SHIBA INU Coin, an ERC-20 token operating on the Ethereum blockchain, is the native cryptocurrency of the Shiba Inu platform.
What is SHIBA INU (SHIB)?
Shiba Inu (SHIB) is a decentralized cryptocurrency created by an anonymous person or group known as Ryoshi in August 2020. It is an ERC-20 token operating on the Ethereum blockchain. SHIB defines itself as the “Dogecoin killer.” Shiba Inu does not have any smart contract features, nor is it backed by any assets or rights; it is merely a transferable token. Shiba Inu is a Japanese term for a dog breed; it is depicted in Dogecoin’s symbol and is essentially a joke cryptocurrency based on the Dogecoin concept.
On May 13, 2021, Vitalik Buterin sold Shiba Inu Coins worth over $1 billion and donated them to the India Covid Relief Fund. SHIB is listed on exchanges such as Binance, Coinbase Pro, KuCoin, CoinBene, ProbitGlobal, CoinDCX, WazirX, Crypto.com, Huobi, and OKEx. Shiba Inu developers recently launched ShibaSwap, a decentralized exchange offering Shiba Inu and its sibling token Leash holders the opportunity to earn rewards such as Bone, Ethereum, and Bitcoin through staking or providing liquidity.
Shiba Inu aims to spread the “artistic Shiba movement” to the masses, inviting artists inspired by dogs from around the world to the NFT market. Through the Shiba Inu Rescue Association, SHIBA is running a donation campaign with Amazon Smile to rescue Shiba Inu breed dogs.
Where to Buy SHIB Coin?
SHIB Coin can be securely bought and sold on Binance, the world’s largest cryptocurrency exchange by trading volume. Shiba Inu Coin is traded on Binance in the pairs SHIB/BTC, SHIB/BNB, SHIB/BUSD, SHIB/EUR, SHIB/RUB, SHIB/USDT, SHIB/BRL, and SHIB/TRY.
To buy SHIB, you must first register with the Binance exchange. After completing the registration, you need to transfer cryptocurrency or fiat currency to your Binance account wallet. Once the transfer is complete, you can buy Shiba Inu Coin from any of the eight pairs mentioned above. To buy from the SHIB/TRY trading pair, go to the interface of this pair. Enter the desired amount in the field indicated in the limit tab of the SHIB/TRY interface. After specifying the amount, complete the purchase by placing a SHIB Buy order.
