What is Shiba Inu Coin Token?

Shiba Inu (SHIB) is a decentralized meme token that was created in August 2020 by an anonymous person or group called Ryoshi2. It operates on the Ethereum blockchain as an ERC-20 token, allowing it to interact with various decentralized finance (DeFi) projects that share the same blockchain1.

History of Shiba Inu Coin

Shiba Inu was launched on the Uniswap decentralized exchange (DEX) to capitalize on the Dogecoin craze. The project was created with 1 quadrillion SHIB tokens, and half of them were sent to the wallet of Ethereum co-founder Vitalik Buterin. The other half was transferred to Buterin, who later burned 90% of the tokens, donating some to charity and the rest to the India COVID-Crypto Relief fund2.

What’s Next for Shiba Inu Coin?

The creators of Shiba Inu aim to turn it into a full-fledged decentralized ecosystem, eventually transferring 100% of rights to the community to manage the protocol without a governing body2. Future plans include the development of a Shiba Inu metaverse, which promises to be a virtual universe where the Shiba Inu community can play together, network, and create a thriving digital asset economy3.

What can Shiba Inu Coin be Used For?

Shiba Inu can be used for various purposes within the ecosystem, such as trading on decentralized exchanges like ShibaSwap, providing liquidity, staking, and swapping any of the three Shiba Inu tokens1.

Where can you buy Shiba Inu Coin?

Shiba Inu can be bought through centralized and decentralized exchanges, including Binance, Coinbase, Kraken, Huobi, and Uniswap1. Users can also purchase Shiba Inu using a credit or debit card through platforms like Changelly1.