SHIBA (Symbol: SHIB) is a decentralized finance token built on the Ethereum blockchain. It was created in 2020 as an ERC-20 token and uses the Binance Smart Chain for its staking and liquidity pools. The goal of SHIBA is to provide users with a secure, low-cost way to participate in DeFi applications without sacrificing decentralization or security.
The total supply of SHIBA tokens is 100 billion, of which 10% are held by the founding team and advisors; 20% are allocated for community rewards; 50% are held in reserve for future development; and 20% will be used for liquidity mining initiatives.
SHIB can be acquired through several different exchanges, including Binance, OKEx, Huobi Global, Uniswap V2, BalancerV2, 1inch Exchange and more. To purchase SHIB tokens with fiat currency you must first buy another cryptocurrency such as Bitcoin or Ether using an exchange that supports fiat currencies like Coinbase or Kraken then transfer your coins from this exchange to one that supports trading of cryptocurrencies like Binance. Once you have deposited your coins onto an exchange that offers trading pairs against SHIB you can then begin purchasing it with whatever payment methods they offer (i.e credit/debit card).
In addition to being traded on various exchanges around the world, users can also earn yield from their holdings by providing liquidity via popular protocols such as Uniswap V2 or BalancerV2 pools where they will receive fees generated from trades made within those pools denominated in either ETH or other supported stablecoins such as USDT/USDC etc.. They can also stake their tokens on platforms such as PancakeSwap where they will earn additional rewards based on how much they stake relative to everyone else who has staked at that time period too – this is known as Liquidity Mining (or ‘ Flash Loan Farming’ ).
Finally there are numerous projects currently building applications powered by the Shiba Protocols which aim to improve user experience & interaction across numerous dapps available today all while delivering added features & functionality only achievable through these protocols themselves!
