Self-dubbed the “terminator Dogecoin”, Shiba Inu (SHIB) had quickly beyond the shadow of a meme coin merely to build an ecosystem full of ambition. With the launch of Layer 2 Shibarium development space Metaverse and the practical application, SHIB are proved serious effort in creating long-term value. This article will analyze in depth the components in the ecosystem Shiba Inu and evaluate the true potential of it.
The source of the shiba inu and the story “bitcoin killer”
Shiba Inu (SHIB) was created on January 8, 2020 by a founder anonymously whose pen name is Ryoshi. Right from the start, the project has positioned itself in a bold way is Dogecoin Killer, with the goal of building a project in africa to focus 100% community-run. Their ambition is to develop the utility that Dogecoin no, turn it into a meme token outstanding.
One of the events that shaped the history of SHIB is when Ryoshi send 50% of the total supply for Vitalik Buterin, co-founder Ethereum. May 5, 2021, Vitalik has burned 90% of SHIB receive and donate the remaining 10% to charity. This action has created a kick media giant, took SHIB up crypto map global and remove a large amount of tokens from circulation, creating the premise for the growth of the latter.
Ecosystem shiba inu not only shib
Difference core of the Shiba Inu (SHIB) than many meme coin other is aspiring to build a diverse ecosystems and complete. Understanding these components is key to assessing the true potential of the project, instead of just viewing it as a copper coin cheap potential.
The token key in the ecosystem shiba inu
- SHIB: Token the center of the ecosystem, which is used as a currency in africa focus and is the foundation for the transaction.
- LEASH (Doge Killer): Supplies are extremely scarce (just over 107,000 token), LEASH be viewed as an asset stored value and bring the privileges in the ecosystem.
- BONE (Bone ShibaSwap): Token administration allowed the community to vote for the proposals. It is also the reward and, in particular, is used to pay gas fee on network Layer 2 Shibarium.
Shibarium: heart of the ecosystem
Shibarium is a network of Layer 2 (L2) is built on the foundation of Ethereum. Imagine Ethereum is a main highway often congested and there is free street bridge high. Shibarium like a side road parallel to help the transaction go faster, a lot cheaper, but still is secured by the main highway.
The main role of Shibarium
- Reduced transaction fee: Help the app in the ecosystem Shiba Inu (game, NFT, DeFi) smooth operation and cost savings for users.
- Increase the speed of transactions: The handle is much more transactions per second, ready for the expansion of the ecosystem in the future.
- Mechanism gas SHIB: This is the most important feature. Part transaction fees, paid by BONE, on Shibarium will be converted into SHIB, and burned. This creates a mechanism deflation, potentially positive impact on price SHIB in the long term.
Open wide space with metaverse and gaming
To create actual utility and exit the mark meme coin, Shiba Inu (SHIB) are investing heavily in two areas trend: Metaverse and Gaming. The step aims to build a sustainable ecosystem and attract new users.
Virtual world SHIB: The Metaverse
This project is a virtual world where the community ShibArmy can land ownership, digital, construction and interaction. It's not just an entertainment space but also the integration of economic factors. The goal is to create a universe of vivid, increase the value for the entire ecosystem Shiba Inu.
Strategy Shiba Eternity
Besides, Shiba Eternity, a collectible card game strategy, was launched. This game is not only to entertain but also to integrate with Shibarium. Most importantly, a portion of the revenues from the game are used to burn SHIB, contributing to reduced supply in circulation over time.
Assess opportunities and risks when investing in shib
Efforts to build the ecosystem of the Shiba Inu (SHIB) is undeniable, but investors need to have a balanced view of both opportunities and challenges. The reviews thoroughly the two sides of the problem is a key factor before making a decision.
The potential worth noting
- Community hero:the ShibArmy is one of the active community and most loyal create power marketing and support.
- Mechanism burn coin: If Shibarium and the successful application, the amount of SHIB burned will increase, creating deflationary pressure up supply.
- Ecosystem diversity: The development on many fronts such as DeFi, GameFi and Metaverse help project less dependent on the hype alone.
The risks need to consider
- Highly competitive: Market Layer 2 and Metaverse are very strong opponents and had names.
- Risk takers: The ambitious project, but the successful deployment and attract users is still a question mark.
- Nature meme coin: Although efforts how SHIB still sensitive to the mob mentality, leading to price fluctuations are very large.
Shiba Inu showed an ambition obviously overcome origin meme coin of yourself by building an ecosystem that depth. The success of Shibarium and other projects will be the factors that decide the future of SHIB. Despite the potential is real, investors still need to be careful ago fluctuations and the risks inherent. To take the analysis and the latest updates about the world meme coin, please regularly visit Blog Meme Coin.
