Buy Shiba Inu (SHIB)
What is Shiba Inu?
Shiba Inu (SHIB) is a decentralised cryptocurrency that operates on the Ethereum blockchain. It was created as an experiment in decentralised community building and features the Shiba Inu dog breed as its mascot.
How does Shiba Inu work?
Shiba Inu operates on the Ethereum blockchain as an ERC-20 token. Currently, it uses the Proof of Work (PoW) consensus mechanism, but it is expected to transition to Proof of Stake (PoS) with Ethereum's upgrade. It leverages smart contracts for decentralised finance products and is part of the broader Shiba Inu ecosystem, which includes the ShibaSwap decentralised exchange.
What are the potential use cases for Shiba Inu?
Shiba Inu's use cases include serving as a decentralised meme token, acting as a medium of exchange within its ecosystem (such as ShibaSwap), and being used for transactions by merchants who accept SHIB. It also serves as an investment asset and is utilised in real-world applications like travel bookings and donations, among other uses.
What is the history of Shiba Inu?
Shiba Inu was created in August 2020 by an anonymous individual or group called "Ryoshi." Inspired by Dogecoin, it aimed to construct a community-driven meme token. It gained significant attention with Vitalik Buterin's donation of SHIB for COVID-19 relief. The ecosystem has expanded with ShibaSwap and other tokens like LEASH and BONE, as well as developments like Shibarium, a layer two blockchain solution.
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Frequently Asked Questions (FAQs)
What is the current price of Shiba Inu (SHIB)?
The Shiba Inu price is $0.00003787 AUD, representing a +5.5% from the day prior.
Where is the best place to buy Shiba Inu (SHIB) in Australia?
The best place to buy Shiba Inu (SHIB) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Shiba Inu (SHIB) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Shiba Inu (SHIB)?
The trading volume of Shiba Inu (SHIB) is $1.1B AUD in the last 24hrs, representing a +5.5% from the day prior.
How can I buy Shiba Inu (SHIB)?
Shiba Inu (SHIB) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Shiba Inu (SHIB)?
The current market cap of Shiba Inu (SHIB) is $22.2B AUD.
Can I convert Shiba Inu (SHIB) to cash?
Yes - With Coinstash you can convert your Shiba Inu (SHIB) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Shiba Inu (SHIB) are there?
The current circulating supply of Shiba Inu (SHIB) is 589.3T.
Is Coinstash a safe place to buy Shiba Inu (SHIB) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Shiba Inu (SHIB) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.