How Amazing is the Shiba Inu Coin?
Imagine holding the Shiba Inu Coin without realizing how amazing this Dog head coin could be. This token has performed well from birth to the listing phase.
We will agree that there is no limit to which these meme coins grow in the Crypto space.
If you are wondering why it is so, you should look at some strong communities that delight in supporting digital assets.
We will discuss everything you must know about this amazing meme crypto token.
What is a Shiba Inu Coin?
Shiba Inu is a dog breed that has a Japanese origin. The image of this dog was first used in the popular Dogecoin symbol.
The coin has an ecosystem based on the guiding principles which its creators described in the "woof paper".
Imagining what is "woof paper"? It is the canine version of what we all know as "white paper". This highlights crypto project outlines and roadmap.
Having SHIB as its trading symbol, holders can perform all their transactions on the Ethereum ERC-20 Network.
The dog breed's popularity has given the coin an edge in the market. Despite this, people still regard this Meme token as a pump-and-dump cryptocurrency because they often think it is hard to grasp its utility.
What Makes Shiba Inu Coin Amazing?
The first property that makes the coin amazing is its total supply. It has a total supply of one quadrillion (i.e. 1+15 zeros) SHIB tokens.
This amount of SHIB was minted at the beginning of August 2020, and that was the highest number of digital coins ever generated in the Web 3.0 space.
50% of the Shiba Inu supply was locked in the decentralized exchange called UNISWAP.
On this decentralized exchange platform, users earn and swap cryptos through smart contracts by performing automated transactions between cryptocurrencies on the Ethereum Blockchain.
Now you can go home with this: Shiba Inu Coin is not the only cryptocurrency submitted to Ethereum's co-founder.
Other coins like the Dogelon (ELON), and Akita Inu were sent because of SHIB's popularity.
Now let us learn how helpful is the Shiba Inu Token in the crypto world.
The Shiba Inu Tokenomics Pillars
Shiba Inu has many tokens that support the operation of the entire crypto ecosystem.
Here are some of the members if the SHIB tokenomics:
- Shiba Inu (SHIB): This is the predominant currency of the project with 1 quadrillion token as its launching volume just as I have mentioned earlier. You can exchange it for any ERC-20 token in the Ethereum ecosystem.
- Leash (LEASH): This is the second token in the Shiba Inu ecosystem. It has a total supply of only 107,646 tokens and was tied to the price of Dogecoin when it began.
- Bone (BONE): This third member of the Shiba family is only available on ShibaSwap. It has a total supply of 250,000,000 tokens. Bone aims at fitting between the other two tokens concerning circulation supply.
However, if you are still in doubt of the uniqueness of this special Meme coin, then you should give it a rethink less you miss out of great ROIs.
This is not to persuade you to buy the coin but if you are convinced by the token's roadmap, then you can go ahead with your Shiba Inu digital investment.
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