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The project now has more than 500,000 members in their community at the time of writing.</li><li><a href=\"https://shibaswap.com/#/\" target=\"_blank\" rel=\"noreferrer noopener\">ShibaSwap</a>, a decentralized exchange built by the Shiba Inu project is able to accommodate token staking, liquidity mining, DeFi farming, NFT launchpad, and decentralized token exchange (swap) service.</li><li>Besides SHIB, ShibaSwap, and The Shiboshis, Shiba Inu ecosystem consist of several other supporting products and features, such as: <ul><li>LEASH: A secondary token on the ecosystem with a total supply of 107,646</li><li>BONE: A governance token on the ecosystem to vote on upcoming proposal</li><li>Shiba Inu Incubator: An incubation platform for NFT artist to prepare their artworks to be auctioned, displayed, or sold on the ShibaSwap   </li></ul></li></ul>\n\n\n\n<p></p>\n\n\n\n<h2>Key Metrics</h2>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Ticker</td><td>SHIB</td></tr><tr><td>Token Name</td><td>Shiba Inu</td></tr><tr><td>Token Type/Protocol</td><td>ERC20/Ethereum</td></tr><tr><td>Total Token Supply</td><td>589,738,956,207,004</td></tr><tr><td>Current Circulating Supply&nbsp;</td><td>See <a href=\"https://coinmarketcap.com/currencies/shiba-inu/\" target=\"_blank\" rel=\"noreferrer noopener\">Coinmarketcap</a></td></tr><tr><td>Market Capitalisation</td><td>See <a href=\"https://coinmarketcap.com/currencies/shiba-inu/\" target=\"_blank\" rel=\"noreferrer noopener\">Coinmarketcap</a></td></tr><tr><td>Token Creation Date</td><td>July 2020</td></tr><tr><td>Can it be mined?</td><td>No</td></tr></tbody></table></figure>\n\n\n\n<p></p>\n\n\n\n<h2>Who is behind Shiba Inu? </h2>\n\n\n\n<p>Shiba Inu was originally developed by the pseudonym Ryoshi. Some analysts argue that <a href=\"https://www.bloomberg.com/profile/company/1428282D:CH\" target=\"_blank\" rel=\"noreferrer noopener\">Black Hole Capital Ltd.</a> might be related to the project based on the naming similarity with the burning address and the majority transaction behavior in the recent price surge that seems likely to be coming from institutional players. </p>\n\n\n\n<p></p>\n\n\n\n<h2>What is the purpose of Shiba Inu? </h2>\n\n\n\n<p>SHIB token can be used on the ShibaSwap decentralized exchange to earn a yield on the platform. Besides that, token holders could also use SHIB to purchase NTFS on the Shiba Inu ecosystem including The Shiboshis.&nbsp;</p>\n\n\n\n<p></p>\n\n\n\n<h2>Insights:</h2>\n\n\n\n<p>The power of meme tokens lies dominantly in their community support. We could see that -despite not being backed by public figures like Elon Musk on Dogecoin, and Vitalik (despite 50% of the SHIB total supply being deposited to his address, he decided to burn and donate them), Shiba Inu community -ShibArmy- is one of the strongest among other projects. If the community power holds up, this token could be more than just a token, but a movement that contributes to some cause.&nbsp;</p>\n\n\n\n<p></p>\n\n\n\n<h2>Risks:</h2>\n\n\n\n<ol><li>Tracing token transaction flow, there is a relatively high possibility that SHIB token ownership is highly concentrated in the large holder&#8217;s wallet.&nbsp;</li></ol>\n\n\n\n<ol start=\"2\"><li>Point number one is also supported by Certik <a href=\"https://www.certik.org/projects/shib\" target=\"_blank\" rel=\"noreferrer noopener\">audit findings</a> that found 8 major issues including centralization/privilege. Even though the issue has been resolved now, there is no assurance that these issues have completely disappeared.   </li></ol>\n\n\n\n<ol start=\"3\"><li>ShibaSwap centralisation risk also brings another additional issue related to security of the platform. Private keys could be more vulnerable to cybersecurity threats that could make users&#8217; locked funds at risk.</li></ol>\n\n\n\n<p></p>\n\n\n\n<h2>News and Updates:</h2>\n\n\n\n<ul><li>One of SHIB&#8217;s largest holders moved his token on Nov. 4th making retail investors worried. <a href=\"https://www.fool.com/investing/2021/11/04/a-billionaire-just-made-a-surprising-move-with-shi/\" target=\"_blank\" rel=\"noreferrer noopener\">https://www.fool.com/investing/2021/11/04/a-billionaire-just-made-a-surprising-move-with-shi/</a> </li><li>There has been a significant amount of SHIB token movement across wallets in the last few days in the first week of Nov. 21, that is signaled to be an intention of profit taking by large holders. <a href=\"https://www.barrons.com/articles/shiba-inu-coin-price-plunge-crypto-whale-51636030374\" target=\"_blank\" rel=\"noreferrer noopener\">https://www.barrons.com/articles/shiba-inu-coin-price-plunge-crypto-whale-51636030374</a> </li><li>Vitalik donated a portion of the SHIB token that was sent to his address to India Covid Relief Fund <a href=\"https://www.bloomberg.com/news/articles/2021-07-28/what-s-become-of-the-1-billion-india-covid-aid-crypto-donation\" target=\"_blank\" rel=\"noreferrer noopener\">https://www.bloomberg.com/news/articles/2021-07-28/what-s-become-of-the-1-billion-india-covid-aid-crypto-donation</a> </li><li>Bloomberg strategist, Mike McGlone calls Shiba Inu a brilliantly designed speculative asset <a href=\"https://zycrypto.com/bloombergs-strategist-explains-why-shiba-inus-short-lived-success-will-elevate-bitcoins-significance/\" target=\"_blank\" rel=\"noreferrer noopener\">https://zycrypto.com/bloombergs-strategist-explains-why-shiba-inus-short-lived-success-will-elevate-bitcoins-significance/</a>  </li><li>A petition to ask Robinhood to list SHIB token has reached almost 500,000 votes (493,750 at the time of writing) <a href=\"https://u.today/robinhood-is-teasing-shiba-inu-community-as-petition-to-list-shib-comes-close-to-500000-signatures\" target=\"_blank\" rel=\"noreferrer noopener\">https://u.today/robinhood-is-teasing-shiba-inu-community-as-petition-to-list-shib-comes-close-to-500000-signatures</a> </li></ul>\n\n\n\n<p></p>\n\n\n\n<h2>Community &amp; Whitepaper Links:</h2>\n\n\n\n<p><strong>Official Website: </strong><a href=\"https://shibatoken.com/\">https://shibatoken.com/</a><strong> </strong><br><strong>White Paper:</strong> N/A</p>\n\n\n\n<p></p>\n\n\n\n<p><strong>Disclaimer  </strong></p>\n\n\n\n<p>All investment is speculative and involves substantial risk and uncertainty. Investors should understand the nature of digital assets including the terms of return and the risk of assets. We encourage investors to fully understand the assets and the risk associated with them prior to making any investment.&nbsp;&nbsp;</p>\n","seo":{"title":"Buy Shiba Inu (SHIB) Australia - Purchase Shiba Inu Instantly | Zipmex","metaDesc":"Buy Shiba Inu (SHIB) swiftly and securely with Australia’s fastest growing digital assets investment platform. 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</p>\n","acfCoinInfo":{"ciHomeFullName":"dYdX","ciTickerSymbol":"DYDX","ciHomeFeaturedImage":{"localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"constrained","backgroundColor":"#080828","images":{"fallback":{"src":"/static/bc6b9a01159c9240eeda3dcf900d6655/03e84/dydx-website-banner.png","srcSet":"/static/bc6b9a01159c9240eeda3dcf900d6655/e2842/dydx-website-banner.png 100w,\n/static/bc6b9a01159c9240eeda3dcf900d6655/294d3/dydx-website-banner.png 200w,\n/static/bc6b9a01159c9240eeda3dcf900d6655/03e84/dydx-website-banner.png 400w","sizes":"(min-width: 400px) 400px, 100vw"},"sources":[{"srcSet":"/static/bc6b9a01159c9240eeda3dcf900d6655/9f21a/dydx-website-banner.webp 100w,\n/static/bc6b9a01159c9240eeda3dcf900d6655/752c3/dydx-website-banner.webp 200w,\n/static/bc6b9a01159c9240eeda3dcf900d6655/02841/dydx-website-banner.webp 400w","type":"image/webp","sizes":"(min-width: 400px) 400px, 100vw"}]},"width":600,"height":369}}}}}},{"slug":"egld-au","excerpt":"<p>Elrond hopes to be the next internet-scale blockchain by creating a high-throughput blockchain.</p>\n","acfCoinInfo":{"ciHomeFullName":"ELROND","ciTickerSymbol":"EGLD","ciHomeFeaturedImage":{"localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"constrained","backgroundColor":"#080808","images":{"fallback":{"src":"/static/7b78a596564fede79e653753f817c0d2/03e84/ELROND-Coin.png","srcSet":"/static/7b78a596564fede79e653753f817c0d2/e2842/ELROND-Coin.png 100w,\n/static/7b78a596564fede79e653753f817c0d2/294d3/ELROND-Coin.png 200w,\n/static/7b78a596564fede79e653753f817c0d2/03e84/ELROND-Coin.png 400w","sizes":"(min-width: 400px) 400px, 100vw"},"sources":[{"srcSet":"/static/7b78a596564fede79e653753f817c0d2/9f21a/ELROND-Coin.webp 100w,\n/static/7b78a596564fede79e653753f817c0d2/752c3/ELROND-Coin.webp 200w,\n/static/7b78a596564fede79e653753f817c0d2/02841/ELROND-Coin.webp 400w","type":"image/webp","sizes":"(min-width: 400px) 400px, 100vw"}]},"width":600,"height":369}}}}}},{"slug":"rune-au","excerpt":"<p>THORChain is a decentralized liquidity protocol developed to enable the exchange of native assets across different blockchains.</p>\n","acfCoinInfo":{"ciHomeFullName":"THORChain","ciTickerSymbol":"RUNE","ciHomeFeaturedImage":{"localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"constrained","backgroundColor":"#182828","images":{"fallback":{"src":"/static/19eb3585fd052e1618b065ea72484924/03e84/THORChain-RUNE.png","srcSet":"/static/19eb3585fd052e1618b065ea72484924/e2842/THORChain-RUNE.png 100w,\n/static/19eb3585fd052e1618b065ea72484924/294d3/THORChain-RUNE.png 200w,\n/static/19eb3585fd052e1618b065ea72484924/03e84/THORChain-RUNE.png 400w","sizes":"(min-width: 400px) 400px, 100vw"},"sources":[{"srcSet":"/static/19eb3585fd052e1618b065ea72484924/9f21a/THORChain-RUNE.webp 100w,\n/static/19eb3585fd052e1618b065ea72484924/752c3/THORChain-RUNE.webp 200w,\n/static/19eb3585fd052e1618b065ea72484924/02841/THORChain-RUNE.webp 400w","type":"image/webp","sizes":"(min-width: 400px) 400px, 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Which countries are developing it?\",\"slug\":\"what-is-cbdc\",\"date\":\"April 25, 2022\",\"featuredImage\":{\"node\":{\"localFile\":{\"publicURL\":\"/static/4c2cc77293888988984ddd9524e18be2/CBDC.jpg\"}}}},{\"title\":\"Crypto Crash 2022: Why It Happened and Crypto Bearish Signs\",\"slug\":\"crypto-crash\",\"date\":\"April 25, 2022\",\"featuredImage\":{\"node\":{\"localFile\":{\"publicURL\":\"/static/8851e241ed76fe22a552599884242fe2/Crypto-Crash-1.jpg\"}}}}]","id":94369,"wpLocale":"en_US","wpGlobalConfig":".com.au"}},
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