Where Shiba Inu is Accepted Locally and Globally
This ERC-20 meme coin is just two CoinMarketCap ranking spots away from dethroning Dogecoin. It’s not all hype and fun, Shiba Inu has become a notable commerce coin — it’s accepted by over 600 businesses around the world, like Limitless Health (offering some very cool biohacking tech) and Heir-Max, a Nashville-based fashion brand.
Who accepts Shiba Inu…
Are you an Entrepreneur, freelancer, or manager of a business accepting cryptocurrency?
Should you buy Shiba Inu?
Perhaps yes, if (like me) you’re really not a fan of Dogecoin. It’s “an experiment in community governance and decentralization” according to its pseudonymous founder Ryoshi and Shiba is most likely to be the one that shows Dogecoin who is the alpha male of the meme coin dog pound. Does Shiba have “legitimate utility” as their website claims?
- ShibaSwap — A decentralized exchange facilitating crypto swaps into and out of the Shiba ecosystem
- Doggy DAO — The decentralized autonomous organization overseeing the project powered by the Bone token
- NFTs — Which will no doubt be gobbled up by the ShibArmy, the token’s sometimes rabid community
Speaking of its community, the one-million man (fair to assume) army behind the token is what makes Shiba Inu stand out. And its founder isn’t the only one willing to burn Shiba burn to boost its value. Also, ShibaCon — an IRL event in Las Vegas, maybe a thing in 2022.
It is listed on Coinbase and Crypto.com who are averse to platforming quintessential shitcoins. And it is a truly decentralized token, it was fair-launched with one quadrillion tokens; the founder permanently locked up 50% of the supply and gifted the rest to Vitalik Buterin who burned the majority of his SHIB and gave the remainder to charity.
At first glance, SHIB looks like a silly, flash-in-the-pan, forgotten-tomorrow hype coin BUT the +600 real-world businesses accepting it for everything from anti-aging supplements to sports bras says something about the power of decentralized community. Although, transactions can take a few minutes to confirm so it’s not an ideal commerce coin.
And no, it won’t be going to 1 cent. That would mean that it became the world’s #1 cryptocurrency, and that’s not even a remote possibility, sorry (not sorry) ShibArmy! Don’t invest money in Shiba Inu that you aren’t perfectly content to lose, meme coins have yet to prove themselves as solid long-term investments. Since Elon Musk lost interest in it, Dogecoin’s price growth has been stagnant. Its founder and development team remain anonymous and they don’t have an active Github code repository, dubious red flags to many. If you’re going to gamble on a meme coin, Shiba is the leader of the pack.
About Shiba
From its inception, Shiba Inu has done things differently. Starting with a supply of 1 quadrillion, our founder, Ryoshi, locked 50% in Uniswap, then “burned” the other half to Ethereum co-founder Vitalik Buterin for safekeeping.
To help reverse the devastating spread of Covid-19 in India, VB has since utilized SHIB in the largest crypto donation in history, and then actually burned 40% of its total supply to a dead wallet, ensuring our long-term success and stability. In the words of Ryoshi, “Thank you to the woofmeister for enabling true decentralization. Now we truly begin.”
From shibatoken.com
