If you are interested in learning about the doge-based SHIB coin, read this article. This cryptocurrency is a doge-based ERC-20 token compatible with the Ethereum network. Buterin created the currency in 2014 and has since gained a lot of popularity. However, it is unlikely to reach $1 in the near future. However, with a solid trading history, Shiba may become a $1 coin in the next decade.
SHIB is a doge-based cryptocurrency
Unlike Bitcoin, SHIB Coin is a doge mascot. Doge coins have a limited supply, but the Shiba Inu token is a doge mascot. It is worth $0.00003359 per SHIB. The token can be traded on any decentralized exchange. As a decentralized exchange, SHIB can also be integrated into Ethereum-based DeFi applications.
It was created by Vitalik Buterin
Earlier this year, SHIB jumped by 82% in value after SHIB co-founder Vitalik Buterin decided to donate the majority of his SHIB tokens to charity. He did this by airdropping some of the coins to charities, and later donated the remaining 10% to another charity. Buterin has since made many public appearances, publicly praising the charitable memecoin community and urging others to do the same. Buterin has since been accused of being a kingmaker, and his actions have made the price of SHIB plunge.
It is an ERC-20 token
The Shiba Inu ecosystem uses canine terms throughout the ecosystem, including the “SHIB” token. This will incentivize users to become liquidity providers by offering a unique total supply and an automated market-making protocol. The Shiba Inu team hopes to enter the DeFi space through its Artist Incubator program. The Shiba Inu ecosystem will use Ethereum smart contracts to create a new form of payment network.
It is compatible with the Ethereum network
If you’ve heard of SHIB Coin, you’re probably wondering how to send it to someone. The answer is simple. Just like with any other cryptocurrency, SHIB is an ERC-20 token, which means it’s compatible with the Ethereum network. To send SHIB to a recipient, you’ll need ETH. You can find an exchange’s SHIB address on the account tab. Once you’ve copied the SHIB address, you can paste it into the exchange’s withdrawal interface.
It is a governance token
Shiba Inu is developing a new cryptocurrency, SHIB Coin, that will enable its investors to vote on proposals. The token has a total supply of 250,000,000 and is used as a governance token in the Shiba Inu ecosystem, which includes the Shiba Incubator for Art and the DoggyDAO. The #ShibArmy donates funds to help save the breed of Shiba Inus. While the token originally started out as a DOGE, the community has worked to give it a real-world utility.
It is available on several major exchanges
Currently, SHIB Coin is available on several exchanges, including Binance, Coinbase, and KuCoin. Although Kraken initially promised to list it on Nov. 2, they backed out after receiving over 50,000 likes on a tweet. In the meantime, there is a petition circulating around the Internet that calls for the currency to be listed on Robinhood. Since SHIB is decentralized, users must use a software wallet to exchange it with other currencies. Several of the major exchanges support the cryptocurrency, but you will need a software wallet to exchange it.
Its price is expected to be $0.00001307
SHIB’s popularity skyrocketed after it was listed on Binance. Elon Musk even tweeted about getting a Shiba Inu dog in March 2021! Then in April, Jordan Belfort endorsed the coin and it became a global sensation! Let’s see how this crypto currency’s price will affect its community. What’s next for SHIB?