What is Shiba Inu (SHIB)?

Shiba Inu coin is a cryptocurrency that is designed to be used as a payment system for goods and services. It is based on the Litecoin network and uses the Scrypt algorithm. The Shiba Inu coin was launched in February 2014. It is designed to make it easier for users to transact with each other without having to deal with banks or other financial institutions. The coin is secured by a decentralised network of computers that are connected together, and the transactions are verified by miners who use their computing power to solve complex mathematical puzzles. Shiba Inu coins can be exchanged for goods and services, as well as other cryptocurrencies, such as Bitcoin and Ethereum. They can also be used to purchase goods and services from merchant websites that accept Shiba Inu coins. 

SHIB is a meme token which began as a fun currency and has now transformed into a decentralized ecosystem. During the initial launch, 50% of the supply was allocated to Vitalik Buterin's Ethereum wallet. As a result of that, Vitalik proceeded to donate 10% of his SHIB holdings to a COVID-19 relief effort in India, and the remaining 40% is burnt forever. That donation was worth about $1 billion at that time, which makes it one of the largest donations ever in the world. What is the Shiba Inu community working on right now? The Shiba Inu team launched a decentralized exchange called Shibaswap with 2 new tokens, LEASH and BONE. LEASH is a scarce supply token that is used to offer incentives on Shibaswap. BONE is the governance token for holders to vote on proposals on Doggy DAO.

How does Shiba inu works?

The coin is based on the Ethereum blockchain and is built with a decentralised protocol. This means that the transactions are secure and private, allowing users to remain anonymous throughout all their transactions. The coin also has an innovative reward system called the Shiba Inu Tokenomics, which rewards users for holding onto their coins over time. This reward system is designed to promote the development and adoption of the Shiba Inu coin, furthering its overall mission. Overall, the Shiba Inu coin is an innovative way for people to support the Shiba inu community and make secure and private online transactions. 

How to get Shiba inu coin?

Shiba Inu Coin (SHIB) is a cryptocurrency built on the Ethereum platform. It has become popular in the cryptocurrency world due to its association with the Dogecoin meme and its large circulating supply. Getting hold of SHIB is not difficult, and there are several ways to acquire it.

One of the most popular ways to get SHIB is through exchanges. You can buy, sell, and trade SHIB on a number of popular exchanges like Binance or Huobi Global. Just be sure to do your due diligence when choosing an exchange, as there are plenty of scammy ones out there.

You can also find SHIB in many cryptocurrency wallets, including those from Ledger and Trezor. You can also find SHIB on peer-to-peer (P2P) exchanges like LocalCryptos. This is a great way to buy and sell SHIB while avoiding the fees associated with exchanges.

Finally, you can get SHIB through cryptocurrency ATMs. These machines allow you to buy and sell SHIB with cash, making it a convenient option for those who don't want to use an exchange or P2P platform.