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Please keep in mind that the hardware wallets are safer, but also more expensive. The exchange on which you bought some SHIB is also considered a storage option, but some traders stay away from it since your tokens would be controlled by a third party. The most secure way is to spread your tokens out, this way if something goes wrong with one of your storing options you are not putting all of your digital assets at risk. There are many things done by the project’s team which are out of the ordinary.

SHIBA INU Live Price Data

The large total supply of Shiba Inu is intended to emphasise the humorous and meme-based nature of the cryptocurrency. The Shiba Inu team launched a decentralised exchange called ShibaSwap with two tokens, LEASH and BONE. BONE is the governance token for holders to vote on proposals on Doggy DAO. Its strong preference among traders has also made several businesses worldwide start accepting SHIB as a payment method, alongside BTC and DOGE. While Dogecoin may be the original meme-based cryptocurrency, Shiba Inu’s soaring popularity led to the launch of a whole new family of dog-themed cryptocurrencies in the market.

How do I get SHIB tokens?

Doggy DAO users can vote on proposals involving the launch of new features and the listing of new trading pairs on the ShibaSwap platform. The Shiba Inu team has put safeguards in place to protect smaller SHIB holders from having their opinions stifled by mass adoption token whales. Since its launch in 2020, the token’s circulating supply had nearly halved, primarily due to Buterin’s burning of the 500 trillion gifted SHIB tokens he received when the token launched. Shiba Inu is being traded on 104 cryptocurrency exchanges, including Binance and KuCoin.

With a circulating supply of more than 500 trillion tokens, the Shiba Inu market capitalization reached a multi-billion dollar valuation less than a year after its launch. You can also check the up-to-date market rate of 1 SHIB to USD via our handy crypto-to-fiat and crypto-to-crypto conversion feature. SHIB is not intended to be a currency but rather a community token that can be used to interact with the Shiba Inu ecosystem. The ecosystem includes a decentralized exchange called ShibaSwap, a non-fungible token (NFT) marketplace, and a metaverse called Shibarium. The total supply of Shiba Inu tokens is 1 quadrillion (1,000,000,000,000,000) SHIB.

However, new stocks are not automatically added to or re-ranked on the page until the site performs its 10-minute update. The Shiba Inu token is our foundational currency that allows investors to hold millions, billions, or even trillions, of it in their wallets. If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies. Most exchanges will provide a wallet for you to store your SHIB, but you may also want to consider setting up a separate wallet using a hardware device or software program. Ensure that your wallet is funded with SHIB coins by buying Shiba Inu on KuCoin or other supported platforms.

Shiba Inu Price Live Data

There’s a wide range of cryptocurrency wallets that you can securely store your SHIB in. These include software wallets like the Crypto.com DeFi Wallet and hardware wallets that resemble USB flash drives. Some popular ones that offer SHIB include the Crypto.com App and Exchange. You can use the ShibaSwap DEX to stake Shiba Inu and burn SHIB to generate attractive returns. Using the Burn feature on ShibaSwap is one way for token burning, and it also provides a way to earn SHIB and grow your crypto portfolio.

• Its strong preference among traders has also made several businesses worldwide start accepting SHIB as a payment method, alongside BTC and DOGE.
• From there the other half was burned by the co-founder of Ethereum to make sure it is kept safe.
• With all that being said, remember that the crypto world can be extremely volatile so it is no large surprise that experts are divided on the future of the platform.
• On May 13, 2021, Ethereum network founder Vitalik Buterin donated more than 50 trillion Shiba Tokens to the India COVID-Crypto Relief Fund that were originally donated to him by Shiba Inu developers.

More about Shiba Inu

In addition to rising utility, monolithic vs microservices architecture token burn events can also increase Shiba Inu’s appeal as a crypto asset to invest in. Periodic burns by the Shib Army and other community members help reduce the circulating supply of SHIB coins, creating a deflationary effect and supporting the SHIB price statistics in the market. Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 920 exchanges.

We have mentioned that this is only one of the three network tokens, where the LEASH tokens serve a similar purpose but are a lot more scarce when it comes to their total supply. The BONE tokens are received as a reward for many services within the network and it also holds governance use, to allow the holders to voice their opinions on how the project should be run in the future. The network’s native DEX is a good place to start, but know that some of the exchange options would application attacks web application attacks require you to swap another crypto token for SHIB, while others will allow you to pay with fiat currency for them. Peer-to-peer transactions would be the fastest way to purchase some SHIB tokens, as you would get them directly from one of the holders by sending an agreed amount in fiat currency to their bank account. SHIB started off as the community-led decentralized equivalent to the popular memecoin Dogecoin, but quickly evolved into a more well-rounded cryptocurrency platform. SHIB is an Ethereum-based alternative to Dogecoin (DOGE), the popular and original canine-themed meme coin.

The live price of the Shiba Inu coin (SHIB) is updated and available in real-time on Binance. Click on Approve to confirm the transaction and sit back to earn rewards for staking SHIB. Check the total APR on offer and select the number of SHIB tokens from your holdings you wish to transfer to the burn pool. The consolidation channel that succeeds the pole (the region that’s actually the ‘pennant’) has the asset move back and forth between two converging trendlines. The upper level of the channel generally provides resistance, while the lower one supports. A break out of either of these lines can imply a continuation of trend in that direction.