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Tuesday, May 18, 2021

Shiba Inu Coin /Token Things you must know before investing

 

Things you must know about Shiba Inu Token:-

Shiba Inu


1.       This coin is also known as Shiba Token

2.       This was launched in August 2020

3.       This was launched by anonymous person known as “Ryoshi”

4.       Shiba Inu is positioned as Dogecoin Killer

5.       In Short it is known as SHIB

6.       According to its creators SHIB is decentralized cryptocurrency.

7.       Their creators want to launch next coin in near future as Bone Dogecoin Killer

8.       It has market capitalization of more than $6 billion as on May 2021.

9.       Total coins which are under circulation are near about 400 trillion.

10.   Its price is less than 200th of cent.

11.   Recently Vitalik Butrein, 27 year old donated 50 trillion Shiba Inu coins to India COVID Crypto relief fund which leads to drop of price to 40% after that. He donated the coins on dated 13th May 2021.

12.   The donated coins relief fund is managed by Indian Crypto Entrepreneur Sandeep Nailwal.

13.   Vitalik Butrein is Russian Canadian Billionaire and programmer and is co-founder of Ethereum.

14.   Shibu Inu Coin is listed on WazirX in India and it was wrongly get listed at 3 Rs. per coin instead of 0.0016 of value of Shibu Inu Coin. Which leads to feel that several investors get robbed.

15.   Now WazirX has announced that it will compensate the investors which bought SHIB at higher prices through Airdrop program. This will happen in next 4 months. They will pay WRX air drop program and will give WRX equivalent to 25% of their loss every month for next 4 months.

16.    This coin is based on Ethereum and has very low or no underlying use or value.     

17.   Shibu Inu Coin uses same breed of Dog as that used by Dogecoin’s Symbol.

18.   Its price was approx. $0.000002 on 20th April 2021 and on date 18th May 2021 price is $0.0000172 which means rise by 86 times in one month only.

19.   Total maximum coins will be 1 quadrillion and now only 1/4 th of these are under circulation.

20.   It is listed on following:-

(a)    ShibaSwap

(b)   WazirX

(c)    Binance

(d)   Crypto.com

(e)   Kucoin

(f)     OKEx

(g)    Huobi

(h)   COINDCX

(i)      Probit Global

(j)     CoinBene

(k)    Kucoin

21.   This coin allows users to hold Billion or even Trillions of SHIB coins

22.   This coin is ERC-20 only coin which is only which is well below penny and still outperformed the Dogecoin.

23.   It is now in news again after Vitalik Buterin burned 40% of all Shiba Inu Token supply.

 

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