Review on SHIBA INU by Digital Convict
Will Elon Musk's opinion influence too?
The purpose of the token is to become the main contender for DogeCoin.
The project was ready in early February 2021. At first glance it would seem that the project has little activity, it has less than 200 followers on Twitter; But it has more than 6K members on Telegram, the active group is around 900.
Acquiring the token is within the reach of a click with the Web wallet, although it is a currently cheap token, the gas payment per transaction increases the expense.
It can be purchased in DEX, the minimum withdrawal fee is also high. It is difficult to decide between leaving the tokens or paying for the gas, a matter of perspective or investment.
In the official portal it promises to launch its own swap soon, it has no date announced. The roadmap has not been published either.
Given the large number of tokens, there are 2 buttons for token burning.
The portal has a governance section, where it is possible to register and start a discussion. Acquiring the token also allows you to be part of a community
distributed in multiple platforms. It is not necessary to own Shiva Inu to register.
We will have to wait the publication of WP & RM to learn more about the project.
Updated 4 years ago
Rating has not been changed
Although the Road Map, White Paper and Token burns date still pending, The Swap will be released ending April 2021.
The token, emerged as a social experiment, initially launched in:
In April 2021, was listed in 8 new spots (MXC, Gate, LBank, Biki, Hoo, Poloniex, CoinBene and 0x )* Adding 11 exchanges to trade it; Increasing visibility in the crypto world. In a couple of weeks reached 26,5K followers on Twitter.
The website was renewed; The Governance section was replaced by Community, with 28 Telegram groups to overcome communication barriers.
Originally it was spawned to compete against Doge; But, the nature of SHIB is different; Versatility is quality of Erc-20 tokens; This is an advantage for adoption. That know <66K Holders, who saws beyond the meme.
It is true that "The value of any asset" could be affected by positive or negative opinions of celebrities. But the value of Shib resides in their Community and the richness of their collective culture: "Shibers, Shiblovers, ShibArmy..."
At 52 days from the first review, the project is showing to the market that "Total supply is not an obstacle in compounding time" (Something important for everyone).
Due to its simplicity, attracts the attention of cyptoskeptics and enthusiasts; From users of all levels.
If developers act legitimately. In objective opinion, the proyect could become a benchmark for the current decade. The low cost facilitated it's acquisition and increased it's attractiveness; It is already accessible to modest budgets.
I hope the update contributes additional data to the reader's personal research.
⚠️The aforementioned data is informative, not advertising.
Pros
- Has a huge amount of tokens
- It can be found in 2 of the most prestigious Swaps; That allows the flow of the asset.
- It is found in 1 Dex of the best known & has a safe investment program with a 10 percent annual return.
Cons
- Given the large number of tokens, the market cap time could be slow (A bad thing for those who don't want to wait or short sellers).
- ou need to increase the number of exchanges, to make it more visible to the crypto community.
- Promises to publish the Roadmap and White Paper soon (We don't know when) It is important to improve investor confidence.
