Item: SHIBAKEN
Rating: 3.00

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WikiBit Risk Alerts

Previous Detection 2024-11-21

WikiBit has marked the token as air coin project for we have received overwhelming complaints that this token is a Ponzi Scheme. Please be aware of the risk!

SHIBAKEN Price Chart

Introduction

Markets

0.00%

-12.07%

-43.88%

All

-94.03%

Shiba Inu (SHIB) is a decentralized digital currency that has gained significant attention in the cryptocurrency market. Inspired by the popular Dogecoin meme, SHIB was created in August 2020 as a community-driven experiment.

Unlike Bitcoin, which has a limited supply, SHIB has an incredibly large supply, making it more accessible to a wider range of investors. However, the tokenomics of SHIB are designed to encourage long-term holding, as a portion of every transaction is burned, reducing the overall supply over time.