Buy Shiba Inu

Shiba Inu is a cryptocurrency launched in August 2020 by an anonymous person who has been named Ryoshi. Shiba Inu belongs to the category of 'meme coins' and claims to be the first cryptocurrency that is entirely community-controlled. The name comes from the Japanese dog breed shiba inu and is inspired by Dogecoin.

Shiba Inu built a serious and engaged community in a relatively short period of time. The cryptocurrency was launched as a meme coin, but has since focused on developing a serious ecosystem with a range of products and services. Within this ecosystem, tokens and DeFi solutions such as a layer 2 scaling protocol, Shibarium, and a decentralized exchange, ShibaSwap, run.

Who are the founders of Shiba Inu?

Shiba Inu was created by Ryoshi, whose true identity is unknown. Ryoshi has emphasized in communications that their identity is unimportant, and that the focus should be on the community and the project itself. When Ryoshi disappeared in May 2021, Shytoshi Kusama took over the role of lead developer. Shytoshi's identity is also unknown to this day.

The Shiba Inu ecosystem is diverse and extensive, and consists of the following components:

• Shiba Inu (SHIB): The SHIB crypto is the primary token of the Shiba Inu ecosystem and is used for transactions, investments, and as a common currency within the network.
• Doge Killer (LEASH): LEASH tokens, of which there is a limited supply, are used as a means of payment or investment.
• Bone (BONE): Users can use BONE as a governance token to vote on important decisions within the ecosystem.
• Shibarium: As a layer 2 scaling solution, Shibarium focuses on improving transaction speed and reducing costs, making the network suitable for multiple use cases such as DeFi and microtransactions.
• ShibaSwap: This decentralized exchange allows traders to swap and stake tokens, and contribute to the liquidity and stability of the network by lending tokens.
• Shiba Inu Incubator: Artists and developers can contribute to the Shiba Inu ecosystem by participating in the Shiba Inu Incubator.
• Shiboshi: The NFTs within the Shiba Inu ecosystem are called Shiboshis. They are used as collectibles and for various other applications within the network.
• Shiba Inu Metaverse: In the virtual world of Shiba Inu Metaverse, users can interact with each other and play games. The tokens and NFTs play an important role within this metaverse.

Shiba Inu is not the only meme coin on the crypto market, but it does have some distinguishing features that make the Shiba Inu coin unique:

• Active community: Shiba Inu has an active community, which has called itself the 'ShibArmy'. They play an important role in the decision-making and direction of the project.
• Extensive ecosystem: Unlike many other meme coins, Shiba Inu has developed an extensive ecosystem including various DeFi applications, tokens, and NFT projects.
• Accessible and low cost: With its large total inventory and relatively low price, Shiba Inu is accessible to a wide audience. This makes Shiba Inu an attractive option for new investors.
• Decentralized and democratic: Shiba Inu is strongly committed to decentralization, not only in technology but also in governance. The BONE token allows token holders to have a say in the future of the Shiba Inu ecosystem.

SHIB runs as an ERC-20 token on the Ethereum blockchain. Shiba Inu’s DeFi applications, including Shibarium and ShibaSwap, use Ethereum’s smart contracts.

ShibaSwap

ShibaSwap allows users to swap SHIB and other tokens without the need for a central authority. To do this, ShibaSwap uses an automated market maker (AMM) of UniSwap V2 Contracts. In addition to trading tokens, users can also stake SHIB tokens to earn rewards. They also receive rewards for lending tokens to provide liquidity to the decentralized exchange. This process is called yield farming.

Shibarium

Shibarium is a layer 2 scaling protocol that runs as a second layer on the Ethereum blockchain. Users can perform transactions on this layer, making transactions faster and more affordable. Developers can also build their applications within Shibarium, allowing them to take advantage of its benefits.

Purchase Shiba Inu at Bitvavo. Our exchange is accessible for both novice and experienced crypto traders. Follow these steps to buy SHIB via our website and app:

1. Log in to your Bitvavo account.
2. Deposit money into your account by clicking "Deposit".
3. Visit the Shiba Inu buy page.
4. Enter the desired amount in euros or the number of Shiba Inu you wish to purchase and click "Buy".

After completing your purchase, you will receive the SHIB tokens straight to your Bitvavo account wallet. Selling Shiba Inu is just as easy via your account, allowing you to quickly respond to changes in the market.

Shiba Inu can be safely stored in the wallet of your Bitvavo account, where the majority of digital currencies are managed offline in cold hardware wallets. This ensures a high level of security for your crypto assets. For extra security, we recommend activating two-factor authentication (2FA).

For those who prefer personal hardware wallets, you can easily transfer your SHIB after linking your external wallet address to your Bitvavo account.