What is Shiba Inu Coin? Where to buy reputable Shiba Inu Coin now?

Want to learn about the cryptocurrency market but don't know where to start? Have you heard of the Shiba Inu but still feel confused? This article will introduce what is Shiba Inu Coin as well as reputable places to buy this coin.

What is Shiba Inu Coin?
Shiba Inu Coin (SHIB) is an electronic money under the project of the Japanese Shiba Inu and is released in the form of token ERC20. The idea of ​​​​the name of this coin is inspired by the smart dog Shiba in this country of cherry blossoms, with the ambition to turn the Shiba Inu virtual currency into a Doge Killer on the electronic money system.

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Shiba Inu coin is used as a reward for investors when participating in trading at Shiba Swap exchange. At the same time, the Shiba cryptocurrency also helps promote the strong development of the Ethereum network , creating a diverse DeFi ecosystem.

Overview of Shiba Inu . coins
Official name: Shiba Inu
Token on the exchange: SHIB
Contract of SHIB: see here
Standard as a token: ERC 20
Price when listed: 0.00000001 USD
Total supply: 1,000,000,000,000,000 VND
Special Features of the Shiba Inu
Being the first team to develop in this direction when dividing the supply into two equal parts and handling it as follows.

50% of the supply is sent to Uniswap as a reward for traders, while discarding the private key to lock in the supply, ensuring that no one can withdraw.
The remaining 50% is sent to the Vitalik Buterin – Ethereum (ETH) wallet so that all participants have to be fair to buy on the open market. Something that has never happened to virtual currency development projects before.

Decipher 4 reasons why Shiba Inu Coin suddenly increased in price
There are 4 main reasons that can explain the miraculous growth of the Shiba Inu

Responding to the Dogecoin trend
This is considered the main reason for the increase in the price of the Shiba Inu. Story inspiration from the dog Shiba has created a breath of fresh air in a stressful capitalization situation, making growth difficult in the near term. Therefore, as soon as it appeared on the market, the Shiba Inu coin owned a part of the Doge capital and grew rapidly.

A large number of fans from the community that love “meme”
It is undeniable that the role of the crowd effect from the meme-loving community has contributed greatly to the success of the Shiba Inu coin. With a strong fan base of more than 300,000 followers on Twitter, 70,000 members in Reddit, any news related to Shiba Inu Coin creates strong waves of feedback.

Stable supply control
Thanks to the transparent policy of supply from the very beginning, the Shiba Inu project team always makes investors feel secure because it divides two amounts: 50% as a reward and 50% deposited in Vitalik wallet.

Supporters will not be afraid of the release and sudden "escape" from the developers. However, whether Vitalik will sell off 50% of the supply to make a profit of billions of dollars is still a number that many people doubt.

Attractive pricing policy
Right from the time it was announced on the market, SHIB has been a "delicious bait" in the eyes of virtual currency investors when just spending a small amount of money can own billions of coins. This has affected the psychology of the crowd - who do not have much knowledge in the field of cryptocurrencies - on the issue that as long as the price of SHIB increases slightly, they can make billions of dong.

Since then, the demand for Shiba Inu copper has continuously increased.

Should I Invest in Shiba Inu?
With the peak of transactions sometimes reaching more than 15 billion dollars, many people flock to Shiba Inu investment with the desire to get rich but do not know the many potential risks behind.

Recognized as a high-risk cryptocurrency by CZ CEO of Binance. However, Binance still creates a playground for traders, but this does not mean that they encourage investment.

The applicability of SHIB is not much and the supply handling is questionable. No one knows with $8 billion falling in the sky, what Vitalik wallet will use that money for because no one can control this 50% supply.

The Shiba Inu is also just a phenomenon that has caught the trend of virtual currencies based on animals in recent years. Obviously, everything that is movement will reach a peak and have a stop after that, no one is sure of the sustainability of this currency.

Profitable profits from this coin can make you a billionaire overnight and vice versa, you can also go empty-handed after a single loss. Because of this coin's willingness to play, experts only recommend that you really invest when you have thoroughly researched and mentally prepared.

You should only "buy for fun" within the profit and loss you can handle. Avoid ruining a career because virtual currency follows this trend every day.

Where to buy reputable Shiba Inu Coin?
Currently, there are more than 30 international exchanges for you to buy this currency, including 0x Protocol, 1inch Exchange, AOFEX, BigONE, BiKi, Bilaxy, Binance , BiONE, BitForex, Bithumb Global, BitMart, BKEX, BW.com , CoinBene, CoinEx , DigiFinex, Gate.io , HCoin, Hoo, Hotbit, Hotcoin Global, Huobi Global, KuCoin , LBank, LongBit, MXC.com , OKEx , Poloniex , Uniswap (V2) and XT.

Instructions on how to trade Shiba Inu Coin
This is a cryptocurrency, so to trade it, you can create an account on exchanges. To create a Shiba Inu Coin trading wallet on a crypto account, you just need to follow these simple steps.

Step 1: Visit the homepage of the exchange you want to do
Here, you follow the same normal trading steps as other coins. You need to use an email account to register. Make sure the email address you enter is the same so you can verify your account.

Currently, Binance exchange is one of the choices of investors.

Step 2: Complete the information and link with the storage wallets
You only need to complete information such as phone number, full name, business or individual, etc. and at the same time link to e-wallets that can store Shiba Inu. After that, you only need to enter the buying and selling data to be able to make a transaction when you register for an account successfully.

Above is the general knowledge about Shiba Inu Coin. Hope you will find the article useful in providing you with preliminary knowledge to participate in the virtual currency market.

WARNING: This is an information sharing article, not a call to invest, you must be responsible for your own decisions. Investing in financial products always involves a lot of risks, so you need to consider carefully before making a final decision. Wish you wise and sober to make the right investment decisions!

Frequently asked questions
Where can I find the Shiba Inu on any of the official websites?
You can update information at the following websites:

Website: https://www.shibatoken.com
Telegram: https://t.me/shibainuthedogecoinkiller
Twitter: https://twitter.com/shibtoken
Reddit: https://www.reddit.com/r/SHIBArmy
Discord: https://discord.gg/x4q3X42xTh
Which e-wallets can SHIB be stored?
You can buy SHIB coins and store them in wallets: Coin98 Wallet, Trust Wallet, Metamask Wallet, Safepal…

Is Shiba Inu Coin a scam or not?
The Shiba Inu is not a scam because it has been posted on the official exchange. However, the value of this coin is not the real value, so finding hidden risks is very high. Above all, Vietnam does not recognize this as an asset, so coin exchanges are not recognized and protected by law.

How many tokens from the Shiba Swap project?
From the Shiba Swap platform, you will see there are three different tokens, Shiba Inu (SHIB), Leash (LEASH) and Bone (BONE).