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Review on SHIBA INU by Nikolay Sadonin

Revainrating 3 out of 5

Is SHIBA INU another joke crypto project?

It's impossible to ignore the enormous gains achieved by the SHIB token, but that's only due to the token's similarity to Dogecoin and the ShibaArmy's dedicated shilling, not because of the token's performance. The Shiba Inu token does not have a use case and does not have any technical support. The token's inventor, in his original Medium post, admits the token was not even rolled by him, but rather by a friend who locked half of the supply in a Uniswap contract and sent the rest to the author's wallet, a claim that is supported by the token's history.



Considering how popular the DEX is right now, it seems that the ShibaSwap exchange was added at the last minute as an afterthought. However, despite the fact that the coin was launched in August. Consider that the whitepaper is more concerned with explaining ShibaSwap than it is with addressing the tokenonics or utility of SHIB or any of Shiba Inu's other tokens, which is understandable. In conclusion, you are free to guess the future value of the SHIB tokens. Several red flags are raised by the project, ranging from the creator's secrecy to the lack of technical documentation to the fact that the idea screams Sh*tcoin.

Pros
  • Influencers have given it a lot of attention.
  • Earnings from staking are considered passive income.
  • The possibility of making short-term profits.
Cons
  • Unpredictable.

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