Buy Shiba Inu (SHIB), it’s easy!

Why Buy Shiba Inu (SHIB)?

You could buy Shiba Inu, the second most famous meme coin in the crypto world, right after DOGE. Originating from an ambitious experiment to replicate Dogecoin and mainstream another dog-inspired crypto, it has evolved to be much more over time.

The Shiba Inu ecosystem has three tokens. There’s SHIB, the primary cryptocurrency listed on major international exchanges. Then there’s LEASH, also known as “Doge Killer,” used only within the Shiba protocol. Finally, there’s BONE (Bone ShibaSwap), which started as a governance token and later became the primary token of the Layer 2 Shibarium.

A reason to consider buying Shiba Inu (SHIB) could be its roadmap, as ambitious as it is entertaining. After creating a DAO (“Doggy”), a Layer 2 on Ethereum (“Shibarium”), an NFT collection (“The Shiboshis”), a game (“Shiba Eternity”), and a Metaverse, the team is working on an algorithmic stablecoin. The ultimate goal, which the team is almost achieving, is to be a comprehensive financial system, complete with all the functionalities offered by DeFi.

What is Shiba Inu (SHIB) and How Did It Start?

In addition to focusing on the value of Shiba Inu to decide whether to buy it, you should also know that it is a cryptocurrency built on Ethereum using the ERC-20 standard. An authentic meme coin, born in the wake of the success of other “canine” coins. Media momentum came from endorsements by figures connected to the crypto world (Elon Musk, Vitalik Buterin).

Thus, Shiba Inu evolved from a viral experiment to a cryptocurrency listed on significant exchanges within a few months. Credit also goes to its robust and fierce community, the Shibarmy, which launched fun but impactful initiatives across forums.

Finally, if you’re considering buying Shiba Inu, you’ll want to know its history. This crypto was created in August 2020 by a user who signed the whitepaper (the “Woofpaper”) with the pseudonym Ryoshi. The anonymous creator of Shiba Inu expressed his ideas mainly through the blog “Ryoshi Research” and, from the first post, defined his coin as a “decentralisation experiment”. The Shiba Inu tokenomics consists of a quadrillion SHIB, half of which was deposited into Vitalik Buterin’s wallet.