Baby Shiba InuBABYSHIBAINU
About Baby Shiba Inu
To learn more about this project, check out our deep dive of Baby Shiba Inu.
What Is Baby Shiba Inu (BABYSHIBAINU)?
Just like Dogecoin, Baby Shiba Inu is a meme coin. The coin is part of the group of fast-growing canine-related cryptocurrencies. This particular meme coin is trying to be the cutest canine-related coin, spreading puppy love.
Baby Shiba Inu was launched on July 24, 2021. The meme-coin offers a new reward system for NFTs and staking. All the token holders contribute to the Shiba Rescue American Organization, according to the project’s donation plan.
However, these donations don’t affect the rewards and profit for the meme token, because Baby Shiba Inu touts itself as a sustainable project with competitive reward plans for long-term token holders.
Who Are the Founders of Baby Shiba Inu?
The Baby Shiba Inu founding creators are anonymous, just like the creators of most meme coins. The coin is newly launched and still in stage 1 of its roadmap, including the coin launch, website launch, marketing push and rewarding community with giveaways.
Baby Shiba Inu promises to bring rewards based on the outlined course of action in the roadmap by the founders.
What Makes Baby Shiba Inu Unique?
Baby Shiba Inu prides itself on transparency, fairness, competitive rewards and true social purpose.
Unlike most meme coins, Baby Shiba Inu serves its community by generating rewards and donating to charity at the same time. The meme coin founders plan to contribute to dog rescue foundations, and about $5,000 has been donated so far (as of August 2021).
Part of the coin’s long-term goal is to establish an NFT platform for mobile phone devices that will allow the creation and sale of NFTs. Also, as an incentive, all holders of the BabyShibaInu token will continue receiving rewards via the token sale and through using the platform itself.
The coin was built on the Binance Smart Chain, to increase output and reduce the need for high gas fees common to Ethereum. From the breakdown of the transaction fees, 2% of the transaction fees are distributed among holders. This means that holders make money from transactions performed with the coin on the platform.
Also, Baby Shiba Inu set its max transactions at 10 trillion to prevent pumping and dumping.
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How Many Baby Shiba Inu (BABYSHIBAINU) Coins Are There in Circulation?
Currently, the holders of the meme coin stand at 31,000 holders with a community of about 12,400 Telegram users (as of August 2021). The total circulating supply of Baby Shiba Inu is not available. However, the max supply stands at one quadrillion Baby Shiba Inu coins.
The total burned tokens stand at 53.4%, accounting for a total of 534.1 trillion.
6% will be locked to equity from the transaction fees, 3% is dedicated to marketing/giveaway and 2% to holders.
How Is the Baby Shiba Inu Network Secured?
Baby Shiba Inu runs on the Binance Smart Chain. The lack of breaches or hacks in Binance Smart Chain’s record indicates that no known flaws exist in the chain. The reward program incentivizes security teams and projects to frequently examine every aspect of BSC’s security, guaranteeing that even the tiniest flaws are quickly addressed.
When Will Baby Shiba Inu Trading Begin?
The coin has already started trading and is already trading on PancakeSwap with a 24-hour trading volume of $204,700.76 Baby Shiba Inu, in August 2021. About two months ago, the coin reached its all-time high of $0.014475.
Can Baby Shiba Inu Coin Hit $1?
Currently, the coin is trading at $0.000000006636, about a 78% drop from its ATH of $0.000000030198.
We can’t be sure if Baby Shiba Inu will ever reach $1. However, the founders are doing everything necessary to boost the price by attracting additional investors.
Where Can You Buy Baby Shiba Inu (BABYSHIBAINU)?
Before you can buy Baby Shiba Inu, you must have a Trust Wallet or a MetaMask. After you get the appropriate wallet, you add BNB to your wallet either through transfer or by directly purchasing it via the BabyShibaInu BUY feature. After adding BNB, visit https://swap.babyshibatoken.com/swap to buy the Baby Shiba Inu coin.
You can also exchange the coin on platforms like PancakeSwap.
Read more here on how to buy a coin.