About ShibaSwap
What Is ShibaSwap?
ShibaSwap is a decentralized exchange (DEX) built around the Shiba Inu ecosystem, primarily for trading the meme token SHIB. Inspired by Dogecoin's success, SHIB brands itself as the "Dogecoin Killer," aiming to replace Dogecoin’s Scrypt-based mining model with an Ethereum-native alternative.
Key features of ShibaSwap include:
- Liquidity Pools: Users provide liquidity to earn BONE, the platform’s governance token.
- NFT Trading: Trade "Shibatoshi" NFTs—a collection of 10,000 unique tokens tied to the Shiba Inu ecosystem.
- Token Swaps: Exchange hundreds of supported tokens.
- Staking: Earn rewards by staking assets.
- Portfolio Analytics: Track investments via built-in tools.
Who Founded ShibaSwap?
The project was developed anonymously by the Shiba Inu community after burning half of SHIB’s supply and donating the remainder to charity (including a portion to Vitalik Buterin). The founder, known pseudonymously as "Ryoshi," emphasized three core principles in the "Woofpaper":
- Starting from zero.
- A team of strangers united by innovation.
- A shared love for Shiba Inu dogs.
Launch and Availability
- Launch Date: July 6, 2021.
- Location: Undisclosed (like its founders).
- Global Access: Claims to operate without regional restrictions.
Supported Currencies
ShibaSwap supports 230+ trading pairs, including:
- Major pairs: ETH/VEMP, BONE/ETH, SHIB/ETH.
- Native tokens: SHIB, LEASH, BONE.
Fees and Limitations
- Gas Fees: Transactions require Ethereum network gas fees.
- No Leverage: Margin trading is unavailable.
Markets
| # | Currency | Trading Pair | Price (USD) | 1h Change | 24h Change | 24h Txns | 24h Volume | Liquidity | FDV |
|---|---|---|---|---|---|---|---|---|---|
| Data loading... |
FAQ Section
Q: How do I start trading on ShibaSwap?
A: Connect an Ethereum-compatible wallet (e.g., MetaMask), deposit funds, and navigate to the swap or liquidity sections.
Q: Is ShibaSwap safe to use?
A: While audits exist, DeFi platforms carry inherent risks—always research and use secure wallets.
Q: What’s the difference between SHIB and BONE?
A: SHIB is the ecosystem’s meme token, while BONE serves as ShibaSwap’s governance token for voting on proposals.
Q: Can I trade NFTs and tokens in one place?
A: Yes! ShibaSwap integrates NFT marketplaces alongside token swaps.