The Shiba Inu coin is a cryptocurrency that has gained significant attention in recent months, thanks in part to its association with the popular Dogecoin community. Named after the Shiba Inu dog breed, which is the mascot of the Dogecoin community, Shiba Inu coin was created as a parody of Dogecoin and has since become a popular digital asset in its own right.
The rise of Shiba Inu coin can be traced back to its creation in August of 2020. Like other cryptocurrencies, Shiba Inu coin is a digital asset that is traded on cryptocurrency exchanges. However, unlike many other cryptocurrencies, Shiba Inu coin has a limited supply of only 1 quadrillion coins, which has fueled speculation and interest in the cryptocurrency.
Since its creation, Shiba Inu coin has seen significant growth, with its value reaching an all-time high in May of 2021. The popularity of Shiba Inu coin has also been boosted by its association with the Dogecoin community and the use of memes and social media to promote the cryptocurrency.
Despite its popularity, Shiba Inu coin remains a highly speculative and volatile investment. As with any investment, it is important to do your own research and exercise caution before investing in Shiba Inu coin or any other cryptocurrency.
Overall, the rise of Shiba Inu coin has been a fascinating development in the world of cryptocurrency. While its future remains uncertain, the limited supply of Shiba Inu coin and its association with the Dogecoin community make it a digital asset worth keeping an eye on.
Who Created The Shiba Inu Coin?
Shiba Inu’s founder goes by the name Ryoshi, but very little else is known about the mystery cryptocurrency creator. Similar to the founder of Bitcoin – Satoshi Nakamoto – they remain anonymous.
How To Buy Shiba Inu Tokens
SHIB is most easily bought and sold on ShibaSwap, but it can also be purchased on Uniswap or various centralized exchanges (CEXs). As a decentralized experiment, the ShibaSwap team encourages the use of decentralized exchanges (DEXs) but advises users to do their own research.
Quickstart Guide To Buying $SHIB:
- Create Metamask Wallet – Creating a MetaMask wallet on either your desktop, tablet or mobile will allow you to buy, sell and receive SHIB or ETH.
- Send ETH to your wallet – You can buy Ethereum directly on MetaMask or you can purchase ETH via a CEX like Coinbase or Binance and transfer it to your wallet using the ERC-20 Network.
- Connect your Wallet to ShibaSwap – Click the “Connect to a wallet” and select MetaMask.
- Swap ETH for SHIB – Once connected, you can start swapping once you have Ethereum in your account. Press “Select a token” and enter the token address or search for the required token from the list available.
Further instructions can be found on the main Shiba Token Website.
How To Burn Shiba Inu Coins
What does burning a crypto currency mean?
In the context of cryptocurrency, burning typically refers to the process of permanently removing a specific number of coins or tokens from circulation. This can be done for a variety of reasons, such as to reduce the supply of a cryptocurrency and increase its value, to distribute coins or tokens to certain users or groups, or to destroy coins or tokens that have been lost or stolen.
When a cryptocurrency is burned, the coins or tokens are permanently removed from circulation and can no longer be traded or used. This can have a significant impact on the supply and demand of a cryptocurrency, and can potentially affect its price. However, the exact effects of burning a cryptocurrency will depend on a variety of factors and can vary from case to case.
How To Burn Shiba Inu Coins
A Shiba burn portal has been constructed in collaboration with the creators of Ryoshis Vision, an ERC20 token assisting in the growth of the Shiba Ecosystem. This burn portal has been constructed with a Shiba burn wallet address in order to add actions that promote higher value to the Shiba Inu asset. It allows for a systematic method of burning in which scarcity can increase while making the push to grow the wealth of the community.
How Many Shiba Inu Coins Have Been Burnt? (EST)
How Many Shiba Inu Coins Are In Circulation? (EST)
The Shiba Token Ecosystem
ShibaSwap is a decentralized exchange for the popular dog-themed meme coin Shiba Inu (SHIB). The exchange allows users to provide liquidity, swap different tokens, and trade non-fungible tokens (NFTs), called “Shibatoshis,” related to the Shiba Inu ecosystem. ShibaSwap also offers staking, reward collection, and portfolio analytics. The exchange was launched on July 6, 2021, and is open to users from all over the world. In addition to SHIB, LEASH, and BONE, the exchange supports hundreds of other tokens, with over 230 markets available. The founders of ShibaSwap are unknown, as is the location of the exchange. Users pay gas fees on the Ethereum network to trade on ShibaSwap, and margin trading is not enabled on the platform.
Shiba Eternity is a card game that has been developed by Shiba Inu Games alongside PlaySide Studios. The project leader, Shytoshi Kusama, has explained the stage-by-stage player guidelines in an article for Gamasutra.com. He discusses how to design cards and balance the strategy of each turn with fairness for all players. If you are interested in Shiba Eternity, be sure to read Kusama’s article and visit the Shiba Inu Fan Wiki for the players guideline.
It is possible that Shiba Eternity could be become the most complex CCG ever launched. With the support of the Shiba Inu community, the game has a chance to be downloaded by many people and become a huge success.
Download it today from either the Apple Store or Google Play Store!!
Shib The Metaverse
Shib: The Metaverse is a virtual world that showcases the innovation and unity of the Shiba Inu community. It will be powered by the Shiba ecosystem, with all tokens (SHIB, LEASH, BONE) playing a role as the project evolves. The community will have many opportunities to interact and be involved in shaping the project. Shib: The Metaverse will also attract partnerships and provide resources for the community to benefit from. The development team is focused on delivering a high-quality product that incorporates feedback from multiple groups and partners.
Current Ways Shiba Coins Are Being Burnt
The Shiba Inu community has developed several initiatives to increase the burn rate of the SHIB token and enhance its scarcity. These initiatives include YouTube channels and Spotify playlists that burn SHIB from ad revenue, as well as mobile games, services, and blog revenue that support the growth of the ecosystem. Some specific projects include:
Shiba Eternity Mobile Game
Users can purchase standard in-game items within the Shiba Eternity game, such as the bundles and XP boosts that begin at $2. The lead developer of Shiba Inu, Shytoshi, says that 5% of all profits from Shiba Eternity will be burned to reduce the total supply of SHIB. This was confirmed a while back in a tweet by Shytoshi, stating that the game would feature token burn mechanisms. According to the tweet, a portion of the profits will be used to support the community long-term, and another part will be sent to nonprofit organizations working toward charitable causes, with no specifications regarding the percentages.
While there’s no official documentation for the game at present, there is speculation that Shiba Eternity could become a P2E game in the future, with SHIB as its main currency. The team also plans to integrate the entire SHIB community with other features and apps related to the ecosystem. If this happens, it would certainly be a bullish catalyst for SHIB, as it would generate even more in-game utility on top of purchasing card packs and SHIBOSHIS.
Do you love playing games? If so, you will love Shiba Inu’s new game, Shiba Eternity. Shiba Eternity is a fun and addictive puzzle game that can be downloaded on the Google Play Store and Apple App Store application stores. The Shiba Inu community have been campaigning for the game after International Download Day. So what are you waiting for? Go download it today!
Shibarium – Shiba Tokens L2 Solution For The Ethereum Network
The Wolf of YouTube & SHIB Planet – YouTube Channels
Where To View SHIB Burns From Community
A list of token burns can be found in the Official Shiba Token Community Discord, there are also a number of other platforms that display transaction burn lists which can be found through a quick Google search.
How iGenerate Burns SHIB Tokens
We were initially drawn to the Ethereum blockchain because of the release of Shiba Inu and the development and marketing model of the dev team. Our interest in the Shiba token ecosystem continues to grow and we are excited to experiment with the Shibarium L2 when possible. The Metaverse project is also of great interest to us, and we are eagerly awaiting future releases. In order to support the growth of our own investment in $SHIB, $BONE, $LEASH, and our invested interest in Shibarium, as well as the interests of the greater community, we have started several burn initiatives within our company and will continue to add incentivized burn mechanisms whenever possible. We understand that a burn mechanism is not necessarily an ecosystem utility, but it is a small token we can offer as a company until more is known about Shibarium and the types of applications that can be built on top of it. Corporate governance mechanisms are of particular interest to us.
Our interest in web3 and desire to experiment with its technology is the driving force behind our actions. Shiba Inu is what initially attracted us to Ethereum, and its ecosystem aligns with our company values while also demonstrating the potential to build on top of its technology, much like Apple did with the app store for developers. We believe that the Ethereum network’s scaling capabilities will attract the world’s best developers to build on it. In a sea of noise, Shiba Inu stood out to us and has helped bridge the gap between our company’s theoretical plans to move into web3 and the reality of what is possible. Of course, it is always possible that the ability to build may never materialize, but we are optimistic about the potential of the technology.
To conclude, here are a few ways we are working to reduce the supply of tokens. These mechanisms are integrated into our business model, so there are no negative consequences for us when we burn our supply. This is our way of giving back to a community that has inspired us. It may not be much, but we believe that consistently taking small steps over a long period of time is the key to success, and it is what we can offer to the #ShibArmy.
Payment Made In Shiba Inu Coins
iGenerate Digital accepts cryptocurrency as a payment method for its goods and services. One of the accepted cryptocurrencies is the Shiba Inu (SHIB) coin. As a commitment to the SHIB community, iGenerate Digital has pledged that 5% of all profits from SHIB payments will be burnt to the Shiba Burn Smart Contract. This helps to support the SHIB burn initiative and further the growth of the SHIB ecosystem. By using SHIB as a payment method, customers of iGenerate Digital can not only support the company, but also contribute to the success of the SHIB coin.
Shiba Community Referrals
iGenerate Digital has created a global referral code for the Shiba Inu community to share with potential clients. This referral code provides a 5% discount on all website development packages, which can be applied at checkout. In addition, 5% of the total amount paid will be sent to either the Shiba Burn Smart Contract or our liquidity pool for future burns, regardless of the payment method used. This discount can be combined with other discounts, such as the 5% discount for paying with SHIB.
Webdevdirect.com is a company that allows users to burn Shiba Inu coins via their website. As a part of their commitment to supporting the Shiba Inu coin community, the company offers a discount of 5% off all profit from transactions made in SHIB. The discount applies to all transactions made on the website, and the savings are automatically sent to the Shiba Inu burn portal. This helps to support the Shiba Inu coin community and promote the use of the cryptocurrency. By using webdevdirect.com to burn Shiba Inu coins, users can take advantage of the discount and contribute to the growth and success of the Shiba Inu coin community.
iGenerate SHIB Burns Pool
Contact Us For Web3 Website Design or Development
IGenerate Digital offers website design and development for web3 startup projects. Our team can assist with your web3 website development or crypto project web design. Whether it is a landing page for a web3 platform or a full website built to display your company or project details and portfolio we have you covered. Contact our team today and one of our web3 development specialists will be able to assist you.
Official Shibatoken Community Referral Code: iamryoshi – Apply at Checkout or ask for discount to be added to invoice.