What is Shiba Inu
Shiba Inu (SHIB) cryptocurrency appeared in August 2020. It was created by an anonymous user under the pseudonym Ryoshi. The coin positions itself as a “Dogecoin killer”, and its logo is a Shiba Inu dog, which is just depicted on the DOGE coins. Let’s see how to sell SHIBA INU on Binance.
The company has a so-called woof paper – a parody of white paper, but with a woof. It tells about the “mission” of the cryptocurrency:
Our founder Ryoshi said Shiba is a spontaneous experiment in the world of decentralized assets. Many of us then could not imagine that this concept would become the beginning of evolution . “
The community of this cryptocurrency calls itself the Shiba Inu army. The woof paper states that the project started from scratch and that developers, designers, marketers, and other team members had never worked together before. Naturally, the entire community of this coin loves Shiba Inu dogs.
Shiba Inu works on the Ethereum blockchain because it has already ?proven itself? and has helped many to create successful crypto projects. The cryptocurrency is also waiting for shiba inu to binance, and ShibaSwap is poised to become the ?most popular? cryptocurrency exchange with a focus on Ether.
Where to buy Shiba Inu cryptocurrency
However, you can find Shiba Inu currency on exchanges such as:
When buying Shiba Inu, remember that SHIB cannot be bought for fiat money, at least not directly. Below you will find a detailed guide to buying Shiba Inu cryptocurrency.
Step 1. Register on a major cryptocurrency exchange
As we said, you first need to buy Bitcoin or another major cryptocurrency. The two most popular cryptocurrency exchange exchanges are Coinbase and Uphold.com. Both have their own specifics and payment rules, so try both options and choose the one that works best for you.
Step 2: Buy Bitcoin
After completing the Know Your Customer (KYC) process, add your payment method – credit / debit card or bank transfer. The first option is faster but more expensive, the second is slower and cheaper. Then click the “Trade” button, select Bitcoin (BTC) and confirm the transaction.
Step 3: Register on an alternative exchange
Choose an alternative exchange that allows you to buy Shiba Inu coins (Binance, Gate.io, MXC, Huobi, BitForex, BitMart, HotBit, Poloniex, KuCoin, OKEx, ProBit, etc.). Go through the registration process similar to step 1, set up two-factor authentication, and go through other authorization steps. Read more info here: https://letsexchange.io/
The developers of the coin sent 505 trillion coins to the creator of the ether Vitalik Buterin. He donated more than 50 trillion (at that time it is more than $ 1.14 billion) to the fight against coronavirus in India, and he burned 90% of the remaining coins. This is approximately $ 6.5 billion. The remaining Shiba Inu Buterin also promised to send to charity.
At the same time, Ryoshi claims that he does not have the Shiba Inu cryptocurrency. Therefore, the transfer of such a number of coins into the hands of Buterin looked like the transfer of the fate of the currency from the founder to another person. After all, the value of SHIB could collapse if the founder of ETH decided to sell his assets.
According to experts, Ryoshi’s move was deliberate.?