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SHIBA INU basics
SHIBA INU is an ERC-20 token named after the Shiba Inu dog, which serves as the community's symbol currency. The tokens are referred to as Meme Coins on the platform's official website. Shiba Inu is also referred to as the "doge-killer"
SHIBA INU token type
Shiba Inu is a Decentralized Meme Token that has evolved into a thriving ecosystem. Shiba Inu was created with the intention of creating a fair and honest cryptocurrency that allows everyone to utilize SHIB as a dependable currency for transactions and value sharing. Shiba Inu's development team established ShibaSwap, its own DEX, so users may earn more tokens by providing liquidity or staking their assets using two tokens, Leash and Bone. Shiba Inu is inexpensive to purchase and utilize for payment. Token holders may either bury their SHIB tokens and get xSHIB from the xSHIB pool, or they can dig their holdings and receive a Shib-Eth SSLP portion of the pool.
SHIBA INU history and first price
Starting with a supply of one quadrillion (1,000 trillion), SHIBA founder "Ryoshi" locked half of it in Uniswap (for liquidity) and gave the other half to Ethereum co-founder Vitalik Buterin for safety. Buterin contributed more than 50 trillion Shiba Inu coins, worth more than $1 billion at the time, to a COVID-19 relief fund in India in May 2021, when the country was hit by the delta strain variant of Covid-19.
Shiba Inu is a token that operates on the Ethereum blockchain for increased security and convenience. The term originates in Japan and refers to a certain dog breed.SHIB was formed secretly in August 2020 under the alias "Ryoshi." During the ICO, 1 quadrillion tokens were distributed, with 500 trillion tokens given to Ethereum co-founder Vitalik Buterin. Buterin contributed 50 trillion tokens to the India Covid-19 relief fund, while the rest 450 trillion tokens were burnt to a dead wallet. The term "burned" refers to tokens that are still present on the blockchain but are locked away and will never enter circulation. The remaining 500 trillion tokens were locked in Uniswap, and the private keys were discarded by the authors.
The team released 10,0000 Shiboshi NFTs via the opensea platfom
Launch of shibaswap with three pools(ETH-USDT,LEASH-BONE,SHIB-BONE)
The launch of the DoogyDao allows community members to have voting power towards project development. The initial release of the DAO 1 (Beta phase) is focused on giving the community governing the right to choose crypto projects and pairs on the ShibaSwap WOOF Pools, as well as how the $BONE allocations will be split among users in the future of the Decentralized Exchange.
Shiba Inu Presents SHIB Metaverse With Over 100K Land Plots
Burn portal address was created to reduce the circulation of SHB tokens thereby increasing the scarcity of the token. SHIB being burnt are transferred to the burn address which can not be retrieved.
However, while SHIB still gets connected to the ETH Layer 1. The Dev team announced the development of its own Layer 2 scaling blockchain. The major aim is the reduction of the high transactional gas fee from the ETH layer 1
SHIBA INU supply limit
Fixed Supply, Programmatic Burn
SHIBA INU governance
Direct On-Chain Vote
Bone is the governance token for SHIBA. Bone has a circulating quantity of 250,000,000 tokens and is exclusively accessible on the Shiba swap. Furthermore, the token is a Governance token, allowing shibarmy to vote on suggestions for 2022, as well as which token pairings will be introduced to shibaswap. Each bone equates to the voting power.
You can transfer your SHIBA INU holdings and store it safely with Cropty wallet. Cropty secures safety of your holdings through various verification options like using password, authenticator app, Face ID, Touch ID and backup codes. You can be sure no one can get access to you SHIBA INU holding except you.
The Cropty wallet provides the most convenient application for storing and transfering SHIBA INU. Cropty targets to become one the best crypto wallets for Android and iOS in 2023. Cropty provides convenient application and secure custodial services, built for crypto beginners, as well as for crypto-savvies.
- Sign up to SHIBA INU wallet.
- Top up your balance with SHIBA INU.
- Store, trade or deposit your SHIBA INU.
- Get SHIBA INU deposit interest directly to your Cropty wallet.