Buy Shiba Inu in Australia on CoinJar

Shiba Inu (SHIB) has been making waves in the cryptocurrency world for quite some time, capturing the attention of investors, meme enthusiasts, and dog lovers alike.

What is Shiba-Inu? How to Buy SHIB?

What exactly is SHIB, and why is it often referred to as “the Dogecoin killer”? And how can I buy it?

The Origins of Shiba Inu

Shiba Inu is an Ethereum-based memecoin (or that features the Shiba Inu, a Japanese breed of hunting dog, as its mascot.

Shiba Inu is often seen as an alternative to .

Both SHIB and Dogecoin fall into the category of meme coins, which means they are associated with a theme (in this case, the Shiba Inu dog) and often launched as a playful parody. But don’t underestimate their impact — meme coins can still pack a punch. For example, Dogecoin is is the 10th by market capitalisation at the time of writing, beating out other cryptocurrencies that have genuinely useful features.

Shiba Inu is 18th by market cap (at the time of writing), but again it is more popular than some cryptocurrencies that are useful for many things.

Who created Shiba Inu?

Shiba Inu was created in August 2020 by an anonymous individual or group known as Ryoshi. The project emerged as an experiment in decentralised spontaneous community building.

Ryoshi that collective decentralisation could create something stronger than a centralised team ever could.

Key Features of Shiba Inu

Massive supply

SHIB had an initial circulating supply of one quadrillion coins. Yes, you read that right — abundant is an understatement. But this abundance has not diminished its appeal, seemingly.

Shibaswap and NFTs

The Shiba Inu ecosystem extends beyond the token itself. It supports projects like , a decentralised exchange, and an NFT art incubator. So, it’s not just about the coin; it’s about the entire ecosystem.

Woof paper

Forget the traditional whitepaper — Shiba Inu has a “”. The “white paper” outlines the project’s guiding principles. It’s all about community-driven development and the spirit of creating something out of nothing.

Shibarium

In January 2023, the Shiba Inu community introduced , a layer two blockchain designed to run on top of Ethereum. Its goals include reducing congestion, introducing staking, lowering gas fees, and supporting decentralised applications.

The SHIBArmy

The SHIBArmy, with its base of nearly 500,000 members, embraces Shiba Inu’s founding principles. These include starting from zero, not relying on an existing community or preassembled team, and, of course, a love for Shiba Inu dogs.

How to buy Shiba Inu (SHIB)

Here's how to buy Shiba Inu on CoinJar.

-Download the CoinJar app: Get the CoinJar app on iOS or Android.

-Create an account: Sign up and verify your ID.

-Upload funds to your CoinJar account using bank transfer or card.

-Make a purchase: Choose “SHIB” and then it the cryptocurrency will go into your CoinJar wallet. You can keep it on this wallet, or move it to another wallet.