Shiba Coin (SHIB) draws attention with its similar structure to Dogecoin. Shiba Coin (SHIB), a meme crypto currency just like DOGE, is a decentralized local token. SHIB is the first token to be listed and used as an incentive to use ShibaSwap, a decentralized exchange. Just like DOGE, SHIB, which appeared as a joke, gained a lot of value with the speeches of Elon Musk in the past days. Detailed information about Shiba Inu coin (SHIB) can be found in the rest of the article. Information about Ethereum, you can browse here.
What is Shiba Inu coin and how does it work?
Shiba Inu is an Ethereum (ETH) based ERC-20 token. The token is touted on its official site as a “self-generated decentralized community building experiment”. Since Shiba Inu is a dog breed, naturally, “is it a new Dogecoin (DOGE)?” brings along the questions. SHIBA INU (SHIB) is described as an experiment based on decentralized community building and is described as another meme crypto currency similar to Dogecoin. SHIB is the first token to be listed and used as an incentive to use SHIBA INU’s native token and the decentralized exchange ShibaSwap.
Shiba Inu (SHIB) experienced a rapid increase in value just like Dogecoin after Elon Musk’s tweets. SHIB, which is a “meme” like DOGE token produced for joke purposes, has an “experimental” nature according to the project description on its official website.
For this reason, it is not listed on all exchanges yet, and its investors are recommended to consider this situation. Introduced as the “Dogecoin killer” on the official website, the total supply of Shiba Inu (SHIB) is limited to 1 quintillion units and currently approximately 395 million SHIBs are in circulation.
For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency