The meme-inspired cryptocurrency Shiba Inu (SHIB) has been listed on India\u2019s oldest cryptocurrency trading platform Zebpay after it \u201cinspired millions of people around the glove to finance and fund a coin with a doggo\u2019s picture on it.\u201d<\/p>\n
In an announcement, Zebpay noted SHIB calls itself the \u201cDogecoin Killer\u201d and is listed on its own decentralized exchange ShibaSwap, while having two other tokens called \u201cBONE\u201d and \u201cLEASH.\u201d<\/p>\n
The cryptocurrency, which has a total supply of one quadrillion, was created by a pseudonymous entity going by \u201cRyoshi,\u201d and has 50% of its total supply locked on decentralized exchange Uniswap. The project sent the remaining tokens to Vitalik Buterin to be \u201cburned,\u201d but Buterin later sent 50 trillion SHIB, then worth $1 billion, to India\u2019s Covid Crypto Relief Fund.<\/p>\n
As CryptoGlobe reported, b August only 2% of Buterin\u2019s $1 billion donation had been cashed out. The cryptocurrency has over time been listed on major cryptocurrency exchanges including Coinbase and Binance. Zebpay is India\u2019s oldest cryptocurrency trading platform and boasts of having over four million users.<\/p>\n
On-chain over 700,000 users hold $SHIB, but it\u2019s unclear how many people hold the tokens on cryptocurrency exchanges and other custodial services.<\/p>\n
Supporters of Shiba Inu has over the last few weeks been signing a petition asking commission-free trading platform Robinhood (NASDAQ: HOOD) to list their cryptocurrency on their platform.<\/p>\n
The petition, titled \u201cKindly request of Robinhood to list Shiba Inu coin\u201d has, at press time, over 241,600 signatures from backers and is looking to reach 300,000. It mentions that Robinhood has listed Dogecoin ($DOGE), a rival meme-inspired cryptocurrency, that was a \u201chuge success\u201d for the trading platform.<\/p>\n
Zebpay, in its announcement, noted that the LEASH token is meant to provide rewards for liquidity providers, while BONE has a 250 million supply and is a governance token that helps holders vote on Shiba Inu\u2019s decentralized autonomous organization.<\/p>\n