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About ShibaSwap

What is ShibaSwap?

ShibaSwap is a decentralized exchange based on the Shiba Inu coin (SHIB). The popular dog-themed modal coin was inspired by the success of Dogecoin and claims to be the "Dogecoin killer". shiba Inu's goal is to replace Scrypt-based dogecoin based on Ether. ShibaSwap allows users to provide liquidity and exchange different tokens to earn their governance token, BONE. In addition, users can also trade NFTs called "Shibatoshi", a collection of 10,000 unique tokens associated with the Shiba Inu ecosystem. Other features of the platform include: pledging, exchanging tokens, getting rewards, viewing portfolio analytics, and more.

Who are the founders of ShibaSwap?

After destroying half of its supply to Vitalik Buterin (which subsequently donated its token holdings to charity), the Shiba Inu community decided that SHIB had to be different from other modal coins, and so immediately began developing ShibaSwap. Since the founders of Shiba Inu are unknown, so is ShibaSwap's. The Shiba Inu community developed the exchange to enhance the utility of the SHIB token. Shiba Inu's "Woofpaper" explains the three reasons why Shiba Inu was created: "We started from scratch with nothing". "The great team that created Shib had never worked together before." "We all love Shiba Inu."

When did ShibaSwap launch?

ShibaSwap launches on July 6, 2021, with the goal of making the token more than just a modal coin.

Where is ShibaSwap located?

Like its founders, the location of the exchange is a mystery.

Countries that restrict access to ShibaSwap

The platform claims to be available to users from all over the world.

What coins can ShibaSwap support?

In addition to SHIB, LEASH, and BONE, users can exchange hundreds of other tokens on the decentralized exchange (DEX). The exchange has over 230 marketplaces, with the most popular pairs being ETH/VEMP, BONE/ETH, and SHIB/ETH.

What are the fees for ShibaSwap?

Traders need to pay gas fees on the Ethernet network in order to trade on ShibaSwap.

Can I trade on ShibaSwap with leverage or margin?

The decentralized exchange does not offer margin trading.