencies are activities that are subject to high market risk. Withdrawals will not be enabled until trading is live.ĭownload the Binance.US app to trade on the go: iOS | Androidįollow us on social media to stay up to date with Binance.US news and announcements:īinance.US reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. Please note: SHIB is temporarily only available for deposits. Binance.US users can now start depositing BUSD, USDT, and SHIB to their wallets in preparation for trading to go live. Trading for SHIB/BUSD and SHIB/USDT trading pairs will open on Wednesday, Septemat 9:00 am EDT / 6:00 am PDT.
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