What is Shiba Inu Coin? – Explanation, Pros and Cons, History, Buying guide, Team, Wallets, Price prediction

Published by Jonas May 12, 2021

Shiba Inu Coin is a decentralized cryptocurrency based on the Ethereum blockchain. Much like Bitcoin, it uses blockchain technology to create decentralized platforms, which means that no one can manipulate or control the value of the coin. Even better, the coin is built on smart contracts and can be traded between users in an open market-free from high fees associated with traditional trading platforms.

https://www.youtube.com/watch?v=paepMJ0701w

How does Shiba Inu Coin work?

Shiba Inu Coin uses Ethereum’s blockchain to create a digital currency, similar to Bitcoin. The coin is issued through an Ethereum smart contract and is verified through the blockchain, ensuring that it is a safe investment to make. Only one Shiba Inu Coin will be generated for every Ethereum that is put into the contract by users, and no more coins can be made after the initial number has been reached. This keeps inflation down and prevents cryptocurrency investors from losing their money to people creating fake coins- you cannot fake something that is based on a real thing with a long history such as the Shiba Inu.

Where can I buy Shiba Inu Coin?

There are several websites that allow you to buy Shiba Inu Coin, and it is likely that more will appear in the future. Shiba Inu Coin is a new virtual currency, so there isn’t very much listed on the various exchanges at the moment. Do your research to find reputable companies and marketplaces, though, because there are a lot of scams in the cryptocurrency world!

Binance and Uniswap are two sites that have already been established as reliable places to purchase Shiba Inu.

What are the specifications of Shiba Inu Coin?

Shiba Inu Coin uses Ethereum’s blockchain and a smart contract system, meaning that it is decentralized and cannot be hacked like other cryptocurrencies can be.

How are Shiba Inu Coins mined?

Just like Bitcoin and other blockchain-based cryptocurrencies, Shiba Inu Coin is mined using various methods. Users can mine their coins themselves, or they can choose to purchase them through an exchange or from another person.

Is Shiba Inu Coin secure?

A decentralized blockchain network like Ethereum is much safer than other virtual currencies, because hackers cannot hack it. However, it is important to keep your coins in an offline wallet or somewhere that nobody can get to them!

How can I see how much Shiba Inu Coin I have?

The team behind Shiba Inu Coin has not released an official website for viewing the coin’s portfolio yet. However, there are other sites that can be used to check how many coins you own and how much they are worth. The most common method of checking your coin holdings is through a blockchain explorer, which allows you to view all of the transactions made on the platform you’re using.

Where can I find more information about Shiba Inu Coin?

The website for Shiba Inu Coin is https://www.shibatoken.com/, and it has a forum that is active right now. The developers are working hard on the coin’s progress, and there will be more info and updates released as they become available. The coin itself will not have an official release date, so you should begin holding your coins if you want to participate in its growth!

Shiba Inu Coin: Is it worth investing in?

Shiba Inu Coin offers users a passive investment opportunity with high short-term earnings potential. The coin is growing in popularity and value, although it is still rather new so you should watch the market carefully if you do end up investing.

It offers a unique spin on cryptocurrency investment, giving users a way to make money while doing something that they love. The passive income potential can really help people who do not have time to watch the markets every day or who simply don’t know how to invest in cryptocurrencies. If you love Shiba Inus and want to support this coin of the dog breed, consider purchasing some or even mining them for yourself!

Pros

This coin has a philanthropic cause behind it. All profits from the coins go towards Shiba Inu rescue centers around the world.

It is a relatively new coin which means that its value is expected to continue to grow.

Cons

As this coin is still relatively new, there isn’t a lot of information available about it. Keep an eye out for the website and forum updates.

Team/ Community

Two developers have been assigned to this coin. The two developers are listed as the main team behind this coin and there has not been any information available regarding other team members. The two developers do seem to be very experienced though, which is reassuring.

History

There is not a lot of information available about Shiba Inu Coin’s history. The developers claim that this ICO was developed in order to help rescue Shiba Inus in Japan as well as fundraise for dog shelters around the world.

Conclusion

Shiba Inu Coin is a unique cryptocurrency that focuses on rescuing Shiba Inus. Their goal is to raise funds to rescue more dogs and provide them with proper care. The coin itself is not a big investment, but it can help people make passive income from tips given by the community. If you love Shiba Inus or want to support this coin, it may be worth investing in!

What do you think about Shiba Inu Coin? Will you be investing in this coin? Let us know in the comments below!

Disclaimer: Cryptocurrencies are speculative, consult with a financial advisor before investing. This article is paid for.

Useful Links:

• Shiba Inu Coin Website
• Shiba Inu Coin Reddit
• Shibacoin Twitter
• Shibacoin Github

*The value of all investments mentioned on this page are approximate and at their time of publishing.