Basic Information
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User Feedback
Trading methods lack diversity and innovation, falling short of market expectations. Disappointing and uninspiring.
Decent liquidity options, but room for improvement. Could be more user-friendly and efficient. Overall, adequate but not exceptional.
Concerns over data security, room for improvement in safeguarding personal information.
Engaging and insightful analysis of customer service experience on SHIBASWAP platform.
| Currency/Name | Trade | Unit Price | Change | 24H Vol | +2%/-2% Market Depth | Liquidity |
|---|---|---|---|---|---|---|
 | SHIB/USDT | $0 | 1.68% | 187.47 | $0.00/$0.00 | 187.47 |
| WETH/USDT | $1,859.36 | 5.61% | 216.88 | $0.00/$0.00 | 216.88 |
Exchange Overview
Exchange Overview
What Is ShibaSwap?
ShibaSwap is the decentralized exchange of the Shiba Inu (SHIB) coin, a popular dog-themed meme coin inspired by the success of Dogecoin and claiming to be a “Dogecoin killer.” In November 2021, Shiba Inu briefly surpassed Dogecoin in market capitalization, partly thanks to the DEX.
ShibaSwap enables users to provide liquidity and swap different tokens while earning its governance token BONE. Users can also trade NFTs, so-called “Shibatoshis,” a collection of 10,000 unique tokens related to the Shiba Inu ecosystem. Other functionalities include staking, swapping tokens, collecting rewards, and checking portfolio analytics.
Who Are the Founders of ShibaSwap?
After burning half of its supply to Vitalik Buterin, who then donated his tokens to charity, the Shiba Inu community decided that SHIB would need to set itself apart from other meme coins and started working on ShibaSwap.
Since the founder of Shiba Inu is unknown, the same is true for ShibaSwap. The Shiba Inu community developed the exchange to increase the utility of the SHIB token. Shiba Inu was created in August 2020 by “Ryoshi,” a pseudonymous developer. Shiba Inu’s “Woofpaper” explains three reasons for the creation of Shiba Inu:
“We started from zero, with zero.”
“The brilliant minds behind Shib had never collaborated before.”
“We love Shiba Inu Dogs.”
When Was ShibaSwap Launched?
ShibaSwap launched on July 6, 2021, to make the cryptocurrency more than a meme coin.
Where Is ShibaSwap Located?
Like its founder, the location of the exchange remains a mystery.
ShibaSwap Restricted Countries
The platform is supposedly open to users from all over the world.
What Coins Are Supported on ShibaSwap?
In addition to SHIB, LEASH, and BONE, users can swap hundreds of other tokens on the DEX. There are over 230 markets, with the most popular trading pairs being ETH/VEMP, BONE/ETH, and SHIB/ETH.
How Much Are ShibaSwap Fees?
Traders pay gas fees on the Ethereum network to trade on ShibaSwap.
Is it Possible To Use Leverage or Margin Trading on ShibaSwap?
Margin trading is not enabled on the decentralized exchange.
Business Region
InfluenceCFeedback 6
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Silent Trader
Trading methods lack diversity and innovation, falling short of market expectations. Disappointing and uninspiring.
oliver f
Decent liquidity options, but room for improvement. Could be more user-friendly and efficient. Overall, adequate but not exceptional.
Ylrebamm
Concerns over data security, room for improvement in safeguarding personal information.
TH
Engaging and insightful analysis of customer service experience on SHIBASWAP platform.
prakashkn
Shibaswap's customer service needs improvement in problem-solving. Engaging, room for growth.
N@sophia6874
Liquidity experience is okay, could be improved. Exciting potential, but market demand uncertain. Team reputation and transparency solidify trust. Active developer community promising. Token economy needs balancing for sustainability. Security concerns, but community trust exists. Regulatory landscape unclear, potential impact looming. Competing projects comparison shows room for differentiation. Community engagement positive, developer support crucial. Price volatility a risk, long-term potential present. Market value, liquidity, fundamentals, and speculation drive rewards.