{"id":2879,"date":"2021-05-20T15:19:04","date_gmt":"2021-05-20T07:19:04","guid":{"rendered":"https:\/\/blog.btse.com\/?p=2879"},"modified":"2023-03-08T10:46:25","modified_gmt":"2023-03-08T10:46:25","slug":"btse-has-launching-shiba-inu-shib","status":"publish","type":"post","link":"https:\/\/www.btse.com\/blog\/btse-has-launching-shiba-inu-shib\/","title":{"rendered":"BTSE Lists Shiba Inu (SHIB)"},"content":{"rendered":"

BTSE has listed Shiba Inu (SHIB) on May 19, after trading of the \u201cmeme coin\u201d recently surged by a staggering 1,418.68% in one week.<\/span><\/p>\n

 <\/p>\n

SHIB\u2019s Sudden Rise to Fame<\/b><\/h2>\n

The Shiba Inu coin became among the latest tokens to capture the attention of crypto traders. Its recent popularity can be partly traced to Dogecoin\u2019s success, even as it\u2019s been known as a \u201cDogecoin killer\u201d, for its rapid rise and its self-proclaimed more \u201ccommunity-driven\u201d technology.<\/span><\/p>\n

SHIB started garnering massive investment from Chinese investors last week as social media influencers on Weibo and WeChat aggressively promoted the token. Billionaire venture capitalist Charles Xue Biqun was among the leading influencers who pumped up SHIB prices through multiple posts on Weibo to his 11 million followers.\u00a0<\/span><\/p>\n

The canine-themed meme crypto with a total supply of one quadrillion tokens has cracked into the top 30 most valued digital assets on <\/span>CoinMarketCap<\/span><\/a>. SHIB currently ranks 27th with a market capitalization of nearly US$7.8 billion (as of May 18, 2021) and was priced at around <\/span>$0.000017<\/span><\/a>.<\/span><\/p>\n

 <\/p>\n

More About Shiba Inu\u00a0<\/b><\/h2>\n

A team of developers led by founder \u201cRyoshi\u201d launched the Shiba Inu coin in August 2020. The project’s backers describe SHIB as “an experiment in decentralized spontaneous community building” and depict the token as a direct rival to <\/span>DOGE<\/span><\/a>.<\/span><\/p>\n

According to the project’s <\/span>official website<\/span><\/a>, SHIB has locked 50% of its total supply to leading decentralized exchange (DEX) Uniswap. The remaining 50% was burned to Ethereum co-founder Vitalik Buterin, so all interested investors have to buy the token on the open market.<\/span><\/p>\n

This approach guarantees a fair and complete distribution, where SHIB developers don\u2019t own team tokens they can dump on the community and dilute the price. SHIB is listed and incentivized on ShibaSwap, a DEX built on the Ethereum blockchain. The project is also advertised as an \u201cartist incubator\u201d, suggesting its foray into the NFT market.<\/span><\/p>\n

 <\/p>\n

\n
\n<\/div>\n

Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at\u00a0feedback@btse.com or on Twitter @BTSE_Official.<\/em><\/p>\n

Note: BTSE Blog contents are intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

BTSE has listed Shiba Inu (SHIB) on May 19, after trading of the \u201cmeme coin\u201d recently surged by a staggering 1,418.68% in one week.   SHIB\u2019s Sudden Rise to Fame The Shiba Inu coin became among the latest tokens to capture the attention of crypto traders. Its recent popularity can be partly traced to Dogecoin\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":6190,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-2879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-announcements"],"yoast_head":"\nBTSE Lists Shiba Inu (SHIB) — BTSE Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.btse.com\/blog\/btse-has-launching-shiba-inu-shib\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BTSE Lists Shiba Inu (SHIB)\" \/>\n<meta property=\"og:description\" content=\"BTSE has listed Shiba Inu (SHIB) on May 19, after trading of the \u201cmeme coin\u201d recently surged by a staggering 1,418.68% in one week.   SHIB\u2019s Sudden Rise to Fame The Shiba Inu coin became among the latest tokens to capture the attention of crypto traders. 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