The Complete Guide to SHIB (Civaine Coin)
Table of Contents
1. basic information
Virtual Currency Names and Overview
SHIB (Shibainu Coin) is a meme coin created by anonymous developer "Ryoshi" in August 2020. An ERC-20 token that runs on the Ethereum blockchain and features a logo with a Shiba Inu motif, SHIB was created to be a "Dogecoin killer" and seeks to establish itself as a community-driven decentralized virtual currency.
Number of Copies Issued and Supply
The total supply of SHIBs is set at a very large 1 trillion tokens. This is done intentionally, keeping the value of individual tokens low to make it easier for more people to participate. However, over time some tokens have been "burned" (permanently removed) and the actual amount in circulation is less than the total supply.
You have not selected any currency to displayTechnical Mechanisms
SHIB is an ERC-20 token that runs on the Ethereum blockchain. This creates a unique ecosystem that leverages the security and scalability of Ethereum while SHIB functions in conjunction with several tokens (LEASH, BONE) around a decentralized exchange (DEX) called SHIBaSwap.
Development Team and Community
The development of SHIB was initially led by an anonymous developer named "Ryoshi," but is now run by a team led by Shytoshi Kusama. The community is very active, with information sharing and discussions taking place on social networking platforms (especially Twitter).
application information
How to purchase and store
SHIB can be traded on many major virtual currency exchanges. The following are representative exchanges:
- Binance
- Coinbase
- Kraken
- KuCoin
For storage, ethereum-compatible wallets such as MetaMask are available, as well as exchange wallets. For long-term storage, hardware wallets (Ledger, Trezor, etc.) are recommended for security reasons.
Use Cases and Future Prospects
SHIB has the following main use cases
- Investment Assets: Investment Targets with Price Fluctuation
- Payment methods: available at some retailers and online services
- DeFi (decentralized finance): staking and yield farming on ShibaSwap
In the future, we aim to expand our ecosystem by developing the Shiberse metaverse project and launching our own blockchain, Shibarium.
Competitive Comparison
SHIB's main competitor is Dogecoin (DOGE). compared to DOGE:
- Newer and more technologically advanced (use of Ethereum blockchain)
- Characterized by community-driven development
- Enhanced DeFi functionality
DOGE, on the other hand, has a longer history and name recognition, and has the support of such luminaries as Elon Musk.
Risks and Cautions
- High price volatility: highly speculative due to its nature as a meme coin
- Regulatory Risk: Changes in virtual currency regulations in various countries may impose restrictions on transactions and holdings
- Security Risk: Potential target of phishing scams and hacking
- Project sustainability: uncertainty of long-term value creation
Expert opinion and evaluation
Opinions on SHIB are divided among virtual currency analysts. Some analysts credit the strength of the community and the unique ecosystem it has built, while others point to the difficulty of long-term value creation. Investor Michael Barry warns against meme coins, including SHIBs.
ETC
Latest News
- August 2023: Mainnet launch of Shibarium (Layer 2 solution)
- Early 2024: Improved SHIB Burning Portal, more active community-led burning events
Roadmap
The SHIB development team has announced plans for ongoing development, including
- Enhancement and optimization of Shibarium
- Upgrade ShibaSwap and expand DeFi functionality
- Full-scale development of the Shiberse (Metaverse) project
- SHIB: Continued development of The Metaverse (virtual real estate project)
FAQ
Q: Are SHIBs a safe investment?
A: All virtual currency investments involve risk; SHIBs in particular are subject to extreme price volatility and require a thorough understanding and prudent judgment.
Q: Will SHIB prices increase in the future?
A: Predicting the price of virtual currencies is very difficult and cannot be said with certainty. Many factors affect prices, including market trends, project progress, and the regulatory environment.
Q: Where can I purchase SHIB?
A: Available on major virtual currency exchanges such as Binance, Coinbase, and Kraken.
Q: How should SHIBs be stored?
A: For small amounts, exchange wallets are fine, but for large holdings, we recommend using a software wallet such as MetaMask or a hardware wallet such as Ledger.
Q: What is the difference between SHIB and Dogecoin?
A: SHIB runs on the Ethereum blockchain and offers more diverse DeFi functionality. Dogecoin, on the other hand, has its own blockchain and focuses primarily on remittances and payments.
English 
日本語