Shiba Inu (SHIB) is a cryptocurrency that gained significant attention in the past year. It was launched in August 2020 as an experiment in decentralized community building. SHIB is an ERC-20 token, meaning it is built on the Ethereum blockchain.
In terms of where SHIB was listed last year, it initially started trading on decentralized exchanges (DEX) such as Uniswap and Sushiswap. These DEX platforms allow users to trade cryptocurrencies directly from their wallets without the need for intermediaries. This decentralized nature aligns with the ethos of cryptocurrencies, as it eliminates the need for centralized authorities.
The popularity of SHIB grew rapidly, and it eventually got listed on centralized exchanges as well. Centralized exchanges like Binance, Huobi, and OKEx started listing SHIB, providing more accessibility and liquidity for traders. This allowed users to buy and sell SHIB using various trading pairs, including Bitcoin (BTC), Ethereum (ETH), and stablecoins like Tether (USDT).
As for the usage details of SHIB, it primarily serves as a utility token within the ShibaSwap ecosystem. ShibaSwap is a decentralized exchange and yield farming platform built on the Ethereum blockchain. Users can stake their SHIB tokens to earn rewards or provide liquidity to different pools and earn additional tokens.
Additionally, SHIB gained attention due to its meme coin status and its association with the popular cryptocurrency Dogecoin (DOGE). SHIB's community often refers to it as the "Dogecoin killer" and aims to replicate the success of DOGE. However, it's important to note that SHIB's value and success are highly speculative, and investing in it carries significant risks.
In conclusion, SHIB coin was initially listed on decentralized exchanges like Uniswap and Sushiswap, and later on centralized exchanges such as Binance, Huobi, and OKEx. It is primarily used within the ShibaSwap ecosystem for staking, yield farming, and providing liquidity. However, it's crucial to approach SHIB and other meme coins with caution, as their value can be highly volatile and speculative.
