What is SHIBA INU (SHIB) | What is SHIBA INU token | What is SHIB token
I will give you a short background that I am an independent trader of cryptocurrency for a couple of years and have always been fascinated about the genesis of decentralized communities.
To be specific, to what degree are they seeded and guided by invisible hands or can they really grow from seed to something perpetual and 100% community owned in the same way we see BTC or DOGE with no central figure or organization maintaining.
Since crypto is all about tokens, honestly I think that decentralization is a matter of aligned interest and distribution to token holders. If mystery admin holds 30% of all tokens in so-called “locked wallet” then still mystery admin has 30% of responsibility for the community and drive. This is what we often see.
So when we design the SHIBA experiment, our goal was very altruistic to give an opportunity for fair distribution and ownership from day 1. This means even if I RYOSHI and my frens setup SHIBA, we have no more potential for ownership that anybody else in the world. We will continue more about the ethos and vision, but first how it was done.
**Rule #1 **— I Ryoshi spend 0 on the project. Why 0> It is not because I am poorboi, I sell all my chainlink for $8 to pleb and have fun crypto money to play, it is because I want to know if something can start from zero from someone with zero.
Rule #2 — Since I spend 0 on the project, any $SHIB token I own has to be bought from the free market like anybody. So these are my token, not “team token” or “admin token” it is just “ryoshi token” same as if you bought it.
**Rule #3 **— Since “team” has no tokens and I am just some volunteer, we can’t pay anybody in $ETH or $SHIB for influence or exchange listing. Already in the time since $SHIB is know, I have had 28 different “influencer” contact me trying to get free token and 9 different “exchange representative.” to all of them I say the same thing.
Thank you for your interest in $SHIB. We are an experiment in decentralized spontaneous community building. The team and admin are all volunteers here and have had to market buy the tokens the same as everybody else, so there is no bucket of tokens or funds to pay to anybody or anything. If you wish to help the project you certainly can and work with us to find a way to make your efforts the most valuable. We believe through the power of collective decentralization we can build something stronger than a centralized team ever could create. ALL HAIL THE SHIBA!
So that is where we are now, already the telegram community has 6000+ members (some are bots someone added, but it’s ok) and millions of dollars in trading volume on Uniswap and listed already on Coin Gecko and CMC. Before we tell you the future, maybe will be fascinated about “how we did it” with no money!
First thing is I had a fren that i met at devcon last year in Osaka who has some influence in the space, we talk sometimes about Crypto philosophy and I told him the vision and he agreed to help. So he made a token contract and put half of it on Uniswap with 10ETH pair (he is successful business man so 10ETH is nothing for him) and threw away the liquidity keys so the ETH or the tokens can never be withdrawn. He then transferred the rest to me to do my part.
STEP ONE complete, we have a $SHIB token made and 50% Supply locked into sale contract and the other half to my burning wallet. Thank you fren!
Next we tell some more frens and WOW MOON LAMBO PUMPPPPPPY .
Yay! that happened. Because of power of the SHIBA, a very strong trading environment happened where some make big money, pleb get reky, like any trading floor.
But what is more interesting is that caused a 100% distribution of all the supply so that all the rando anons on the internet now have vested interest in $SHIB. Even I got a little excited and bought a bag of $SHIB during the hype, but will hold and have no interest to sell anytime soon.
So this is where we are, price goes up people HAIL THE SHIBA, price goes down people cry “ADMIN WHY DUMP”
It goes both ways, the point is that it is fun asset to trade and build community.
So People ask me the “roadmap” an plan for SHIBA and give suggestions.
I can say the one thing is to burn the rest of the tokens, you can see here that we sent over 50% of the TOTAL supply to Vitalik. There is no greatness without a vulnerable point and as long as vB doesn’t rug us, then SHIBA will grow and survive.
So what can you do to help the SHIBA
1- If you are influencer, you can speak about SHIBA on your platform
2- If you are listing person from exchange, you can list SHIBA or invite us to participate in community listing contest. I can promise you that SHIBA army will always win over pleb coin
3 — If you want to help setup core growth of the project, some development thing like yield farming or be more involved in marketing plan, run new channels then we can talk and see where is good fit.
4- Ideas to increase trust and transparency for the project
5- If you are darkweb shillboi, you can make chan and reddit and our SHIBA Army will support.
However I need to say a few things clearly
1 — We don’t take investment — who would take the investment? I am just some volunteer also. If you want to contribute we can help you direct your resources (maybe some exchange wants fee, you are welcome to pay) or just go Market Buy SHIB to show support.
2 — We don’t have Admin tokens for anything and i will not give you my bag!
3- Our volunteer team is small, usually when people give suggestions, we ask them if they can do it, we will support, but usually best way to do things is to do yourself.
Is this a fair challenge? To see if we can build a 100% decentralized and autonomous perpetual community with no leader. I am not important, and one day I will be gone without notice. Take the SHIBA and journey upwards frens.
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How and Where to Buy SHIBA INU (SHIB) – An Easy Step by Step Guide
SHIB has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy SHIB.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)… We will use Binance here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You will be charged higher fees when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence.
Step by Step Guide ☞ What is Binance | How to Create an account on Binance (Updated 2021)
Next step
Transfer your cryptos to an Altcoin Exchange
Since SHIB is an altcoin we need to transfer our coins to an exchange that SHIB can be traded. Below is a list of exchanges that offers to trade SHIB in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from coinbase depending on the available market pairs. After the deposit is confirmed you may then purchase SHIB from the exchange view.
Exchange: Binance, MXC.COM, Uniswap (V2), Hotbit, 1inch Exchange, and 0x Protocol
Update: Binance Will List SHIBA INU (SHIB) in the Innovation Zone
Binance will list SHIBA INU (SHIB) in the Innovation Zone and will open trading for SHIB/BUSD and SHIB/USDT trading pairs at 2021-05-10 11:00 AM (UTC). Users can now start depositing SHIB in preparation for trading.
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once SHIB gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ Bittrex ☞ Poloniex ☞ Bitfinex ☞ Huobi ☞ MXC ☞ ProBIT ☞ Gate.io ☞ Coinbase
Find more information SHIB
☞ Website ☞ Explorer ☞ Explorer 2 ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Coinmarketcap
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
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