SHIBA INU aka SHIB is a pioneer in decentralized community building. The Shiba token is an ERC-20 only token and can remain well under a penny and still outpace Dogecoin in the long term according to its founders.
Nicknamed the "DOGECOIN KILLER" it has already amassed huge popularity worldwide and is already up thousands of percent.
As of today (11/05/21), one of the worlds biggest exchanges; Binance has listed SHIB. It can be purchased and traded under the SHIB/USDT and SHIB/BUSD pairs. Undoubtedly, this is a huge step towards global adoption as it was previously only available on Uniswap. Many other popular exchanges will follow and list SHIB in due course. SHIB is also the first cryptocurrency token to be listed and incentivized on the ShibaSwap decentralized exchange.
Although the supply is capped at an eye watering 1,000 Trillion tokens, according to their official website 50% of the total supply has been locked to Uniswap and the keys thrown away. With the remaining 50% burned to Vitalik Buterin, ETH founder.
Fundamentally, the future looks exciting for SHIB with their Artist incubator project acting as a promising stepping stone towards their introduction into the booming NFT market. Shiba have also launched a community effort called the SHIBA INU rescue operation whereby they are utilizing the built in Amazon Smile feature to donate for this cause. This no cost method allows any Shiba Inu member to help Rescue Shiba Inus by simply using smile.amazon.com when they place orders and put their preferred non-profit organization to Shiba Inu Rescue Association.
It will be interesting to see how the hype coupled with the fundamentals plays out over the coming months. With the prospect of following DOGE's rise to MEME supremacy and even overtaking it on the cards, now may possibly be a great time to invest for the long term. As always, these are only my thoughts and should not act as financial advice. As always DYOR (do your own research) and only invest what you can afford to lose.
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