What Is A Shiba Inu Coin?

Introduction

By selecting a colored coin or ETH wallet address, you will receive rewards in digital assets that will be built on top of the blockchain. The SHIBA INU will give out a new and unique token, TRUST, every month at random.

Each TRUST coin will have a real, live Shiba as a face. On top of that, TRUST is also split into three coins: 1, 2, 3. These three coins will be used to give out the final real Shiba dog. “I hope the biggest Japanese companies have a mascot,” said SHIBA INU designer Ryoshi. “That’s a great way to get them to diversify and push into the global market.

The real Shiba Inu was taken away from its owners when it was only a puppy because they were poor. I’m collecting coins so the real Shiba can be returned to its owner.” Blockchain for all!

Why did the Shiba Inu coin gain so much value?

After the meme coin quickly gained so much value, Ryoshi went into hiding for over 2 years. Only occasionally would he tweet out an announcement that there was a “Shibacoin” being traded on the market.

When Ryoshi finally resurfaced in July of 2020, he explained that he had been hacked into and that he had no control of the distribution of the value of the Shibacoin.

Ryoshi explained that people with high levels of security were able to easily hack into his Shibacoin database, thus putting the value of the coin at risk.

Who Is The Creator Of A Shiba Inu Coin? Two years after the creation of the Shibacoin, a new CEO stepped up to the challenge. “Sisoun” explained that there was actually no such thing as Shibacoin and that the meme coin was just a fictional thing people made up.

What is a Shiba Inu coin?

Shiba Inu coins are a meme in comparison to other meme coins. The only difference is the dog’s name (s) instead of a color. Mena is a dog that has been used on the backs of Shiba Inus in Japan since the 1970’s.

The RARION team has partnered with the real-life RARION, and even uploaded a couple of images of him on their marketing page. You can find those images here.

The RARION team has taken the word “shiba” and attached it to the famous images of both RARION and “Mena”. Cryptocurrency wallets will have the option to download the wallets which will also include these Shiba Inu coins and the RARION wallet.

As a new form of crypto, we expect the price of these meme coins to continue to rise as they gain popularity with cryptocurrency enthusiasts.

Who created Shiba Inu coin?

Throughout all of this craziness, the mystery of who actually made Shiba Inu coin has been unsolved and there has been a lot of speculation about who Ryoshi actually is.

The story of the origin of the coin is about a girl named Tess who had an awesome dog. The dog died a few years ago and she was devastated. She had another Shiba Inu and she named him “Shiba” which is a way to spell the Japanese word for Shiba. So her dog was named Shiba, but she decided to name him “Ryoshi” because he was an “original.”

Tess saved the money she made on the memes she posted on Instagram to make a special dog coin that she could offer up to other investors. The coin was valued at $13 per token at the time. However, in September of 2020, the price had dropped to $0.

How to invest in Shiba Inu coin?

It’s important to note that the SHIBA INU coin is not tied to any of the famous accounts or entities associated with it, but the community that it is already associated with is big and many people would be interested in following what people are saying about it, so this provides a good opportunity to get exposure to the SHIBA INU Coin.

The same methodology is true for cryptocurrency — do your own due diligence and research. Some people have been burned by losing a lot of money to coin ICOs or scams in the past so I’m not going to recommend just jumping into something, but if you like the market and are willing to invest a small amount of money, this is an example of one that might be a good pick.

Conclusion

There is something to be said about the safety of a Dogecoin wallet that was actually created by a cryptocurrency developer named Jackson Palmer and Shiba Inu coin, especially after the collapse of what seemed like the next big thing in a cryptocurrency called “Nextcoin.

Must See: Dai Coin: The World’s First Stable Digital Currency

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