Describing itself as a “decentralised meme coin”, SHIB joins the likes of Safemoon, Dogelon, Dogecoin and NFTs. The value of digital currencies and artwork is being redefined amid a growing prevalence of attaching monetary value to meme culture.
SHIB is growing as one of the most hyped cryptocurrencies out there right now. A lot of people are talking about it and there is a huge online community backing it and investing in it, even though mainstream media is just catching onto it.
The tokenimics of the coin are unusual, with 50% of the total supply burned to Vitalik Buterin’s wallet. Buterin is the founder of Ethereum and is a trusted and well-regarded figure in the crypto community. This move may have been made to allay fears of this project being a “rug pull”, whereby project developers pump the price, dump their holdings, make a profit and abandon the enterprise, leaving holders with worthless bags.
In keeping with the dog theme, the Shiba Inu platform plans to launch a DeFi based BONE currency in the coming future and artwork on NFT marketplaces and donations to charities that rescue Shiba Inu dogs.
At the time of writing this story, the price of SHIB is $0.000008.
That means you can buy 400,000 SHIB for around $4 before fees.
This is INSANELY cheap for a chance to make a lot of money in the future.
Where can I buy Shiba Inu?
To buy Shiba Inu on Binance, traders will need to register for an account and search for the coin. Based in the Cayman Islands, Binance has established itself as one of the most prominent companies in the crypto space. With its own smart chain, hundreds of listed coins and a plethora of trading products, Binance is one of the go-to options for traders looking to buy cryptocurrencies like Shiba Inu, as well as many others.
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