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What is Shiba coin (SHIB)
The Shiba Inu Coin (SHIB) is a cryptocurrency based on a meme whose name comes from a breed of dogs. It was created in 2020 by an anonymous developer named as part of a dog-themed cryptocurrency group. It was designed as an Ethereum-compatible alternative to Dogecoin (DOGE). According to the SHIBA INU website, he intends to "kill" Dogecoin.
SHIB is an ERC-20 token and is currently changing its consensus mechanism to a proof-of-stake one. SHIB's ecosystem consists of a decentralized exchange called . It also supports an NFT art incubator that invites dog-inspired artists from around the world to bring their SHIBs to the NFT market.
Shiba Inu started with a circulating supply of a billion. To create liquidity, its founder, , blocked 50% of the token on the decentralized exchange . The other 50% of the token was sent to the wallet of Ethereum co-founder Vitalik Buterin, with most of it burned. Shiba Inu Coin is available on and operates as SHIB.
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Cryptocurrency investment activities, including buying Shiba coin online through , are subject to the inherent risks of the market. offers an easy and convenient way to buy Shiba coin instantly, and we do our best to inform our users in all kinds of detail about each of the cryptocurrencies that we offer on the exchange. However, we are not responsible for the results that may arise from your purchase of Shiba coin. This page, and the information it contains, should not be construed as endorsement of any specific cryptocurrency or any method of acquisition.