Live shib/INR Price
Live shib/INR Price
5,49,06,328 Cr. SHIB
60% Buy 40% Sell
Shiba Inu is a meme coin created by an anonymous individual or group, Ryoshi, in August 2020. While creators meant for the token to be a joke, it quickly became a social sensation with more than 500,000 loyal community members. Shiba Inu is an ERC20 token based on the Ethereum blockchain.
Shiba Inu’s core white paper answers the question, “What would happen if a cryptocurrency project was 100% run by its community?” According to Ryoshi, the combined decentralisation of an entire network would outperform anything that a centralised team would ever be able to create.
Shiba Inu is also part of a canine ecosystem – one that keeps up the dog theme throughout the network. On ShibaSwap, a decentralised exchange explicitly created to make SHIB and LEASH trading easier, users can “fetch” (exchange) one coin for another, “bury” (stake) coins on the network and even “dig” (provide liquidity) to the exchange.
Other crypto coins to look at
CoinSwitch, India’s largest crypto exchange, is a safe and reputed investment platform. In keeping with its mission to “Make Money Equal for All,” the company prioritizes quality in its product and the safety of all stakeholders.
Cryptocurrencies have emerged as an attractive investment option in recent years, capturing the imagination of investors despite their high volatility.
A simple explainer can be a pretty rare thing in a realm as complicated as the cryptosphere. That’s what we are here to change—one article at a time.
Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
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