Shiba Inu (SHIB) exchange, storage, where and how to buy online profitably

Shiba Inu (SHIB) is a meme token that has evolved into a serious decentralized ecosystem. The coin was developed on the Ethereum blockchain. In 2021, SHIB's popularity has grown significantly due to speculation and investor actions. Today, the Shiba cryptocurrency is available on many services and platforms, for example Mason-ex makes it possible to make a profitable exchange for other digital assets or fiat.

Shiba - what is it?

SHIB is developed on the Ethereum blockchain. In 2013, there was a peak in memes with the Shiba Inu dog breed. This is what inspired the creation of the meme token. In 2020, an anonymous person signed as “RYOSHI” launched the SHIB coin. But the creator of the token stated that one more person, whose name was never named, is related to the development. It is known that this is a very influential person in the crypto world, whom he met at a conference in Japan in 2019. Approximately 1 quadrillion SHIBA coins were minted in August 2020.

The Shiba coin is considered a direct competitor to Dogecoin. And according to the developer, Shiba has the ability to greatly exceed the price of Dogecoin, without even exceeding $0.01. Today the Shiba Iny rate is $0.00002484. Today Dogecoin ranks 8th in market capitalization, and Shiba Iny is only 12th. Shiba's 24-hour trading volume is $2,291,293.

Interesting facts about the SHIB token

Rayoshi released an article in 2020 in which he called himself a serious expert in the development of decentralized currency. He also described several rules thanks to which the Shiba token is a unique project:

The project costs $0.
Due to the fact that no funds were spent on the development of the project, the creator could buy tokens along with others after listing.
0$ invested in promotion.

There is a possibility that the “very influential person in the crypto world” is Vitalik Buterin. When the token first launched, half of the supply was transferred to Buterin’s Ethereum wallet. Of this amount, 10% was donated to India to help those affected by COVID-19. The remaining 40% were burned. It is worth noting that 10% of the tokens from the supply at that time is approximately $1 billion. Thus, this donation is considered the largest.
Several facts speak in favor of the fact that the second participant in the project is Buterin:

Rayoshi personally transferred 50% of the tokens to Buterin. And the remaining coins were sent to the Uniswap DEX exchange.
The project's whitepaper has been updated following the donation to Buterin. There was also a message that Buterin is a friend of SHIB.
On the Internet you can see photographs showing Buterin after a conference in Japan. The same place where Rayoshi met his “partner.”

It is all these facts that give reason to assume that the second anonymous creator of the Shiba token is Vitalik Buterin.

But these are not all the interesting points about Shiba Inu, the crypt has increased in price thanks to meme coin lover Elon Musk. In 2021, he tweeted a post that he wanted to buy a Shiba Inu dog. And investors decided that Musk wanted to buy Shiba Inu, and as a result, they began to buy this asset. Even when everything became clear, the exchange rate had already increased, and it was not possible to reduce it. After just 1 hour, the value of the coin increased by 68%, and after 2 days by 1223%. As a result, in 5 days the coin rose by 2000%. But the price dropped during a period when the market fell. The reason for this was again Elon Musk. He stated that Tesla will no longer accept Bitcoin as a means of payment. In early October 2021, the token rate recovered. Guess who. That's right, Elon Musk. The billionaire published a photo of a Shiba Inu puppy.

Technical word

The ecosystem consists of 3 tokens - SHIB, BONE, LEASH. For the full operation of the system, the ShibaSwap DEX exchange was created.

Shiba Iny was not created on its own separate blockchain. It runs on the Ethereum network.
DEX is a peer-to-peer trading platform where traders can trade SHIB and other assets without intermediary fees.
BONE is needed to act as a platform governance token.
LEASH – considered a conversion token.

What are the functions of the ShibaSwap DEX exchange:

You can contribute digital assets in pairs to open liquidity pools or create your own.
For cashing in SSLP tokens you can receive rewards and bonuses.
You can stake project tokens in Bure and receive BONE as a reward.
NFT support.

In the fall of 2021, an anonymous trader bought $1.2 million worth of SHIB coins. After which the rate increased slightly.

If you want to buy Shiba Inu cryptocurrency, the most convenient way to do this is through an exchanger. For example, Mason-ex has a convenient interface and a favorable rate. The Shiba coin is a good investment as a long-term investment.