What is Shiba Token?


Shiba Token, or SHIB, is a new Cryptocurrency categorised as Token. For your information, Token and Coin are quite different, as every Cryptocurrency of Token doesn’t have Blockchain of its own. Shiba Token itself is run by Ethereum system.

In 2020, Shiba Token was created for one billion units. The symbol portrays a cute Shiba Inu dog.

What does Shiba Token have to do with Dogecoin?

Shiba Token is well-known as “Dogecoin killer”, as the currency was inspired by Dogecoin. The dogs in both symbols are even the same breed.

However, even Shiba Token was created not for a long time, but it has gained popularity worldwide. Many traders are interested in this currency. Also, the value of Shiba Token is quite high. All thanks to Elon Musk, the CEO of Tesla Inc., who has posted about Shiba Token on his Twitter account.

What is ‘Shibaswap’?

Shibaswap is an exchange system that is not ready to be launched yet. The creator of Shiba Token has tried to develop this thing to build a true ‘decentralized exchange community’. The community is highly safe for users, as there are various central owners instead of one central owner. Moreover, all users carry the same Private Key data.

The creator of Shiba Token has been intended to put their 3 main Cryptocurrencies: SHIB, LEASH and BONE, in Shibaswap. When it’s done, it will be extremely interesting, as you can change one currency into another, or you can even use Shiba Token to look for something else. However, some changes might be applied. So, make sure that you follow all updates.

How to trade Shiba Token

If you are a new trader who’re interested in trading Shiba Token, you can purchase some via leading worldwide platforms, both on their applications and websites, as Shiba Token hasn’t reached Thai platforms yet.



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