SHIBA INU History / Information / Buying / Staking
SHIBA INU HISTORY
Shiba Inu is a cryptocurrency meme token launched by an anonymous founder called Ryoshi. Like Dogecoin (CRYPTO:DOGE), it's based on the Doge meme, which features a Shiba Inu dog. It even calls itself the "Dogecoin killer."
HOW SHIBA INU WORKS
The SHIB token is an Ethereum-based ERC-20 token that was created as a direct competitor to Dogecoin. The token does not support smart contracts and is not backed by any asset. However, it can be transferred from one user to another. SHIB is one of many dog-themed cryptocurrencies. However, unlike dogecoin, SHIB is building an entire ecosystem around itself named ShibSwap. As of now, ShibaSwap consists of two tokens: LEASH and BONE.
BENEFITS OF USING SHIBA INU
Some of the benefits of using Shiba Inu are:
Investors can earn rewards through staking or joining a liquidity pool.
POTENTIAL HUGE GAINS
Potential for price spikes and profits
CAN YOU STAKE SHIBA INU
In the ShibaSwap exchange, SHIB, LEASH, and BONE tokens can be staked and the reward ratio is different for each.
COINS SIMILAR TO SHIBA INU
Direct competition to Shiba Inu which are considered similar coins are: