We suggest purchasing Shiba Inu on KuCoin. There are several platforms where you can buy Shiba Inu, including Binance US, Robinhood, Gemini and Coinbase. After a tumultuous week, there's finally hope for Shiba Inu coin - the cryptocurrency dubbed "the Dogecoin killer." Where to buy Shiba Inu Burning tokens increases scarcity, and as a result, the price is likely to go up. On May 16, to SHIB holders' delight, Buterin announced that he burned 90% of his Shiba Inu coins, and planned to donate the remaining 10% to charity. Although Buterin's shocking act was for a good cause, it unnerved SHIB token holders. On May 12, Buterin announced that he sold $1 billion worth of SHIB tokens for charity. The problem with Buterin’s large SHIB ownership is that if he decides to sell his tokens, SHIB’s price will experience a severe plummet - and that's exactly what happened. Benzinga, however, believes Shiba’s team gifted Buterin the coins to make SHIB more scarce. You're probably wondering, "Why the hell would they do that?" The motive behind gifting Buterin Shiba tokens was not mentioned in the woofpaper, but according to Celebrity Net Worth, it was likely a publicity stunt. Interestingly, the woofpaper revealed that 50% of SHIB’s token supply was sent to Vitalik Buterin's wallet (Buterin is Ethereum’s founder). The woofpaper also delves into why SHIB runs on Ethereum, explaining that it is a secure, well-established blockchain that lets SHIB remain independent of moderating forces. "A community-run token is nothing without the united individuals who give it purpose." "We believe through the power of collective decentralization, we can build something stronger than a centralized team could create," SHIB's founder Ryoshi (psuedonym) said. banks and governmental bodies) from monopolizing control. Decentralization prevents authoritative institutions (e.g. How to buy Shiba Inu coin (Image credit: )Īfter perusing through Shiba Inu coin's 22-page white paper (the pun-loving author calls it a "woofpaper"), the meme token's main mission is to preserve one of the main tenets of cryptocurrency: decentralization.
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