Shiba Inu (SHIB) What to prove yourself

When it comes to SHIB, no one in the circle knows.

SHIB, Shiba Inu’s token name, commonly known as “Shiba Inu Coin”, is also dubbed “Shit Coin” by insiders. It was born in an experiment of decentralized spontaneous community construction. SHIB claims to be a “DOGE COIN KILLER ” ( DOGE COIN KILLER), and can surpass Dogecoin in a short time. So how is it now?

After a few months, SHIB did not cut a wave of “Dog” projects. Since its inception, SHIB has had two big gains, which have attracted the attention of insiders and outsiders.


According to data from Coingecko, since the birth of SHIB, the highest increase has reached 25742602.2%, which is more than 250,000 times. Even in the last month, there has been a nearly three-fold increase. Surprisingly, the market value of SHIB has entered the top 20 of the cryptocurrency rankings. Be aware that the 18th place is the old token BCH.

Not only that, the SHIB community has developed very rapidly.

At present, many well-known trading platforms have launched SHIB trading pairs, including Coinbase, eToro, India’s oldest encrypted trading platform Zebpay, FTX, Binance, Uniswap, etc. The official Twitter account of SHIB has also gained 1.18 million followers.

In addition, SHIB is no longer just an experiment, but has a real use.

As one of the largest entertainment companies in Paraguay, Grupo Cinco began accepting cryptocurrency payments in July, including SHIB, as well as BTC , ETH , CHZ, etc. announced on October 13 that when using SHIB to check out within 7 days, it will provide customers with a 5% discount. added SHIB as a payment currency in July, which enables customers to use SHIB to shop from Amazon, Walmart, eBay and other popular e-commerce companies.

Recently, SHIB’s official Twitter announced its cooperation with NowPayments (cryptocurrency POS platform) to provide online payment methods for COBRA WISDOM mall. Users can purchase any goods in the mall and use SHIB, LEASH, BONE tokens to pay, and each transaction will be Burn a certain percentage of SHIB. COBRA WISDOM official store also announced that it will start to support SHIB, LEASH, and BONE payment methods at 12:00 (PST) on October 8.


On the charity petition website, there is a petition urging game station Gamestop to accept SHIB payment. The target is 35,000 people, and 27,199 people have signed it so far. If the petition is successful, it will mean that SHIB is more widely accepted.


In order to better expand the community ecology, Shiba Inu also said that it will launch the NFT series The Shiboshis. The initial sale of Shibashis will be carried out on the ShiboshiSwap website. The website has been personalized for Shiboshis sales. After that, users will be able to transfer and trade their NFT on secondary markets such as OpenSea . 

Shibashis uses a tiered pricing model: the first 3000 are 0.1ETH, the next 5000 are 0.2ETH, and the last 2000 are 0.3ETH. Users can use the token LEAH to purchase within 24 hours after the issuance. Shiboshis is not just an NFT, it will eventually be converted into a character in the Shiboshi game, which will allow users to deploy their NFT in a strategy game, and each NFT has unique attributes. 

The official also announced that users will be able to use SHIB to rename their Shiboshis, and the money spent will cause tokens to burn. Shiboshis can be named as any user likes, and each change of name costs $100 of SHIB, and these tokens will be destroyed from the SHIB wallet. If everyone named their Shiboshis, it would burn and destroy $1 million worth of SHIB.

At present, the series has been released on October 15th, Beijing time, with a total of 10,000 pieces, and the price on the OpenSea floor is 1.3 ETH.


In 5 months, SHIB’s results are obvious to all. As the official said, SHIB is an experiment in decentralized spontaneous community construction. However, behind this kind of community experiment, it represents the rise and development trend of a decentralized community power. SHIB is just the beginning, and the story of SHIB has just begun.

Posted by:CoinYuppie,Reprinted with attribution to:
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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