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What Is Shiba Inu, How and Where to Buy It?

Esat Demirtaş Send an email 13 October 2021Last Updated: 16 April 2023
5 minutes read
What Is Shiba Inu, How and Where to Buy It?

A new cryptocurrency has emerged for investors who want to take their place in the crypto money market and chase new projects with low prices; SHIB! Since the Shiba Inu seems to be a kind of opportunity due to its low price and being new at the moment, many crypto money investors have already started asking questions such as what is Shiba Inu, how to buy SHIB…

Users who know what a Shiba Inu (SHIB) is and how to get it, have already started their search for Shiba Inu reviews and the answer to the question of whether SHIB is a crypto asset with a future by purchasing SHIB. With this article, we will try to convey all the details about the Shiba Inu (SHIB).

What Is a Shiba Inu?

Shiba Inu (SHIB); Dogecoin Killer is a decentralized crypto asset classified as a meme coin or meme token that originated with the slogan.

Named after a breed of dog called the Shiba Inu, SHIB has a logo inspired by the Shiba Inu, like Dogecoin. The code of the crypto asset, which is located on the Ethereum blockchain and is named Shiba Inu, has been determined as SHIB.

If you are wondering when SHIB came out, it would be wrong to give a clear date on this issue, but we can explain it as follows; The Shiba Inu, or SHIB, was created on December 29, 2020.

SHIB, which had a volume of only 119 dollars when it was first created, took its place in the market with a total volume of 5,708,932 dollars on January 30, at a price of 0.00000001 dollars, after the development work continued for a while.

Shiba Inu is actually a type of ERC-20 token rather than a cryptocurrency. The decentralized Shiba Inu will be listed on ShibaSwap, which has been implemented as a decentralized swap platform, and will offer the opportunity to both staking and investing in different crypto assets.

According to the statements made by the founders of SHIB, 50% of the token-enabled SHIB total supply was locked in a wallet on the Uniswap platform and the wallet keys were discarded. The remaining 50% was sent to Vitalik Buterin for incineration.

Vitalik Buterin, on the other hand, sent a small part of the Shiba Inu (SHIB) amount sent to him to India for aid due to the Covid-19 process, and then burned most of the remaining amount.

In addition, the founders of SHIB, namely Shiba Inu project owners, state that they do not have any SHIB Tokens and that they will provide a fair and flawless distribution system.

Regarding the future and price of SHIB, the project owners state that they do not have any price targets, basically the aim is to become a more successful project than Dogecoin. They say that they will achieve this success even if SHIB stays under a price of 1 cent.

What is ShibaSwap?

ShibaSwap is a decentralized DEX platform owned by Shiba Inu founders.

ShibaSwap, which was launched in the near future and will become active day by day, was founded by the Shiba Inu (SHIB) project owners. ShibaSwap, which will support the buying and selling of many crypto assets, especially SHIB, will also offer staking in SHIB, LEASH and BONE crypto assets from the same family.

Thanks to the ShibaSwap platform, with SHIB, the demand for BONE and LEASH will increase and the price increase is expected, while many DeFi services will be offered at the same time.

How to Buy a Shiba Inu

The best news for the question of how to buy a Shiba Inu (SHIB) is if you want to buy a Shiba Inu, it is quite easy compared to other crypto assets! Because the Shiba Inu is already listed on several exchanges and is fairly simple to buy.

Another nice development is the Shiba Inu (SHIB) is listed on the Binance Exchange. If you want to buy Shiba Inu (SHIB) on Binance Exchange, you can follow the steps below:

  1. Log into your Binance Exchange account. If you do not have an account, click here to create a Binance account now.
  2. After logging in to your account, transfer money to your account up to the amount of Shiba Inu (SHIB) you want to buy.
  3. After the money transfer has been made, convert the amount you sent to one of these units from the Markets page if it is not one of the USDT, BTC, ETH or BNB units.
  4. After completing the transfer, go to the Markets page and click on the FIAT Markets tab at the bottom, then type SHIB in the search section, find the SHIB/USDT pair and click on the aligned Buy/Sell link.
  5. Finally, specify the quantity or quantity you want to buy on the page that opens, click the Buy SHIB button and complete the purchase.

If you want to buy Shiba Inu (SHIB) with a different crypto exchange other than Binance Exchange, you can also choose the following exchanges:

  • Click here to open an account on Gate.io Exchange and buy Shiba Inu (SHIB) now!
  • Click here to open an account on MEXC Exchange and buy Shiba Inu (SHIB) now!
  • Click here to open an account on Huobi Exchange and buy Shiba Inu (SHIB) now!
  • Click here to open an account on OKEx Exchange and buy Shiba Inu (SHIB) now!
  • Click here to open an account on BitMart Exchange and buy Shiba Inu (SHIB) now!

Frequently Asked Questions About Shiba Inu Token

In this section, we tried to answer the frequently asked questions that we identified by SHIB Inu Token and directed by you.

Where to Buy Shiba Inu (SHIB)?

Shiba Inu (SHIB) is available on the following exchanges as of today:

Was Shiba Inu (SHIB) Bought By Elon Musk?

When Elon Musk tweeted that he bought a Shiba Inu from his official Twitter account, all crypto money investors thought it was SHIB, but some groups said that Elon Musk meant that he bought a Shiba Inu dog in his tweet. Therefore, it is difficult to talk about the Shib & Elon Musk relationship for now, but it is possible.

Does it Make Sense to Buy a Shiba Inu Token?

Shiba Inu, or SHIB, is currently one of the most sought-after and listed cryptoassets among low-priced cryptoassets, after SafeMoon.

What is Shib Coin?

Shib Coin is the user-generated name of Shiba Inu (SHIB), but it is an incorrect usage. Because SHIB is a token unit, not a coin. For this reason, along with the question of what is Shib Coin, questions such as how to buy Shib Coin and where to buy Shib Coin will also be wrong questions.

How Are The Shiba Inu Token Reviews?

While there are positive comments about the Shiba Inu, there are also negative comments. Of course, no one can clearly comment on SHIB at the moment, but in general, we can say that the Shiba Inu (SHIB) is currently moving in a positive direction.

When Was the Shiba Inu (SHIB) Released?

It is difficult to give a clear answer when exactly the Shiba Inu Token appeared, but according to market instruments, the Shiba Inu appeared on August 1, 2020. In addition, the registration date of the official website appears to be 3 August 2020.

What Is The Total Supply Of Shiba Inu (SHIB)?

According to the market data of SHIB, the total supply, namely the total number, is 1,000,000,000,000 (1 Quadrillion).

Shiba Inu (SHIB) Which Country’s Cryptocurrency?

The Shiba Inu (SHIB) is not the currency of any country, but its founders and installation center are Japan.

[toggle title=”What is the Shiba Inu (SHIB) Project?

The Shiba Inu (SHIB) emerged for two purposes. The primary goal is to become a more successful crypto asset than Dogecoin, as the slogan of Dogecoin Killer suggests. Another goal is money transfers at low cost and glorifying the ShibaSwap project.

Official and Followable Accounts of Shiba Inu (SHIB)

Shiba Inu (SHIB) Official Website
https://www.shibatoken.com/

Shiba Inu (SHIB) Twitter
https://twitter.com/shibtoken

Shiba Inu (SHIB) Telegram
https://t.me/shibainuthedogecoinkiller

Shiba Inu (SHIB) Reddit
https://t.me/shibainuthedogecoinkiller

Shiba Inu (SHIB) Discord
https://discord.com/invite/x4q3X42xTh

Shiba Inu (SHIB) CoinMarketCap
https://coinmarketcap.com/currencies/shiba-inu/

Shiba Inu (SHIB) CoinGecko
https://www.coingecko.com/en/coins/shiba-inu

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Esat Demirtaş Send an email 13 October 2021Last Updated: 16 April 2023
5 minutes read
Photo of Esat Demirtaş

Esat Demirtaş

Since the day Bitcoin first entered our lives, my path has always crossed with cryptocurrencies and blockchain technology, and now I have turned my focus here, and when I realized that this world is brand new but complex, I decided to convey my humble knowledge to people who want to explore this world through the Binansal website.

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