Talk:Shiba Inu (cryptocurrency)

Complete Redo of Article Improvements Using Credible Sources

Shibaswap is a decentralized exchange released by the creators of the SHIB token. [1]Upon launch, the total volume surpassed 1.5 billion dollars in two days. The anticipated launch barely impacted the price. The rating company Certik rated the exchange an 89 out of 100 security score. [2]

The launch was released with the third token of the Shiba Inu Coin ecosytem: Bone. Users can mint the new governance token by providing liquidity or staking their SHIB and Leash tokens. [3]Originally, some functions of Shibaswap were rewarding users with percentage returns in the thousands but fell as more users joined the exchange. As described in the Woof Papers, users who are unbanked can build multiple streams of income by providing liquidity in trading pairs earning Bitcoin, USDC, and Bone. [4]Then users can stake their earned Bone to earn more Bone. Soon, users will be able to vote on governance issues using their Bone tokens. [5]

As the first addition of the Shiba Inu ecosystem, more is expected to come. Shibaswap launched its own NFT service in October, 2021 which was made available to Leash token holders first. The 10,000 set collection will feature randomly generated shiba inus. The NFT's are named Shiboshis.[6] The NFT collection trades without fees on Shibaswap.

Another major project in the development is Shibarium. The new Shiba Inu Coin blockchain would make transactions faster and more efficient. [7] There have been talks of incorporating the Shiboshi NFT's into Shibarium.

Shalvey, Kevin. "Shiba Inu coin investment turned New York brothers into multimillionaires a few months after they bet $8,000 on the 'parody' cryptocurrency, reports say". Business Insider. Retrieved 24 November 2021.
"ShibaSwap". Certik.org. Certik. Retrieved 27 September 2021.
"Announcing the Shiba - Civilization Strategic Defi Partnership". Market Watch. Retrieved 24 November 2021.
Kelly, Lorcan. "Five Things You Need to Know to Start Your Day". Bloomberg. Retrieved 24 November 2021.
"Everything You Need To Know About The Memecoin, Shiba Inu Coin". Forbes.
Katje, Chris. "Top Ten Weekly NFTs By Sales Volume: Axie, CryptoPunks, Bored Ape Top List, Shiba Inu Based Shiboshis Join Top Ten". msn. msn. Retrieved 24 November 2021.
Clifford, Lee; Morris, Chris; McGregor, Grady; Lau, Yvonne. "What's behind Shiba Inu coin's stunning rise—up 777% in 30 days". Fortune. Retrieved 24 November 2021.  — Preceding unsigned comment added by Emmettaking (talk • contribs) 01:20, 24 November 2021 (UTC) 

Hey Emmettaking, I would advice you always post URLs so other editors can check the articles.

While these articles are better than the ones you posted earlier (most of them seem to be WP:RS), after looking through them most only seem to mention Shibaswap in passing (such as the Forbes article) or not at all (the business insider article which doesn't mention it once). I think we could add maybe one sentence saying it exists but that's about the max. I'll have a look about adding something later on. Cakelot1 (talk) 13:41, 24 November 2021 (UTC)

Strangely Formatted talk section

I've moved the following content by User:Pletonic into it's own section Cakelot1 (talk) 00:31, 1 March 2022 (UTC)

Extended content

-- Updates to the wiki page directly from a Shiba Inu Team member: -- Shiba Inu Ecosystem Tokens • Shiba Inu (ticker: SHIB): The shiba inu coin, or SHIB, is an ERC-20 token that fuels the Shiba ecosystem. Comprising three separate tokens – SHIB, BONE and LEASH – that users can stake, swap or deposit into liquidity pools on the ShibaSwap decentralized exchange to earn interest and rewards. The Shiba Inu coin, or $SHIB, is an ERC-20 token that fuels the Shiba ecosystem. Shiba inu is generally perceived as a meme currency similar to other dog-themed cryptocurrencies such as dogecoin and has a similarly viral following of more than 2.8 million people on Twitter. SHIB’s price often makes news headlines, as it routinely notches tremendous gains and endures equally steep losses. SHIB had an initial total supply of 1 quadrillion, or 1,000,000,000,000,000 tokens. In May 2021, however, the pseudonymous creator of SHIB known as “Ryoshi” sent half of the total supply to Vitalik Buterin, one of the co-founders of the Ethereum blockchain who burned 90% of his tokens right away, meaning he permanently removed them from circulation. Buterin donated the remaining 10% to charity. SHIB has been one of the most volatile crypto assets in 2021. It started around May 11, when SHIB price rose 1,953% to $0.00003532 from $0.00000172, although it plummeted quickly to $0.00000793 in the next three weeks. After months of sideways trading, SHIB rose sharply on Oct. 2, 2021, from $0.00000766 to $0.00002913 by Oct. 13. Two weeks later, SHIB recorded its current all-time high of $0.000089 on Oct. 28, although the market has since corrected again. Shiba inu is generally perceived as a meme currency similar to other dog-themed cryptocurrencies such as dogecoin and has a similarly viral following of more than 1.2 million people on Twitter. SHIB’s price often makes news headlines, as it routinely notches tremendous gains and endures equally steep losses. • Bone ShibaSwap (ticker: BONE): BONE is designed to function as the platform’s governance token, with a total supply of 250 million coins. BONE holders can propose and vote on changes to the Shiba protocol via its “Doggy DAO.”, which stands for decentralized autonomous organization and refers to an organization managed by computer-based rules instead of a single controlling member. In addition, BONE is used to reward liquidity providers on ShibaSwap’s platform. It’s also minted and rewarded to users who provide liquidity on the platform. • Doge killer (ticker: LEASH): This was originally launched as a rebase token (also known as an elastic token), a type of token similar to an algorithmic stablecoin where the supply automatically increases and decreases via a computer algorithm to keep its price pegged to another asset. In this case, LEASH’s supply was adjusted to track the price of DOGE at a rate of 1/1,000. For example, if the price of dogecoin was $0.05, the supply of doge killer would change (mint new tokens or destroy coins in circulation) to adjust the price of LEASH to $50. LEASH tokens have since been “unleashed,” and now no longer track the price of DOGE. With a scarce supply of just 107,647 tokens, LEASH has instead become the main store of value coin for the project’s investors. ShibaSwap ShibaSwap is the native decentralized exchange (DEX) of the shiba inu coin project; a popular meme coin and leading competitor of dogecoin that has risen to fame over the last 18 months. DEXs operate differently from centralized platforms such as Binance and Kraken by allowing users to swap tokens without the need for an intermediary or counterparty. Launched in July 2021, the ShibaSwap exchange provides many of the same functions you would find on Uniswap and other decentralized exchanges, such as token swapping and liquidity pools, with the addition of other features such as staking, governance and a “Shiboshis” non-fungible token (NFT) marketplace. The ShibaSwap decentralized exchange offers several functions, including: • Providing a liquidity pool (Dig) • Cashing out liquidity pool tokens and redeeming BONE rewards (Woof) • Staking SHIB, LEASH and BONE or one or two of the tokens to receive BONE tokens (Bury) • Swapping between multiple assets (Swap) • Analytics dashboard to track interest rates and yield returns (Bonefolio) • Shiboshi NFTs: 10,000 unique pixelated images of cartoon Shiba Inu non-fungible tokens. https://www.coindesk.com/price/shiba-inu/#:~:text=The%20shiba%20inu%20coin%2C%20or,to%20earn%20interest%20and%20rewards. Fueling ShibaSwap is the project’s main token, shiba inu coin (SHIB), and two other tokens built using Ethereum’s ERC-20 blueprint, bone shibaSwap (BONE) and doge killer (LEASH). According to blockchain security ranking service CertiK, ShibaSwap has a current safety score of 93/100 and resolved 97% of the 34 issues raised during the platform’s extensive audit. This puts ShibaSwap above the likes of decentralized finance (DeFi) heavyweights Aave and Polygon, which both scored 92/100. In addition to this, 96% of CertiK users voted they felt ShibaSwap was a secure service. • Dig: Digging is the liquidity pool function on the ShibaSwap platform. Here, users can deposit crypto assets in pairs to existing liquidity pools on the platform or create their own. As a reward, liquidity providers receive ShibaSwap liquidity pool tokens (SSLP). Those tokens represent their share of liquidity in the pool and entitle holders to receive free bone tokens upon redemption. • Woof: “Woofing” is the function for redeeming BONE rewards by cashing out SSLP tokens on the ShibSwap platform. • Bury: This refers to where users can stake their SHIB, LEASH and BONE in order to generate high-interest yields paid in BONE tokens. At press time, the rates were 171%, 266% and 814%, respectively. Once staked, users receive a token that represents their staked amount in xSHIB, xLEASH or tBONE. Thirty-three percent of BONE rewards from staking are available immediately, while the remaining 67% are locked up for six months. • Swap: This is the exchange feature of the ShibaSwap platform where users can swap between multiple assets. • Bonefolio: This is an analytics dashboard where users can explore current interest rates and track their yield returns. • NFTs: Here, users can trade 10,000 unique non-fungible tokens called “Shiboshis” – pixelated Shiba Inu dog cartoons similar to CryptoPunks with different traits, some rarer than others. https://www.coindesk.com/learn/what-is-shibaswap/ Official Contract Addresses SHIB - 0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce https://www.coingecko.com/en/coins/shiba-inu xSHIB - 0xb4a81261b16b92af0b9f7c4a83f1e885132d81e4 https://twitter.com/shibinformer/status/1412583710185099266?lang=en Leash - 0x27c70cd1946795b66be9d954418546998b546634 https://www.coingecko.com/en/coins/doge-killer xLEASH - 0xa57d319b3cf3ad0e4d19770f71e63cf847263a0b https://twitter.com/shibinformer/status/1412583710185099266?lang=en Bone - 0x9813037ee2218799597d83D4a5B6F3b6778218d9 https://www.coingecko.com/en/coins/bone-shibaswap Tbone - 0xf7a0383750fef5abace57cc4c9ff98e3790202b3 https://twitter.com/shibinformer/status/1412583710185099266?lang=en Exchanges BKEX April 16, 2021 https://bkex.zendesk.com/hc/en-us/articles/1500007317842-Announcement-on-BKEX-Global-about-listing-SHIB-SHIBA-INU-and-opening-its-deposit-function MXC April 19, 2021 https://twitter.com/mexc_global/status/1382955897865965570 Bilaxy April 19, 2021 https://twitter.com/bilaxy_exchange/status/1384126873995649028 Virgox April 22, 2021 https://twitter.com/virgox_exchange/status/1384096559810289676 BitForex April 22, 2021 https://twitter.com/bitforexcom/status/1385069931817959430?lang=en BitMart April 22, 2021 https://coinmarketcal.com/en/event/bitmart-listing-67772 Bitrue May 7, 2021 https://twitter.com/bitrueofficial/status/1390708125515141123?lang=en-GB OKEx May 8, 2021 https://www.okex.com/support/hc/en-us/articles/360061035351-OKEx-lists-Shiba-Inu-s-native-asset-SHIB-for-spot-trading Crypto.com May 9, 2021 https://blog.crypto.com/crypto-com-app-lists-shiba-inu-shib/ KuCoin May 10, 2021 https://twitter.com/kucoincom/status/1391610510324363265?lang=en Binance May 10, 2021 https://www.binance.com/en/support/announcement/f1fe616e688b452f9d736753cb2d947a Altcoin Trader May 19, 2021 https://twitter.com/altcointradersa/status/1394948998616817665 SatoExchange May 23, 2021 https://twitter.com/satoexchange/status/1395293403135545350 KickEX May 27, 2021 https://kickecosystem.medium.com/shib-on-kickex-884f551d3602#:~:text=KickEX%20exchange%20has%20added%20support,the%20decentralized%20Shiba%20Swap%20platform. Indodax June 3, 2021 https://blog.indodax.com/en_US/cre-shib-listing-on-indodax/#:~:text=Hello%20Indodax%20Member%2C,(SHIB)%20For%20USDT%20Market.&text=CRE%20is%20ranked%20362*%20out,at%20a%20price%20of%20Rp. Binance US September 15, 2021 https://support.binance.us/hc/en-us/articles/4408509021975-Binance-US-Will-List-Shiba-Inu-SHIB-#:~:text=Binance.US%20will%20list%20Shiba%20Inu%20(SHIB).,for%20trading%20to%20go%20live. Coinbase September 16, 2021 https://blog.coinbase.com/shiba-inu-shib-is-now-available-on-coinbase-e7fdd13856be?gi=cc905ab8026e#:~:text=Starting%20today%2C%20Shiba%20Inu%20(SHIB,Coinbase%20Android%20and%20iOS%20apps.&text=Trading%20for%20these%20assets%20is,DOGE)%2C%20the%20popular%20memecoin. WhiteBit October 7, 2021 https://techstory.in/shiba-inu-joins-whitebit-exchange/#:~:text=We%20are%20happy%20to%20announce,on%20the%207th%20of%20October.&text=WhiteBIT%2C%20a%20cryptocurrency%20exchange%2C%20said,being%20listed%20on%20Coinbase%20Pro. CoinFLEX October 13, 2021 https://coinflex.com/support/listing-of-shib-bone-leash/ Dfyn Network November 2, 2021 https://twitter.com/_dfyn/status/1455570571714985992?lang=en-GB YoBit November 12, 2021 https://twitter.com/YobitExchange/status/1459147701724094466 Minter November 15, 2021 https://twitter.com/minterteam/status/1458507888813563911?lang=en-GB Gemini November 15, 2021 https://www.newsbtc.com/news/crypto-exchange-gemini-lists-shiba-inu-as-number-of-holders-increases/#:~:text=Crypto%20Exchange%20Gemini%20Lists%20Shiba%20Inu%20As%20Number%20Of%20Holders%20Increases,-by%20Tolu%20Okuwoga&text=Crypto%20exchange%20Gemini%20has%20added,infrastructure%2C%20and%20data%20management%20tokens. — Preceding unsigned comment added by Pletonic (talk • contribs) 21:30, 28 February 2022 (UTC)  Not done No actionable changes proposed; No reliable sources given; possible conflict of interest Cakelot1 (talk) 00:42, 1 March 2022 (UTC)

"Pump and Dump Scheme" allegation

I would like to suggest the editing of the sentence Shiba Inu has been characterized as a "meme coin" and a pump and dump scheme. to remove "and a pump and dump scheme". Shiba Inu has developed many components to the ecosystem which are listed below with sources cited. I understand that there is a source cited that makes this "pump and dump scheme" allegation; However, its inclusion does not contribute to the article and is misleading, if not entirely untrue.

ShibaSwap Decentralized Exchanged (DEX) - at the time of writing this has the top security score from Certik auditing

Sources:

https://shibaswap.com/#/

https://www.coindesk.com/learn/what-is-shibaswap/

https://twitter.com/CertiKCommunity/status/1498699054968147979

https://web.archive.org/web/20220310164447/https://www.certik.com/

DAO Voting System

Sources:

https://www.businessinsider.in/cryptocurrency/news/shiba-inu-coin-is-launching-the-doggy-dao-to-give-enthusiasts-voting-power-over-crypto-projects/articleshow/88671295.cms

https://blog.shibaswap.com/doggy-dao-launch-dao-1-released/

Upcoming Video Game (Partnered with PlaySide Studios)

Source:

https://www.playsidestudios.com/post/playside-x-shiba-inu

Upcoming Metaverse

Source:

https://www.yahoo.com/video/shiba-inu-shib-enters-metaverse-095620049.html

Upcoming Layer 2 Blockchain (Shibarium)

Source:

https://www.nasdaq.com/articles/if-you-invested-%24100-in-shiba-inu-on-its-first-day-heres-how-much-youd-have-now — Preceding unsigned comment added by Doctor Greg House MD (talk • contribs) 16:53, 10 March 2022 (UTC)

While we may be able to add information about any specific one of those thing, as long as it's referenced to a reliable and independent source (which many of the links you provided don't seem to be, I don't see any reason to remove the existing information which is backed up by reliable sourcing. The way to remove this information would be to either demonstrate that the 2 sources in the aticle don't say that "it's been characterised as a meme coin/pump and dump" or show that Mint and Deseret News news aren't reliable sources. Cakelot1 (talk) 17:38, 10 March 2022 (UTC)

I can understand your argument on this. I respectfully maintain that the inclusion of a statement about Shiba Inu being characterized as a "pump and dump scheme", which is defined as a form of financial securities fraud, with no proof of such claims is a dangerous road to go down in maintaining the neutrality of Wiki entries and does not contribute meaningfully. Doctor Greg House MD (talk) 18:16, 10 March 2022 (UTC)

The thing is that on Wikipedia Neutrality (per WP:NPOV) means "representing fairly, proportionately, and, as far as possible, without editorial bias, all the significant views that have been published by reliable sources on a topic." If reliable sources say it we must follow until better sources say otherwise (Also we are saying that it has been "characterised as a pump and dump" which is obviously true).

As far as I can see there really isn't that much written in Reliable sources about this coin (note that it is a consensus on Wikipedia that basically no dedicated cypto-press counts as a reliable source). Much of the coverage comes from the latter half of 2021 discussing it's meteoric rise and fall and even then there wasn't that much mainstream coverage. 2 of the 10 current reliable sources saying it is characterised as a "meme coin" and "pump and dump" would suggest to me the facts inclusion here is appropriate (per WP:DUE).

I think we could include something businessinsider.in but again there just isn't that much to say about the coin when we are using only reliable sources (which policy demands we must) without talking criticisms. Cakelot1 (talk) 19:00, 10 March 2022 (UTC)

Semi-protected edit request on 6 June 2022

Market cap is $6B more recently.

Also Buterin did send his coins to an India Crypto relief fund, however, he was initially given 50% of the total SHIB supply of which he burned 90% and what he donated to the relief fund was the remaining 10% of that initial 50% of the supply that he was given.

Treehorn 1991 (talk) 23:15, 6 June 2022 (UTC)

References

 Not done: it's not clear what changes you want to be made. Please mention the specific changes in a "change X to Y" format and provide a reliable source if appropriate. — Paper9oll (🔔 • 📝) 13:32, 10 June 2022 (UTC)

Semi-protected edit request on 18 January 2023

EzequielCP (talk) 03:49, 18 January 2023 (UTC)

The hyperlink to https://shibatoken.com/ is broken (erroneously put a www before)

 Done - FlightTime (open channel) 03:51, 18 January 2023 (UTC)

This whole article should be deleted

This article is a prime example of why Wikipedia can't be sited as a reliable source. 99 percent of this article is incorrect. A full deletion would be better than the false information that is currently posted. 2600:4041:70D0:D500:2CF7:C85:87E5:24C1 (talk) 11:56, 16 August 2023 (UTC)

Wikipedia has always said it shouldn't be sited [sic] as a reliable source (WP:RSPWP, WP:NOTSOURCE, WP:GENDIS, WP:CW, etc.). Wikipedia articles are based on what Reliable sources say about topics, so if you have any sources not present feel free to present them. If you think the article meets a WP:DEL-REASON you can propose it at WP:AFD. Cakelot1 ☞️ talk 16:43, 16 August 2023 (UTC)

This project absolutely fails to meet notability guidelines, a cryptocurrency of dubious importance for a few months at the end of 2021 (as suggested by the quantity of shallow, repetitive articles cited on this page) does not merit a wikipedia article of it's own. Perhaps this could be merged with similar projects into an article on the 2021 cryptocurrency bubble? Edwinfishman (talk) 18:13, 18 September 2023 (UTC)

it's bron date

who is the founder of the shiba inu 202.52.44.243 (talk) 12:54, 22 April 2024 (UTC)

I don't understand what you mean by this. CareerDoofus (talk) 14:55, 10 October 2024 (UTC)