Shiba Inu (SHIB) is a project that emerged as a joke in the cryptocurrency market and has become quite popular. We will delve into all the topics that Zatrun.com readers are curious about under the title of SHIBA INU (SHIB) 101: The Dogecoin Killer Meme Token. Additionally, in this article, we will cover topics such as what SHIB Coin is, how it works, usage areas for investors, and unique features. Thus, we will create a guide-like resource for those who want to learn about SHIB.
What is SHIBA INU (SHIB)?
Shiba Inu (SHIB) is a cryptocurrency that, like Dogecoin (DOGE), is a meme token. As an altcoin based on the Doge meme, which is based on a Shiba Inu dog, SHIB Coin has made a name for itself in the crypto community as the “Doge killer.” The Shiba Inu cryptocurrency is considered a revolutionary project with remarkable technical features managed by communities.
SHIB coin is known for the Shiba Inu Whitepaper, also referred to as the “Woofpaper,” in the crypto community. This indicates that SHIB Coin was initially designed as a digital currency among community-based cryptocurrencies. A decentralized crypto exchange was established to create the Shiba Inu ecosystem, and ShibaSwap fulfills this function. This allows the SHIB Coin community to perform crypto transactions quickly and with low fees. This innovative approach provides SHIB Coin with a unique position and plays a leading role in the crypto world.
SHIB Coin is a popular meme token launched by anonymous developer Ryoshi in August 2020. This “meme”-based cryptocurrency has gained significant interest from investor communities. SHIB Coin, which rapidly gained value, also caught the attention of leading figures in the crypto world, such as Elon Musk and Vitalik Buterin. There is no country behind SHIB Coin.
What are the Use Cases of SHIB Coin?
SHIB Coin can be used for peer-to-peer digital payments and can also be preferred as a payment method in accepting businesses. However, it currently does not offer a competitive advantage over other cryptocurrencies in this field. Nevertheless, with an increase in SHIB Coin payments, it is expected to reach a wide range of use cases. Looking at recent developments, over 600 businesses started accepting payments with Shiba Inu at the beginning of 2022, and this number is rapidly increasing every month.
Moreover, there are several key features that make SHIB Coin different from other crypto projects. In particular, the Shiba Inu community supports artists producing dog-themed NFTs from around the world using SHIB Coin in the NFT market. The artistic Shiba movement, as it is called, supports NFT projects with SHIB Coin. Additionally, a SHIB Coin rescue association was established to collect donations for rescue operations as part of a campaign launched on Amazon Smile. These unique projects distinguish SHIB Coin and draw attention from the crypto community.
How to Buy SHIB Coin?
SHIB Coin is currently traded on major exchanges such as Binance, Huobi Global, Coinbase Exchange, Gate.io, KuCoin, FTX, Bitfinex, and Kraken. You can choose any exchange that lists SHIB Coin to purchase it. Follow these steps to buy SHIB Coin easily:
First, access the web or mobile application of an exchange that lists SHIB Coin. Then, complete the account opening process. Follow the identity verification and approval process to complete your deposit transactions. Finally, create a buy order for the desired balance amount of SHIB Coin and store it in your secure account.
When purchasing SHIB Coin, it is important to pay attention to several points for security and user experience. When selecting an exchange, it may be helpful to choose trustworthy and reputable exchanges, and evaluate factors such as ease of use, trading volume, and transaction fees.
