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Shiba Inu (cryptocurrency)

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Shiba Inu
Shiba Inu coin logo.png
Shiba Inu logo
Ticker symbolSHIB[1]
Development
Original author(s)"Ryoshi"[2]
Initial releaseAugust 2020; 10 months ago (2020-08)[2]
Development statusActive
Websitehttps://www.shibatoken.com/

Shiba Inu (code: SHIB), also known as Shiba Token, is a decentralized cryptocurrency created in August 2020 by an anonymous person known as "Ryoshi".[2] Shiba Inu is an ERC-20 token on the Ethereum blockchain, and is based on Dogecoin; it brands itself "the Dogecoin killer".[3]

The SHIB token does not have any smart contract utility, nor is it backed by any asset or rights; it is simply a transferable token.

Shiba Inu (柴犬) is a Japanese term for a breed of dog; it is the dog that is depicted in Dogecoin's symbol, which itself was originally a joke cryptocurrency based on the Doge meme.[4]

Shiba Inu was created in August 2020, modeled off Dogecoin,[5] another cryptocurrency, by the anonymous founder known as "Ryoshi".[2] On 13 May, Vitalik Buterin donated more than 50 trillion Shiba Tokens to the India COVID-Crypto Relief Fund.[6][7]

Shiba Tokens can be exchanged on Coinbase Pro, Kucoin, CoinBene, Probit Global, CoinDCX, WazirX,[8] Binance, Crypto.com,[9] Huobi, and OKEx.

Shiba Inu developers are currently in the process of creating Shibaswap,[10] a decentralized exchange which provides holders of Shiba Inu, and its sister token Leash, the opportunity to earn rewards such as Bone, Etherum, and Bitcoin through staking or providing Liquidity.


References

  1. ^ MacDonald, Chris; May 10, InvestorPlace Contributor; 2021; May 10, 3:20 pm EDT; 2021 (2021-05-10). "Shiba Inu (SHIB) Crypto: 7 Things to Know About Red-Hot SHIB". InvestorPlace. Archived from the original on 2021-05-13. Retrieved 2021-05-13.CS1 maint: numeric names: authors list (link)
  2. ^ a b c d "What is the Shiba Inu ? Experts weigh in on the 'Dogecoin killer' hype". Fortune. Archived from the original on 2021-05-12. Retrieved 2021-05-13.
  3. ^ NJ.com, Nicolette Accardi | NJ Advance Media for (2021-05-10). "What is Shiba Inu? How to buy Shiba Inu token as price surges following Dogecoin drop". nj. Archived from the original on 2021-05-13. Retrieved 2021-05-13.
  4. ^ DelhiMay 12, Manas Tiwari New; May 12, 2021UPDATED; Ist, 2021 11:17. "Shiba Inu is being hailed as Dogecoin killer and it has already given 1900 pct returns in one week". India Today. Archived from the original on 2021-05-12. Retrieved 2021-05-13.CS1 maint: numeric names: authors list (link)
  5. ^ CNN, Chloe Melas. "How two brothers went from nearly jobless to multi-millionaires with a bizarre crypto bet". CNN. Archived from the original on 2021-05-16. Retrieved 2021-05-16.
  6. ^ Vigna, Caitlin Ostroff and Paul (2021-05-13). "Ethereum Luminary Makes $1 Billion Covid-19 Gift—in Shiba Inu Token". Wall Street Journal. ISSN 0099-9660. Archived from the original on 2021-05-13. Retrieved 2021-05-13.
  7. ^ Bambysheva, Nina. "Ethereum's Co-Founder Vitalik Buterin Donates Over $1 Billion To India Covid Relief Fund And Other Charities". Forbes. Archived from the original on 2021-05-13. Retrieved 2021-05-13.
  8. ^ Boom, Daniel Van. "Dogecoin's rise and fall has spawned billion-dollar imitators". CNET. Archived from the original on 2021-05-13. Retrieved 2021-05-13.
  9. ^ Accardi (10 May 2021). "What is Shiba Inu? How to buy Shiba Inu token as price surges following Dogecoin drop". www.nj.com. Archived from the original on 2021-05-13. Retrieved 2021-05-13.
  10. ^ "Three reasons why Shiba Inu price may be ready to rally". FXStreet. Retrieved 2021-06-18.

External links