Indian Exchange Wazirx has Listed Shiba Inu - The Dogecoin Killer

 Indian cryptocurrency exchange WazirX is among the first to list SHIB (Shiba Inu) token trading in Indian rupees. SHIB is a decentralised spontaneous community-building experiment developed within the ecosystem. SHIB, also known as Shiba Token, is a decentralised cryptocurrency created by an anonymous person known as "Ryoshi" in August 2020.

 

It launched less than a year ago and is named after the famous Japanese dog breed Shiba Inu. The meme "Doge" was created around a photo of a dog called Kabosu, who lives in Japan with Atsuko Sato. The meme now plays a critical role behind the inspiration of SHIB and Dogecoin.

ShibaSwap is the project's own decentralised exchange cryptocurrency, where you can trade other cryptos for SHIB, or vice-versa. It’s yet to launch, so the only option left is third-parties like Binance and Kucoin.

 

A single SHIB coin is nearly worthless -- less than ₹0.0012 as of May 18, 10:00 a.m. But its trading has grown massively in the last few weeks as it got listed on more exchanges. The volatility came in after Tesla founder Elon Musk had tweeted he would like to own a Shiba pup. It excited the crypto market, and the prices rose by 300 percent. SHIB is often said to be a satirical rip-off of Dogecoin.

 

SHIB again made headlines when Vitalik Buterin, the founder of cryptocurrency ETH ( Ethererum), said he'd donate close to $1 billion (Rs 7,310 crore) to fund India's fight against a second Covid wave. India's Covid Crypto Relief Fund received 500 ETH and 50 trillion SHIB. Buterin holds 50% of the total coins, giving him extraordinary power over the currency's future..

 

Source: BusinessInsider

 

Bitdeal, being the pioneer in the industry, we always run in parallel with the industrial trend. Our best selling scripts in the industry are Binance Clone Script, Localbitcoins Clone Script, Wazirx Clone Script, etc, 

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